Upper Hutt Capital Values 2019 Analysis

We’ve had the latest Capital Values for Upper Hutt arrive and they are now live on our site.  Take a look to see how your property has performed against the rest of your neighbourhood!

The median HomesEstimate in Upper Hutt is now $564k, up 14.6% from this time last year. With such strong growth, it comes as no surprise that new Capital Values are 42.5% higher than those released 3 years ago.

The largest increase was seen in Timberlea where CVs increased by 55.2%. This coincides with the median HomesEstimate increasing 15.5% in the last 12 months.

It is important to remember that capital values are only an estimate of a property’s value at a point of time and these large changes highlight how out of date these can become. For a more accurate and up-to-date estimate of a property’s value, we suggest using homes.co.nz‘s HomesEstimates. These are calculated each month using up-to-date sales information and track trends in your area.

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The Data Team - homes.co.nz (Tom Lintern - Chief Data Scientist)

About the author

Tom Lintern is homes.co.nz’s data guy and is in the know when it comes to the property market. If you have a burning question for the homes.co.nz data team, send it through to insights@homes.co.nz and we’ll take a look!