What is the rich suburb of Wellington?

The rich suburb of Wellington, identified by its high average house value, is Seatoun.

Seatoun stands out as Wellington's most expensive suburb, reflecting its desirability and premium property market. Its average house value significantly surpasses other areas, making it a prime location for those seeking affluent living within the city.

Key Facts on Wellington Suburbs

Wellington's property market showcases a wide range of values, from highly sought-after areas like Seatoun to more accessible options. Understanding these differences provides insight into the city's housing landscape.

• Seatoun's Value: As Wellington's most expensive suburb, Seatoun boasts an average house value of $1,723,550. This figure highlights its status as a top-tier residential area.
• Wellington Central's Affordability: In contrast, Wellington Central is noted as the most affordable suburb, with an average house value of $447,750. This vast difference underscores the varied housing opportunities available across the city.
• Property Market Trends: Over the 24 months leading up to June 2024, Paparangi experienced the slowest-falling house prices among all Wellington City suburbs, indicating a degree of resilience in its property values during that period.

Suburb Value Comparison

To better illustrate the disparity in property values, here's a comparison of the suburbs mentioned:

These figures provide a clear picture of the diverse economic landscapes within Wellington City's suburbs, with Seatoun leading as the prominent rich suburb.