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PHOTO: ANDREW GORRIE/STUFF Wellington’s property market is a squeeze for both renters and buyers.
It might be cool in the city this summer, but Wellington’s housing market is reaching boiling point.
Experts say on top of the traditional buying season, this year there are other factors adding pressure to the market: a rise in mum-and-dad investors buying property for children headed for university, halts on the capital gains tax prompting would-be buyers to jump back in the market, and Auckland investors turning their eyes to Wellington.
Pressures to find the right roof to go over your head will be worst in late-January to March, typically the busiest time in the property market.
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