Auckland’s New Property Valuations Are Coming — Here’s What You Should Know
If you own a home or investment property in Auckland, here’s something that might impact your financial planning.
Council Valuations Are Updating in June
- Auckland Council is releasing updated Capital Values (CVs) based on current 2024 market data. These CVs are used to calculate your rates bill. If you believe the valuation is inaccurate, you’ll have a short window — around 20 working days — to lodge an objection.
CV vs Market Value — What’s the Difference?
CV (Capital Value) is the council’s estimate, used for rating purposes only.
Market Value is what your property would realistically sell for in today’s market — based on recent sales and comparable properties.
Lenders assess loans based on market value, not CV.
So even if your CV increases, it won’t affect your lending options unless your true market value has changed.
Why This Still Matters for Your Mortgage
If your home’s market value has gone up since you last reviewed your loan, you may now:
- Qualify for a better interest rate due to a stronger loan-to-value ratio (LVR)
- Be in a position to refinance for renovations, debt consolidation, or investment
- Have access to more competitive products with lower repayments
What You Can Do
If you’d like to explore refinancing options or understand what might be possible based on your property’s current market value:
- I can guide you through the refinance process
- I can take a look at your property’s estimated market value using current data and lender tools.
- And we can review whether switching lenders or adjusting your loan structure could benefit you
Reply to this message and I’ll get in touch to arrange a time