Defiant Wellington values keep rising
According to the October CoreLogic QV House Price Index, property values in Wellington City grew by 3.9% over the last three months, leaving the city’s average value at $809,739.
This takes the annual rate of capital gain in the city to 9.6% and is similar to the rebound seen last spring, when the annual rate was a slightly higher 10.0%.
CoreLogic research analyst Kelvin Davidson says the pick-up in Wellington city’s growth is particularly obvious when compared to the continued slowdown in other parts of the wider region, like Lower Hutt.
“Yet you’d be forgiven for thinking that Wellington’s growth should be slowing not accelerating – given values have already risen by more than 45%, or $256,000, in the past three years.”
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
