Housing unaffordability in Te Whanganui-a-Tara Wellington

Wellington's housing market has become structurally unaffordable by global measures. Constrained topography, restrictive zoning, and strong demand from government-sector employment combine to limit supply while sustaining price pressure. The policy debate centres on supply liberalisation, demand management, and the seismic dimension unique to Wellington.

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Earthquake-prone residential building stock in Wellington

Wellington City has one of the highest concentrations of earthquake-prone buildings in New Zealand. Pre-1976 unreinforced masonry and concrete structures dominate the inner-city residential and commercial stock. Seismic retrofit obligations impose large costs on owners, slowing redevelopment and contributing to housing supply constraints.

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Rental affordability stress in Wellington

Wellington's rental market is characterised by low vacancy, high rent-to-income ratios for lower-income households, and limited security of tenure. Government-sector workers occupy a disproportionate share of the premium rental stock, squeezing lower-wage households into peripheral suburbs or into severe housing cost burden.

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Constrained residential land supply in Wellington

Wellington's usable residential land supply is severely restricted by topography, fault-zone setbacks, and planning rules. The combination produces a developable land premium that persists even after NPS-UD upzoning, and which fundamentally limits the supply response to demand.

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