12 MONTH RENTAL TREND (MBIE APR23)
DAYS TO SELL (REINZ MAY23)
12 MONTH RENTAL TREND (TRADEME FEB 23)
MEDIAN PRICE (REINZ MAY23)
New Zealand’s capital city, built on dramatic hills surrounding one of the southern hemisphere’s largest deep water ports. In 2017, Wellington was ranked No.1 city in the world to live in a global Deutsche Bank study.
Wellington region takes up the southern end of the North Island. Most people here live in the four cities at the south western corner – Wellington, Lower Hutt, Upper Hutt and Porirua. The Wellington region consists also of the Kapiti and Wairarapa regions.
Population: 545,400 (Stats NZ)
Forecast Population 2033: 574,000 (Stats NZ)
Median Price: $ 795,000
12 Month Pricing Trend: -11.7% (REINZ May23)
12 Month Rent Trend: -$10 p/w (MBIE Apr23)
Wellington’s location at the centre of New Zealand won Wellington the role of capital in 1865. Today, Parliament and the Beehive building alongside it are national icons. Wellington is approximately 8½ hours from Auckland by road, about an hour by air. The South Island is a three hour scenic ferry ride away across Cook Strait.
Wellington City is wedged between steep hills and the sea. Rugged mountain ranges (the Rimutakas and the Tararuas) loom beyond the harbour. The diversity of natural resources means within 10-15 minutes, you can be walking or mountain biking in native bush, or kayaking around the coastline.
The capital’s location has created a walkable central business district that encourages a now-famous café and craft beer culture. The creative, IT, education and government sectors combine in a way that means it always does feel like there’s something going on.
Wellington is cosmopolitan: only Auckland is more ethnically diverse. Average salaries and education levels are high, supporting a thriving artistic and cultural community with many galleries, museums, theatres and festivals. The city is known for fine restaurants and its café culture – it has more cafés per head than New York.
Wellington region’s hills and town belt offer great walking, tramping and mountain biking. Hutt River is popular with kayakers while in summer swimmers can choose peaceful inner harbour beaches or more exciting coastal surf. Windsurfing and sailing are also popular and there’s excellent fishing and diving.
Accommodation options range from hip urban apartments to spacious suburban homes, seaside villages and rural lifestyle blocks – many people commute into Wellington City from Lower Hutt, Upper Hutt, Wairarapa, Porirua and the Kapiti Coast.
As the capital, Wellington is home to many national institutions and government agencies. In recent years Wellington has developed thriving digital technology and film industries with files such as The Hobbit, King Kong, Lord of the Rings and Avatar being produced here. Tertiary education and research are other important contributors to the local economy.
Average summer maximums range between 17-21°C in Wellington, while winter maximums average around 9-10°C. Overall, temperatures rarely rise above 25°C or fall below 4°C. However southerly blasts in winter can make the temperature feel much colder. Temperatures tend to be warmer to the north on the Kapiti Coast. The city is also relatively windy, affected by gusts funnelled through Cook Strait.
Information sourced from https://www.live-work.immigration.govt.nz/