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RNZ The Government will announce initiatives designed to cool the property market and help first home buyers. (First published February 2, 2021) Wellington’s house prices have continued to skyrocket, with first-home buyers struggling more than ever to “crack a property”. New data from the Real Estate Institute of New Zealand shows the median house price in Wellington city is up 35 per cent for the year ended February 2021, reaching $1.1 million. Porirua saw an even bigger increase, with median prices rising by more more than a quarter of million dollars ($273,000) to $980,000 in just one month. ROSA WOODS/Stuff House prices keep rising in Wellington.

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