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Rodney property valuations have jumped on average by 37 per cent, slightly higher than the Auckland average of 34 per cent.
The updated values were released on March 8 and reflect the likely price a property would have sold for as at June 1 last year. The new valuations will be used to determine rates for the next rating year starting July 1.
The local board with the largest increase was Aotea Great Barrier, showing a 59 per cent average increase. The other local board areas with the largest movements were in Māngere-Ōtāhuhu, Henderson-Massey and Maungakiekie-Tāmaki, all of which have seen average increases between 41 and 49 per cent. These increases reflect the intensification in these areas in recent years.
In comparison, the Waitematā area, which has a large share of apartments, has a lower average increase – 15 per cent. The CV values in Hibiscus and Bays increased 25 per cent.
Auckland Council chief economist Gary Blick says the effects of the Unitary Plan implemented in 2016 can be seen in the valuations.
“We started to see these impacts in the 2017 revaluation, but realistically the effect is showing now. The value increases have moved out from the city centre, which is what we would expect as housing in those areas becomes more desirable,” Blick says.
Standalone dwellings have increased by 34 per cent while increases for already intensified housing types like apartments (eight per cent) and flats (27 per cent) are slightly lower.
Individual property data is available for the more than 590,000 properties in Auckland at www.aucklandcouncil.govt.nz/revaluation. Property owners will receive valuation notices in the mail, including information on how to object, from this week.
Objections must be entered online or received in writing before 5pm on April 22.
