Wellingtonians flee cities for affordable suburb

by Krizzel Canlas13 May 2019

More New Zealanders in Porirua, Upper Hutt and Wellington are considering moving to the Kāpiti Coast, according to real estate firm Tall Poppy.

Tall Poppy says that nearly half of all views of Kāpiti properties for sale coming are coming from outside of the district. It mentioned Trade Me data, which shows 8-15% of searches for property in Kāpiti were from Porirua, 17-24% from Wellington and 9-14% from the Hutt Valley.

These figures highlight the attractiveness of the district to the rest of the Wellington region, Kāpiti Tall Poppy salesperson Steph Bradley said.

“The ‘pro’s’ list for the ‘should we relocate to Kāpiti?’ question is already pretty stacked,” Bradly noted. “Many people are drawn to the climate, the lifestyle, the beaches, the village life and the vibe; while others feel it’s the smart choice due to Kāpiti’s accessibility to the northern cities for work travel.

“The promise of our new road eases one of the very few ‘cons’: the commute,” he said.

Bradley pointed to both Transmission Gully and the fact Wellington has Cook Strait as a natural southern boundary as what helps insulate Kāpiti from the extreme market changes that the larger cities experience.

Read more: Auckland prices may decline for the first time in a decade  

“This is a stable place to buy houses,” he said. “According to the REINZ, across the whole Wellington Region the median house price is up 5.1%, whereas, Kāpiti in isolation had an increase of 9.1% when compared with March 2018.”

As of April 19, homes.co.nz data suggests median house price in the Kapiti Coast District sits at $588,581, compared to Wellington City ($819,871), Porirua City ($607,105), and Upper Hutt ($561,849).

 

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