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Wellington's $2 million suburbs: Exclusive parts of the city see big valuation jump

Wellington is trying to prepare for a projected population explosion, in a city desperately short of housing.
Wellington now has two $2 million suburbs, as property valuations in exclusive parts of the city jump significantly – bucking a national trend which has seen affordable” homes attract the largest growth in capital gains in the past few months.
The average house in the seaside suburb of Oriental Bay/Roseneath is worth $2,190,324 and properties in Seatoun are valued at about $2,054,674, the latest analysis from Quotable Value (QV) shows.
Oriental Bay/Roseneath became part of the $2m club at the end of the March quarter, and Seatoun caught up in the past month. ....

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Two Wellington suburbs have cracked the two-million dollar mark - 06-May-2021

Seatoun and Roseneath are now two-million dollar suburbs
Seatoun and Roseneath are now two-million dollar suburbs
6 May 2021
QV figures show the two Wellington suburbs are the first in the capital to record average property values of more than two-million dollars.
Area manger Paul McCorry says Wellington is unique with the upper end of the housing market actually out-performing the entry-level suburbs.
Although he s questioned whether there even is an entry level in Wellington city anymore, given the average value in the lower quartile is approaching 900-thousand dollars.
And previously affordable areas to the north of Wellington city - such as Tawa, Johnsonville and Churton Park - have recently passed the one million dollar mark. ....

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Welcome to The Mould Awards, Wellington's gala night for property investors

THE DETAIL/RNZ
One of the effects is sending investors out of the market which reduces supply and “actually makes the problem worse rather than makes it better,” Brad Olsen tells Emile Donovan in today’s Detail episode.
OPINION: Wellington’s glitterati were out in force on Saturday night for one of the most glamorous events of the year – the booming rental property industry’s excellence awards ceremony, the Wellington Mould Awards.
Some attendees grumbled that tickets were 30 per cent more expensive than last year, but organisers said the rise was entirely justified and, if they didn’t like it, they could go somewhere else. ....

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Wellingtonians urged to check dashcams, CCTV as police look for man in relation to woman's murder

Wellingtonians urged to check dashcams, CCTV as police look for man in relation to woman s murder
Newshub
4 hrs ago
© Getty
A woman s body was found in a council-funded apartment block on Saturday.
Wellington police are trying to piece together the timeline of events which culminated in the suspected murder of a woman in a Mt Cook apartment block.
The woman s body was found in the Wellington City Council-funded apartments on Brooklyn Rd on Saturday evening - a 42-year-old man was taken into custody the same evening and charged with her murder.
Now, police are asking the public for sightings of a man aged between 30 and 40, dressed in a black t-shirt, black trousers and a beanie. ....

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Wellington.scoop.co.nz » Wellington murder – police ask for sightings of man in t-shirt

News from NZ Police
Wellington Police investigating the death of a woman in Mt Cook on 24 April are appealing to the public for information which may assist.
“The investigation team is continuing to build a timeline of events,” says Detective Sergeant James Stewart.
“As part of this we are seeking sightings of a man aged in his 30s-40s, wearing a black t-shirt, black trousers, and a beanie.”
“We believe this man was on foot by himself between 6pm on 24 April and 12.30am on 25 April.
“He moved between The Terrace and the Glenmore Street / Upland Road area in Kelburn during this time.” ....

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