Wellington Real Estate Market Update October 2022

Wellington Real Estate results across sales and leasing are continuing to stay strong. In the last ¼ July-Sept 2022 our business alone has sold 68 properties and the opinion from consumers locally is that there is confidence even with media coverage outlining the economy forecast, our area for the most part has shown steadiness and positive returns with low days on market. Our position locally remains a shortage of stock houses available with buyers still looking.

The rental department has been extremely busy this year working together to ensure low # days on market and in cases achieving the outcome where properties are not required to be marketed for lease and have quality renters available. The team have taken many challenged and increased workloads in their stride, continuing on with additional training, reviewing the capital growth and ensuring properties rent is reviewed and adjusted accordingly, along with 130 new reforms and compliance over the last 2 years has been a project for the team to ensure all owners are informed of the requirements for their property to meet minimum standards and the correct course of action is taken. We appreciate the ongoing commitment to ensure your investment property is in good order.

“Source”: statistics below are sourced from the REIV, Realestate.com and Corelogic

Median Values October 2022

Sale