Pondering Porirua property

Tuesday 9 November 2004

Property values in Porirua City have soared in a recent revaluation due to a high demand for land, lifestyle properties and affordable housing. The most recent evaluation by Quotable Value Ltd – who revalue property every three years on behalf of Porirua City Council (PCC) – shows significant increases across all property types, with strong growth in the industrial sector.

By The Landlord

“It’s a sign of a brilliant local economy – a sign of how attractive Porirua City is for house purchase,” PCC chief executive Roger Blakeley says.

In the past three years the industrial sector has experienced an average 60.8 percent increase in capital value, largely due to an average 137 percent land value increase.

Residential sector values have increased by an average 37.7 percent.

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