The latest Capital Values in the Central Otago District have been released and are up 35% since September 2016. The median CV in the district is now $540k, up from $400k 3 years ago. The highest performing town was Roxburgh where the median CV more than doubled to $280k.
The most expensive town is Cromwell, where the CVs increased by 32.6%, up to $640k.It is important to remember that capital values are only an estimate of a property’s value at a point of time and these large changes highlight how out of date these can become. For a more accurate and up-to-date estimate of a property’s value, we suggest using homes.co.nz’s HomesEstimates.
These are calculated each month using up-to-date sales information and track trends in your area. Take a look on homes.co.nz to see your new CV and how your property performed against the rest of your neighbourhood!