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5 Jul 2025 2:44
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      Home > News > Business

    Wellington city's property market's running hot, with a sharp rise in sales

    Wellington city's property market's running hot, with a sharp rise in sales


    Real Estate Institute figures reveal sales rose 10.8 percent annually in November.

    In Wellington city, the figure was up 52 percent year on year - and 42 percent compared to October.

    OneRoof Editor Owen Vaughan says falling house prices played a part.

    He says property prices have fallen seven to 10 percent year on year.

    © 2025 Newstalk ZB, NZCity

     Other Business News
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     04 Jul: The Prime Minister's placed the blame for the loss of a multi-million dollar satellite, squarely at the feet of the previous government
     04 Jul: Wage growth in the public sector is expected to slow down this quarter
     03 Jul: Consumer spending's continuing to pick up
     03 Jul: Housing prices are up for the first time in three months, but turnaround hopes may be premature
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