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The Rise in NZ Property Value
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The Rise in NZ Property Value
Date Added: January 10, 2012 05:26:03 AM
Author: Greg Watson
Category: Real Estate

We all know New Zealand to be a beautiful country so it’s easy to understand that national property values have risen gradually on a continuing basis. Since the beginning of 2011 property value has increased and is currently 1.2 percent above the value of property at this time last year. The market peak that occurred in 2007 was just 4.4 percent higher than current values. If you are looking to purchase a new home or investment property or even sell property then the following article will help you make an informed decision. Jonno Ingerson, Research Director of QV.co.nz. says “The Auckland City revaluation has now been completed and the capital value (CV) of every property updated. The QV residential property index is based on the ratio between sales price and these CVs. As a result of the changing CVs there has been a slight one-off adjustment to the indices for Auckland, making it appear as if values dropped slightly from September to October. The raw underlying data actually show that values have continued to increase and the index next month is likely to once again show the upward trend we have seen in recent months” This is good news for Real Estate Manawatu as home owners and investors can expect to see their own properties increase in value. The NZ property values in Auckland City have experienced an increase of 4.4 percent from the start of 2011. The remainder of the Auckland area has enjoyed increases in property values ranging from 1.6 and 2.0 percent. Many areas over New Zealand have seen a slight increase in new property listings and should see this eventuate into increased sales however has not yet come into fruition. The last 20 years has seen a trend where sales would increase during October and November however this has changed over the recent years and increases are occurring more now during February and March. Currently, the average New Zealand Property value has been sitting at around $399,821. Those with an interest in Property Manawatu, either for selling or purchasing can benefit greatly from talking to a professional with their finger on the pulse of the current real estate market. For more information on the property values and trends on the market in New Zealand talk to experienced sales professional who has a sound knowledge of the area. Whether you are looking to buy, sell or rent you can never go wrong with the sound advice of someone in the know. http://www.watsonproperty.co.nz
 
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