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31 Aug 2025 11:11
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  •   Home > News > Local Politics

    A property expert believes it's a good time to hold on to a property, as Wellington heads into local body elections later this year

    A property expert believes it's a good time to hold on to a property, as Wellington heads into local body elections later this year


    The latest Real Estate Institute House Price Index shows median prices in the capital are 25.6 percent below four years ago, and steadily falling.

    Tommy's Real Estate Agent Billy Bell says a local election and projected rates increases could test the capital's property market.

    He says the property market will come right - and when it does, it will be worth having a property.

    © 2025 Newstalk ZB, NZCity

     Other Local Politics News
     30 Aug: Hobson's Pledge is defending its decision to use Rotorua's Mayor in its campaign against Maori wards, without her permission
     28 Aug: Tipa Mahuta has been elected unopposed to Waikato Regional Council, following the death of respected local Maxine Moana-uwhangai -- the only other candidate in the Nga Hau e Wha Maori constituency
     25 Aug: Concern that internal issues among gang members in Levin is spilling out into the community
     21 Aug: Christchurch councillors are keen for the city to become the home of the national Erebus Memorial
     19 Aug: Auckland Mayor Wayne Brown is welcoming an overhaul of the Building Act
     18 Aug: Concerns are mounting among senior figures at Auckland Council over delays in appointing an investment manager
     11 Aug: Feedback is open on a new draft Traffic and Parking Bylaw for the Queenstown Lakes District
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