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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 $847,000 and this has changed -1.17% over the past year and changed -7.85% over 2 years.

The median rent in Petone for houses is $725 per week and the median rental yield is 4.45%. 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 3.71% over the past year. The average unit takes 114 days to sell and the median rent for a unit in Petone is $525 per week, producing a rental yield of 4.44%.

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 $847,000 $699,000 $614,500
Median price change - last quarter -0.24% -6.54% 1.84%
Median price change - 1 year -1.17% 3.71% 3.71%
Median price change - 2 years -7.85% -8.28% -0.42%
  House Townhouses Units
Median weekly rent $725 $700 $525
Median yield % 4.45% 5.21% 4.44%
Median rent change - 1 year -0.68% 0.00% 0.96%
  House Units
Average days on market 79 114

Petone investment property listings

Showing 5 of 48 investment properties found in Petone on realestateinvestar.co.nz

55 Britannia St, Petone

$650,000

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FROM $650K - WELCOME TO 55 BRITANNIA ST, PETONE

Introducing Britannia Villas – a boutique development by Urban Plus Limited, featuring 12 brand new, freehold homes in the heart of vibrant Petone. Each home offers three bedrooms and a smart, modern layout in a location that truly has it all. Step inside to find a light-filled, open ...

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Townhouse

Wellington 5012


4 Bracken St, Petone

$975,000

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TIMELESS CHARACTER WITH ENDLESS POTENTIAL

It's not often you come across a gem like this - your opportunity awaits! If you love the charm of timber doors, paneled hallway leadlight windows and wide skirting boards, then this home is calling your name. Nestled in a sought-after Petone location with undeniable street appeal, this spacious ...

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House

Wellington 5012


10 Manchester St, Petone

$1,099,000

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Love At First Sight

This classic villa with its charming veranda, fragrant roses, and picket fence appears quaint and compact from the outside; however through the bright yellow door is 144sqm of fabulous living. High ceilings and polished floors run through the home, starting from the master bedroom with its walk-in ...

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House

Wellington 5012


9 Jessie St, Petone

$849,000

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Live The Dream

Here is a home on the right side of the street capturing the best of the afternoon sun, the beach on your doorstep and your opportunity to own in popular Petone! This 1920s character bungalow offers its new owners fantastic living throughout; from the spacious separate lounge, providing an ...

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House

Wellington 5012


1/28 Scholefield St, Petone

$429,000

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Light and Bright

It's light, it's bright and airy and being an end unit this home feels larger than its actual size and is extremely easy to live in. Whether you are looking to begin your home ownership journey, looking to downsize, for a lock up and leave scenario while travelling, or for singles, couples or ...

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Unit

Wellington 5012


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