Pushing Up House Prices
Upper Hutt currently has a residential property asking price average of $854,000.
Is this largely the result of new housing areas in the city?
Two months ago in the Wallaceville Estate a three bedroom, double garage home was sold for 1.3 million. It had a double garage but all the bedrooms were as tight as and no real storage spaces other than built in wardroves. One could construct a garden shed on the property. The garage had been used not for vehicles but as a work-from-home and cinema/tv room. The property had no appreciable views and was tucked away behind high fencing.
Yet maybe this property could now fetch another $100,000 if it was on the market.
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