Auckland’s new property values unveiled – up 33pc
Tuesday Aug 19, 2014
Property values in Auckland’s super-heated market are up 33 per cent since 2011 and ratepayers will soon get notices of big hikes.
Peter McKay, Auckland Council’s registered valuer, said that was the average movement across the region.
“At this stage we are looking at an upward movement for the Auckland region of an average 33 per cent since the last revaluation in 2011, which is broadly in line with expectations.
Local board areas with the largest movements – of over 40 per cent – are Kaipatiki, Maungakiekie-Tamaki, Puketapapa and Whau, reflecting a general value increase in the more central suburbs.”
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