Rating Valuations

Under NZ law, Council is required to carry out an assessment of the capital value of properties in the Kaikōura District every three years. The most recent valuation was carried out over September and October 2018 by independent valuer Quotable Value. 

2018 Revaluation findings

The three yearly revaluation is an independent process. Council has no influence over the revaluation or the values that come out. The information and graphs below are taken directly from Quotable Values.

Some properties have received significant value reductions as part of the 2018 general revaluation to reflect their current damaged condition.  

Demand for residential properties has increased significantly shown by a high number of sales and upward pressure on property prices.

Motels generally show growth but average overall values reduced due to some having unrepaired damage

The lifestyle market is steady, with majority of demand close to Kaikoura town - the average Capital Value of developed lifestyle property is up 3.1% to $570,000 , the average lifestyle block land value is up %.6% to $285,000.

The rural market is mixed, dairy farm showed – 5.1% capital value reduction and 5.3% land value reduction, but pastoral capital value increased 8.8% on average

Download a copy of the Quotable Valuation presentation to Council here 

More information:

14 October 2019