Q&A-What's happening in the New Zealand residential rental market!

Residential > Q&A
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In this new topic we try understand current market conditions for tenants and owners.

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Reminder the healthy homes law for New Zealand (and overseas owners who own NZ property) deadline of 1 July comes in to effect!

Here is a link to help you. :down_arrow:

https://www.tenancy.govt.nz/healthy-homes/healthy-homes-standards-what-a-landlord-needs-to-know/

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Also check out this :down_arrow:

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Hi @chris-newkids. This is a great topic discussion and I like that we can all add to the discussion and keep up to date. I suspect that many in this community will book mark this page. :folded_hands:

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Here is a update on what house sellers are currently facing:

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Market rental Alert - Lower Hutt and Upper Hutt, New Zealand. Builders are telling us that they are now having to drop rentals rates on their brand new homes to obtain tenants. Happy days are coming for residential tenants.

Background - There has been a huge building boom in both of these cities but the vacant rate is changing.

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Wellington market update;

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The Guardian news paper released this story. Do you agree?

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Here is a link from another post, that provides insights.

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Market alert - Wellington.

For prospective tenants, tenants, owners and property managers.

Why read this post?

  1. We should see a drop in rental rates due to housing pricing dropping.
  2. Be in the know before you act!
  3. The real estate marketplace is constantly changing so you need to monitor it.

Wellington house prices slump 30 percent from peak, QV says

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Queenstown landlord fined $81,000 for unlawful, overcrowded boarding houses.

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Rental prices fall to lowest level in two years

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Student met with rubbish, dirt, faeces and bad smell in Dunedin rental

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Some more news:

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We are finally seeing evidence that the property clock (Residential rental market) is changing. Perhaps it is now in the 2,3 o’clock position (a falling market)

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Here is an interesting article about the current residential market place.

Rents down, but take care before you ask your landlord for a drop, Realestate.co.nz says

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Insights-For investors and property owners, Tenants claim meth contamination happened during break-in: