The Wellington inner-city accommodation market – and the market for inner-city apartments in particular – is one that is continuing to remain strong. This report provides a brief overview of how this market fits into the Wellington residential property market, how it is currently performing in the face of various economic pressures, and how The Watermark is placed within it.
[more...]What determines whether or not an apartment is a “quality” apartment or a “not-so-quality” apartment?
Is it the location of the building or the views of the apartment? Is it the grandeur of the design or the designer name of the fittings? You can look at all of those things. But you can (and, dare we suggest, should) also look at other things. Much less obvious things.
[more...]By Richard Adams, Sales Director The Watermark
People often ask “Is Wellington a good place to buy real estate” History would suggest that it is.. Wellington has had a steady and consistent growth rate for the last 41 years. The statistics go back to 1966 and if we look at the growth in median house sale prices for Wellington city since they began keeping such records, some interesting trends emerge. Of primary interest is that the market keeps going up in steady, stable manner. Notice that the term is steady and stable - not spectacular. The average growth rate is 10.1% per annum.
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