Petone Property Market And House Prices

Suburb of Lower Hutt City

Ed McKnight

Author: Ed McKnight

Our 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.

Last Updated:

Key house price data for Petone, Lower Hutt City

Average House Value

1.1%
$826,650

Average Rent

$585

Estimated Yield

3.7%

Long Term Capital Growth

6.1%

Ed's Insights

Petone is a suburb in Lower Hutt City.

6,795 people currently live in Petone. 38.5% of these people rent.

The average house value in Petone is $826,650.

That’s down 15.1% from from 2 years ago.

The median rent in Petone is $585.

Market Insight - Median House Price Trend

Sales Data

Average House Value

1.1%
$826,650

Median Days to Sell

Not enough data available

Properties listed for sale in the last month

Not enough data available

Properties sold in the last 12 months

Not enough data available

Insights

Here is the sales data that we have for Petone.

We currently don't have the number of days to sell a property in this suburb. We're working hard to get this data. Hopefully, it will be available shortly.

Rental Data

Median Rent

$585

Rental properties listed last year

Not enough data available

Rental properties listed last month

Not enough data available

Median days to rent

Not enough data available

Insights

There is no rental data available for Petone at this time. We are working hard to get this data. We hopefully will have some shortly.

Demographic Info

What do tenants in Petone want?

The most popular number of bedrooms a tenant rents in Petone is 2 bedrooms.

41.1% of tenants in the suburb rent properties with 2 bedrooms.

The most popular number of cars in Petone is 1 car.

49.2% of residents in the suburb own 1 car.

How many Bedrooms do renters have in Petone?

How many Cars do renters have in Petone?