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31 Jul 2025 18:03
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  •   Home > News > Local Politics

    A property expert believes it's a good time to hold on to a property, as Wellington heads into local body elections later this year

    A property expert believes it's a good time to hold on to a property, as Wellington heads into local body elections later this year


    The latest Real Estate Institute House Price Index shows median prices in the capital are 25.6 percent below four years ago, and steadily falling.

    Tommy's Real Estate Agent Billy Bell says a local election and projected rates increases could test the capital's property market.

    He says the property market will come right - and when it does, it will be worth having a property.

    © 2025 Newstalk ZB, NZCity

     Other Local Politics News
     31 Jul: Former Christchurch City Councillor and former Newstalk ZB host James Daniels is quitting his run for a seat at the council table
     29 Jul: Auckland mayoral chief of staff, Jazz Singh, has quit today
     23 Jul: Video's emerged of an Auckland Councillor discussing a sexual rumour about Wellington's Mayor in a council meeting
     17 Jul: Calls for more cash to go towards promoting local elections - to cure low voter turnout
     12 Jul: Farms and orchards in the Nelson Tasman region have been carved up by floodwaters following severe weather
     11 Jul: Belief more international routes are on the way for Christchurch
     09 Jul: The Hamilton Mayor's not bothered by the French rugby team's decision to stay outside the city, in the lead-up to their test against the All Blacks
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