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Ross Tucker: Auckland Council Group CFO explains why Auckland home values have dropped

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Manage episode 487699806 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

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."

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9729 episodes

Artwork
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Manage episode 487699806 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

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.

  continue reading

9729 episodes

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