Wellington, New Zealand
Property prices · 2026 · Oceania · Price +2.9% vs 2025
Property price trend in Wellington (2024–2026)
Property comparison — cities in New Zealand (2026)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Wellington |
|---|---|---|---|---|
| Wellington | NZD 10,486 | NZD 6,955 | NZD 2,033 | — |
| Auckland | NZD 13,375 | NZD 8,774 | NZD 2,354 | +27.6% |
| Christchurch | NZD 7,704 | NZD 5,136 | NZD 1,605 | -26.5% |
Other Oceania cities (2026)
Frequently asked questions
How much does property cost in Wellington in 2026?
In Wellington, the average price per sqm in the city centre is NZD 10,486, and NZD 6,955 outside the centre (2026 data). Prices have risen 7% since 2024.
How much is rent in Wellington in 2026?
A 1-bedroom apartment in Wellington rents for approximately NZD 2,033 per month in 2026. A 3-bedroom apartment costs around NZD 3,745/month.
Is it better to buy or rent in Wellington?
Buying and renting are roughly comparable in Wellington. The price-to-rent ratio is 20.0x — it would take approximately 20.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 6.80%.
What are mortgage rates in New Zealand in 2026?
The average mortgage rate in New Zealand is approximately 6.80% as of 2026. With a price-to-rent ratio of 20.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Wellington changed?
Property prices in Wellington have changed +2.9% vs 2025. Since 2024, prices have increased by 7%. Use the year tabs above to compare prices across years.
What is the price per sqm in Wellington?
The average property price per square metre in Wellington city centre is NZD 10,486 in 2026. Outside the centre, expect to pay around NZD 6,955/sqm.