New property valuations for Waipā District
Updated rating revaluations for more than 25,000 properties across the Waipā District have been confirmed for 2025 and are available online from today.
The independent revaluations, carried out by Quotable Value (QV) on behalf of Waipā District Council, show the total rateable value for the district is now $34.21 billion, down 5.2 percent.
Residential property values across the district have fallen by an average of 7.2 percent to $893,000, with shifts varying slightly from town to town. Cambridge values have reduced by 6.2 percent and Leamington 6.6 percent, while Te Awamutu has seen a larger drop of 8.8 percent. Ōhaupō’s average residential values have decreased 7.2 percent, and Pirongia has recorded a much smaller change at just 1.3 percent down.
Lifestyle properties have experienced sharper declines overall, falling an average of 13 percent across the district, including drops of 10.4 percent in Te Awamutu and 11.3 percent in Cambridge.
Farm values show a mixed picture, with the value of pastoral properties across the district rising on average by 2.9 percent, while dairy farms have dropped an average of 3.7 percent.
Commercial property values are largely unchanged, with a small average increase of 0.5 percent, while industrial values have risen on average 11.6 percent.
The revaluations are a snapshot of the property market as at Friday August 1, 2025, and reflect an estimated sale price on that date, not including the value of any chattels. Because the property market is constantly changing, current sales prices may be different.
Acting chief financial officer James Graham said the figures follow national trends after a period of very fast growth up to the 2021 peak.
“While many residential property values have decreased since that peak, this doesn’t mean rates for those properties will go down,” he said. “Council doesn’t collect more or less money overall when property values change.”
Instead, revaluations help the council allocate rates fairly across the district, he said.
“Revaluation may mean a redistribution of rates based on how your property value has changed when compared to others.”
To determine the valuations, QV follows a detailed process including using relevant property sales as well as information from building consents. The process is independently audited by the Officer of the Valuer-General.
Those ratepayers who have opted to receive rating information via email will receive their notices on Monday, December 15. For those who haven’t, notices will be posted the same day. If you disagree with your new valuation, formal objections can be lodged up until Thursday, February 5.
More information on how revaluations, including how to object, is available at www.waipadc.govt.nz/revaluation, or by contacting the rating team at rates@waipadc.govt.nz or 0800 924 723.
