Bay Harbour: December 11, 2019
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PAGE 4 Wednesday <strong>December</strong> <strong>11</strong> <strong>2019</strong><br />
BAY HARBOUR<br />
Latest Canterbury news at starnews.co.nz<br />
News<br />
• HAVE YOUR SAY: How do these valuation changes affect you? Email your thoughts to jess.gibson@starmedia.kiwi<br />
Buyers compete for limited stock<br />
• From page 1<br />
Residential property values<br />
across the city and Banks Peninsula<br />
had risen an average of<br />
about one per cent since the last<br />
district revaluation in 2016.<br />
In contrast to the increases<br />
seen across the <strong>Bay</strong> <strong>Harbour</strong><br />
area, property valuations in<br />
some inner-city suburbs like<br />
Upper Riccarton and Sockburn<br />
decreased as much as seven per<br />
cent.<br />
Quotable Value general manager<br />
David Nagel said the <strong>2019</strong><br />
revaluation changes have created<br />
“somewhat of a rebalancing of<br />
the residential market.<br />
He said following the<br />
February 22, 20<strong>11</strong>, earthquake<br />
there was a lot of demand for<br />
“safe” homes in Sockburn and<br />
Upper Riccarton, with buyers<br />
competing for limited stock,<br />
forcing prices up.<br />
But that demand had now<br />
dropped as house hunters went<br />
elsewhere.<br />
The new values will apply to<br />
rates from July 1.<br />
They do not affect the total<br />
rates collected by the city<br />
council, which are yet to be set<br />
through the Annual Plan, but<br />
they do influence how much of<br />
the total is collected from each<br />
ratepayer.<br />
Residents have until January<br />
24 to object to new property<br />
values.<br />
MID-RANGE: A listing on L’Aube Reserve, Akaroa, is going for<br />
$36,000 below the average property value of $686,600. It<br />
has four bedrooms, two bathrooms and 960 sq m of land<br />
area.<br />
BALANCE: A four-bedroom property in Diamond <strong>Harbour</strong> is<br />
selling for $590,000, which is more than the average price of<br />
$571,100 for a home in the area.<br />
PHOTOS: REALESTATE.CO.NZ<br />
They can be made to ratingvalues.co.nz<br />
or by picking up<br />
an objection form from the<br />
city council’s civic offices or a<br />
city council library and service<br />
centre.<br />
Full list of average<br />
property valuation<br />
changes across<br />
Christchurch and Banks<br />
Peninsula:<br />
Akaroa – $686,600 +14.1<br />
per cent<br />
Peninsula – $456,200 +9.7<br />
per cent<br />
Lyttelton <strong>Bay</strong>s – $571,100<br />
+5.3 per cent<br />
Lyttelton – $542,200 +5 per<br />
cent<br />
Woolston, Bexley,<br />
Ferrymead, Bromley –<br />
$361,000 +2.1 per cent<br />
Linwood, Charleston –<br />
$351,600 +1.6 per cent<br />
St Martins, Aynsley,<br />
Huntsbury, Hillsborough –<br />
$605,600 +2.1 per cent<br />
Beckenham, Addington,<br />
Sydenham, Waltham,<br />
Opawa – $458,600 +2.2 per<br />
cent<br />
Somerfield, Spreydon –<br />
$468,300 +2.8 per cent<br />
Cashmere, Westmorland –<br />
$767,500 +2.3 per cent<br />
Halswell – $558,900 +0.4<br />
per cent<br />
Hoon Hay – $436,200 +1.1<br />
per cent<br />
Central City – $752,500 +7.9<br />
per cent<br />
Merivale – $1,0<strong>11</strong>,600 +3.1<br />
per cent<br />
Papanui, Elmwood –<br />
$599,800 +0.2 per cent<br />
St Albans, Mairehau –<br />
$488,900 +2.7 per cent<br />
HIKING BOOTS<br />
& SHOES<br />
Shirley, Dallington,<br />
Avonside, Richmond –<br />
$377,900 +0.7 per cent<br />
Aranui, Wainoni, Burwood,<br />
Avondale – $327,900 +2.4<br />
per cent<br />
New Brighton (North,<br />
South and Central) –<br />
$378,600 +0.2 per cent<br />
Mt Pleasant to Taylors<br />
Mistake – $772,800 +2.5 per<br />
cent<br />
Fendalton – $1,251,500 +1.2<br />
per cent<br />
Riccarton, Middleton –<br />
$518,400 -0.1 per cent<br />
Ilam, Burnside – $733,900<br />
-0.4 per cent<br />
Avonhead, Russley –<br />
$577,100 -3.9 per cent<br />
Bryndwr, Wairakei –<br />
$486,400 -1.5 per cent<br />
Casebrook, Bishopdale –<br />
$470,200 -0.7 per cent<br />
Redwood, Northcote –<br />
$500,000 -1.8 per cent<br />
Burwood, Parklands –<br />
$530,500 +0.8 per cent<br />
Upper Riccarton, Sockburn<br />
– $452,200 -7 per cent<br />
Hornby, Hei Hei, Islington –<br />
$477,800 +0.6 per cent<br />
Belfast, Northwood –<br />
$554,600 -2.3 per cent<br />
Northern and western<br />
periphery – $634,300 +2.2<br />
per cent<br />
Southern and hills<br />
periphery – $813,800 +1.7<br />
per cent<br />
Overall – $543,800 +1 per cent<br />
For men, women<br />
and children<br />
From<br />
$79.95<br />
to $250<br />
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Meal with a view<br />
Relax and enjoy the fresh sea air and a<br />
wonderful range of fresh seafood and plenty of<br />
other options to choose from.<br />
Open for breakfast Saturdays and Sundays.<br />
Fishermans Wharf<br />
39 Norwich Quay, Lyttelton<br />
03 328 7530 fishermanswharf.nz<br />
Tuesday to Sunday Lunch and Dinner<br />
Saturday & Sunday Breakfast<br />
Metro is making<br />
shopping easy<br />
this Christmas.<br />
Swipe your Metrocard on board until<br />
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some great Canterbury experiences.<br />
Visit metroinfo.co.nz<br />
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check out the dozens<br />
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