Property prices for rent in Lower Hutt (Wellington)
The rent prices in real estate in Lower Hutt, in the Wellington region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Lower Hutt has risen during the last 6 months. In October, the average price per m² was $5.94. In November this price barely changed remaining at $5.94 per m². The price for the following two months in (December, January) had a considerable rise of 130 %. The price per m² has fallen 87 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $6.84 to $5.94 during February, and March.
When referring to the price in Lower Hutt (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $621. In November This price remains at $621. During the following two months (December, January) the average price had a considerable rise of 144 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $757 to $621, which means a 82 % fall.
