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, confident growth. The average asking price is $849,300, a modest 1% increase year-on-year, giving buyers more choice with healthy stock levels.
Sellers should highlight practical features, as "garage" and "home and income" are top search terms for buyers looking to maximise value.
The rental market is favourable for tenants, with the average weekly rent down 4.9% year-on-year to $666, creating more competitive conditions 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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