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Why Rateable Values Don’t Always Reflect the True Market Worth of a Home | Wellington Market Update | March 2025
In the ever-evolving world of real estate, one thing remains certain – the rateable value (RV) of a property doesn’t always match up with its true market worth. This has been particularly evident in Wellington, where RVs have seen significant fluctuations, dropping by over 20% in 2021 alone. But according to top agents Alexia Stoddart and Chris Robinson from Tommy’s Real Estate, it’s crucial to not get bogged down by these numbers.
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