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

46 William St, Petone

$900,000

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LIFE BY THE BEACH

This lovely 3/4 bedroom bungalow is the perfect mix of character, modern living and beach chic. Well presented inside and out, this home is offered to you with all the hard work done. It boasts an open plan kitchen, dining and lounge with flow to the outdoor area and decking. Keeping ...

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Wellington 5012


5/21 Britannia St, Petone

$430,000

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3 Bedrooms in the Heart of Petone!!

Whether you're a first-home buyer, downsizer, or savvy investor, this well-presented home offers convenience and low-maintenance in a prime location. Inside, you'll find three double bedrooms, a light-filled open-plan living and dining area, and a functional kitchen with good storage. ...

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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


68 William St, Petone

$1,149,000

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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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