Latest Auckland rating value increases range from 15% in the Waitemata Ward to 59% on Aotea/Great Barrier Island

Will people gauge the value of a property on the CV? I know some used to - for a period of time anyway, it'll be interesting to see... 

As the property bubble deflates, the 2021 CV will come to be known as the "clown value".

good for 10% of NZ.

face palm news. 

Just had a look at mine. Bit low I think. 

Having said that, CV's are only one yardstick, plus values increased another 10-15% from July 2021?

I reckon if I added 10-15% to my property's valuation it would look about right. Still 20% below homes.co.nz !!!

How many times you can sell a car at an increased price.

On some fine day, that old junk will be super expensive for all the buyers.

Rent vs Buy.... mmmm

Houses are going down circa 2% per month, but let's pretend that they will just go down 1%

1% on 2M house is 20k per month (loss)

Renting the same house is a bit less than 5k (as expense, worst case, + if you use your house as office you can take some of it out of taxes)

Am I missing something?

Wellington CVs all over again. Not worth the paper they are written on.

41% increase in CV in my ward, mostly driven by flash new housing in the Massey/Westgate area, with no rapid transit or similar services actually serving it, and pre-Covid commutes from the CBD taking over an hour and only getting worse. So more money from more people, but living standards declining and commuting costs getting out of control.

Best time to announce inflated CV- will support as real estate agent use this to upsell the house.

HOUSE sold in 2019 for $920000 which had a CV of $970000 has a new CV of $1650000. WoW.

Tax tax tax tax. Council waits to after peak to lock in the biggest future rating gouge it can. If only we had confidence on the councils ability to use it wisely.

Important typo in the first sentence. In fact values increased by 34% on average across Auckland.

Auckland Council has released it's latest rating valuations and they show an average value increase of 43% 

The main headline states: Auckland Council rating valuations up 34% overall, which is correct?

I don't know if RV's have gone up 34% on average (as stated in the main headline) or 43% as stated in the article above but 34% increase since 2017 is definitely way too low, I think 43% is too low as well.  Houses in Auckland have gone up a good 50% from 2017 to 2021 in reality and much more in some places.

House price dissonance. 

RV NV in da house !!

There has been the expected outcry from those advocating for the less salubrious suburbs, however they never mention that Len and Phil have changed the rates proportions so that the fixed portions are minimized and the variable component maximized. So years ago, they have hit the more valuable suburbs with higher rates bills than what they used to be.  Overall this increase this time where these less valuable suburbs face slightly above average increases in no way goes anywhere near redressing the huge rates increases from a number of years ago. Not only that, but on the North Shore a minor unit with family living in it (usually elders) did not attract a separate fixed component. Len and Phil did away with that quick smart. They are anti-family.

stating the obvious 

 

Average Auckland Values have increased a lot more than 43 percent over the last 5 years since the last CV.

Commercial rates are a scandal- way to high.