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Knowledge Centre Archive

Review some of our previous news items, articles and media releases.

 

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News

2017

01

Nov

Announcing new professional synergies. QV and Darroch amalgamate.

We are pleased to announce that this November, property management and valuation specialist business Darroch will be amalgamated into its parent company QV. The Darroch brand will remain and for customers, it will be business as usual with our current Darroch team. The merger offers great opportunities and advantages for Darroch and its customers. QV is New Zealand’s trusted property intelligence company, using industry leading data tools and platforms. It has wide reach across New Zealand and ...

08

Nov

Dunedin City: New rating valuations on their way

Media Release C/- Dunedin City Council The latest rating valuations for Dunedin properties will be arriving in letter boxes this week. In the Dunedin City Council area, there has been an overall 12.6% increase in capital value and a 19.5% rise in land value over the past three years. DCC Acting Chief Financial Officer Gavin Logie says the data shows the average house in Dunedin is now worth $335,000, compared with the 2013 average of $289,800. The commercial and industrial property market overa...

28

Oct

Construction Costs Increasing

By Martin Bisset (MNZIQS, Reg. QS) We all know that construction prices have moved considerably in the last 10 years, but I often get asked what has happened in the last couple of years. Our QV costbuilder index for this quarter has shown that building costs have increased greater than the Consumer Price Index (CPI) over the past few years (current CPI is 0.4% to June 2015). We have seen a range of variations across building types and regions. The largest average percentage increase experienced...

09

Sep

Understand your new rating value

New Zealand councils must keep the information they use to allocate rates up-to-date, and this year, QV has been contracted to reassess the values of 17 councils.  Check here to see if your council is part of the revaluation this year. If you own a property in one of the revaluation areas, you’ll receive a Notice of Rating Valuation with an updated rating value sometime between now and the end of the year.  What will this look like? The effective date of your rating value means the date on whic...

16

Dec

Investors snapping up South Auckland homes

By Bruce Wiggins, QV homevalue Auckland The latest QV residential price movement index figures show Auckland home values have started accelerating again at 'eye-watering' rates with some areas of the city seeing values rise more than five percent over the past three months alone.  Read more.

09

Oct

Planning for your summer renovations

By Bruce Wiggins ANZIV SPINZ, QV Registered Valuer, Team Leader - Northern These first days of warmer weather feels like a reward duly earned for months of cold wintery damp.  Properties always look their best in the summer, and with a few extra daylight hours in the evening to spend on home jobs, you may be considering getting your house ready to sell. In our industry we see prospective buyers can be turned-off by homes with incomplete renovations. Purchasers also don’t necessarily see what yo...

01

Oct

Understand your new rating value

Rating values will be updated this year for the properties in twenty councils by QV.  Check here to see if your council is part of the revaluation this year. If you own a property in one of the revaluation areas, you’ll receive a Notice of Rating Valuation with an updated rating value sometime between now and the end of 2013.  What will this look like? The effective date of your rating value means the date on which your home was re-valued.  Your council rates aren’t effective from this date; co...

Articles

2017

10

Oct

Significant rating valuation increase for Queenstown Lakes properties

Media Release from Queenstown Lakes District Council Properties have seen significant rating value increases since 2014 according to the recently completed Rating Revaluation for 2017. The new rating valuations have been prepared for 25,059 properties on behalf of Queenstown Lakes District Council by Quotable Value (QV). The rating revaluation figures compiled by QV show the rateable value of the 25,059 properties within the district is now $32,120,192,000, with the land value of those properti...

01

Mar

Why it's in your interest to keep your rating value (RV) up-to-date

QVratingvalue will be contracted as a rating valuation services provider to provide a General Revaluation for 21 local councils this year including Carterton, Clutha,  Invercargill, Kaipara, Kapiti Coast, MacKenzie, Marlborough, Masterton, Napier, Queenstown Lakes, Rangitikei, Ruapehu, South Wairarapa,  Stratford, Tararua, Tasman, Thames Coromandel, Timaru, Waikato, Waitaki and Westland. This means every property in these regions will get a new rating value (RV). These are a specific type of va...

