How we calculate property values
We compare recent sales in the area with the property being valued.
A zoning change under the unitary plan may affect a value if it changes the way a property:
can be developed, such as housing intensification
how it is used, such as a change from a residential to a business zone.
Our valuers work with independent organisations to determine the values. The Valuer-General audits these values to ensure accuracy.
Factors we consider
Property type.
Location.
Land size.
Zoning.
Floor area.
Consented work (renovations, new build, subdivisions etc.).
