Explore the latest trends in Wellington’s property market, including median house prices, high-growth suburbs, and top investment opportunities for 2025.
As of March 2025, the median house price in Wellington is $800,000, a significant increase from $422,700 a decade earlier. This reflects an average annual growth rate of 6.59%, or approximately $37,730 per year. Oriental Bay, located in the Wellington City district, holds the title of the region’s most expensive suburb, with a median house price of $2,030,500 — which is 280% of Wellington’s overall median.
Glenside, located in the Wellington City district, is the least expensive suburb in Wellington with a median house price of $365,000. This means the median price in Wellington Central is just 60% of the overall median for Wellington.
Over the past 24 months (from March 2023 to March 2025), Southgate recorded the fastest annual house price growth in Wellington, increasing by 2% per year. In contrast, Featherston experienced the slowest growth, with house prices declining by 7% annually over the same period.
