Latest properties in Wellington

For several years, the robust Winelands market and estate development in the area were notably buoyed by upcountry buyers looking to relocate, but those sales have slowed considerably since 2017 and, although estate homes are still popular, buyer demographics have changed.

Until there is greater clarity on the prospects of a recovery in the local economy, the housing market, which remains resilient but is currently weighted in favour of buyers, is unlikely to enter another fully-fledged recovery.

A decade of corporate semigration and decentralisation fuelled the Winelands commercial sector, with increased demand boosting development, however, this has begun to taper off, precipitating a number of significant market shifts.