Property values slowly rising in Whakatane The latest monthly QV Residential Price Movement Index shows that property values in Whakatane has increased 0.6% over the past three months and 0.9% over the past year; However, results show downward trend for Kawerau (down 1.3%) and Opotiki (down 0.7%) over the past three months. The average current value of houses in Whakatane is 297, 636; Kawerau 104,167 and Opotiki 206,133. Andrea Rush QV National Spokesperson said, “The nationwide index is still increasing but the picture around the country is mixed.” “Residential property values in Auckland and Christchurch are still increasing at a similar rate to what they were in June last year.” “While values in Wellington and Dunedin are showing a downward trend this month, as are a number of other provincial centres around the country.” “Sales volumes and home loan approvals (new and existing) are also down considerably at between 15-20% less than at this time last year.” My personal view is that the Eastern Bay of Plenty is a beautiful place with a lot to offer. If you are thinking of putting your house on the market it is vital that your home is well presented, you work with an expert to find the right strategy to market you home and price your product right. The data released from QV is based on the monthly property value index powered by CoreLogic. This index is calculated based on the sales data entered into CoreLogics system in the previous 3 month period Feel free to ring me on 022 08 06 780 if you would like to discuss this further. QV press release and data can be found here: scoop.co.nz/stories/BU1407/S00252/property-values-rising-in-auckland-mixed-nationwide.htm
Posted on: Mon, 07 Jul 2014 20:40:13 +0000