Go offline with the Player FM app!
Ross Tucker: Auckland Council Group CFO explains why Auckland home values have dropped
Manage episode 487699806 series 2098282
Auckland home values have fallen, down nine percent on CVs released in 2021.
New capital values are being released tomorrow for 630,000 properties, with inner-city suburbs taking a bigger hit.
Central Auckland areas - including Mount Eden and Maungakiekie - fell about 13 percent.
Auckland Council Group CFO, Ross Tucker, says a few reasons have driven the slump.
"We've seen apartments fall 12 percent, converted flats fall 12 percent as well - also, we're seeing some of the areas where there's a lot of development potential have bigger than average falls."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
9729 episodes
Manage episode 487699806 series 2098282
Auckland home values have fallen, down nine percent on CVs released in 2021.
New capital values are being released tomorrow for 630,000 properties, with inner-city suburbs taking a bigger hit.
Central Auckland areas - including Mount Eden and Maungakiekie - fell about 13 percent.
Auckland Council Group CFO, Ross Tucker, says a few reasons have driven the slump.
"We've seen apartments fall 12 percent, converted flats fall 12 percent as well - also, we're seeing some of the areas where there's a lot of development potential have bigger than average falls."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
9729 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.