PHOTO: DOMINICO ZAPATA/HOMED – Waratah Way in Matua is one of Tauranga’s elite streets – it’s noted by all the real estate consultants, for its water frontage.

For years Tauranga was considered a bit sleepy – a place where young Aucklanders came to party once a year, and older ones came to retire to a place in the sun.

That’s all changed, not because the Aucklanders stopped coming, but because they keep coming “in droves” as one real estate agent puts it.

Not surprisingly, that has had a huge effect on prices and residential development. If you want a beachfront bach at the Mount, you’d be hard pressed to find one to buy, and if you do, it could set you back over $6 million.