Should I buy or rent a home in Rotorua?

"The decision to buy or rent a home in Rotorua, depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Rotorua for an extended period and have a stable income, buying a home may be a good investment, as it allows you to build equity and potentially benefit from any increase in property value over time. Additionally, owning a home provides a sense of stability and the freedom to make changes to the property as you see fit. On the other hand, if you are unsure about your long-term plans or prefer flexibility, renting may be a better option. Renting allows you to move more easily if your circumstances change, and it typically requires less upfront capital than buying a home. Furthermore, renting can provide the opportunity to live in different neighborhoods and types of properties before committing to a purchase. It is essential to consider factors such as the local housing market, interest rates, and your financial goals when making this decision. Consulting with a local real estate agent or financial advisor can help you determine the best course of action for your specific situation," remarked another expat in Rotorua, New Zealand.