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Auckland CVs jump by almost third

The new valuations will take effect next year. Photo / Janna Dixon

The new valuations will take effect next year. Photo / Janna Dixon

Council valuations of Auckland homes have jumped by almost a third on average, new figures reveal.

Auckland Council will tomorrow release new valuations for more than 220 suburbs across the region for three-yearly review of CVs.

The figures will show properties in 10 areas have had an increase to their valuation of 50 per cent or more over the past 12 months; including Hobsonville which has jumped by a massive 65 per cent.

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Just four areas have recorded reductions in their CVs; Manukau Heads, Kawau Island, Great Barrier Island and Rakino Island.

The new valuations will apply from next year and have an impact on rates for 2016.

See tomorrow for the full figures.

- APNZ

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18.10.2014 (18.10.2014)
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