People may not be getting value for money in Wellington's housing market

New figures from One Roof show the nationwide median property value has increased 21-percent a year -- to hit a record high 791-thousand dollars.

Wellington Region's value has increased by 27-percent -- to 902-thousand dollars.

One Roof editor Owen Vaughan says the median price in Wellington City has increased 77 percent in five years -- an increase that may not be justified.

He says there's been no improvements to the quality of the homes, such as makeovers or extra bedrooms.