Tag Archives | Pedersen Property Management

auckland

Median Rent Increase Sub 4% 2 Years In A Row

Landlords with rental property in Auckland have shown their restraint over the past couple years according to Trade Me’s Rent Price Index. This is big news but don’t expect it to be broadcasted in mainstream media any time soon. Bad news not only travels fast, it also gets more reads, clicks and comments so why pay a Journalist to write a feel good story for our Landlords? Therefore you’re probably hearing this news from us first! Most landlords are not greedy and they’re not hiking up rents.

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insulation

Property Managers Help Manage Landlords Insulation Compliance

The countdown is on for landlords and their rental properties compliance with the Residential Tenancies Amendment Act 2016. Insulation is compulsory in all rental properties by 1 July 2019. Landlords have been working closely with their property managers over the past couple of year stating the condition of insulation in their properties on every new tenancy agreement and properties that are under-insulated will need a top up within the next couple of years.

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apartment

Auction Site For Renters

New Zealand will soon see the rise of a new auction site for renters. Just in on stuff.co.nz Rentberry has confirmed they will be launching here and in Australia. The online service offers renters the opportunity to bid for rental properties. Landlords set the ‘reserve’ or rent level they hope will generate lots of prospective tenants interest and then the bidding war takes off.

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Posted in Tenants comments

Tenants Let Off With 4.8% Increase

Weekly rents rose just 4.8 percent in the twelve months to July 2016 according to Trade Me Rent Price Index. Tenants will be relieved Landlords are being realistic and not keen on hiking rents arbitrarily. Property sales have slowed and the average asking price has dropped significantly up ten percent since July 2015.

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Weekly Rents Holding Steady

Statistics suggest Landlords are not increasing rents unrealistically. While there was a flurry of activity at the end of 2014 and the being of 2015, the past five months have seen only small increases in weekly rents. The Trade Me Rental Price Index is a reliable guide of weekly rent price variation due to it’s monopoly status as the primary channel utilised by property managers and private landlords for marketing rental properties.

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Posted in Property Investment, Tenants comments

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