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Here is another interesting Wellington real estate related news article that we thought may provide you with helpful information.
Report from QV Valuations
The latest monthly QV House Price Index shows nationwide residential property values for February increased 6.5% over the past year and 1.2% over the past three months. Values across the Wellington region rose 8.6% in the year to February and 3.1% over the past quarter and the average value is now $640,737.
Wellington City increased by 7.6% year on year and 1.9% over the past three months and is the average value there is now $764,020.
Values in Upper Hutt rose 8.5% year on year and 1.0% over the past three months; Lower Hutt rose 7.7% year on year and 0.5% over the past quarter.
Porirua rose 9.6% year on year and 2.1% over the past quarter.
Kapiti Coast saw the greatest annual increase in the region with values there rising 13.9% year on year and 1.5% over the past three months.
QV Wellington Senior Consultant, David Cornford said, “The Wellington market is still seeing plenty of activity although the rate of value growth has slowed a bit.”
“There is a lack of supply in the market particularly in Wellington City itself and Porirua, which is keeping prices up for those properties that are selling on the market.”
Continue reading this article at the original source from Scoop Wellington
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