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New Zealand launch
Te Aro
Wellington · WLG-TEARO · apartment
Median price
$850K
Median rent
$595/wk
Gross yield
3.64%
Price / income
8.9×
Demand vs supply (DSR)
66.2/100 · demand outweighs supply
Demand index 0.842 vs supply index 0.43 (DSR proxy 51.1; lower is tighter). 50 is theoretical balance.
turnover norm1
search norm0.74
sell speed norm0.629
absorption norm1
inventory overhang norm0.317
consents pipeline norm0.692
days to sell supply norm0.229
Framework rules
Demand vs supply (DSR)pass
Tighter demand/supply (higher score) precedes capital growth; below 40 signals oversupply.
Gross rental yieldwarn
NZ investor yield floor; below ~2.5% gross is a low-yield/high-price trap.
3-year growth momentumveto
Sustained recent growth confirms the market is trending, not stalling.
Days to sell (absorption)pass
Fast median days-to-sell shows demand is clearing stock; >55 days is a buyer's market.
Consent supply riskwarn
High building consents vs existing stock floods future supply and caps growth.
Search-interest demandpass
Buyer search intensity is a leading demand pulse.
Affordability (price-to-income)pass
Lower price-to-income leaves headroom for owner-occupier-driven growth.
Income outpacing regionpass
Local incomes rising faster than the regional average pull buyer budgets (and prices) up; falling behind the region is a structural drag.
Government infrastructure pipelinepass
Committed government infrastructure (transport, health, education) seeds jobs, access and amenity that precede sustained price growth.
Job diversificationpass
A diversified local economy creates resilient, varied job opportunities; single-industry towns carry concentration risk that caps demand.
Price: HUD DVR · Wellington City (Territorial Authority) · 2026-03-01 · Rent: tenancy_market_rent_api · Consents: curated_seed · 10/10 rules with data