Christchurch's new rating values published
The wait is over for homeowners wanting to find out how much their home is now valued at for rating purposes.
Information on the new values is now available online at www.ccc.govt.nz.
Christchurch's 165,000 properties have been revalued for the first time in six years and the results show that, in nearly all areas of the city, property prices have increased - in some cases by up to 43 per cent.
''Most residential property values have increased from the previous peak of the market in 2007, with almost 80 per cent experiencing a rise of 10 per cent or more.
"This is the result of strong demand for housing fuelled by the influx of workers into the city and the relocation of approximately 7000 red-zoned properties," said Quotable Value (QV) southern operations manager Brendon Bodger.
Properties in the north western suburbs have experienced the biggest jump in value.
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- The Press