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

24 Tory St, Petone

$845,000

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Charming Villa Near Amenities

Petone is a great area, and 24 Tory Street is in a convenient location near the shopping area and a short walk from the sea. Friendly neighbourhood; it's great! Nice wide streets. The house gets all-day sun and has a lovely back garden - lawn, lemon tree, and vegetable beds. The double ...

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House

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


13 Richmond St, Petone

$839,000

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Great buying in Petone

Nestled on the sun-drenched, west-facing side of Richmond Street, this delightful, eye-catching 1900s villa, with veranda and classic sash windows, offers the perfect blend of character and comfort. Just a short stroll from the beach and the vibrant Jackson Street, you'll enjoy the best of Petone ...

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House

Wellington 5012


32A Tennyson St, Petone

$669,000

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DELIGHTFUL AND COSY WITH GARAGE

Nestled in charming Petone, we are delighted to present an opportunity for homebuyers seeking modern comfort and convenience. This beautifully renovated two-bedroom home is an ideal sanctuary for young professionals, couples, or those looking to downsize without compromising on quality. With its ...

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House

Wellington 5012


68 William St, Petone

$1,169,000

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Character Villa - Sought After Petone

Owners instructions are clear - 'we have an offer on our dream home and this must sell!' Don't hesitate, if you want to be in Petone then this has to be the one! * 163sqm approx, 4 double bedrooms, 2 bathrooms including ensuite * Open plan dining with modern kitchen, high end ...

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Wellington 5012


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