08

Dec

Buller District rating revaluation shows residential property values have decreased by 18% since 2013

General overview The Buller District Rating Revaluation for 2016 is now confirmed and property owners will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property. The new rating valuations have been prepared on 7,876 properties on behalf of the Buller District Council by Quotable Value (QV).  Rating valuations are fit for purpose valuations carried out on all properties in New Zealand, usually once every three years to help local councils set rates for th...

14

Nov

Summer is almost here - Top tips for maintaining the value of your home

By Aidan Young, QVhomevalue Valuer for the QVhomevalue Dunedin newsletter - click here to subscribe The beginning of daylight savings and a few warmer days over the past few weeks are signs that summer is around the corner. Hello late night BBQ’s and possibly more time for home renovations. Whether you are tackling a total interior refurbishment or catching up on some deferred maintenance items that popped up over winter, now’s the time to undertake those jobs in order to maintain (and possibly...

02

Nov

Far North property rating values increase

Media Release C/- Far North District Council Residential property values in the Far North have rebounded from falls recorded three years ago, but Quotable Value says the District is yet to catch up with peaks seen in 2007. Quotable Value (QV) this week sent out Notice of Rating Valuations to all Far North District property owners. The rating valuations are commissioned by the Far North District Council, which uses the land value portion of valuations to help it set rates every three years. Wayn...

01

Nov

Rural market poised to make a slow recovery

ruralvalue brings together the expertise of QV’s South and North Island rural valuers into a distinct unit who provide rural advice and solutions to enable customers to make decisions that will help them grow their businesses and rural New Zealand.  Spring 2016 overview Rural confidence is low after the collapse of the global dairy markets, but recent dairy auctions have taken steps towards recovery with increases in the last five out of six Global Dairy-Trade auctions. While the price move is ...

18

Oct

Horowhenua rating revaluation shows moderate growth in property market over past three years

The Horowhenua District Rating Revaluation for 2016 has been finalised and property owners there will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property. The rating revaluation has been carried out by Quotable Value (QV) on behalf of the Horowhenua District Council. Rating valuations are a fit for purpose valuation carried out on all properties in New Zealand, usually once every three years to help local councils set rates in their area or District fo...

19

Sep

Dunedin property update

The Dunedin property market continues its steady upwards trajectory with QV statistics showing the average sale price in August was $338,791. This is great news for the local property market and the economy, and we are seeing a steady stream of first home buyers getting on the property ladder. In a busy market like this, characterised by high demand, we are seeing sales by auction, by negotiation, and deadline treaty becoming more common.  Here is an overview of these sale types and what we thi...

12

Sep

Understand your new rating value

Each year around one third of New Zealand homeowners receive a new rating value for their property.   This happens because councils must keep the information they use to allocate rates up-to-date, and this year, QV has been contracted to reassess the rating values of 21 councils.  Check here to see if your council is part of the revaluation this year. If you own a property in one of the revaluation areas, you’ll receive a letter with your property's new rating value sometime between September -...

05

Sep

QV costbuilder data shows building costs jumped 20.0% during the Christchurch rebuild

The latest QV costbuilder data shows the average cost of building a new home in New Zealand’s four largest cities has risen 21.09% since the previous peak of 2007, and 1.66% in the year to May 2016.   QV costbuilder is an arm of Quotable Value (QV) and provides the latest construction cost data to the property and construction industries through an online subscription web platform tool, which can be accessed on any device.   Subscribers can access a comprehensive range of building costs associa...

Media release

2017

06

Nov

Late spring surge as we head into summer.

The continued shortage of quality real estate listings, coupled with record low mortgage interest rates have combined to add some zing to the property market over October. Spring normally brings with it a surge in house listings, but listings are generally down throughout New Zealand.  With lower interest rates enabling new buyers to enter the market, competition for limited stock has contributed to the October results. The average value nationally has increased 2.8% year on year and is now $69...

