Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 
209 posts

Master Geek
+1 received by user: 5


  Reply # 1494626 18-Feb-2016 09:11
Send private message

Clearly the CV was wrong. Keeping going up Auckland Property Market :)


3282 posts

Uber Geek
+1 received by user: 208

Trusted

  Reply # 1495943 19-Feb-2016 20:45
Send private message

mattwnz:

 

bazzer:

 

It's 837m^2, someone will definitely subdivide and build on the back. A better headline would be CV half property's true value.

 

 

 Although it is only worth what people are prepared to pay. 

 

 

Exactly. Which is what in this case? wink


14205 posts

Uber Geek
+1 received by user: 1826


  Reply # 1495949 19-Feb-2016 21:04
Send private message

keriboi:

 

Clearly the CV was wrong. Keeping going up Auckland Property Market :)

 

 

 

 

Will be really interesting to see how it works out over time. Apparently some foreign investors don't like buying brick houses, and also don't like buying in areas prone to earthquakes.  This could be why Wellington properties haven't moved much in price since 2007. Christchurch prices too seem to be going sideways. The problem for Wellington buyers I have found, is that Aucklanders are cashing up and buying in Wellington, but are blowing people out of the water with their offers. Had a few people I know whose tender offers were blown out of the water by cashed up Auckland buyers. Tenders though are terrible things for buyers. At least with auctions, what other people are offering is transparent.


798 posts

Ultimate Geek
+1 received by user: 355


  Reply # 1496339 20-Feb-2016 16:24
Send private message

darylblake:

 

Geektastic:

 

bazzer:

 

It's 837m^2, someone will definitely subdivide and build on the back. A better headline would be CV half property's true value.

 

 

 

 

I am not sure but don't property CV's get updated to sale values when they change hands? If not, they should.

 

 

 

 

If they did your rates would go through the roof

 

 

 

 

Perhaps thats the solution.

 

The banks can only loan up to 80% of the current RV, but rates are paid on the highest of RV or sold value.

 

This will pretty much mostly impact only Auckland.


14205 posts

Uber Geek
+1 received by user: 1826


  Reply # 1496380 20-Feb-2016 18:45
Send private message

sir1963:

 

darylblake:

 

Geektastic:

 

bazzer:

 

It's 837m^2, someone will definitely subdivide and build on the back. A better headline would be CV half property's true value.

 

 

 

 

I am not sure but don't property CV's get updated to sale values when they change hands? If not, they should.

 

 

 

 

If they did your rates would go through the roof

 

 

 

 

Perhaps thats the solution.

 

The banks can only loan up to 80% of the current RV, but rates are paid on the highest of RV or sold value.

 

This will pretty much mostly impact only Auckland.

 

 

 

 

Yeah not a bad idea.  

 

In my area, the price sold sometimes doesn't affect the RV much at all. For example a house I was interested in had an RV of 540k. It sold for 650k, and the new RV released about a year after the sale is now 580k. So it has gone up a bit, but it also reflects that the buyer overpaid, as the RV is still less than they paid, but it was a high spec architecturally designed house which isn't usually reflected in RV's. They will only pay rates on the RV, not the price paid.  

 

I saw a story not that long ago about an Auckland property which had the house moved off, and they were now using it as a car park, run by one of these parking companies, which I imagine would make good money. But apparently they didn't have consent to do it. I think buyers are buying them as a form of land banking, while making as much money on them as they can now to try to cover the costs. You just need interest rates to rise a bit, and many people are really going to hurt.


1 | 2 
View this topic in a long page with up to 500 replies per page Create new topic

Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Intel introduces new NUC kits and NUC mini PCs
Posted 16-Aug-2018 11:03


The Warehouse leaps into the AI future with Google
Posted 15-Aug-2018 17:56


Targus set sights on enterprise and consumer growth in New Zealand
Posted 13-Aug-2018 13:47


Huawei to distribute nova 3i in New Zealand
Posted 9-Aug-2018 16:23


Home robot Vector to be available in New Zealand stores
Posted 9-Aug-2018 14:47


Panasonic announces new 2018 OLED TV line up
Posted 7-Aug-2018 16:38


Kordia completes first live 4K TV broadcast
Posted 1-Aug-2018 13:00


Schools get safer and smarter internet with Managed Network Upgrade
Posted 30-Jul-2018 20:01


DNC wants a safer .nz in the coming year
Posted 26-Jul-2018 16:08


Auldhouse becomes an AWS Authorised Training Delivery Partner in New Zealand
Posted 26-Jul-2018 15:55


Rakuten Kobo launches Kobo Clara HD entry level reader
Posted 26-Jul-2018 15:44


Kiwi team reaches semi-finals at the Microsoft Imagine Cup
Posted 26-Jul-2018 15:38


KidsCan App to Help Kiwi Children in Need
Posted 26-Jul-2018 15:32


FUJIFILM announces new high-performance lenses
Posted 24-Jul-2018 14:57


New FUJIFILM XF10 introduces square mode for Instagram sharing
Posted 24-Jul-2018 14:44



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.