Lord of the Rings and not leaky buildings appears to have had an impact on Wellington residential property valuations with the average value of a Seatoun home up nearly 25 per cent on last year.
Thursday, November 28th 2002, 7:37PM
by The Landlord
Other inner city locations in demand were Mt Victoria where values increased 15.6 per cent, Thorndon up 11.9 per cent, Roseneath-Oriental Bay and Brooklyn which were each up 8.7 per cent.
Mr Blucher said values for inner city apartments had remained static with most tending to fall below $400,000.
Miramar house values, where special effects film company Weta Workshop and Weta Digital was based, were up 5.7 per cent and commercial property values soared 11.7 per cent.
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