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.