Auckland Property Revaluation Delayed (again) – What It Means for You
Auckland Council has announced a delay in its three-yearly property revaluations, pushing the release to 2025 instead of late 2024. This means homeowners, buyers, and investors relying on updated Capital Values (CVs) may face some uncertainty in the short term.
Why Does This Matter?
🔹Banks often use CVs as a reference point for mortgage applications, especially when determining loan-to-value ratios (LVRs).
🔹Real estate agents and valuers also factor in CVs when assessing property prices.
🔹This delay could impact refinancing, equity release, and property investment decisions.
What Can You Do?
🔹If you're planning a mortgage restructure, refinance, or new purchase, it’s best to discuss alternative valuation methods with your lender or mortgage adviser.
🔹Registered valuations or recent comparable sales may carry more weight in the absence of updated CVs.
At adviceHQ , we help clients navigate these changes and ensure they’re well-positioned for their next financial move. If you’re unsure how this impacts your mortgage plans, feel free to reach out.
📩 Message me or visit www.advicehq.co.nz... for expert guidance.
#cv #independentfinancialadvice #aucklandproperty #propertyinvestment #refinance #homeloans #AdviceHQ
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