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  1. #81
    Join Date
    Jun 2004
    Posts
    10,232

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    Quote Originally Posted by artemis View Post
    That is true. Maybe. But how much of it is media reporting? It is noticeable that it is student organisations making the most comments in the media, mainly because they are organised and that is their job. Plus plenty of staff writers were students themselves 5 minutes ago and relate. Seen it in practice.

    Tenants are not organised in anything like the same way, and generally only pop up in the media time to time. The more cynical among us might think there are ulterior motives, personal or political.

    There is recurring data available but it doesn't have the impact of a photo of a queue of 50 outside a rental. The Trademe property indices are good as they are published monthly, good at comparing against other locations and periods and are clear about what and how they measure. Plus they are usually picked up by the main stream media.
    How much is media - probably lots.
    Never let any facts get in the way of a good story.

    Generally the public isn't interested in facts - their eyes glaze over.
    Politicians, especially, know this and use it to their advantage.
    Try to counter with facts and you will lose as you lose peoples attention very quickly.

  2. #82

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    What I’m noticing recently in the data for Porirua is that the low end rentals have risen from the $300/wk range to $400/wk for 2br to $650/wk for renovated 4br while the higher end suburbs are not rising anywhere near as fast.

    i wonder if the added risks caused by TT rulings associated with low end rentals is being priced into these rents where as it’s not priced into higher end areas.

  3. #83
    Join Date
    May 2004
    Posts
    2,628

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    From Trademe's monthly analysis -

    "In December, the number of rental properties in Wellington fell 7 per cent on the year prior and we’ve seen a 15 per cent increase in the average number of enquiries."

    7% fewer is a lot of rentals. Some caused by tenants staying put, some by landlords selling up.

    " Mr Clancy said while large houses (5+ bedrooms) in Wellington dipped 18.2 per cent year-on-year, they are still the most expensive house type in the country at an “eye-watering” $900 per week."



    property.trademe.co.nz/market-insights/rental-price-index/wellington-is-new-zealand%E2%80%99s-most-expensive-city-to-rent/

  4. #84
    Join Date
    May 2004
    Posts
    2,628

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    Quote Originally Posted by Don't believe the Hype View Post
    What I’m noticing recently in the data for Porirua is that the low end rentals have risen from the $300/wk range to $400/wk for 2br to $650/wk for renovated 4br while the higher end suburbs are not rising anywhere near as fast.

    i wonder if the added risks caused by TT rulings associated with low end rentals is being priced into these rents where as it’s not priced into higher end areas.
    Compliance costs are much the same but takes longer to recover them for lower rent properties.


 

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