PROPERTY MARKET

WELLINGTON

+$44pw

12 MONTH RENTAL TREND

55

DAYS TO SELL

+1.2%

12 MONTH PRICE TREND

$895,000

MEDIAN PRICE

WELLINGTON

Population: 419,000 (2021)

Forecast Population: 423,800 (2028) and 449,100 (2038) source Statistics New Zealand

$ Medium Price: $895,200 (Source REINZ May 22)

12 Month Pricing Trend: +1.2% (Source REINZ May 22)

12 Month Rent Trend: +$44 p/w (3 brm)

Tertiary Education:
University of Victoria, Massey University Wellington Campus, Otago University Medical School, Wellington Institute of Technology, Wellington Open Polytechnic.

Industries:
Film & Media, Government Sector, Tertiary Education, Logistics and Freight and I.T.

Wellington is made up of several distinct markets; The inner city and CBD apartment market, West Wellington is popular with owner/ occupiers with low investor yields; South Wellington is popular as it is coastal with many beaches, popular with tenants; North Wellington including Johnsonville and Tawa – this is slightly further out with high demand for first home buyers and tenants.

There is genuine growth and potential here with a stable and secure environment, strong employment, and good income levels. Wellington is a robust investment contender due to its resilience across all economies regardless of the wider NZ economy.