<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > House value
 

House value

May 29th, 2007 at 08:15 pm

I got sent an email from a property valuers informing me that the average property value in my area now sells for over nz$260,000,- so if I'm thinking of buying or selling, please contact them.

Mmmm, on my local body taxes demand I'm still valued at nz$128,000 from 2 years ago. I'm happy with that, as I don't want my taxes going up any higher, but I'm thinking I ought to check the replacement value on my insurance.

I don't think my place will be worth anything like nz$260,000 tho - it's just a comfy little 2 bedroom with a nice view. There are a lot of apartment buildings and renovated big villas around which are going like hotcakes, so I think that's what's driving the average up. In any case, I don't really count my house value as part of my net worth or retirement savings. Yes it's nice to know I can tap into some equity if needed, but I still have to pay the loan back - so no plans for borrowing apart from necessary repairs.

0 Responses to “House value”

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]