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MARKETBEAT: Wellington & Lower Hutt Residential - Summer 2017

Tags: Marketbeat Residential

The Wellington residential property market has been one of the country’s stand out performers over the last year with value gains outpacing those of all other region.


The Wellington residential property market has been one of the country’s stand out performers over the last year with value gains outpacing those of all other regions.

The value gains reflect the fact that market conditions within the region are the tightest in the country with inventory at historically low levels. The tight market conditions are being exacerbated due to the fact that the development sector has been slow to respond with Wellington City Council recently reporting a housing shortage estimated at approximately 3,600 units.

Read the full Marketbeat article here.

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