Wealthy suburbs come second to Featherston and Cannons CReek
Homes in once unfancied areas have become objects of desire as hard-pressed buyers throw off the shackles of prestige.
CoreLogic figures show prices in Featherston had the most dramatic change over the last five years to October - increasing 132 per cent, from $199,750 to $463,750. Cannons Creek, and Wainuiomata were the next biggest movers with increases of 128 and 126 per cent, respectively.
There is, however, not such good news for home owners in some of Wellington's more traditionally wealthy suburbs.
Over the last five years properties in 13 areas around the Wellington Region have more than doubled in value – only two of those places had a median property value in excess of $300,000 in 2015. None were in Wellington City.
Lowest five median price increases (percentage) in the Wellington region over the last five years
Wellington Central
Price in October 2015: $319,500
Price in October 2020: $464,500
Change: 45 per cent
Eastbourne
Price in October 2015: $661,950
Price in October 2020: $994,300
Change: 50 per cent
Kelburn
Price in October 2015: $873,200
Price in October 2020: $1,312,250
Change: 50 per cent
Karaka Bays
Price in October 2015: $939,650
Price in October 2020: $1,419,150
Change: 51 per cent
Seatoun
Price in October 2015: $980,700
Price in October 2020: $1,498,800
Change: 53 per cent
Poll: Do you set New Year’s resolutions?
🎉 2026 is almost here!
We’re curious ... how do you welcome it?
Do you set resolutions, follow special traditions, or just go with the flow?
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10.6% Yes! New Year, New Me
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21% Yes - but I rarely stick to them
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68.4% Nah - not for me
Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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78.8% Yes! It's better to regift what I don't need
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21.2% No. It's the thought and effort that matters
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