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

Unit G13/2 Campbell Tce, Petone

$505,000

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6% net return for 5 years!

Click this link to view the Property Files: https://www.propertyfiles.co.nz/property/954480003 Unit G13 | $505,000 (Zero Rated) A true set-and-forget investment opportunity in the heart of Petone. Unit G13 is a new 1-bedroom apartment positioned within a modern ...

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Wellington 5012


18 Beach St, Petone

$800,000

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One of the Beach Street Cuties

At the beach end of this very central and popular location, number 18 is one of the cutest character cottages you will find. Wonderful street appeal with its curved front bay window and retaining original character features like stunning leadlight windows, polished floor and decorative ...

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House

Wellington 5012


59 William St, Petone

$939,000

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Owners have moved to Aussie - HIGH motivation

Welcome to 59 William Street in Petone. Our owners have made the move across the Tasman which means this home needs to be SOLD. This recently renovated bungalow with timeless street appeal has been tastefully renovated throughout. Heading inside, you'll instantly recognise those ...

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House

Wellington 5012


112/2 Campbell Tce, Petone

$755,000

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Guaranteed 6% Return!

It doesn't get much better than a guaranteed 6% net return for 5 years!! Located on the quiet street of Campbell Terrace Petone, this new complex comes with a roof top garden and is netting the buyer $45,300 + GST per annum (6% net return for 5 years). This is an offer all property ...

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Unit

Wellington 5012


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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Wellington 5012


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