Ashburton Courier: September 24, 2021

www.ashburtoncourier.co.nz
Calves enjoy ascenic slurp
NEWS
Ashburton Courier, September 23, 2021
19
New rating valuations
Calves enjoying adrink on asunny, Spring day in apaddock
located just outside Methven. The paddock is adjacent to the new
Thyme Stream subdivision from where apath links the township
to the Methven Walkway.
Events for mental
health week
Connecting MidCanterbury
Charitable Trustisorganising a
numberofevents for Mental
Health AwarenessWeek
(MHAW), whichruns from
September27toOctober3.
The trustoversees the
running of Mid Canterbury
TimeBank andKeepLearning
Mid Canterbury.
TimeBank is teamingup with
Wellbeing Opuketorun events
focused on the MHAW theme of
‘Taketime to korero', which is
aboutconnecting with the
people and creating space for
conversationsabout mental
health.
On September 29 there will be
gatherings in both the
Ashburton Domain and
Methven playground, (near the
medical centre), at 5.30pmfor
people to come togetherwith
picnics and takeaways.
On October2acafe gathering
is planned at 10.30am at the
StaveleyStore and the following
day TimeBankwill celebrate its
fourth birthdayand bring
people together at familyfriendly
event at Trott’s garden.
Entrytothe garden is $5 and
there will be activities for
childrenand food provided
between 2pm and 4pm.
Registration can be done
through Eventbrite.
KeepLearningMid
Canterbury has five events
planned which are open to
everyone. Each focuses on the
five ways to wellbeing.
There is achance to ‘connect’
on September 27 (Ashburton
PublicLibrary 4pm until
7.40pm), to ‘take notice’ on
September 28 (Ashburton
Parents Centre 5.30pmuntil
6.30pm), to ‘give’ on September
29 (Resource Recovery Park
education centre1pm until
3pm), to ‘keep learning’ on
September 30 (Ashburton
PublicLibrary 3.15pm until
5pm) and to ‘be active’ on
October 1(EA NetworksCentre
gym 1pm until 2pm).
Full eventdetails on the
Eventbrite website.
AshburtonDistrict property
owners are duetoget new
rating valuations in the post.
New valuations have been
prepared for 15,764 properties
by QuotableValue (QV) on
behalf of Ashburton District
Council.
The total rateable value for
the district is now
$20,494,086,450 with the land
valueofthose properties
valued at $13,742,687,650.
Rating valuations are
usually carried out on all New
Zealand properties every
threeyears to help councils set
rates for the following threeyear
period.
They reflectthe likely
selling price of aproperty at
the effectiverevaluation date,
which was1July 2021, and do
not include chattels.
The value of residential
housing within theAshburton
District has increased by an
average of 25.5% since 2018.
The average house value is
now $486,000, while the
corresponding average land
value has increased by 33% to
an average of $200,500.
QV area manager Kris
Rodgers saiddemand for
residential housing hadbeen
buoyant across the region,
with most townships in the
district seeing increases of
between21­30%overall.
‘‘We have seen significant
value lifts across the entire
residential market since our
last rating revaluation back in
2018 with values still rising
strongly.’’
‘‘Lowervalue properties
have seenthe most
competitionfrombuyers,
resulting in the greatest value
increases.
‘‘Demand from buyers
coming from outside the
regionhas also helped fuel the
local residentialproperty
market,’’ he said.
Commercialproperty values
have increased by 12% and
property valuesinthe
industrial sector have
increased by 13% since the
district’s last rating valuation
in 2018.
Commercialand industrial
land values have also
increased by 4.4% and 8.3%
respectively.
‘‘While there has been
demand from buyers for good
quality properties with
favourable leases in place, this
has been offsettosome degree
by online competition for
retailers andthe start of apost
lockdowntrend for more
people to work from home,’’
Mr Rodgers said.
‘‘We have seen steady value
increases for industrial
properties andalimited
supply of industrial land
within theregion has seen a
boostinland values.’’
Since 2018, the average
capital value of an improved
lifestyle property has
increased by 16% to $790,000,
whilethe corresponding land
value for alifestyle property
increased by 20.3% to $417,500.
‘‘Lifestyle properties
typicallyaligninvalue with
high­endresidential
properties andthis segment of
the markethas been strong.
‘‘A smaller market and less
demand has meant there has
not beenquite the same
increase in the land valuesas
seen in the residential
market,’’ Mr Rodgers said.
He said there had been good
activity and value growth for
dairy, arable and pastoral
properties overthe last eight
to 10 months.
Pastoralproperties on
average have seena2%
increase from 2021 value
levels, with the majority of
growthexperienced in the foot
hills andhigh country.
Mr Rodgers said the
effective ratingrevaluation
date of 1July 2021 had passed
and any changes in the market
since then will not be
includedinthe new rating
valuations.
Thismeans in many cases a
sale priceachieved in the
market todaymay be different
to the new ratingvaluation set
at 1July 2021 and that rating
valuations are notdesigned to
be used as market valuations
for raising finance with banks
or as insurance valuations.
The updated rating
valuations are independently
audited by the Office of the
Valuer General and need to
meet quality standardsbefore
the new rating valuations are
certified.
New rating values will be
postedafter September29.
If owners don’tagree with
them they they have aright to
objectthroughthe objection
process before November 4.
Want to get
paid for your
weeklywalk?
I’mMarythe Delivery
Supervisor forthe Courier.
I am looking for reliable people
to deliver the Courier each
Thursday in the Tinwald area.
If you are keen to find out more
about this opportunity, please
send me an email or give me a
call and we can talk further.
Please email mary.summerfield@ashburtoncourier.co.nz
or phone Mary on 03 308 7664
forfurther details.
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