(File photo)Residential property values in the Mackenzie have skyrocketed with Takapō/Tekapo passing the $1 million mark. Supplied Residential dwelling values changes 2017-2020 in the Mackenzie District as presented by Quotable Value. Dairy land values have dropped 11.2 per cent in Mackenzie since 2017. Smits said “Some of [the Mackenzie’s] hotels, and the large hotels in particular, have reasonably big reduction in their values with the loss of international tourism.”JOHN BISSET/STUFF Mackenzie Mayor Graham Smith said “it’s a good news story” that property values are increasing in Mackenzie. In Timaru the value of residential housing increased 11 per cent since 2017, while Mackenzie values increased 28 per cent over the same period.

Source: Stuff February 11, 2021 04:21 UTC