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," mentioned another expat when asked about moving to Rotorua, New Zealand.