Seatoun is Wellington’s priciest suburb with a median value of $1.93 million, according to research released by CoreLogic on Monday evening. (File photo)
Wellington’s suburbs have got pricier – now 54 of its suburbs have a median value of $1 million.
The increase in the region’s $1m suburbs was up from the 42 recorded last quarter and Seatoun was the priciest suburb at $1.93m, according to research released by property data provider CoreLogic on Monday.
Nearly every suburb in the country had price increases of more than 10 per cent over the past year – the areas which recorded the biggest increases in price were Manunui and Taumarunui in King Country, up 48.9 and 47.9 per cent to a median $306,950 and $315,550 respectively.
In Wellington, more than 70 suburbs were seeing dollar gains of $100,000 or more, while 20 of the region’s suburbs went beyond $300,000. Seatoun had a dollar gain above $400,000.