Feature article
Wellington property market update: Pōneke is finding its groove
More listings, easing rents, and a market quietly building momentum.
AI summary
The Pōneke property market is showing steady momentum. The average asking price is $849,300, and buyers have more choice with a healthy number of new listings, particularly in Karori and Tawa.
For sellers, practical features are key, with "garage" and "home and income" being top search terms.
The rental market currently favours tenants, with the average weekly rent dropping 4.9% year-on-year to $666, creating more negotiating power and a competitive environment for landlords.
| 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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