Residential properties in the north-western suburbs of Christchurch have jumped between 20 and 30 per cent in value, according to first city-wide revaluation done since 2007.
The average residential property in Christchurch is now valued at $455,111 - up 16.2 per cent from $391,718 in 2007.
They show that property prices have risen in average by 29 per cent in Hornby, Hei Hei and Islington, 26 per cent in Redwood Northcote, Upper Riccarton and Sockburn, and by 25 per cent in Avonhead, Russley, Casebrook and Bishopdale.
In Ilam and Burnside property prices have increased by an average of 20 per cent while in Fendalton values are up 13 per cent.
source: http://www.stuff.co.nz/the-press/new...for-homeowners
This is no suprise to anyone who is actively involved in the Christchurch Property market, CCC just confirmed what the market already knew.
The average residential property in Christchurch is now valued at $455,111 - up 16.2 per cent from $391,718 in 2007.
They show that property prices have risen in average by 29 per cent in Hornby, Hei Hei and Islington, 26 per cent in Redwood Northcote, Upper Riccarton and Sockburn, and by 25 per cent in Avonhead, Russley, Casebrook and Bishopdale.
In Ilam and Burnside property prices have increased by an average of 20 per cent while in Fendalton values are up 13 per cent.
source: http://www.stuff.co.nz/the-press/new...for-homeowners
This is no suprise to anyone who is actively involved in the Christchurch Property market, CCC just confirmed what the market already knew.