Property expert predicts even tougher year for first home buyers with loan-to-value ratios set to return
"They'll make absolutely no difference to house price inflation."
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"They'll make absolutely no difference to house price inflation."
THREE Even the locals wonder at the sense of building a new house on a beach that is eroding every year, but Mark and Pip Pennington are up for it. Summer holiday-makers dreaming of buying their own waterfront property will have to be ready to spend big bucks, new data shows. Waterfront homes tend to come with a hefty price premium and properties in New Zealand’s summer hot spots command some of the largest, according to Homes.co.nz. The iconic beachside town of Mount Maunganui tops the premium list. Homes.co.nz estimated that the median value of properties within 50 metres of the ocean w...
Press Release – Quotable Value New Zealand Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even so, Quotable Value (QV) general manager David Nagel has shuffled his tarot cards, read his tea leaves, and peered into his proverbial crystal ball. Though the economic outlook remains murky due to Covid-19, he’s predicting property prices will continue to rise in 2021, though at a considerably slow...
Monday, 28 December 2020, 8:40 am Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even so, Quotable Value (QV) general manager David Nagel has shuffled his tarot cards, read his tea leaves, and peered into his proverbial crystal ball. Though the economic outlook remains murky due to Covid-19, he’s predicting property prices will continue to rise in 2021, though at a considerably slower rate th...
Wednesday, 16 December 2020, 1:54 pm Marlborough District property owners will soon receive a 2020 Notice of Rating Valuation in the post with an updated rating value for their property. The new rating valuations have been prepared for 27,118 properties on behalf of the Marlborough District Council by Quotable Value (QV). They show the total rateable value for the district is now $23,563,000,000 with the land value of those properties now valued at $11,840,000,000. Rating valuations are usually carried out on all New Zealand properties every three years to help local councils set rates for t...