In February, the average asking price for houses in the capital hit $638,000, up 13.5 per cent or $75,000 on the same time last year. In February, the average asking price for houses in the capital hit $638,000, up 13.5 per cent or $75,000 on the same time last year. "While homeowners will be happy, those trying to get a foot on the first rung of the Wellington property ladder will be finding it that much harder." The average asking price rose 1.7 per cent year-on-year to $926,350. The national average asking price bounced back in February to reach $663,350, up 5.9 per cent on last year.

Source: Stuff March 24, 2019 20:03 UTC