Mairangi Bay tops reval­u­a­tions

North Shore Times - - YOUR LOCAL NEWS - KASHKA TUN­STALL

Mairangi Bay is lead­ing the North Shore in house price es­ca­la­tion, see­ing a 52 per cent rise in home val­ues over the past three years.

Auck­land Coun­cil re­leased new val­u­a­tion fig­ures for res­i­den­tial prop­er­ties on Novem­ber 16, re­veal­ing a 46 per cent av­er­age in­crease across the re­gion since the last coun­cil val­u­a­tions in 2014.

The av­er­age value of res­i­den­tial prop­erty in Auck­land is now $1,076,000.

The Hi­bis­cus and Bays Lo­cal Board area had value change of 42 per cent on av­er­age, though some sub­urbs along the East Coast Bays shore­line saw stronger gains.

Camp­bells Bay prop­er­ties have made a 48 per cent jump in value, while Oteha, Fairview Heights and Red­vale home­own­ers saw move­ment of 47 per cent.

Long Bay val­ues went up 40 per cent, Browns Bay and Tor­bay homes in­creased 39 per cent. Okura saw the Shore’s slimmest growth mar­gin at 32 per cent.

In the Devon­port-Taka­puna Lo­cal Board area, val­u­a­tions rose 43 per cent. Taka­puna saw the largest in­crease in the area at 49 per cent, fol­lowed by Mil­ford where prop­erty val­ues in­creased by 47 per cent.

Devon­port and Bayswa­ter prop­er­ties had a more mod­est rise of 36 per cent.

The Up­per Harbour Lo­cal Board area had the strong­est move­ment on the Shore, slightly ahead of the Auck­land av­er­age at 47 per cent.

That was driven largely by val­u­a­tion hikes west of the Harbour, al­though Al­bany and Pine­hill res­i­den­tial prop­erty val­ues were up 46 and 45 per cent re­spec­tively.

Homes in the Kaipa¯ tiki Lo­cal Board area ex­pe­ri­enced the least growth in the Auck­land re­gion ex­clud­ing Great Bar­rier Is­land with a 39 per cent change in value over­all.

Beach Haven prop­erty val­ues in­creased 37 per cent, Birken­head’s went up 38 per cent, and North­cote led the pack with a 45 per cent change.

Coun­cil head of rates Deb­bie Acott said an in­crease in prop­erty value did not nec­es­sar­ily mean a cor­re­spond­ing in­crease in rates.

‘‘We won’t know the im­pact of this reval­u­a­tion on rates un­til we agree our next bud­get in 2018.‘‘

The val­ues are based on the price the prop­erty would have sold for on July 1, 2017.

In­di­vid­ual prop­erty data is avail­able at www.auck­land­coun­cil.govt.nz.

ZIZI SPARKS/FAIR­FAX NZ

Mairangi Bay has seen the largest leaps in res­i­den­tial home reval­u­a­tions across the North Shore.

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.