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 momentum, with the average asking price at $849,300. Buyers have more choice with healthy stock levels, particularly in suburbs like Karori and Tawa.
For sellers, practical features are key, as "garage" and "home and income" are the most searched-for terms. The rental market currently favours tenants, with the average weekly rent dropping to $666, creating a competitive environment for landlords who must focus on presentation and pricing.
| 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
Unplugged Aotearoa: five off-grid retreats redefining self-sufficient living
Explore five off-grid retreats combining sustainable, self-sufficient living with unique architectural flair.
Once upon a listing: three fairytale homes currently for sale
Discover three unique, fairytale-inspired properties currently listed on Trade Me Property.
Search
Other articles you might like
