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Wellington house jumps $415k in value during couple’s separation process – Stuff.co.nz

Housing crisis creates difficulties getting back on the ladder after separating, and loss of first home buyer status compounds issues.

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Eight months after Joel Pauling and his partner agreed to separate, the valuation of their Wellington home jumped $415,000.
The first valuation, taken in July 2020, estimated the Ngaio house to be worth $735,000 a figure that increased to $1.15m in February.
Pauling is one of a growing number of Kiwis undergoing divorce or separation who may find the process increasingly complicated by a highly volatile housing market, according to Lady Deborah Chambers, a Queen’s Counsel specialising in relationship…

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