Wellington Northern expressway sparks Wellington buyers’ interest in Levin
[Via Manawatu Standard] Levin house sales are up 71 per cent from October 2014 as the Wellington Northern expressway sparks Wellington buyers’ interest. Real Estate Institute of New Zealand (REINZ) statistics showed 48 houses sold in October 2016, up significantly from the 28 houses sold in October 2014. Compared to October 2015, there had been a…
Wellington falling short of target to build 7000 homes in 5 years
[Via Stuff] Wellington has admitted it cannot build new homes fast enough to solve its current housing shortage and take the sting out of its rapidly-heating property market. Less than two years into a five-year plan with the Government to build 7000 new homes in the capital, the city council has admitted it will never achieve…
Wellington average house prices almost hit $600,000
[Via Stuff] House prices in Wellington have shot up nearly 10 per cent over the past year as fringe suburbs become increasingly sought after among first-home buyers. Quotable Value’s house price index, published on Wednesday, shows values in Wellington suburbs increased 3.4 per cent over the past three months and 9.9 per cent over the past…