A second Auckland buyer has lost a deposit on a property, following the case of a $2.3 million deposit loss on a Mt Eden place. Civil earthworks contractor.
Auckland property prices: Homeowners to get bombshell valuations: new date out
18 May, 2021 05:00 PM
5 minutes to read
House sells for double its valuation with 24 offers. Made with funding from NZ On Air.
House sells for double its valuation with 24 offers. Made with funding from NZ On Air.
NZ Herald
Auckland homeowners can expect a bombshell rise in their council valuations when city-wide revaluations are released later this year, a property lawyer says.
City house prices have soared 35 per cent since the last valuations in 2017, with Auckland Council revealing it now expects to issue new valuations – officially known as capital values or CVs – this October.
Auckland homeowners to get bombshell property valuations
(Photo / NZ Herald) Wed, 19 May 2021, 9:17AM
Auckland homeowners can expect a bombshell rise in their council valuations when city-wide revaluations are released later this year, a property lawyer says.
City house prices have soared 35 per cent since the last valuations in 2017, with Auckland Council revealing it now expects to issue new valuations – officially known as capital values or CVs – this October.
Mum-and-dad homeowners, retirees and property investors will all be keeping a close eye on the new valuations as it can affect how much they pay in council rates, and how much they can borrow from banks.
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