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that capital values are only an estimate of a property’s value at a point of time and these large changes highlight how out of date these can become.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!
