Feature article
Wellington property market update: Pōneke is finding its groove
More listings, easing rents, and a market quietly building momentum.
AI summary
Wellington's property market is showing steady, confident growth. The average asking price is $849,300, with buyers benefiting from healthy stock levels, particularly in suburbs like Karori and Tawa.
For sellers, properties with a "garage" or "home and income" potential are in high demand. The rental market currently favours tenants, with average weekly rents at $666, down 4.9% year-on-year. This creates a competitive environment for landlords, where property presentation and realistic pricing are crucial for success.
| 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
First home buyer stories: from casual browsing to owning a hidden gem in Onehunga
Today's buyer-friendly environment is turning long-held real estate dreams into reality. Just ask Diana Ahumada.
First home buyer stories: From an empty auction room to One Tree Hill
A ghost auction, maxed-out KiwiSaver, and a builder uncle's nod: how Zach and Zara bought their first home.
Search
Other articles you might like
