Auckland residential property values have rocketed by up to 18.6 per cent annually as Waitakere, part of South Auckland and the North Shore lead the charge.
And the pace is predicted to continue throughout this year, despite warnings from experts and organisations around the world and here.
Latest data from QV showed Waitakere values up 18.6 per cent annually, Manukau north west up 17.3 per cent and Onewa up 17.2 per cent.
Jono Ingerson, QV research director, said Auckland and Christchurch remained the areas where values were rising fastest.
"From the North Shore to Manukau values increased between 15 per cent and 18 per cent annually, and values in Christchurch went up 12.7 per cent. In contrast, the rest of the main centres increased between 2.5 per cent and 4 per cent, apart from Hamilton which was slightly higher at 5.8 per cent," Mr Ingerson said.
"Considering that values in Auckland have now been increasing since early 2011 it is not surprising that they are now 27 per cent above the previous 2007 market peak.
An Auckland man and his family have made nearly $700,000 in profit in four years on a do-up in Mt Eden without making any major renovations.
The three-bedroom property sold for $1.395 million in December - 96 per cent above its $710,000 valuation, set in 2011. Described as a "north-facing liveable do-up", the house in St Leonards Rd had a floor space of only 119sq m, one bathroom and an extra toilet.
The man told the Herald he was a trustee of the family trust that sold the property.
It was bought in 2009 for $716,000 but sold at auction last month for $1.395 million - a profit of $679,000.
...............作者: ATAE 时间: 2014-1-15 09:38:18
NewLynnHse 发表于 2014-1-15 08:38
'Liveable do-up' sells with $700k profit