What vendors need to know in 2025
Wellington’s property market in 2025 presents a nuanced landscape. While the overall median house price has experienced a modest decline, certain suburbs are demonstrating resilience and even growth. For homeowners considering selling, understanding these local dynamics is crucial to making informed decisions.
Wellington City: Diverse Trends Across Suburbs
The average house value in Wellington City stands at approximately $882,876 as of May 2025, reflecting a 6.55% decrease over the past year. However, this average masks significant variation among individual suburbs.
- Southgate: This suburb has shown the fastest-growing house prices over the past two years, with an increase of 3.83%.
- Northland: Conversely, Northland has experienced a notable decline, with property values falling by 10.73% over the same period.
- Seatoun: Known for its scenic views and proximity to the city centre, Seatoun remains one of the most expensive suburbs, with an average house value of $1,693,050
- Wellington Central: Offers more affordable options, with an average house value of $430,900, making it accessible for a broader range of buyers.
Lower Hutt: Stability with Pockets of Growth
Lower Hutt's property market has shown relative stability, with some suburbs experiencing modest growth.
- Woburn: The most expensive suburb in Lower Hutt, with an average house value of $1,133,300.
- Taita: More affordable, with an average house value of $604,400, attracting first-home buyers.
- Wainuiomata: Has seen the fastest-growing house prices in Lower Hutt over the past two years, increasing by 1.03% annually.
Upper Hutt: Affordability Meets Opportunity
Upper Hutt offers more affordable housing options, with an average house value of $725,456 as of May 2025.
- Silverstream: Known for its family-friendly environment and good schools, maintaining steady demand.
- Trentham: Offers more affordable options, appealing to first-home buyers and investors.
Porirua: Mixed Performance Across Suburbs
Porirua's property market has experienced varied trends across its suburbs.
- Whitby: A sought-after suburb with quality homes and amenities, maintaining strong demand.
- Cannons Creek: Offers more affordable housing options, with potential for growth as development continues.
- Overall: Porirua's average house value stands at $767,059, reflecting a 1.61% annual decrease.
Key Takeaways for Sellers
- Understand Local Trends: Suburb-specific data is crucial. While some areas are experiencing growth, others are seeing declines.
- Presentation Matters: Well-presented homes in desirable suburbs are more likely to attract competitive offers.
- Pricing Strategy: Accurate pricing aligned with current market conditions is essential to attract serious buyers.
- Seek Professional Advice: Engaging with experienced real estate professionals can provide valuable insights and strategies tailored to your specific suburb.
References:
Update on the New Zealand Housing Market: July 2025
Can You Use a Mortgage for Renovations?
What First-Time Sellers Often Get Wrong
