The new Rateable Values provided by Quotable Value Ltd to the Queenstown Lakes District Council as expected have drawn comment from buyers and sellers alike. As Fernhill units are a popular property of choice for first home buyers and landlord investors the table below shares compares the sell price against the old and new R.V’s. A point of note is most of these sales were closed before the new Rateable Values were in the public arena and it will be interesting to track changes in another six months as some buyers potentially leverage and use new R.V’ s to drive vendors down on price to close sales.
|Road Name||Sale Price||R.V. Old||New R.V.||Beds|
|Richards Park Lane||313500||365000||305000||2|