Bubble bubble: Auckland valuations linked to price peak

Bubble bubble: Auckland valuations linked to price peak
Passed in: housing market now off the boil (Image: BusinessDesk)
Brent Melville
Auckland council has finally released its latest home valuations after almost two years of delays, capturing the city's biggest boom on record. The news is as expected, with the average house in Auckland recording substantial on paper valuation gains – capital values increasing by a third and land values jumping 43% on average from 2017.Conducted by Quotable Value (QV), the new valuations were originally due in 2020 but were deferred to November 2021 on the back of the covid pandemic. The Office of the Valuer General, who au...

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