Feature article
Wellington property market update: Pōneke is finding its groove
More listings, easing rents, and a market quietly building momentum.
AI summary
The Wellington property market is building steady momentum, with increased listings offering buyers more choice. The average asking price is $849,300, and sellers should note that top buyer searches are for practical features like a "garage" and "home and income" potential.
For tenants, the rental market has eased significantly. The average weekly rent has fallen to $666, a 4.9% drop year-on-year, creating a more competitive environment for landlords and better value for renters.
| Value | MoM% | YoY% | |||||
|---|---|---|---|---|---|---|---|
| Average Asking Price | Average Asking Price | $849,300 | $849,300 | +12.20% | +12.20% | +1.00% | +1.00% |
| Average Weekly Rent | Average Weekly Rent | $666 | $666 | +0.70% | +0.70% | -4.90% | -4.90% |
For buyers: The power of choice
Wellington on a good day!
For sellers: What’s catching the eye?
For homeowners: Tracking your equity
The rental market: Wins for tenants
The Wellington waterfront is a favourite for runners, families and coffee strolls.
The dream list: Wellington standouts
Why live in Wellington?
Author
Discover More
‘We’ve loved the fact that it’s unconventional and quirky’
A character-filled 1950s Mangawhai bach with sleep-outs and a caravan is heading to market.
.jpeg)
Rare 1980s architectural gem with lush gardens for sale in Te Puke
A distinctive Te Puke home with lush gardens and a 32-year family history is on the market.
Search
Other articles you might like
