PHOTO: SIMON O’CONNOR/STUFF On average, homes in Oakura have increased $160k in the last three years and are now worth $855,000 – the most of any suburb in New Plymouth.
Seaside suburbs and areas outside New Plymouth were the big movers in the latest round of capital valuations for the district.
Average residential values in Urenui, Okato, Oakura, Inglewood town climbed by more than 20 per cent in the last three years, Quotable Value’s (QV) latest figures show.
The company prepared valuations on almost 38,000 properties for the New Plymouth District Council (NPDC) in an exercise that takes place every three years to help local authorities determine and update each property’s rates.
Figures show the average rateable value, commonly known as capital value, for the district increased 14.8 per cent to $493,312 between 2016 and 2019.
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