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54 of Wellington's suburbs now having a median housing value of $1 million / Photo: Mark Mitchell

Economist: New stats show Wellington housing even further out of reach for many

Publish Date: Tue, 28 Sep 2021, 1:58PM

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.

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