Friday, Sept 21, 2018
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THE INDEPENDENT VOICE OF MID CANTERBURY
All on in local derby
Hoops’ Hillman hijinks P27
P34
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She (Eugenie Sage) needs to put aside her Green Party nanny-knows-best approach
ANGER AT TAHR CULL ORDER FULL STORY
P2
Our $19b district BY SUE NEWMAN
SUE.N@THEGUARDIAN.CO.NZ
Anyone able to stump up $19 billion could buy the Ashburton District. That massive price tag comes at the conclusion of the three yearly revaluation of properties across the district, completed by QV New Zealand. The overall value is up from $17 billion in 2015.
While the revaluation has not seen a dramatic surge in values that occurred then, the current worth of the district was a good, positive outcome, national revaluation manager Gail Smits said. The capital value (CV) for residential properties rose an average of 6 per cent but that increase in value was not evenly shared across the district.
Rakaia was the hot spot in terms of an increase in CV, up 9 per cent, followed by Methven up 8 per cent. Values in rural Ashburton, Ashburton west and Tinwald all increased a similar amount, 6 per cent, while the CV for Ashburton east properties was up just under 5 per cent. Average capital value for properties across the district is now $350,000 with Ashburton west,
Methven and rural Ashburton edging towards $400,000. Land values in Rakaia and Methven also rose more than in other residential areas, up 10 per cent since 2015. The CV of rural properties rose on average by 12.6 per cent, but land values showed a much more dramatic change – pastoral up 19.5 per cent, arable up 18.9 per
cent and dairy up 15.2 per cent. A change in the way irrigation schemes are now valued has affected some land values. Across the district 468 dairy farms, 738 pastoral, 706 arable, 10 horticultural and 76 specialist livestock properties were valued.
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