Individual property valuations are now live, with many expected to see a significant rise in their rateable value as the average RV in the Super City breaks through the million dollar mark for the first time.
Prime Minister Jacinda Ardern's Pt Chevalier home has increased in value by $350,000 in three years.
Former Team NZ sailor Dean Barker and Oracle skipper Jimmy Spithill may have missed out on winning the America's Cup this year, but they did not miss out on their property valuations increasing.
Barker's Omaha holiday home increased 15 per cent from 2014, while Spithill managed to get another leg over Barker. His Herne Bay house increased 46 per cent from its previous valuation.
Former Team NZ skipper Dean Barker. Photo / Supplied
Jimmy Spithill, skipper for Oracle Team USA. Photo / Supplied
Another big rise was the mansion formerly rented by Kim Dotcom in Coatesville. It boasted an increase of 40 per cent with its new $33m valuation.
Businessman Deyi Shi bought his Orakei home - previously owned by former Hanover Finance director Mark Hotchin - for $39m in 2013, which was also its valuation in 2014. In the latest valuation, it has risen to $46m.
Former Hanover boss Mark Hotchin home in Paritai Drive now owned by businessman Deyi Shi. Photo / Greg Bowker
