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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 48 investment properties found in Petone on realestateinvestar.co.nz

29 Queen St, Petone

$899,000

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SUN-SOAKED LIVING IN SOUGHT-AFTER QUEEN STREET

Nestled on one of Petone's most sought-after streets, 29 Queen Street offers a rare opportunity to secure a classic, much-loved home just moments from the beach, cafés and vibrant Jackson Street shopping. This delightful three-bedroom property blends charm with potential, making it ...

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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


16 Buick St, Petone

$1,145,000

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Timeless charm, modern living

This beautifully renovated early 1900's home has been given a new lease on life. The current owners carried out extensive renovations with every intention of making it their forever home and now it's time for someone new to enjoy what they've created. Lovingly restored with updates ...

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House

Wellington 5012


3E Manchester St, Petone

$319,000

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Sunny one bedroom in Petone

This extremely sunny one bedroom top north facing unit has a smart layout that works well. The living space is generous and open plan, which connects to a modern kitchen. The bedroom is a double and the laundry is combined with the bathroom. Being upstairs and the end unit means your outdoor ...

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Unit

Wellington 5012


2/25 Britannia St, Petone

$340,000

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Get on the ladder

Here is the best opportunity available for someone starting out wanting to get on the property ladder with a first home or investment property. Situated in Petone, only a short walk to Jackson Street and the beach. This freshly repainted unit also has new floor coverings. The ...

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Unit

Wellington 5012


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