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Podcast: The Front Page
Episode: Inside the housing market: What you need to know about rates, CVs, and house prices
Description: Rates have increased across the country this week, with some cities better off than others. Auckland Council has confirmed a 5.8 percent average residential rates increase, the same day Wellington’s council struck a 12 percent lift in rates. Meanwhile, Gisborne residents face an average 9.95% rate increase, which equates to $400 or less for 80% of homeowners. The increases have come at the same as council valuations in Auckland dropped by 9%. But, what do lower CVs mean for your rates bill? And, what does it mean in the context of the wider property market? ...