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QV'S LATEST VALUATIONS ARE A MIXED BAG
Average residential property values fell over the last 12 months in Auckland and Christchurch but rose strongly in Wellington, according to the latest figures from Quotable Value (QV). Nationally, the average value of all homes throughout the country was $664,698 in the three months to November, up 6.4% on the same period of last year. However Wellington recorded strong value growth throughout the region.
The average value of homes in the Wellington region was $621,289 in the three months to November, up 9.8% compared to the same period of last year.
The biggest gain was in Kapiti Coast +16.0%, followed by Upper Hutt +14.1%, Lower Hutt +13.5%, Porirua +13.0% and Wellington City +9.7%.
Average values were also up in most other provincial centres compared to a year ago, including Whangarei +9.4%, Hamilton +1.4%, Tauranga +3.3%, Napier +15.9%, New Plymouth +6.4%, Palmerston North +10.2%, Nelson +13.0%, Timaru +5.3%, Queenstown Lakes +10.5%, Dunedin +13.1% and Invercargill +8.0%.
Wellington QV House Price Index
- Three Months to November 2017
Territorial authority Average current value $ 12 month change % 3 month change %
Wellington 749,870 9.7% 3.4%
Wellington - Central & South 742,749 8.5% 2.5%
Wellington - East 800,674 8.4% 0.7%
Wellington - North 674,630 11.9% 5.3%
Wellington - West 877,461 9.0% 4.8%
Hutt Valley QV House Price Index
- Three Months to November 2017
Territorial authority Average current value $ 12 month change % 3 month change %
Upper Hutt 470,235 14.1% 4.0%
Lower Hutt 524,285 13.5% 1.6%
Source: interest.co.nz
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Show us your winter craft or DIY projects
When we are stuck inside, it can be a time to get creative. And we think Neighbourly members are quite a creative bunch. So, let's fill the Neighbourly newsfeed with crafty creations from across the country.
Share a photo below of your craft projects, recent DIY, or your hobby. You may just inspire someone else!
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Happy Friday, neighbours, here's a riddle to round out your week!
I am an odd number. Take away a letter and I become even. What number am I?
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