Wellington house values have stayed steady for the last three years, while Auckland's median price surges ahead, a report released today found.
Figures released by Quotable Value show the average price buyers will need to fork out to own property in Wellington is $550,000 - up by just 0.7 per cent since 2009.
The capital's average house price is higher than Auckland's - $515,000 - even though prices in Auckland jumped by 1.9 per cent from August to September this year.
However, Wellington Operations manager David Nagel said the average house price in Auckland included all parts of the city, including south Auckland, whereas Wellington prices did not take in greater Wellington, such as Porirua and the Hutt Valley, which had pockets of lower socio economic areas.
He said most of the country's house prices had also remained stagnant, but Auckland and Christchurch were pushing the average prices up.