43 Wellington’s rate of value increase hasn’t changed in recent months, still increasing at around 4% per quarter and 21% annually. However that is slower than the 6% to 7% quarterly growth during parts of 2016. Porirua and Lower Hutt are still rising fastest over the past three months, while the previously fastest growing Upper Hutt has slowed recently to only 2.8% over the past three months. Average Value of Housing Stock - Wellington Annual and Quarterly Value Change - Wellington April 2017 Current Value 3 months 12 months Since Peak Porirua $510,853 5.5% 24% 34% Upper Hutt $445,632 2.8% 27% 27% Lower Hutt $503,286 4.3% 25% 28% Wellington City $724,176 3.1% 21% 36% Wellington Values