Property Market
5 min read
What's happening with Lower Hutt house prices?
Council area of Wellington
Author: Ed McKnight
Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof.
Reviewed by: Laine Moger
Journalist and Property Educator with six years of experience, holds a Bachelor of Communication (Honours) from Massey University.
What's happening to Lower Hutt house prices?
The average price of a Lower Hutt property is $737,012 (QV, January 2026).
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Quick Facts
- The average price of a Lower Hutt property is $737,012 (QV, January 2025)
- Over the last 3 months property prices in Lower Hutt have gone down 1.27%
- Lower Hutt property prices increased 4.68% per year (on average) in the 20 years between December 2005 - December 2025 (REINZ)
- The average rent in Lower Hutt is $580 per week (Tenancy Services, November 2025)
How are Lower Hutt property prices changing?
Lower Hutt house prices soared after the Covid-19 pandemic began. House prices started out 37% below the eventual peak of the market.
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Where is Lower Hutt in its property cycle?
At the absolute bottom of its property cycle, Lower Hutt was 18.41% undervalued.
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Lower Hutt suburb prices
I track the value of 28 suburbs in Lower Hutt. The most expensive suburb is Woburn, which has an average house value of $1,073,900. While the most affordable suburb is Moera, which has an average house value of $546,000.
Over the last 24 months of all Lower Hutt suburbs (January 2024 - January 2026, Korokoro had the slowest-falling house prices. They have gone down -3.20% over that period.
The suburb that fell the fastest over that period was Waiwhetu. Property values in this suburb fell by 10.36% over those 2 years.
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What is the Lower Hutt rental market like?
Here's how rents are changing in Lower Hutt. Over the last four years (November 2021 - November 2025) the median rent has gone down $-20 a week. That's -0.84% a year (on average).
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Are properties selling above or below CV in Lower Hutt?
One of the most common questions I get asked is: “Ed, are properties selling above or below their Capital Value (CV)?”
Where do house prices grow the fastest in the Lower Hutt property market?
Where do house prices go up the fastest in Lower Hutt?
Which suburbs in the Lower Hutt property market have the highest yields?
Gross yields vary widely depending on which suburb you chose to investigate.
Other property markets to look into
If you found this article useful, then you might also like our analyses on the other property markets in New Zealand. You can read all about the Wellington property market here.
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This property market information is for your general information. It’s not financial advice. See here for details about our Financial Advice Provider Disclosure. So Opes isn’t telling you what to do with your own money.
We’ve made every effort to make sure the information is accurate. But property markets change, and we occasionally get the odd fact wrong. Make sure you do your own research or talk to a financial adviser before making any investment decisions.
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