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
🧩😏 Riddle me this, Neighbours…
I am an odd number. Take away a letter and I become even. What number am I?
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Step by step for a great cause!
Our amazing Hillary Hikers from Edmund Hillary Village showed their support for Bowel Cancer New Zealand's Move Your Butt campaign this month!
Sporting the bright purple and orange campaign shirts, these wonderful walkers hit the Auckland waterfront and marched from Mission Bay to Kohimarama, raising awareness for bowel cancer and the importance of early detection along the way.
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