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MARKETBEAT: Kapiti Coast Residential - Summer 2017

Tags: Marketbeat Residential

Located around 40 km north of Wellington, the Kapiti Coast District stretches from Paekakariki in the south through Otaki in the north


Located around 40 km north of Wellington, the Kapiti Coast District stretches from Paekakariki in the south through Otaki in the north. Massive infrastructure spending on the regional road network, which includes the Kapiti expressway and Transmission gully, is having a significant impact upon the area. Journey times to Wellington’s CBD and airport will be reduced which is already increasing the appeal of the area to commuters.

The combination of the above along with a sharp uplift in regional values has seen median values in the area reach new high’s over recent months. At the close of 2016 the median sales value stood at $478,000 an increase of 23.8% over the December quarter 2015 figure of $386,250.

Read the full Marketbeat article here.

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