Auckland residential property valuations decrease by average of 9 per cent
In this story Auckland Council

Auckland Council has released new capital valuations for approximately 630,000 homes, showing an average residential decrease of 9 per cent. These values are based on market trends from May 2024. While valuations have dropped, property experts note that rates are expected to increase by an average of 5.8 per cent.
How they headlined it
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NZ HeraldCouncil valuations are past their use-by date. It’s time to move on - Chris Knox (opens in new tab)
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RNZ'It would be foolish to be relying on a council valuation' - property experts (opens in new tab)
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StuffUp $240k here, down $975k there: A snapshot of Auckland’s new property valuations (opens in new tab)
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1News via RNZRelying on property valuations 'would be foolish' – property experts (opens in new tab)