Wellington houses hit $1 million mark
Do you think your house is worth $1 million?
Property values in Wellington city have exceeded the $1 million mark and the rest of the region isn’t too far behind.
Housing prices have soared since the Covid-19 pandemic and the country's housing crisis continues to see people, especially first home buyers, being crowded out of the opportunity to purchase a home.
The latest data, released on Wednesday morning by property data provider CoreLogic, shows Wellington’s housing market continues to set jaw-dropping new records with the region seeing the greatest rate of growth.
CoreLogic’s House Price Index found Wellington city’s average current value had reached $1,012,163. In the city’s western suburbs that rose to $1,160,087.
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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60% Yes, supporting people is important!
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25.7% No, individuals should take responsibility
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14.3% ... It is complicated
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Wild weather in Wellington
Wellington’s wild weather is really making itself known — trains and flights are being cancelled, and drivers are being reminded to take it slow and stay safe out there.
Want to stay in the loop and see what’s happening next? The Post has all the latest updates to keep you covered.
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