Is Wellington the best place to live in the world?
That’s probably not a question you’ve ever asked, but a recent Deutsche Bank study of 47 leading global cities did just that – and the answer may surprise you. The study looked at a range of different factors including cost of living, pollution, climate and house prices and included the likes of Edinburgh, Melbourne, and Copenhagen.
All considered, Wellington emerged as the best city in the world to live. Aucklanders will throw their hands up in disbelief as the City of Sails is a mainstay at the top of such lists, but it’s possible that housing unaffordability has dethroned the city, making way for the capital.
Regardless, we thought we’d take a closer look at what exactly makes Wellington so special, and what the property market’s doing for those considering a move.
The Windy City’s allure
Is Wellington the world’s most liveable city?
Spend a few days in Wellington and you’ll get a good grip on why Lonely Planet called it the world’s coolest little capital. It’s brimming with culture, community and creativity, not to mention the beautiful nature that can be found just minutes from the city centre.
The city’s website also makes the bold claim that there’s more restaurants, cafes and bars per capita in Wellington than New York. This makes for a vibrant food and drink culture, with humming cafes on every corner and local eateries serving diverse, world class cuisine. For those who like a well-made ale, this is the place to be. Some of the country’s best breweries call Wellington home and good beer can be found on tap in just about every restaurant.
There’s so much culture to be found here too, making it clear why Wellington is called New Zealand’s creative city. From art galleries showcasing local work, to street festivals celebrating everything the city has to offer, there’s so much to see here.
When it’s time to do some work you’re in good company too. Wellington has the best educated workforce in the country, and is home to several innovative companies, from Weta Digital to Xero. It’s also incredibly safe for families and we’ve head from locals that it’s not windy every day of the year (just most).
Wellington’s property prices
QV has the average property value in the city at only $602,230. Compared to Auckland’s average of $1,043,830, that’s small change.
We’ve established that Wellington’s a great place to live, and surely that means that it’s expensive to buy property here right? Wrong. QV has the average property value in the city at only $602,230. Compared to Auckland’s $1,043,830, that’s small change.
It’s also possible to find property in the area for considerably less if you’re looking for an affordable option. Units can be bought at under $500,000, and houses can too if you sacrifice a little on size and location. Unlike the country’s most populous city, that means buying a reasonable home is still very much possible even for first home buyers.
If you do buy, it’s likely that your property will quickly gain in value if last year’s numbers are anything to go by. Over 2016, QV’s data shows that the average property value in the city increased by a whopping 21.2 per cent.
New Zealand’s capital has so much to offer, so it’s no wonder people around the world are recognising it as a brilliant place to live. Thanks to the affordability of its property market, anyone can call the city home.