Knowledge Centre
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Knowledge Centre Archive

Review some of our previous news items, articles and media releases.

News

01

Nov

Announcing new professional synergies. QV and Darroch amalgamate.

We are pleased to announce that this November, property management and valuation specialist business Darroch will be amalgamated into its parent company QV. The Darroch brand will remain and for customers, it will be business as usual with our current Darroch team. The merger offers great opportunities and advantages for Darroch and its customers. QV is New Zealand’s trusted property intelligence company, using industry leading data tools and platforms. It has wide reach across New Zealand and ...

08

Nov

Dunedin City: New rating valuations on their way

Media Release C/- Dunedin City Council The latest rating valuations for Dunedin properties will be arriving in letter boxes this week. In the Dunedin City Council area, there has been an overall 12.6% increase in capital value and a 19.5% rise in land value over the past three years. DCC Acting Chief Financial Officer Gavin Logie says the data shows the average house in Dunedin is now worth $335,000, compared with the 2013 average of $289,800. The commercial and industrial property market overa...

28

Oct

Construction Costs Increasing

By Martin Bisset (MNZIQS, Reg. QS) We all know that construction prices have moved considerably in the last 10 years, but I often get asked what has happened in the last couple of years. Our QV costbuilder index for this quarter has shown that building costs have increased greater than the Consumer Price Index (CPI) over the past few years (current CPI is 0.4% to June 2015). We have seen a range of variations across building types and regions. The largest average percentage increase experienced...

09

Sep

Understand your new rating value

New Zealand councils must keep the information they use to allocate rates up-to-date, and this year, QV has been contracted to reassess the values of 17 councils.  Check here to see if your council is part of the revaluation this year. If you own a property in one of the revaluation areas, you’ll receive a Notice of Rating Valuation with an updated rating value sometime between now and the end of the year.  What will this look like? The effective date of your rating value means the date on whic...

16

Dec

Investors snapping up South Auckland homes

By Bruce Wiggins, QV homevalue Auckland The latest QV residential price movement index figures show Auckland home values have started accelerating again at 'eye-watering' rates with some areas of the city seeing values rise more than five percent over the past three months alone.  Read more.

09

Oct

Planning for your summer renovations

By Bruce Wiggins ANZIV SPINZ, QV Registered Valuer, Team Leader - Northern These first days of warmer weather feels like a reward duly earned for months of cold wintery damp.  Properties always look their best in the summer, and with a few extra daylight hours in the evening to spend on home jobs, you may be considering getting your house ready to sell. In our industry we see prospective buyers can be turned-off by homes with incomplete renovations. Purchasers also don’t necessarily see what yo...

01

Oct

Understand your new rating value

Rating values will be updated this year for the properties in twenty councils by QV.  Check here to see if your council is part of the revaluation this year. If you own a property in one of the revaluation areas, you’ll receive a Notice of Rating Valuation with an updated rating value sometime between now and the end of 2013.  What will this look like? The effective date of your rating value means the date on which your home was re-valued.  Your council rates aren’t effective from this date; co...

Articles

28

May

Property Q&A with David Nagel

Homeowners are left in limbo, wondering whether to buy or sell and what is to be of their largest asset. With mortgage holidays and wage subsidies in full swing, it may be a few months yet before we see the full effect of Covid-19 on the property market.  With a nationwide uncertainty in the housing market, QV General Manager, David Nagel explores what homeowners can expect with the market in the coming months. See what David Nagel had to say about first home buyers, investment properties and h...

19

May

A Tale of Two Cities

QV’s area managers Kris Rodgers and Tim Gibson have been comparing average residential sales data and it looks like Christchurch is in the lead. Or is it? Mainlander rugby fans heaved a massive sigh of relief when rules around Level 2 of the Covid-19 rules became clear and rugby could resume – albeit coming out of enforced hibernation to engage in a local derby competition featuring the five Super rugby teams playing two rounds each in stadiums bereft of spectators.  It will mark the return of ...

