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
Poll: If we want to reduce speeding, what do you think actually changes driver behaviour? ๐ป๐จ๐
In the Post's article on speeding penalties, the question is asked whether speeding fines are truly about road safety, or are they just a way to boost revenue for the Crown?
What do you think? Should speeding motorists receive speeding fines or demerit points?
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37.1% The sting of a fine (Money talks!)
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62.9% The threat of demerit points (Nobody wants to lose their license!)
๐ Riddle me this, legends! ๐
He/She who makes it, sells it.
He/She who buys it, doesn't use it.
The user doesn't know they are using it.
What is it?
(Shezz from Ngฤruawฤhia kindly provided this head-scratcher ... thanks, Shezz!)
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
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Some Choice News!
DOC is rolling out a new tool to help figure out what to tackle first when it comes to protecting our threatened species and the things putting them at risk.
Why does this matter? As Nikki Macdonald from The Post points out, weโre a country with around 4,400 threatened species. With limited time and funding, conservation has always meant making tough calls about what gets attention first.
For the first time, DOC has put real numbers around what it would take to do everything needed to properly safeguard our unique natural environment. The new BioInvest tool shows the scale of the challenge: 310,177 actions across 28,007 sites.
Now that we can see the full picture, it brings the big question into focus: how much do we, as Kiwis, truly value protecting nature โ and what are we prepared to invest to make it happen?
We hope this brings a smile!
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