A house at 278a Remuera Road, Auckland has just sold for $1.9m – exactly its 2008 rating valuation – indicating no drop in property values over the past year.
A house at 278a Remuera Road, Auckland has just sold for $1.9m – exactly its 2008 rating valuation – indicating no drop in property values over the past year.
Except it has historic value which would not feature in the QV. It's no indication of the property market.
Except it has historic value which would not feature in the QV. It's no indication of the property market.
The property has had historic value for decades – If QV do the job some posters here think they do then that value would have been recognised in previous valuations. And if people think they can hang 7,800 sales, from housing stock of 1.6m houses, out as “The Market” then the three recent Auckland sales on this thread can surely be used as an indicator.
A house at 278a Remuera Road, Auckland has just sold for $1.9m – exactly its 2008 rating valuation – indicating no drop in property values over the past year.
haha - sample size of 1, great!
If I am not for myself, then who will be for me? And if I am only for myself, what am I? And if not now, when?
Sure three properties is a small sample size over a couple of days - but so is the sample size the doom gloom people like to use. Remember theis is the Goods News thread so a bit of statistical liscence could be forgiven.
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