Wellington property market


PHOTO: ROSS GIBLIN/STUFF The Ian Cassels directed The Wellington Company will donate $10,000 to the Wellington City Mission whenever it sells a property over $800,000.

Millions of dollars from the Wellington property market could be diverted to assist the capitals’s most vulnerable residents.

The Wellington Company, directed by developer Ian Cassels, has pledged to donate $10,000 to the Wellington City Mission every time it sells a house or apartment for more than $800,000.

Cassels said the property market in Wellington was strong and it was “entirely appropriate” that those who had fallen on hard times should see some benefit from the situation.

More people in New Zealand were slipping through the cracks, he said, and those people and the people supporting them needed all the help they could get.


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