Waikato house val­ues jump


Waikato Dis­trict Coun­cil­lors re­ceived a de­tailed re­port from Quotable Value (QV) last week on the dis­trict’s Rat­ing Reval­u­a­tion for 2017.

The rat­ing reval­u­a­tion fig­ures com­piled by QV show the to­tal rate­able value of the 31,271 prop­er­ties within Waikato Dis­trict Coun­cil is now $27.69 bil­lion with the land value of those prop­er­ties now val­ued at $17.12 bil­lion.

The coun­cil re­ported that Waikato dis­trict prop­erty val­ues had risen by an av­er­age of 33.7 per cent over­all in the past three years.

’’De­mand for hous­ing and land for de­vel­op­ment in the Waikato has grown rapidly over the last three years fol­low­ing strong pop­u­la­tion growth and de­mand for prop­erty in both Auck­land and Hamil­ton,’’ QV se­nior con- sul­tant Stephen Hare said.

This meant Waikato has be­come one of the fastest grow­ing dis­tricts in the coun­try which has been re­flected in the vol­ume of re­source and build­ing con­sent ap­pli­ca­tions for new dwellings in 2015 and 2016, he said.

Hare said the ‘‘height­ened ac­tiv­ity’’ and de­mand lead to the value in­crease.

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