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 due to healthy stock levels, with suburbs like Karori and Tawa seeing strong listing growth.
For sellers, practical features are key, as "garage" and "home and income" are the most searched terms. The rental market currently favours tenants, with the average weekly rent easing to $666, requiring landlords to be competitive on price and presentation.
| 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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