- The “mini-boom” boosting Wellington regional house prices is neither.
There is nothing “mini” about a tidy but unspectacular 1920s three-bedroom Kilbirnie weatherboard selling for $562,000 – $102,000 more than RV. That’s actually crazy when you consider that a year ago similar homes in the same area were selling for about $20,000 over RV.
And how is this a boom? Who is better off – other than the banks and real estate agents?