Qv is not, and is not intended to be the market valuation.
I agree FP, another example, house in my street, old qv 420k, new qv 400k, sold last week at auction for 452k. Looked well maintained house and had a full section. With the other examples I quoted it seems that there are buyers in the Henderson and nearby areas pushing up prices since latest valuations were done.
Meanwhile ,our rental in Mt albert rerated at 890000 and taxed accordingly WTF Man do I hate being levied so some silly mayor wants a train to the airport!
This article lends weight to the first post in this thread about rising compliance costs
http://www.nzherald.co.nz/nz/news/ar...ectid=10764310
The real problem Goerge is an industry controled and regulated by people with no practical no how, making all the decisions at a tremendous wasted cost to the customer at the end. Back in the fifties before leaky homes were invented, the building inspector was a practical man that made decisions with the builder about any minor problems that might show up. Now with resource consents at every turn along with engineers reports that cost a fortune the bastards want to charge $170 an hour to sit on their backsides looking over plans. Then we have people thinking the poor developer is the problem because of the rising cost of the end product. The ratio of developers going broke is much higher than most industries due to all this rubbish. Macdunk
My understanding of qv values is that they do not include value of chattels which can vary from nil to $50k.
Also some changes are not reflected - redecoration, new kitchen/bathroom can be above general in that type and age of house.
You pays your money......
The latest ridiculous cost that first home buyer will get lumbered with is having to scaffold the entire house in order to roof it. The house being built down the road is a single storey home on a dead flat site with a scaffolding cost of $2400. I said to the builder thank the lord i got out the game before this latest stupidity was forced on us. Not only is it expensive, but it is a great hindrunce to the poor roofer trying to negotiate past it.I Built hundreds of houses never used anything higher than trestles on a single storey building. The builder tells me new house prices will sky rocket with most of the builders fleeing the country. The difference in compliance cost including GST from yester year is making owning your first home unaffordable to most. I definately if I had my time over again would never even consider building new houses in NZ. Macdunk
Does this mean scaffold all round for the house for a re roof as well mcdunk