Wellington.Scoop
REINZ reports today that its house price index shows that prices for houses in Wellington have increased by 31.2% in the last 12 months – the third highest rise in New Zealand. It was the largest increase since records began.
Press Release – REINZ
Median prices for residential property across New Zealand increased by 24.3% from $665,000 in March 2020 to $826,300 in March 2021 a new record high for the country. Additionally, 12 out of 16 regions reached record median prices and so did 32 districts, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand.
Central Otago rural rates increase return to status quo
31 Mar, 2021 10:30 PM
2 minutes to read
Wedderburn farmer Stu Duncan. Photo / Supplied
Otago Daily Times
By: Jared Morgan
Large proposed rates hikes for some Central Otago farmers actually represent a return to normal, a councillor and farmer says.
Average figures presented by the Central Otago District Council in its proposed 2021-31 long-term plan show a potential 37.3 per cent increase for a farm in Maniototo, an average of $918.43 in the next year.
In Manuherikia that figure is 38.8 per cent or $2158.
In the large farm category, Maniototo runholders could face a 52.5 per cent or $9424 hike, while in Manuherikia that rates take may increase by an average of $5892 or 42.4 per cent.