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Article: Banks Peninsula values increase 25 per cent
- Article from:
- The Press
- Article date:
- November 12, 1997
- Author:
CopyrightCopyright 1997 The Press. Provided by ProQuest LLC. (Hide copyright information)
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The Banks Peninsula District has a new 1997 valuation of more
than
$1 billion.
Valuation New Zealand's latest valuations put a capital value of
$1,172,820,000 on the area.
The new value, based on valuations completed on September 1,
compares with the 1994 total capital value of $939,886,000. The new
total represents a 24.8 per cent increase.
Land values have risen 45.5 per cent from $427,476,000 in 1994 to
$622,151,000 in 1997. The highest capital value increases have been
for vacant residential land, which increased 49.4 per cent.
Lifestyle blocks increased 31.2 per cent and residential properties
26.5 per cent.
Lowest capital value increases were farms 21.8 per cent,
commercial land 19.9 ...