Average Wellington house price falls

New property valuations for Wellington City show the average house price has fallen 3.5 per cent to $538,000, with section values falling 4.4 per cent to $258,000.

The last time values were calculated was in September 2007.

The Wellington City Council is warning the drop in valuations will not necessarily mean a drop in rates.

To see the full NZ Herald article click here

Posted: 29 Oct 2009

News articles