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 showing steady momentum, with the average asking price at $849,300. Healthy stock levels are providing buyers with more choice, while sellers should note that "garage" and "home and income" are top search terms.
The rental market currently favours tenants, with the average weekly rent dropping to $666, a 4.9% decrease year-on-year. This shift has created a more competitive environment for landlords, making property presentation and pricing more important than ever.
| 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% |
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