Rates have increased across the country this week, with some cities better off than others.

Auckland Council has confirmed a 5.8 percent average residential rates increase, the same day Wellington’s council struck a 12 percent lift in rates.

Meanwhile, Gisborne residents face an average 9.95% rate increase, which equates to $400 or less for 80% of homeowners.

The increases have come at the same as council valuations in Auckland dropped by 9%.

But, what do lower CVs mean for your rates bill? And, what does it mean in the context of the wider property market?

Today on The Front Page, Opes Partners’ economist Ed McKnight is with us to bust some myths about valuations, rates, and the current state of house prices.

Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.

You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

Host: Chelsea Daniels
Sound Engineer/Producer: Richard Martin
Producer: Ethan Sills

Rates have increased across the country this week, with some cities better off than others.
Auckland Council has confirmed a 5.8 percent average residential rates increase, the same day Wellington&rsquo;s council struck a 12 percent lift in rates.
Meanwhile, Gisborne residents face an average 9.95% rate increase, which equates to $400 or less for 80% of homeowners.
The increases have come at the same as council valuations in Auckland dropped by 9%.
But, what do lower CVs mean for your rates bill? And, what does it mean in the context of the wider property market?
Today on The Front Page, Opes Partners&rsquo; economist Ed McKnight is with us to bust some myths about valuations, rates, and the current state of house prices.
Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.
You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
Host: Chelsea Daniels Sound Engineer/Producer: Richard Martin Producer: Ethan Sills

Go beyond the headlines with The Front Page, the New Zealand Herald’s daily news podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what’s happening in our own backyard to global events shaping our future.

Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture. 

Subscribe now so you never miss an episode.

Go beyond the headlines with The Front Page, the New Zealand Herald&rsquo;s daily news podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what&rsquo;s happening in our own backyard to global events shaping our future.
Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture.&nbsp;
Subscribe now so you never miss an episode.

Every day, The Front Page takes you behind the scenes of the biggest story from the New Zealand Herald. Hosted by Damien Venuto

The Front Page

Go beyond the headlines with The Front Page, the New Zealand Herald’s daily news analysis podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what’s happening in our own backyard to global events shaping our future. Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture. Subscribe now so you never miss an episode.

Go beyond the headlines with The Front Page, the New Zealand Herald&rsquo;s daily news analysis podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what&rsquo;s happening in our own backyard to global events shaping our future. Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture. Subscribe now so you never miss an episode.

Inside the housing market: What you need to know about rates, CVs, and house prices

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e5579741-77c9-4321-84e4-b30f00314a50/transcript