New Capital Values have been released in the Manawatu District with the median CV being up 38.7% from 3 years ago to $430k.The largest increase was seen in Himatangi Beach where CVs increased by 69.2%.
The largest town in the district, Feilding, had a median CV increase of 45.6%. The median HomesEstimate in Feilding is now $399k, up 13.9% since this time last year.
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that capital values are only an estimate of a property’s value at a point of time and these large changes highlight how out of date these can become.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.