Area Update: Mt Wellington, Auckland | Ep. 85

In this episode, we discuss Mount Wellington, a suburb in Auckland's property market. Our belief is that Mount Wellington has a very strong property market and makes a good hunting ground for good quality investments. The median house price in Mount Wellington increased at a compounding rate of 8.35% between January 2000 and August 2018. And of the top 20 suburbs that grew the fastest over that period, Mount Wellington is the only suburb where the median house price is below $800K. This indicates that Mount Wellington properties will likely achieve superior capital growth, and yet they are still priced at a relatively affordable entry price point. We also discuss that Maungakiekie-Tamaki, the local board area in which Mount Wellington is located, is both a)  experiencing more rapid population growth than Auckland at large, and b) has the second-highest GDP of any Auckland local board area (2nd only to the Auckland CBD).