Property market comparison · AI-modeled estimates
Modeled price per m² in Wellington is the same as in Melbourne.
Modeled gross rental yield in Wellington is 0.7 percentage points lower than in Melbourne.
Why compare these cities? Similar property markets
Approximately 2,572 km apart by straight-line distance.
| Metric |
Melbourne
Australia
|
Wellington
New Zealand
|
|---|---|---|
| Gross rental yield | 4.8% | 4.1% |
| Total modeled return (yield + growth) | 8.3% | 1.8% |
| Average property price | €600,000 | €350,000 |
| Average monthly rent | €2,400 | €1,150 |
| Price per m² | €4,800 | €4,800 |
| Population | 5,078,193 | 212,700 |
| Market data updated | 2026-11-06 | 2026-11-04 |
City-wide averages can reflect different property mixes. These estimates are not a like-for-like property valuation. See the methodology.