The latest rating valuations are out for Wellington - and its not good news for the value of almost every property in the city. 

The average property has decreased in value by 24.4% since the last valuations in 2021 - but could it mean rates bills come down? 

Also, Wellington City Council crown observer Lindsay McKenzie has given his first report to the Local Government Minister - what'd it say?

NZ Herald Wellington issues reporter Georgina Campbell joined Nick Mills for the Capital Letter.

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