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  1. #121
    Join Date
    May 2008
    Posts
    3,691

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    Quote Originally Posted by Perry View Post
    But really, what are councils doing becoming involved in social engineering?

    I think it would be better if they stayed away from such political capers.
    Most people standing for council have a strong ambition to get involved in social engineering.
    They are driven.
    Dangerous people.

  2. #122

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    Quote Originally Posted by Don't believe the Hype View Post
    Total available properties for rent = 28 not far from the lowest level of rentals I've recorded here which was 23. Nothing really on offer if your looking under the $400-$500/wk mark and if you have a larger family you won't be spending less than $500/wk.

    The breakdown by no. bedrooms:

    Below $300 = NONE
    $301 - $400 = 2 (one 3br one 2 br)
    $401 - $500 = 5 (3x3br 1x2br & 1x1br)
    $501 - $600 = 6 (1x4br 4x3br 1x2br)
    $601 - $700 = 5 (1x4br 4x3br)
    $701 - $800 = 6 (4x4br 2x3br)
    $801 - $900 = 4 (2x5br 1x4br 1x3br)
    Six months later and we see a large number of properties available (relative) the number has been in the low 40's but now at 37. Still only 7 properties under $500/wk with the median at $620 and two thirds in the $500-$700 range

    Below $300 = NONE
    $301 - $400 = 4 (2x3br 1x2 br 1x1br)
    $401 - $500 = 3 (2x3br 1x2br)
    $501 - $600 = 9 (3x4br 6x3br)
    $601 - $700 = 14 (2x5br 5x4br 7x3br)
    $701 - $800 = 4 (3x4br 1x3br)
    $801 - $900 = 3 (2x4br 1x3br)

  3. #123

    Default

    A month later and the no. vacancies is back at 27. No 3br+ below $420/wk which is small in original condition.

    Below $300 = NONE
    $301 - $400 = 3 (2x2br 1x1br)
    $401 - $500 = 4 (3x3br 1x4br)
    $501 - $600 = 6 (2x4br 4x3br)
    $601 - $700 = 8 (1x5br 4x4br 3x3br)
    $701 - $800 = 4 (3x4br 1x6br)
    $801 - $900 = 1 (1x5br)
    $1500 = 1 (3br)

  4. #124

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    Quote Originally Posted by Don't believe the Hype View Post
    Now a shortage of properties for buyers. 94 listed for sale in all Porirua, of those half (47) are developers house and land packages or land.

    47 houses out of 20k dwellings suggests supply is pretty tight.

    The above was Jan19... 94 properties for sale.

    Today - 24-Dec19... 67 properties for sale with around 30 being house and land packages or bare land.

    WTF ONLY 37 move in ready houses to choose from in the entire city!

  5. #125
    Join Date
    May 2004
    Posts
    2,950

    Default

    December Trademe rental analysis now online - Rents in the capital crack $600 for the first time

    National numbers with history, not just Wellington. Always interesting.

    https://property.trademe.co.nz/marke...he-first-time/

  6. #126

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    With all this noise about rents heating up anecdotally here in Porirua it seems to have softened a touch... we're seeing some lower priced properties coming up for rent.

    Interestingly every time I see a low priced rental it comes from one of the MAJOR Property Management firms - it may be with a large rent roll and over worked PM's (employees) getting a tenant in fast and having a large number of applicants is preferred as it reduces the labour hours required to re-tenant and if it's $20 - $50/wk lower than the owner could get if they priced it right the cost to the owner is $1-$2k/yr but the lost management fee is only $100-$200/yr.

  7. #127
    Join Date
    Mar 2016
    Posts
    651

    Default

    Quote Originally Posted by Don't believe the Hype View Post
    With all this noise about rents heating up anecdotally here in Porirua it seems to have softened a touch... we're seeing some lower priced properties coming up for rent.

    Interestingly every time I see a low priced rental it comes from one of the MAJOR Property Management firms - it may be with a large rent roll and over worked PM's (employees) getting a tenant in fast and having a large number of applicants is preferred as it reduces the labour hours required to re-tenant and if it's $20 - $50/wk lower than the owner could get if they priced it right the cost to the owner is $1-$2k/yr but the lost management fee is only $100-$200/yr.
    Possibly, but returns for established landlords should be pretty healthy..and it is an election year so we don't need the wellbeing brigade talking about rental caps in the Wellington region.

  8. #128
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,462

    Default

    Quote Originally Posted by artemis View Post
    December Trademe rental analysis now online - Rents in the capital crack $600 for the first time

    National numbers with history, not just Wellington. Always interesting.

    https://property.trademe.co.nz/marke...he-first-time/
    Yep, vote Labour! The more nutty crap they put in place, the more rents go up! Yay!
    Squadly dinky do!

  9. #129
    Join Date
    Jan 2012
    Posts
    1,142

    Default

    Quote Originally Posted by Don't believe the Hype View Post
    A month later and the no. vacancies is back at 27. No 3br+ below $420/wk which is small in original condition.

    Below $300 = NONE
    $301 - $400 = 3 (2x2br 1x1br)
    $401 - $500 = 4 (3x3br 1x4br)
    $501 - $600 = 6 (2x4br 4x3br)
    $601 - $700 = 8 (1x5br 4x4br 3x3br)
    $701 - $800 = 4 (3x4br 1x6br)
    $801 - $900 = 1 (1x5br)
    $1500 = 1 (3br)
    Hey DBH, any chance of an update on these numbers? It would be interesting to watch the trends as we go through this turbulent times.

  10. #130

    Default

    Hi Learning et al... I was just thinking about it yesterday.

    The last few months had seen the no. of rentals rise back to the levels of Nov19 (early 40's) ... in the past 2 weeks we've seen only completed new builds come on the market as new rental listing while the total no. properties has dropped to 40.

    The last 3 listings have all been private listings - not sure if that has any relevance
    I have noted what I suspect to be a number of AirBNB's coming to market as rentals - I have not way of quantifying this other than to gauge the quality of the listing photos which could be sales staging pics but more likely AirBNB listing pics - they have all been 1 bedroom.

    In nov the lowest price 3br was $420/wk - there is one listed in probably the roughest street for $400/wk so by my assessment no change since Nov. The median is $580/wk vs. $620/wk in Nov update but with such a small no. of data points the median is unreliable.

    If you're looking for a 3br you have 5 options under $500/wk but your choice opens up if your budget stretches to $600/wk ( 14 options)

    Below $300 = 1 (1br)
    $301 - $400 = 3 (2x1br 1x3br)
    $401 - $500 = 9 (1x1b3 3x2br 4x3br 1x4br)
    $501 - $600 = 10 (2x2br 6x3br 2x4br)
    $601 - $700 = 10 (6x3br 4x4br)
    $701 - $800 = 6 (4x3br 2x4br)
    $801 - $900 = 1 (1x4br)

    My feeling is people will bunker down, listings will dry up as people don't move house (imagine trying to move house when you could be on lockdown in a week or two). You might even find tenants who are in these rentals (if they are moving by choice) make the call to stay put.


 

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