Cantabury is over supplied because after the earthquakes every builder and his dog went there to build and repair houses. They didn’t slowdown until they had surpassed demand for the region. The effect was twofold, too many houses in one area and not enough builders/completed projects in the rest of the country.
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Renters in gun as market shrinks
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When rentals are in demand why would a PM bother to advertise.
It just becomes a time consuming embarrassing exercise to deal with the unwashed.
The best thing the last Govt. did was to buy up all the old concrete block motels and put the unwashed into them.
Notice how the stories of people living n the streets has gone now that Jacinda has been in charge for three weeks. Gone! Problem solved. Apparently. It takes a fairy with a wand full of fairy dust to do this.
Last edited by Perry; 19-11-2017, 12:31 PM.
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I think they look at peak season. My PM says 50% drops year on year for 3 years now.
Originally posted by Glenn View PostHow on earth did they come up with those figures of 69% drop.
My records indicate that on 1 November 2016 there were 756 properties advertised to let in the Wellington Region compared with 733 on 1 November 2017. That is a drop of 3% not 39%. On 2013 census night there were 46,000 private rentals in Wellington. This gives them a vacancy rate of 1.57%
Compare that with Nelson / Tasman. On 1 November 2016 there were 126 properties advertised compared with 87 on 1 November 2017. That is a drop of 31%. On census 2013 there were 8750 private rentals in Nelson / Tasman. That is Wellington rental market is 5.2 times more than Nelson. The Nelson vacancy rate is 0.99%
Is this a case of creative journalism or just blatant false reporting.Free online Property Investment Course from iFindProperty, a residential investment property agency.
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Originally posted by Nick G View PostI think they look at peak season. My PM says 50% drops year on year for 3 years now.
Here are some figures to confuse and educate everyone. Just looking at Wellington to let on Trademe at the beginning of each month.
So were do the reporters get their stories out of these figures?Jan13 Mar13 Mar14 Feb15 Nov15 Feb16 Nov16 Feb17 Nov17 1805 1507 1570 1782 1186 1379 756 1008 733
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Chickens Coming Home to What Roosting Places?
Originally posted by Glenn View PostSo were do the reporters get their stories out of these figures?
More follow up, here.
Victoria University of Wellington Student Association president Rory Lenihan-Ikin said a Government policy to increase student livings costs by $50 a week would be cannibalised by the increased price of accommodation.
Originally posted by Stuff"When I first got a flat in 2013 I was paying $150 and that was very normal. Now the average in the student suburbs in Wellington is $218, according to the most recent data we've had."
SIX REASONS 2018 COULD BE RENTERS' YEAR OF HELL
1. Potential cost increases due to regulatory demand could reduce investment in rentals
2. Potential tax changes to rental properties, including capital gains, could put off investors
3. Possible Government staff growth could increase demand
4. Credit restrictions on investor could reduce purchase of rentals
5. First-home buyers' inability to save a 20 per cent deposit stops transitions from rental to ownership
6. Affordability of new homes
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Originally posted by Glenn View Post....
So were do the reporters get their stories out of these figures?
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Originally posted by artemis View PostAt the moment they are quoting numbers reported by TradeMe. As previously discussed TM have a truckload of data and it is obvious they are not using snapshots on a day. I would say they are using new listings in a period. Nothing wrong with either measurement but they are apples and oranges. My recent experience (last month) with a Wellington city fringe rental is hundreds of TradeMe views in the first two days and a large pool of good applicants to choose from.
There simply is no way one can have an intelligent discussion about hidden statistics that only party has access to and uses to achieve their own agenda. (as apposed to my agenda!)
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Originally posted by Perry View Post19 Dec 2017
Wellington's rental shortage bites, flats snapped up in record time
Clearly Labour is in denial just the same as National was and still is.
As of today 20 December there are a total of 88 rentals advertised in Nelson / Tasman for a population of 100,000. That is one vacancy advertised per 1136 people. In Wellington they have 890 properties advertised for a population of 513,900. That is 1 vacancy per 577 people. Compare that with Canterbury at 349 per vacancy or Auckland at 356.
I think Donald calls this fake news!
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The fake bit relates to how the politicians interpret the facts. What I do not like politicians and reporters saying that they are fixing the problem by doing something that will not solve the problem. How would you grade the level of desperation between One town or vacancy and the next. Does one judge it on tears, numbers applying, or $ being offered above asking price. Or how about gross rates of return?
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