The upturn in the sluggish residential market and the desirability of farmland with scrub on it are features of the triennial Whanganui District rating revaluation.
Whanganui District residential property values have increased 5 per cent since 2013.
QV rating value team leader Simon Willocks said the Whanganui District's overall capital value has increased 6.0% to $6.8 billion since the last general revaluation in 2013."
"Residential property values have risen on average by 5 per cent over the past three years" he said.
"The market had been on a downward trend since the previous peak of 2007 right up until mid-2014 but since then values have been rising at a moderate pace, with the strongest growth occurring over the past year" he said.
In the rural sector the values of lifestyle properties and well-located farms with versatile soils have remained relatively static over the past three years.