Matai Park in Lower Hutt

Name: Sales in Matai Park started!
Start: 2022-08-25T10:13:00.262746+00:00
End: 2023-12-31T23:59:59+0000
Location: Matai Park

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Project info

Object ID: 21832

Finished at	March 2023
Price, m²	From 8430$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 77.00 m²
Floors	2
Apartments	69
Condition	Turnkey
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

649,110$

Net profit

8,283$

Payback period

61.2 years

Avg property value increase per year

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About the project

Mataī Park is a brand-new townhouse development in central Wainuiomata.

Featuring attractive designs, quality materials and durable construction methods, these homes are modern, healthy and perfect for family life.

Wainuiomata is the Hutt Valley’s hidden sanctuary. Close to Petone, the Hutt Valley and Wellington City, it’s surrounded by a lush green landscape and plenty of adventure opportunities.

New developments, shared spaces and town centre upgrades are transforming Wainuiomata into the Hutt Valley’s favourite family-friendly suburb.

Mataī Park offers the perfect balance between private sanctuary and vibrant community.

With flexible 2 and 3-bedroom options, you’ll find a perfect fit for your family. Quality materials and durable construction methods create warm, dry, low-maintenance homes, so you’ll have more time and money for what matters to you. Amenities, entertainment and adventure are just a 3-minute walk away.

Mataī Park homes are the perfect first step in homeownership — requiring only a 10% deposit for New Zealand residents — and make a sound investment for the future. The development is being built by local developer Faisandier Group in partnership with Palmer & Cook.