20 Nov 2017

The valuation system

From The Panel, 4:44 pm on 20 November 2017
Auckland has released suburb-by-suburb details of its latest property revaluations.

Auckland has released suburb-by-suburb details of its latest property revaluations. Photo: RNZ / Todd Niall

Auckland's individual property valuations have been released today sparking much debate over which street is the most expensive and what areas are seeing a boom - this year it appears new suburbs on the outskirts of the supercity are seeing big increases in rateable value. So what does this mean for rates, for homeowners and the market? Mortgage broker Bruce Pattern explains how it works and tells us whether it fair. 

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