24

Apr

Lifting the Lockdown on First Home Buyers

As we look forward to a takeaway dinner on Tuesday night and the world begins to look a little bit like it used to, QV’s Paul McCorry takes a look at how the property market has reacted to being under lock and key for the last four weeks. In particular he looks at how the COVID environment has impacted one of the most active but also most vulnerable segments of the market – first home buyers. The Hutt Valley, north of Wellington City has been a hotbed of first home buyer activity in recent year...

10

Oct

Significant rating valuation increase for Queenstown Lakes properties

Media Release from Queenstown Lakes District Council Properties have seen significant rating value increases since 2014 according to the recently completed Rating Revaluation for 2017. The new rating valuations have been prepared for 25,059 properties on behalf of Queenstown Lakes District Council by Quotable Value (QV). The rating revaluation figures compiled by QV show the rateable value of the 25,059 properties within the district is now $32,120,192,000, with the land value of those properti...

01

Mar

Why it's in your interest to keep your rating value (RV) up-to-date

QVratingvalue will be contracted as a rating valuation services provider to provide a General Revaluation for 21 local councils this year including Carterton, Clutha,  Invercargill, Kaipara, Kapiti Coast, MacKenzie, Marlborough, Masterton, Napier, Queenstown Lakes, Rangitikei, Ruapehu, South Wairarapa,  Stratford, Tararua, Tasman, Thames Coromandel, Timaru, Waikato, Waitaki and Westland. This means every property in these regions will get a new rating value (RV). These are a specific type of va...

08

Dec

Buller District rating revaluation shows residential property values have decreased by 18% since 2013

General overview The Buller District Rating Revaluation for 2016 is now confirmed and property owners will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property. The new rating valuations have been prepared on 7,876 properties on behalf of the Buller District Council by Quotable Value (QV).  Rating valuations are fit for purpose valuations carried out on all properties in New Zealand, usually once every three years to help local councils set rates for th...

14

Nov

Summer is almost here - Top tips for maintaining the value of your home

By Aidan Young, QVhomevalue Valuer for the QVhomevalue Dunedin newsletter - click here to subscribe The beginning of daylight savings and a few warmer days over the past few weeks are signs that summer is around the corner. Hello late night BBQ’s and possibly more time for home renovations. Whether you are tackling a total interior refurbishment or catching up on some deferred maintenance items that popped up over winter, now’s the time to undertake those jobs in order to maintain (and possibly...

02

Nov

Far North property rating values increase

Media Release C/- Far North District Council Residential property values in the Far North have rebounded from falls recorded three years ago, but Quotable Value says the District is yet to catch up with peaks seen in 2007. Quotable Value (QV) this week sent out Notice of Rating Valuations to all Far North District property owners. The rating valuations are commissioned by the Far North District Council, which uses the land value portion of valuations to help it set rates every three years. Wayn...

01

Nov

Rural market poised to make a slow recovery

ruralvalue brings together the expertise of QV’s South and North Island rural valuers into a distinct unit who provide rural advice and solutions to enable customers to make decisions that will help them grow their businesses and rural New Zealand.  Spring 2016 overview Rural confidence is low after the collapse of the global dairy markets, but recent dairy auctions have taken steps towards recovery with increases in the last five out of six Global Dairy-Trade auctions. While the price move is ...

18

Oct

Horowhenua rating revaluation shows moderate growth in property market over past three years

The Horowhenua District Rating Revaluation for 2016 has been finalised and property owners there will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property. The rating revaluation has been carried out by Quotable Value (QV) on behalf of the Horowhenua District Council. Rating valuations are a fit for purpose valuation carried out on all properties in New Zealand, usually once every three years to help local councils set rates in their area or District fo...

Media release

03

Jun

Property Values on Cliff Edge

House prices are showing the first signs of fragility as Level 2 Lockdown protocols allow for the property market to return to a new normal.  A disconnect in expectation is developing between vendors and purchasers amidst declining sales volumes suggesting we are on the brink of a material decline for the first time in nearly 12 years.   The last time the residential property market experienced a period of sustained decline was following the GFC where residential values fell almost 10% over a s...

