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Investment Property Petone, Wellington

Suburb Snapshot

Petone is a suburb in the Lower Hutt Region of Wellington. Petone has a population of 6,690 people and 41.28% of its occupants live in rental accommodation. The median listing price for houses is $849,000 and this has changed -2.08% over the past year and changed -5.25% over 2 years.

The median rent in Petone for houses is $720 per week and the median rental yield is 4.41%. Stock on the market for houses/townhouses has changed NA compared to last year and the average time to sell a house/townhouse is 79 days.The median listing price for units is $614,500 and this has changed 0.82% over the past year. The average unit takes 106 days to sell and the median rent for a unit in Petone is $530 per week, producing a rental yield of 4.48%.

Supply & Demand in Petone, Lower Hutt

97,845

Population


31.27%

Rental population


467,926

Population


32.69%

Rental population


This is information is brought to you by realestateinvestar.co.nz - The online home for property investors

Statistical data for Petone, Lower Hutt

  House Townhouses Units
Median listing price $849,000 $700,000 $614,500
Median price change - last quarter -0.24% -6.54% 1.84%
Median price change - 1 year -2.08% 0.82% 0.82%
Median price change - 2 years -5.25% -6.24% 2.44%
  House Townhouses Units
Median weekly rent $720 $695 $530
Median yield % 4.41% 5.16% 4.48%
Median rent change - 1 year -1.37% -0.71% 1.92%
  House Units
Average days on market 79 106

Petone investment property listings

Showing 5 of 56 investment properties found in Petone on realestateinvestar.co.nz

2/46 Cuba St, Petone

$1,029,000

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3 bedroom, single garage and water views

Construction is well underway with tentative completion date of May this year! A boutique collection of just seven thoughtfully designed homes in the heart of Petone, Lola Cuba offers elevated living just moments from the beach, Jackson Street's vibrant shops, cafés, and ...

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House

Wellington 5012


123 Nelson St, Petone

$725,000

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A Petone Classic, Close to It All

If you love homes full of character and history, this 2-bedroom Petone villa is a lovely example of early 1900s design. Set behind a classic picket fence, it's full of period charm with high ceilings, timber detailing, and a master bedroom and hall with original stained glass, all blended ...

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House

Wellington 5012


46 Cuba St, Petone

$739,000

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Lola Cuba, Free $35k Furniture Package included!

Construction is well underway with tentative completion date of May this year! A boutique collection of just seven thoughtfully designed homes in the heart of Petone, Lola Cuba offers elevated living just moments from the beach, Jackson Street's vibrant shops, cafés, and ...

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Townhouse

Wellington 5012


29 Queen St, Petone

$790,000

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MUST BE SOLD - OWNER HAS BOUGHT ELSEWHERE!

Act fast – the owner is on the move and needs this beloved Petone home sold! As a result the price has been reduced significantly! Situated on one of the area's most desirable streets, this classic three-bedroom charmer offers a rare chance to step into the sought-after Petone ...

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House

Wellington 5012


47 Te Ara O Paetutu, Petone

$645,000

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Easy living in a great location

Situated within the Te Ara O Paetutu estate this beautifully presented home has the added bonus of a private sunny back area with a sneaky peak of the golf course. The open plan living has a feeling of spaciousness with a high stud and large sliding doors offering excellent ...

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Townhouse

Wellington 5012


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