01

Oct

Media Release: Affordability hampering spring resurgence

Media Release 2 October 2019 The first month of spring hasn’t brought about the lift in activity or property prices that prospective vendors would have been hoping for.  September normally brings about a surge in market activity as vendors, having weathered the winter months, decide to list their properties for sale while buyers enjoy a wider range of housing stock to choose from.   Commentators were divided over what this spring activity could bring to the market, with an increase in supply po...

18

Sep

Media release: Rate of decline easing as spring signals a return of positive sentiment.

Tuesday 3 September 2019   Steady as she goes is the ongoing theme in the New Zealand property market as we enter the first week of spring. We continue to see growth in our regional towns and cities where affordability is less of an issue. In the North Island, Gisborne, Palmerston North and Porirua City have performed well over the last three months and continue to show double digit growth year on year. In the South Island, Dunedin and Invercargill values are up 2.0% and 3.0% respectively in th...

07

Aug

Media release: Market remains quiet through winter months

Wednesday 7 August    The New Zealand property market remains quiet through winter, with quarterly value growth remaining at 0.1%. Despite this subdued growth, many regional areas including the Western Bay of Plenty, Hutt Valley and Porirua continue to see values steadily rise, supported by a strong regional economy. Over the past year, average national property values steadily increased, up 2.2%.   Meanwhile, residential property value growth across the Auckland Region decreased by 2.6% year o...

02

Jul

Media Release: First home buyers snap up outer city properties

QV Media Release: First home buyers snap up outer city properties Wednesday 3 July New Zealand’s property market remains quiet although first home buyers remain very busy, particularly on the outskirts of New Zealand’s main centres.   The wider Wellington region is a great example of this, where many outer city suburbs continue to attract high numbers of first home buyers. According to recent Corelogic Buyer Classification data, over half of all buyers in many outer city Wellington suburbs are ...

05

Jun

Media Release: Lifestyle regions continue strong growth

Lifestyle regions continue strong growth Thursday 6 June New Zealand’s more affordable lifestyle regions continue to see strong value growth, in a market that is quietening heading into winter. The Bay of Plenty region is an excellent example of a lifestyle region continuing to experience steady growth over the past quarter. Tauranga, with a relatively high average value of $741,501, has seen values increase by 2.3% over the past quarter.   Despite the strong regional growth figures, the latest...

30

Apr

Media Release: Affordable regions continue strong value growth

Affordable regions continue strong value growth Wednesday 1 May Value growth continues to slow nationally although some of New Zealand’s more affordable regions continue to see strong growth.   New Zealand’s annual rate of value growth dropped from 7.6% in April last year to 2.7% last month.   The key market of Auckland continues to see a reduction in value levels, down 1.5% year on year across the region.   Much of regional New Zealand continues to see value growth, led by Gisborne, Horowhenua...

05

Mar

Media release: More affordable regions continue strong growth

More affordable regions continue strong growth Wednesday 6 March Most of New Zealand’s more affordable, smaller provincial towns continue to see solid value growth, while Auckland is still seeing a slight drop in value levels. The Hawkes Bay region continues to see some of the strongest rates of growth across the country. Lower North Island provincial areas, such as Manawatu, Masterton and Carterton, are also experiencing strong annual growth rates. Dunedin continues to see the strongest value ...

12

Feb

Media release: Hawkes Bay region stands out from the rest

QV Media Release: Hawkes Bay region stands out from the rest   Wednesday 13 February   The Hawkes Bay region is seeing some of the strongest value growth in New Zealand, while many regions experience a slowdown in the rate of growth.   Hastings, in particular, stands out with quarterly growth of 10.8% while Central Hawkes Bay continues to build on a strong annual growth figure of 19.6%.   New Zealand’s main centres such as Dunedin and Wellington are seeing a slight drop in the rate of quarterly...

15

Jan

Media release: Market activity set to bounce back

Market activity set to bounce back Wednesday 16 January There have been no dramatic changes to values over the past month, which is a likely result of the holiday season which generally sees less market buoyancy. At the same time, our qualified property consultants generally anticipate market activity to bounce back in the coming weeks, as the peak holiday period ends and the loosening of the LVR restrictions enable new buyers to enter the market.     The latest QV House Price Index shows natio...