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Hefty rates rises likely for some Auckland homes

Author
NZME.news,
Publish Date
Tue, 2 Jun 2015, 5:56pm
Suburbs up for big rises include Mt Eden, Mt Roskill, Glenfield and working-class Mangere and Otahuhu where property values have soared (Edward Swift)
Suburbs up for big rises include Mt Eden, Mt Roskill, Glenfield and working-class Mangere and Otahuhu where property values have soared (Edward Swift)

Hefty rates rises likely for some Auckland homes

Author
NZME.news,
Publish Date
Tue, 2 Jun 2015, 5:56pm

Some Auckland households are staring at an average rates increase of 5.6 percent next year - and 126,000 households face an increase of more than 10 percent.

The council has released the latest rates breakdown based on a decision 12 days ago to raise the overall rates increase from 2.5 percent to 3.5 percent.

Suburbs up for big rises include Mt Eden, Mt Roskill, Glenfield and working-class Mangere and Otahuhu where property values have soared.

On the flip side, several areas have sizeable rates cuts, including Great Barrier and Waiheke Islands, Rodney and Papakura.

 

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