Brand New 2-Bedroom Wellington CBD Apartment, Foreign Buyer Eligible, 5.2% Gross Yield

A high-specification 2-bedroom apartment in a brand new Wellington CBD development, positioned for APAC investors seeking a turnkey rental asset in New Zealand’s largest and most liquid property market.

This apartment qualifies as Foreign Buyer Eligible under New Zealand’s Overseas Investment Act new build exemption, one of a limited category of NZ residential properties accessible to overseas buyers without OIA consent. For Singapore, Hong Kong, and Malaysian investors navigating NZ’s foreign buyer framework, Foreign Buyer Eligible status is the starting point for any serious enquiry.

The investment case is straightforward. Wellington’s CBD rental market is structurally undersupplied against sustained population growth, with vacancy rates consistently below 2% in the 2-bedroom apartment segment. At NZD $685 estimated weekly rent, this unit delivers approximately 5.2% gross yield at the asking price, above the Auckland CBD average for comparable new build stock.

The apartment itself is finished to a level that commands premium rental rates and attracts long-term tenants: engineered timber flooring throughout, floor-to-ceiling glazing, a full European kitchen with integrated appliances, and a secure basement car park, a genuine Wellington CBD scarcity. The building includes a rooftop terrace, gym, and 24-hour concierge.

For the APAC investor, this is a low-management, high-quality entry into the Auckland market, a city with English-language legal infrastructure, stable rule of law, and a property market that has consistently delivered capital growth over a 30-year horizon. The new build exemption means no OIA process, no extended legal timeline, and no uncertainty about eligibility.

Mandarin-language enquiries welcome. Contact David Liang directly.

📌 Sample Listing: This property is a sample listing created to demonstrate how Foreign Buyer Eligible Wellington CBD apartments are showcased on AsetraX. Pricing, yield, and agent details are illustrative only. AsetraX is currently in beta. Enquire About Listing Your Property →