Ongoing hot demand from both investors and tenants alike has meant rent values have continued to grow across Upper Hutt, and it's unlikely to stop.
Heretaunga | Silverstream
Renown for its location, it boasts some of Upper Hutt's most prestigious properties, containing large executive-style properties, as well as 2-3 bedroom properties. Offering expansive sports grounds, native bush reserves, recreation clubs, children's playground and the Royal Wellington Golf Club. It is also close to the highly sought after Hutt International Boys' School. Rents can range anywhere from $650-$795, with median rents having increased by 28% over the past 3 years in these areas*.
Riverstone Terraces.
A popular rental area in Upper Hutt with mostly new properties, Riverstone Terraces often attracts professional families. Depending on the location, some properties enjoy spectacular views of mountains and Hutt River, and across the Hutt Valley. Most properties are modern, standalone 3-5 bedroom properties. Rents can range anywhere from $650-$795, with median rents having increased by 28% over the past 3 years in these areas.
Trentham | Wallaceville | Elderslea | Ebdentown
A very large area with a wide variety of rentals ranging from 3 bedroom houses as well as 2 bedroom units which will attract small/medium families. Easy distance to Upper Hutt CBD. Popular with those needing to be close to schools, colleges and shopping options. Rents can range anywhere from $595-$695. Median rents have increased by 24% - 27% over the past 3 years in these areas.
Totara Park
A popular rental area on the other side of the Hutt River which contains a mixture of older style 3-4 bedroom properties. Easy Access to SH2 and also within easy distance to Upper Hutt CBD. Has its own community facilities such as primary school, restaurant and local shops. Rents ranging from $550-$630, median rents having increased by 24% over the past 3 years.
Why Upper Hutt is the Place to Invest
Demand for Upper Hutt rental properties has a history of staying strong and that’s unlikely to change anytime soon. Three-bedroom homes tend to be the most popular, as families are the more predominant tenants in this area. The above rent ranges show the average rent for 3 bedroom properties.
Investors here also have the advantage of uninterrupted cash-flow, as tenants tend to stay put for several years and not move around so often.
It's important to make sure you get the right rent from your property. Arranging a rental appraisal gives you access to our market knowledge, rent data, and understanding of market trends, providing you the right rent for the current market. At Quinovic our appraisals are free of charge. Get in touch today, click here to send a request.
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*all median rent statistics collected from CoreLogic Data