Why Mt Wellington is the place to buy right now
Those in the know, realise that you get more value for your money in Mt Wellington.15 April 2021
23a Price Crescent, Mount Wellington
If you’re a downsizer or a first home buyer looking for a home in a well located Auckland suburb, chances are Mt Wellington is rising to the top of your list. And if it isn’t, maybe it should be. Local agents who have worked in the area for decades are watching with satisfaction as the suburb, 11km from town, with a plethora of amenities including all Sylvia Park shopping centre has to offer, is recognised for the lifestyle it offers.
Trade Me site statistics for March 1 to March 31 2021, saw new listings up 74% from the previous month and property hunters, 40% of whom were 30-39 age group, searched for Mt Wellington 93,287 times.
The large eastern suburb is very well connected, with the railway and bus interchange at Panmure station as well as Sylvia Park station, and, on the doorstep motorway access taking you either south or into central Auckland.
And despite this, the suburb with its own 135 m volcanic peak, Maungarei Mt Wellington, is still significantly cheaper than neighbouring areas like Stonefields, Elllerslie and Greenlane.
Jane Horgan, director and agent at Ray White Orakei, grew up in Mt Wellington, built her first house there, and her daughter recently bought her first home in the suburb.
Growing up, Jane used to think Pakuranga was much flasher than her suburb, but now people prefer Mt Wellington because it’s more central, she says.
“People have been priced out of the market, they’ve got to look further afield and they’re realising they can afford to buy in Mt Wellington,” says Jane. But if you’re interested, you need to do it now. If you look at other markets which have enjoyed popularity like Avondale, the best time to buy a house is five years ago,” she adds.
Mt Wellington has been on the rise for a long time but everything is rising so there’s still good value to be found in the suburb, which is in the same high school zone as Ellerslie, with One Tree Hill College, says Jane.
2/177 Penrose Road, Mount Wellington
It’s a very large suburb, says Jane. According to her team, in the last six months 371 properties have sold in Mt Wellington. In terms of turnover, there’s only one other suburb that is bigger, and that’s Remuera.
Mt Wellington enjoys a good turnover of properties because it’s a great place for people to start with a home and often, they’ll sell and buy again and stay in Mt Wellington, says Jane.
How do Mt Wellington prices compare?
Bayleys Remuera agent Julie Quinton, who sells all over inner Auckland including Stonefields and Remuera, says there’s no doubt Mt Wellington is more affordable than its neighbour.
A three bedroom townhouse in Mt Wellington selling for early $800,000s upwards, would sell for $1.3 million in Stonefields, she says.
“That’s a $500,000 difference,” she says.
At the Richmond development in Mt Wellington, currently at its fourth stage at 22 Kikorangi Lane, three bedroom townhouses are selling from $885,000 and four bedroom ones from $1.13 million. Julie and her team are selling to professionals, first home buyers and younger families.
“The Richmond developers have built a lot of sizes and price points, and, with 400 plus homes, it’s getting a really nice community feel,” says Julie.
Richmond development: 22 Kikorangi Lane, Mount Wellington
A number of new residents have come from living close to the city. In the case of some of the couples buying, one of the partners might work in South Auckland, so Mt Wellington becomes more attractive, she says.
The Mt Wellington community
Ray White Remuera agent Sarah Walden, explains the community feel of Mt Wellington. She’s been selling in Cotswold Road near Bailey Road School, marketing a home there at the moment.
“It’s a really lovely cul de sac, there’s a little walkway from there to Bailey Road School. Most of the homes are owner occupied and have big sections, and there’s a fish n chip night,” she says.
“People like the elevation of Mt Wellington, and people who live there really like it, it’s the up and coming suburb,” she says.
There’s value “right now” in Mt Wellington, adds the agent.
Mt Wellington offers some great walks, says Sarah who takes her kids up the volcano where they let their imaginations run wild. It’s seven minutes to Mt Wellington from her home in Remuera, she says.
20 Cotswold Lane, Mount Wellington
Mt Wellington the next Newmarket
Barfoot & Thompson agent Jane Wang has been selling in Mt Wellington since 2002 and is pleased to see it having its moment in the sun.
“With the success of Sylvia Park you can see it will be a second Newmarket,” she says. And Sylvia Park is also much easier to get parking in than Newmarket, adds Jane.
Mt Wellington is better linked than Ellerslie, Green Lane and Glendowie, she believes.
Meanwhile, more developers are coming to the suburb, seeing its potential and are building high-quality homes, says the Barfoot’s agent. New kindergartens are being built, making it more attractive for young families, she adds.
With residential new developments springing up near Sylvia Park and more high rise living to come as land prices go up, the range of housing stock will have more variety, says Jane, who’s selling a brand new elevated townhouse with access to a Mount Wellington summit walkway.
She expects the four bedroom, 2.5 bathroom home on Mountain Road, close to Ellerslie village and Panmure train station, to sell at around the $1.4 to $1.5 million mark.
“Why do I think this is the best time to buy in Mt Wellington? Because it’s still the most affordable for this location,” she says.
New developments a-plenty
The townhouses facing the green belt have extra features including central heating and air conditioning as well as internal access garages.The four bedroom ones have an office as well and are attracting a lot of buyers coming from the city, and from Botany Downs, she says.
Lot 3 110 Hillside Road, Mount Wellington
Different parts to Mt Wellington
As with any suburb you’re planning to buy in, it’s a good idea to get to know the different parts of it and see which will suit best. Some streets are close to walkways up Mt Wellington, others are closer to the business of Sylvia Park.
Les Walbridge from Barfoot & Thompson is marketing a home in Harding Avenue on the slopes of Mt Wellington, close to Stonefields. The construction of the Stonefields community has been really good for Mt Wellington, he says.
The Barfoot’s agent is watching homes go up in value around Harding Avenue, a few sales recently going through at Harding Green, a complex of 20 houses built forty years ago. These are free- standing two storey homes on around 110 sq m. Offering a warm community feel, these homes are ideal for young families and first home buyers, and get snapped up very quickly.
One sold three weeks ago for $1.060 million, and another of these is currently for sale through Les. Prices on average are around $900,000, he says.
17E Harding Avenue, Mount Wellington