Home values have surged in Kapiti, with new property valuations confirming our slice of paradise is in high-demand and a desirable place to call home.
The average house price is now $541,500—up 37 per cent from 2014, but communities like Otaki and Waikanae Beach have seen property values soar by at least 45 per cent.
The Reserve Bank has announced the Official Cash Rate (OCR) will remain unchanged at 1.75 per cent.
Acting governor Grant Spencer said global economic conditions were improving, and growth was expected to pick up, although inflation and wage outcomes remain subdued. The Reserve Bank had also incorporated preliminary estimates of the impact of the proposed KiwiBuild programme, tighter visa requirements and increases in the minimum wage.Read more