Property prices continue to soar in Lower Hutt
A Lower Hutt subdivision sold out in a day, as the demand for new properties remains high and prices continue to climb.
The 14 townhouses at the Riverside Drive development in Fairfield were all under offer within hours, starting at $589,000 for a two bedroom unit. All were bought off the plans, and still more 18 months away from being ready to move into.
It comes as Real Estate Institute figures for August, released on Friday, record houses prices recorded in Hutt Valley, with growth month on month faster than other parts of the Wellington region. Professionals real estate agent Shane Brockelbank, who sold the Riverside subdivision, said he was surprised by the speed at which the houses sold.
”Offers started coming in on Thursday morning, and they were gone by the afternoon.
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