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16 Aug 2022 15:25
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  •   Home > News > Politics

    Wellington's Mayor says he wonders if runaway housing prices may start slowing

    Wellington's Mayor says he wonders if runaway housing prices may start slowing


    Rating valuations have been released for the first time since 2018.

    In the past three years the average Wellington city house has gone up sixty-point-four percent ... to more than one-point-four million dollars.

    All the capital's suburb now average above one-million dollars ... and land values citywide have more than doubled

    Andy Foster says it's making it even harder to get on the property ladder.

    Foster says he's interested to see the effects of rising interests rates and lower migration on the market.

    © 2022 Newstalk ZB, NZCity

     Other Politics News
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     16 Aug: A suggestion Gaurav Sharma could be just the tip of the iceberg for the Labour Party's employment issues
     16 Aug: Earthquake strengthening may not be the disaster many Wellington building owners should be fearing
     15 Aug: The Prime Minister's denied being dismissive to Ukraine's leader
     15 Aug: Jacinda Ardern won't say whether more than two Labour Party employment matters are under scrutiny
     15 Aug: Uber generated 1.2-billion dollars in economic value for New Zealand last year
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    MPI officials are rejecting suggestions China's been banning New Zealand meat imports More...



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    Environment:
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