Average asking price for Wellington houses up 11.7% in a year

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Here is another interesting Wellington real estate related news article that we thought may provide you with helpful information.


 

Press Release – Trade Me Property
Homeowners in Wellington continue to have plenty of reasons to smile after the average asking price in the region rose 11.7 per cent on last year to a new high of $548,500.

“While Auckland has stalled in recent months, the capital’s property market has been surging ahead. It’s very common to see the bubble from a large property market spread – first it was the halo regions of Northland, Waikato and the Bay of Plenty and now Wellington looks to be the next cab off the rank. We’ve seen consistently strong growth and the market isn’t showing any signs of slowing, said Head of Trade Me Property Nigel Jeffries.

“It’s a great time to sell your house and a tough time for first home buyers. We are seeing plenty of demand from buyers in the region, and from a seller’s perspective there’s not too much competition. That sort of equation means that sellers should hope for top dollar for their properties and buyers are going to have to dig deep to get that place they want.”

“The staggering cost of large houses (5+ bedrooms) in………

Continue reading this article at the original source from Scoop Wellington

 

 

 

 

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2017-11-22T15:13:38+00:00