Wellington seems to be the biggest loser amid a huge rise in house prices

New OneRoof data shows prices in over 200 suburbs rose by more than 250-thousand-dollars since the first Covid lockdown.

The nationwide average value peaked at more than 300-thousand-dollars in February 2022, but subsequently fell by more than 150-thousand.

OneRoof editor Owen Vaughan says Wellington suburbs felt the slump more acutely.

He says Wellington spiked so much, and the markets' dynamics, as well as factors like public sector job losses, cost of living, and high interest rates have had a pull down effect.