Articles posted in category: Rental

Auction Results - August 2015
Published on: 2015-09-10

Auction Results - August 2015

Check out the latest auction results for August 2015. Read more

Lodge City Rentals Market Report - July
Published on: 2015-07-30

Lodge City Rentals Market Report - July

Check out the latest rental market report for July, by David Kneebone (General Manager of Lodge City Rentals). Read more

Hamilton Rental Market Buoyant
Published on: 2015-06-25

Hamilton Rental Market Buoyant

An increase in the number of property investors purchasing Hamilton homes is increasing the number of rental properties available in the city, according to Lodge City Rentals business development manager David Kneebone. Kneebone recently presented to the Auckland Property Investors Association on the merits of investing in Hamilton. He says there is huge interest from Hamilton’s northern neighbours and tells of one Auckland investor who recently purchased 15 properties in the city, which… Read more

Hamilton Property Management Video Report
Published on: 2015-06-19

Hamilton Property Management Video Report

David Kneebone reviews current activity in the residential rental market. Read more

Hamilton investment property gains appeal
Published on: 2015-01-20

Hamilton investment property gains appeal

There continues to be no shortage of money available for investments and this is most graphically illustrated in the multi-unit investment market and the commercial investment sector. Yields continue to be driven to new historical lows as investors compete for investments to beat historically low bank rates. Residential investors have been slower to identify the opportunity within Hamilton. Median rents at the 2013 census were higher than median rents across the rest of New Zealand. However, the… Read more

Hamilton housing 2014 in Review
Published on: 2015-01-20

Hamilton housing 2014 in Review

Reserve bank imposed loan to value ratio restrictions dampened the recovery the market should have experienced during 2014. The number of houses sold per month fell from an average of 245 sales during 2013 to 222 sales per month during 2014. Elections compounded the issues and slowed sales even further during the winter months. However, both events merely delayed the entry of buyers into the market and placed further pressure on rents and the city’s rental accommodation. The danger, as with… Read more

Hamilton Rental Review
Published on: 2014-11-18

Hamilton Rental Review

General Manager of Lodge Rentals, David Kneebone, is concerned the city may not have enough properties to rent during the busy February period. Generally October and November experiences an annual student exodus from rental accommodation (and the university year ends.) However, more properties than expected have been secured already for 2015 by returning students. This has raised fears that there may be a lack of good-quality, available accommodation next year. “That's perhaps… Read more

Are smoke alarms a landlord’s responsibility?
Published on: 2014-06-14

Are smoke alarms a landlord’s responsibility?

There is currently a great deal of discussion about ‘building warrant of fitness’ for rental properties. Unsurprisingly, one of the common criteria on checklists has been the installation of smoke alarms: There is no question smoke alarms are a key warning device in reducing deaths or injury caused by fires at home. According to the NZ Fire Service, smoke alarms were either not installed, or not working, in 80% of the house fires that firefighters attended last year! The greater awareness… Read more

Rental Warrant of Fitness
Published on: 2014-06-10

Rental Warrant of Fitness

Regardless of the make-up of the newly-elected Government later this year, landlords can expect some sort of minimum standard to be applied to rental properties. Pressure is building from many groups. The World Health Organisation (WHO) has prioritised improved air quality, both inside and outside of the home. The WHO stresses that creating healthy homes through better insulation, ventilation, and heating solutions leads to a healthier population. While New Zealand boasts some of the best-quality… Read more

Opportunity Knocks
Published on: 2014-06-07

Opportunity Knocks

The latest release of data from Statistics New Zealand should keep residential property investors happy. Immigration is soaring, accelerating to a net-inflow of 4000 people during March. Hamilton typically experiences the effect of an immigration boom six to nine months after it is first reported: New migrants often settle in Auckland before moving to the provinces. This should have a twofold effect on residential rental property in Hamilton. Firstly, as the population increases, initial upward… Read more

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