06

May

Property Market Heads Into the Unknown

The latest QV House Price Index data for April provides us with the rolling three month average strength of the residential property market.  But what it doesn’t show us is the dramatic impact COVID-19 had had in the real estate industry since the country went into Level 4 Lockdown on 25th March. While Level 3 Lockdown has provided an opportunity for real estate agents, vendors and purchasers to resurrect at least a semblance of a property market, sales volumes are significantly impacted and th...

07

Apr

QV Launches Virtual Property Inspections During Lockdown

An inability to inspect properties during the lockdown hasn’t deterred QV from offering their customers a valuation solution. A dedicated web portal enables photographs of the property and other documents to be loaded by the property owner or real estate agent.   This virtual valuation allows banks and other lending institutions to continue to make lending decisions, without breaching lockdown protocols. QV General Manager David Nagel said “There are a number of pipeline transactions that could...

01

Apr

Where does the housing market go from here?

The latest QV House Price Index data for March provides us with a view of the housing market as New Zealand headed into lockdown on 25th March. But what it doesn’t tell us is what happens beyond the proverbial brick wall that the Covid-19 lockdown has created. The data shows the property market was continuing to perform strongly throughout early-mid March with all 16 of the major cities we monitor showing quarterly value growth for the fourth consecutive month, indicating strength right across ...

20

Mar

COVID-19 – A Property Market in Quarantine

As we navigate these unprecedented times, QV Senior Valuer Paul McCorry advises calm as a collapse in property values is highly unlikely. As 2020 started and news that COVID-19 was discovered far from our shores in Eastern China, the New Zealand market was pushing new boundaries. Only two weeks ago our QV House Price Index reported national values increasing 5.3% year on year. Auckland, Wellington and Christchurch were all showing positive growth in the last three months. Real Estate Agents wer...

08

Jan

Property market ends the year with a flourish

The latest QV House Price Index data for December shows the property market has finished the year with a show of strength, with all the 16 major cities we monitor showing quarterly value growth. This is the first time this has occurred since November 2018. The average value nationally has increased 4.0% year on year and is now $710,129. This represents an increase of 2.7% over the past three months. The average value in the Auckland Region sits at $1,047,110, up 1.9% over the last quarter, but ...

06

Nov

Late spring surge as we head into summer.

The continued shortage of quality real estate listings, coupled with record low mortgage interest rates have combined to add some zing to the property market over October. Spring normally brings with it a surge in house listings, but listings are generally down throughout New Zealand.  With lower interest rates enabling new buyers to enter the market, competition for limited stock has contributed to the October results. The average value nationally has increased 2.8% year on year and is now $69...

01

Oct

Media Release: Affordability hampering spring resurgence

Media Release 2 October 2019 The first month of spring hasn’t brought about the lift in activity or property prices that prospective vendors would have been hoping for.  September normally brings about a surge in market activity as vendors, having weathered the winter months, decide to list their properties for sale while buyers enjoy a wider range of housing stock to choose from.   Commentators were divided over what this spring activity could bring to the market, with an increase in supply po...

18

Sep

Media release: Rate of decline easing as spring signals a return of positive sentiment.

Tuesday 3 September 2019   Steady as she goes is the ongoing theme in the New Zealand property market as we enter the first week of spring. We continue to see growth in our regional towns and cities where affordability is less of an issue. In the North Island, Gisborne, Palmerston North and Porirua City have performed well over the last three months and continue to show double digit growth year on year. In the South Island, Dunedin and Invercargill values are up 2.0% and 3.0% respectively in th...

07

Aug

Media release: Market remains quiet through winter months

Wednesday 7 August    The New Zealand property market remains quiet through winter, with quarterly value growth remaining at 0.1%. Despite this subdued growth, many regional areas including the Western Bay of Plenty, Hutt Valley and Porirua continue to see values steadily rise, supported by a strong regional economy. Over the past year, average national property values steadily increased, up 2.2%.   Meanwhile, residential property value growth across the Auckland Region decreased by 2.6% year o...