The year that was

The year that was

PROPERTY INSIGHTS

Anji Foster from Lowe & Co reflects on 2025

The final month of the year is always a time to reflect on what has been achieved, and to set goals for what is to be achieved in the year ahead. Looking back on 2025 I feel really chuffed with what James and I have achieved as a team. At the time of this month’s edition of The Local going to print, James and I have had more listings in our suburb than any other real estate salespeople, and I wanted to take this opportunity to thank all of the wonderful local clients we have worked with this year with to get us to that position.

If we had our way, we would just sell in Mt Vic (don’t pass that on to our non Mt Vic clients J). Zero commute time, selling in a neighbourhood that we personally choose to call home and working with a community and on properties that we appreciate. It doesn’t get much better than that.

We have loved the opportunity to support so many of our wonderful local businesses this year through giveaways and competitions, and as of September 2025 we are now also donating to Clyde Quay School upon every local sale that our team achieves. In 2026 we will continue to look for ways that we can give back to a community that has shown us incredible support this year.

Looking to 2026 it would be great to see some more confidence come into the Wellington property market. Prices have declined further this year, with the median value in Mount Victoria dropping 17.4% in the past twelve months. Looking on the bright side, there was 0% change in the past month, so have we perhaps hit the bottom?

There have been 74 sales in our neighbourhood in the past twelve months totaling $82.97m. Homes are currently selling slower than last year at 45 days on the market, compared to 32 days 12 months ago, which clearly demonstrates the lack of confidence we have been seeing from both buyers and sellers.

This article is being written a few days before the 26 November OCR announcement, but the general feeling seems to be that a further cut is coming. Interest rates falling is certainly a common pre cursor to the market stabilizing, and with the apparent brakes now on further price falls, this could make for an interesting start to the year. We have several fantastic local listings coming to the market 13 January, so I’m looking forward to testing the market mood early on.

I look forward to keeping Mt Vic locals up to date with stats and what we are seeing at the coal face through 2026, and hope that this information is helpful for local buyers and sellers. For anyone who wants to talk about the Mt Vic market, whether you are thinking of buying or selling in the New Year I would love to hear from you.

Wishing the Mount Victoria community a wonderful end of the year and the very best of New Years!

Source: REINZ Suburb Report November 2025