Brad Olsen: Economist says Wellington seems to have become a millionaire's paradise
Early Edition with Ryan Bridge · Newstalk ZB
November 30, 20213m 50s
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
House values continue to rise out of reach of many young Wellingtonians.
The latest rating valuation has been released by QV.
Over the past three years, the average home value across Wellington city has increased 60.4 per cent to sit now at more than $1.4 million.
All of the capital's suburbs now have an average value above $1 million and land value across the city has increased to more than $980,000.
Infometrics principal economist Brad Olsen told Kate Hawkesby Wellington seems to have become a millionaire's paradise.
“I think the challenge that we’re seeing going forward is that still now getting into a house in Wellington, it seems to be a fair way away for a number of particularly young people.”
LISTEN ABOVE
The latest rating valuation has been released by QV.
Over the past three years, the average home value across Wellington city has increased 60.4 per cent to sit now at more than $1.4 million.
All of the capital's suburbs now have an average value above $1 million and land value across the city has increased to more than $980,000.
Infometrics principal economist Brad Olsen told Kate Hawkesby Wellington seems to have become a millionaire's paradise.
“I think the challenge that we’re seeing going forward is that still now getting into a house in Wellington, it seems to be a fair way away for a number of particularly young people.”
LISTEN ABOVE
See omnystudio.com/listener for privacy information.