Auckland’s new Council Valuations: What’s changed — and why it matters

A sharp 9 % drop in residential values

As of May 2024, Auckland’s average residential Capital Value (CV) has fallen by about 9 % compared to June 2021 — roughly a $117,000 drop — bringing the average CV to approximately $1.29 million. Meanwhile, Auckland’s commercial CVs declined ~5 %, while industrial, lifestyle, and rural properties held steady or increased by 4–5 % .

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