Movement between Hutt and Wellington?

Interesting trends are showing strongly between rental listings in the two cities of the Hutt (Lower & Upper) and the Central City of Wellington. Is this due to transfers of demand from the Hutt to Wellington? We thought so, selling our property in Petone in May on a rising valuation, while rental prices were falling, making a double whammy on yield.

This suggests that tenants are finding the City more attractive, while owners are finding prices in the Hutt more attractive - is that the case? More research is needed.

Jonette 2011