This disparity in growth rates among different suburbs in Wellington reflects the diverse real estate market in the region. Factors such as location, amenities, and demand all play a role in determining house prices. Seatoun's status as the most expensive suburb can be attributed to its desirable waterfront location and high-end properties, while Wellington Central's affordability may be due to its more central but less exclusive location. The significant increase in Wellington's median house price over the past decade highlights the overall growth and development of the city. As the capital of New Zealand, Wellington continues to attract residents and investors, driving up property prices across the region. Despite the varying growth rates among suburbs, the overall trend of increasing house prices in Wellington suggests a strong and stable real estate market. Whether looking to buy, sell, or invest in property, Wellington remains a desirable location with opportunities for growth and potential returns.



Given that Auckland is the largest city in New Zealand, there is a common inquiry among investors regarding the behavior of the Auckland market. The median sale price of a property in Auckland stands at $1,025,000 as of May 2024, according to REINZ. Over the past 12 months leading up to May 2024, Auckland property prices have seen a 1.37% increase, as reported by REINZ. Furthermore, between May 2004 and May 2024, Auckland property prices have shown an average annual increase of 5.62%, based on data from REINZ. Additionally, the average rent in Auckland was recorded at $660 in April 2024 by MBIE. It is worth noting that 30% of all properties in New Zealand are located in Auckland, according to Stats NZ.


Given these statistics, it is clear that the Auckland property market remains strong and continues to show steady growth over the years. With a high demand for housing in Auckland due to its status as the largest city in New Zealand and its popularity among both local and international investors, the market is expected to remain competitive in the foreseeable future. Investors looking to enter the Auckland property market should consider the long-term growth potential of the city, as well as factors such as population growth, infrastructure development, and economic stability. While property prices in Auckland may be higher compared to other regions in New Zealand, the potential for capital gains and rental income make it an attractive investment option for many. It is important for investors to conduct thorough research and seek advice from real estate professionals before making any investment decisions in the Auckland market. By staying informed and understanding the trends and dynamics of the market, investors can make well-informed decisions that align with their investment goals and risk tolerance.