Porirua City Capital Values 2019 Analysis

The new Capital Values have been released in Porirua City, with the median CV up 34.1% from September 2016. This increase is in line with homes.co.nz’s median HomesEstimate in Porirua which is up 8.4% in the last year to $597k.

The largest increases were seen in Waitangirua and Cannons Creek where CVs increased by over 60% to a median value of $410k and $425k, respectively. 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that capital values are only an estimate of a property’s value at a point of time and these large changes highlight how out of date these can become.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!

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The Data Team - homes.co.nz (Tom Lintern - Chief Data Scientist)

About the author

Tom Lintern is homes.co.nz’s data guy and is in the know when it comes to the property market. If you have a burning question for the homes.co.nz data team, send it through to insights@homes.co.nz and we’ll take a look!