Auckland home valuations: unofficial capital gains to bite owners

A marginal rates rise on the cards for St Heliers after its 24% capital gain

Tue, 25 May 2021

Aucklanders who bought a home in more affordable suburbs could be on the hook for the highest rates increases due to soaring property prices, according to the latest valuation data.The latest set of capital valuations (CV) of Auckland properties are due to be published by the Auckland Council later this year.But latest suburban estimates provided to BusinessDesk by property analytics firm homes.co.nz show residents in suburbs coming off low bases, like Mangere East and Clendon Park, could be facing the biggest hikes in their bills on the basis...

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