Investment Property in Wellington

Investment Real Estate in Wellington

Wellington property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Wellington .

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Search Map of Wellington Investment Real Estate

Wellington (Māori: Te Whanganui-a-Tara [tɛ ˈfaŋanʉi a taɾa]) is the capital city of New Zealand. It is located at the south-western tip of the North Island, between Cook Strait and the Remutaka Range. Wellington is the major population centre of the southern North Island, and is the administrative centre of the Wellington Region, which also includes the Kapiti Coast and the Wairarapa. It is the world’s southernmost capital of a sovereign state. Wellington features a temperate maritime climate, and is the world’s windiest city by average wind speed.

The position of Wellington as capital of New Zealand is not defined in legislation, but established by convention. Its metropolitan area, considered the greatest extent of Wellington itself, comprises four local authorities: Wellington City, on the peninsula between Cook Strait and Wellington Harbour, contains the central business district; Porirua on Porirua Harbour to the north is notable for its large Māori and Pacific Island communities; Lower Hutt and Upper Hutt are largely suburban areas to the northeast, together known as the Hutt Valley. The Wellington urban area, which only includes urbanised areas within Wellington City, has a population of 215,100 residents as of June 2020. The urban areas of the four local authorities have a combined population of 429,700 residents as of June 2020.

As the nation’s capital since 1865, the New Zealand Government and Parliament, the Supreme Court, and most of the public service are based in the city. Architectural sights include the Old Government Buildings—one of the largest wooden buildings in the world—as well as the iconic Beehive, the executive wing of Parliament Buildings. Wellington is also home to several of the largest and oldest cultural institutions in the nation, such the National Archives, the National Library, the Museum of New Zealand Te Papa Tongarewa, and numerous theatres. It plays host to many artistic and cultural organisations, including the New Zealand Symphony Orchestra and Royal New Zealand Ballet. One of the world’s most liveable cities, the 2016 Mercer Quality of Living Survey ranked Wellington 12th in the world, and was first in the world for both liveability and non-pollution by Deutsche Bank, from 2017–18.

Wellington’s economy is primarily service-based, with an emphasis on finance, business services, and government. It is the centre of New Zealand’s film and special effects industries, and increasingly a hub for information technology and innovation, with two public research universities. Wellington is one of New Zealand’s chief seaports and serves both domestic and international shipping. The city is served by Wellington International Airport, the third busiest airport in the country. Wellington’s transport network includes train and bus lines which reach as far as the Kapiti Coast and the Wairarapa, and ferries connect the city to the South Island.

Described by Lonely Planet in 2013 as “the coolest little capital in the world”, the global city has grown from a bustling Māori settlement, to a remote colonial outpost, and from there to an Australasian capital experiencing a “remarkable creative resurgence”.

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The financial stability of Wellington has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Wellington

Renting out your Wellington buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Wellington are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Wellington and be prepared to change your initial outlook.
Thoroughly research the Wellington location with a special emphasis on fringe areas outside the main Wellington metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Wellington.
Ensure that your target investment property in Wellington appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Wellington properties yourself is an easy option, but are these savings justifiable when you run into Wellington red tape? Physis Realty Wellington office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Wellington buy-to-rent sector.

With our expert guidance, investing in Wellington provides the secure knowledge that your money is working harder than it would in a local Wellington bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Wellington, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Wellington property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Wellington

Flipping property in Wellington

Flipping property is when we advise clients to buy a Wellington property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Wellington market has a time to react to the renovation.

The Flipping Strategy in Wellington

Investment property flipping in Wellington is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Wellington real estate investments are sometimes referred to by professionals as ‘distressed’ Wellington real estate.

What is distressed Wellington property:

Wellington property in need of renovation
Wellington real estate with a change of purpose and use
Oversold Wellington property
Bank repossessions in Wellington

Put simply, long term investors in Wellington purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Wellington investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Wellington property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Wellington use a minimum profit value of 22% when looking at potential Wellington projects. The reason for this is because there are lots that can go wrong in Wellington property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Wellington

For luxury property investors hoping to add a superb property in Wellington to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Wellington, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Wellington should be entrusted to only the highest-quality agency.

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