housing boom

 

PHOTO: CAMERON BURNELL/FAIRFAX NZ Urban historian Ben Schrader says areas such as Naenae are becoming gentrified as property buyers look more closely at the area.

Lower Hutt’s traditionally working-class suburbs are experiencing bigger property value increases than their better-off neighbours.

Unfancied just a few years ago, the likes of Naenae and Wainuiomata are experiencing a boom within a boom, says Professionals real estate agent John Ross.

House prices across Lower Hutt had increased but low socioeconomic and working-class areas had seen the biggest change, the company’s sales figured showed.

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