With 54 of Wellington's suburbs now having a median value of $1 million, the housing market has become "fiercely competitive" - and first-time buyers have little hope.
The latest CoreLogic data has revealed there are now 54 $1 million-plus suburbs in the Greater Wellington region – up from 42 recorded in the last quarter.
Seatoun is the region's priciest suburb with a median value of $1.93 million.
Infometrics senior economist and director Brad Olsen joined Nick Mills on Wellington Mornings.
READ MORE HERE