QV’s Residential Price Index for May shows that property values in the Wellington region have decreased by 3.6% over the past year. Values have continued to decline in recent months. Mr Pieter Geill of QV Valuations said: “We are seeing diverse trends in the Wellington Region, with Wellington and Porirua values holding their own while [...]
QV’s Residential Price Index for October shows that property values in the Wellington region have continued to slide, falling 3.4% since March this year. In contrast, values increased by 3.6% in the five months to March. Consequently, values now sit 0.6% below the same time last year, and 6.5% below the market peak of early [...]
QV’s Residential Price Index for August shows that property values in the Wellington region have continued to decrease, by 2.2% since March this year. In contrast, values increased by 4.4% in the 7 months to March. Consequently, values now sit 2% above the same time last year, but 5.4% below the market peak of early [...]
I had this question posed to me recently. As always, there are two sides to the story. On one hand, registered valuations provided by an independent, trained valuer with experience in your local market and property type will give you a good indication of potential market value based on recent comparable sales in your area [...]
Does your home’s Rating Valuation represent real value?? And what is market value anyway? Market Value is the most probable amount that a willing and informed buyer will pay and a willing and informed seller will accept for a property in a competitive and open market under all conditions requisite to a fair sale, the [...]
