Auckland, Christchurch properties worth less than CV
https://www.stuff.co.nz/business/107694820/auckland-christchurch-properties-worth-less-than-cv
Properties in about 50 parts of Auckland are now worth less than their CVs, new data from Homes.co.nz shows.
The city's properties were revalued last year but now suburbs including Mangere Bridge, Dannemora, Epsom, Half Moon Bay, New Lynn, Remuera and Te Atatu South all have Median HomesEstimates – a value based on the current sales price of others in the area – of less than their CV.
St Johns had the lowest price-to-CV ratio, with a median value of 94 per cent of median CV.
Homes.co.nz chief data scientist Tom Lintern said the concept of relying on a CV as a price guide was becoming less relevant.
..................
Where are median values less than CV?
Auckland
Auckland Central
Beachlands
Blockhouse Bay
Botany Downs
Burswood
Dannemora
East Tamaki Heights
Epsom
Farm Cove
Flat Bush
Forrest Hill
Glen Eden
Glenfield
Greenlane
Half Moon Bay
Herne Bay
Hillsborough
Howick
Kelston
Kingsland
Lynfield
Mangere Bridge
Milford
Mission Bay
Morningside
Mt Roskill
Mt Wellington
New Lynn
Onehunga
Otara
Pakuranga
Pakuranga Heights
Papatoetoe
Pinehill
Ponsonby
Pt England
Randwick Park
Remuera
Royal Oak
Schnapper Rock
St Johns
St Marys Bay
Stonefields
Te Atatu Peninsula
Te Atatu South
Torbay
Totara Vale
Wattle Downs
Wst Harbour