New Capital Values have been released in the Waimakariri District with the median CV being up 3.2% from 3 years ago to $480k.
This relatively small increase is consistent with a flat market in the greater Canterbury area. The largest increase was seen in Cust where CVs increased by 11.6% and Rangiora had a median CV increase of 2.3% to $445k.
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that capital values are only an estimate of a property’s value at a point of time and these large changes highlight how out of date these can become.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.