Hawkes Bay Today
  • Hawke's Bay Today home
  • Latest news
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology

Locations

  • Napier
  • Hastings
  • Havelock North
  • Central Hawke's Bay
  • Tararua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Napier
  • Hastings
  • Dannevirke
  • Gisborne

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Hawkes Bay Today

Properties in Hastings district now worth a combined $27.8 billion

Hawkes Bay Today
17 Oct, 2019 02:11 AM2 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
The new rating valuations have been prepared for 32,279 properties on behalf of the Hastings District Council by Quotable Value (QV). Photo / File
The new rating valuations have been prepared for 32,279 properties on behalf of the Hastings District Council by Quotable Value (QV). Photo / File

The new rating valuations have been prepared for 32,279 properties on behalf of the Hastings District Council by Quotable Value (QV). Photo / File

The Hastings District Rating Revaluation for 2019 has been confirmed with the region substantially increasing its overall value.

The new rating valuations have been prepared for 32,279 properties on behalf of the Hastings District Council by Quotable Value (QV).

Rating valuations are carried out on all properties in New Zealand, usually once every three years to specifically help local councils set rates for the following three year period.

READ MORE:
• Hawke's Bay property guides
• Number of Hawke's Bay properties sold drops to 4-year-low as prices climb in 'seller's market'
• Record property sale: One of Hawke's Bay's finest homes sells for more than $4m
• Hawke's Bay property prices reach record numbers, but for how long?

The rating revaluation figures compiled by QV show the total rateable value of the properties within Hastings District Council is now $27.8 billion dollars, an increase of 40.5 per cent on 2016, with the land value of those properties increasing 51.1 per cent up to $14,744,002,000 over the same period.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

QV general manager David Nagel said that the region has seen an overall increase in most domains.

"Residential housing is showing an average capital value increase of 41.9 per cent with the average house value now $562,400, while the corresponding average land value increased by 52.0 per cent to an average of $263,000. Value level changes vary on location and house type."

Residential house price movements show Hastings District has experienced relatively consistent value growth over the three year period since the last revaluation.

Advertisement
Advertise with NZME.

"Commercial property is showing an overall increase of 25 per cent, while the industrial sector has increased 41 per cent relative to the 2016 Capital Value levels. Land values have increased overall with 34 per cent for commercial and 178 per cent for industrial compared to 2016 land values," Nagel said.

"Lifestyle properties have seen value increases since 2016, with the average improved lifestyle property capital value increasing by 35.3 per cent to $1,076,000, while the corresponding average land value for a lifestyle property increased by 40.8 per cent to $466,000."

New rating values will be posted to property owners after October 21.

Discover more

New Zealand

The retired cook who makes a feast for his community every week

13 Oct 05:00 PM
Business

Hawke's Bay RSE accommodation put up for sale

15 Oct 12:13 AM
New Zealand

'Never seen anything like it': Council diverts flooding on to 89yo's property

16 Oct 04:04 AM
Save
    Share this article

Latest from Hawkes Bay Today

Hawkes Bay Today

Hawke's Bay F.A.W.C! festival paused amid funding challenges

Hawkes Bay Today

Jackson Ball a double Hawk and a Wisconsin Badger

Hawkes Bay Today

Police use drones, thermal tech to catch illegal hunters


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Recommended for you

Whānau-led initiative aims to boost eel populations in Northland
Northern Advocate

Whānau-led initiative aims to boost eel populations in Northland

'A Way Through': Ceramic artist's creative residency showcased
Whanganui Chronicle

'A Way Through': Ceramic artist's creative residency showcased

'Unstable air mass': Risk of heavy rain and thunderstorms for NZ
New Zealand

'Unstable air mass': Risk of heavy rain and thunderstorms for NZ

Bank-hopping among mortgage holders hits record high
Interest rates

Bank-hopping among mortgage holders hits record high

'Hi Nan, we've got no power': Mum of six disconnected, lived on camp stove and candles
Business

'Hi Nan, we've got no power': Mum of six disconnected, lived on camp stove and candles

Morning quiz: Where was Mother Theresa born?
New Zealand

Morning quiz: Where was Mother Theresa born?



Latest from Hawkes Bay Today

Hawke's Bay F.A.W.C! festival paused amid funding challenges
Hawkes Bay Today

Hawke's Bay F.A.W.C! festival paused amid funding challenges

HB's big food and wine fest will return when funds allow it to maintain its high standard.

29 Jul 04:39 AM
Jackson Ball a double Hawk and a Wisconsin Badger
Hawkes Bay Today

Jackson Ball a double Hawk and a Wisconsin Badger

28 Jul 11:08 PM
Police use drones, thermal tech to catch illegal hunters
Hawkes Bay Today

Police use drones, thermal tech to catch illegal hunters

28 Jul 11:00 PM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Hawke's Bay Today e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Hawke's Bay Today
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Hawke's Bay Today
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • NZME Events
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • © Copyright 2025 NZME Publishing Limited
TOP
search by queryly Advanced Search