Articles posted in category: Rental

Hamilton Residential Property Management Review
Published on: 2014-06-05

Hamilton Residential Property Management Review

Rental occupancy rates throughout autumn continued at full levels, and we expect to see no change as winter takes hold. Staff are focusing on reviewing rents for all properties under management – if increases are justified and viable they will be put into effect. The average rent increases across the portfolio have been in excess of the Consumer Price Index (CPI); these increases have been possible in all segments (with the exception of the studio market). With 240 new studios released to the… Read more

Rents Rise As City Starts To Fill
Published on: 2014-04-01

Rents Rise As City Starts To Fill

Lodge City Rentals managing director, David Kneebone, said the company’s 3000 Hamilton rental properties are almost fully occupied with demand from tenants wanting quality family and executive homes the highest he has seen since the company started managing properties in 1982. Kneebone said in the past three years he has seen a trend emerging with tenants staying a lot longer in good quality rentals. “The industry standard is around 80 per cent of tenants will change houses or move on within… Read more

Residential Rental Market Summary
Published on: 2013-06-10

Residential Rental Market Summary

The onset of winter sees most people hunkering down for the season, and this is reflected in our rental portfolio, with occupancy rates remaining solid at nearly 99% capacity. After remaining steady over the past few years, student numbers at the University of Waikato are this year down 3.2%. This has led to some interesting dynamics; negative growth in student numbers has placed pressure on filling accommodation in suburbs that surround the tertiary campus. Older, larger, homes (1960s) in particular… Read more

Hamilton Residental Rentals Update
Published on: 2012-08-13

Hamilton Residental Rentals Update

Occupancy rates have remained steady at 98% across the portfolio. As expected winter has brought the seasonal slowdown in demand for rental properties. However, there is a shortage of available properties in the Rototuna , St Andrews and Pukete markets. There is also increased demand for top end property. Rents in Hamilton traditionally hit a ceiling at $500 per week. However, within the last week a Queens Ave property has been re-rented for $700 per week, and a St Andrews property for $650 per week. Tenants… Read more

Hamilton’s rental vacancy rates lowest in 15 years, says industry veteran
Published on: 2012-03-31

Hamilton’s rental vacancy rates lowest in 15 years, says industry veteran

David Kneebone, General Manager Lodge City Rentals, says the company’s vacancy rates in Hamilton’s rental market are sitting at 1.12% - the lowest he’s seen in 15 years. Lodge City Rentals has the largest portfolio of rental properties in Hamilton.  It has a total of 3,288 rental properties on its books, which is around 20% of the city’s 15,200 rental properties.  The company also oversees around 40% of the city’s managed property market. “We’re experiencing unprecedented, low vacancy… Read more

New Property Management Website
Published on: 2012-02-27

New Property Management Website

New web site propertymanagement.co.nz The Lodge City Rentals site, www.lodgerentals.co.nz, was primarily developed to help tenants find their next home; more specifically, it was designed to help potential tenants navigate easily through the site, and to make enquiries on properties to rent (including an ability apply online). And with 80% of our enquiry coming from the web, it remains essential that we continue to provide a strong-performing site for tenants. However, with the sole focus on tenants,… Read more

Winter Property Management Review - Hamilton
Published on: 2011-08-30

Winter Property Management Review - Hamilton

The volatility of financial markets around the world is currently sending share investors on an uncertain roller coaster ride. Thankfully the Hamilton residential rental market is, by contrast, displaying a good level of consistency – with strong fundamentals underpinning a calm but optimistic outlook. The most significant examples of the strong fundamentals are the city’s continued, steady population growth, together with increasing employment opportunities. Our strong employment market is… Read more

Residential Investing
Published on: 2011-07-25

Residential Investing

To date in 2011, investors have re-entered residential real estate with increasing enthusiasm. Of course, individual investors approach the market in different ways – some seek higher cash flow yields, others look for potential capital gains, or they may be among those that seek to secure land for future development. But just what is a ‘lucrative investment’? Below is the opinion one of Hamilton’s most experienced property managers (himself a ‘perennial investor of 26 years’), David… Read more

Hamilton Rentals Swell
Published on: 2011-04-04

Hamilton Rentals Swell

The March quarter is seasonally the busiest of the year driven by students returning to the city. With the student influx virtually complete the market has returned to normal levels. We are noticing a rising number of investors adding to their portfolios and an increasing number of new investors enter the market, which expresses genuine confidence in the Hamilton market. This supply is being met by consistent demand and occupancy within the portfolio has crept back over 98%. The only segment of… Read more

Budget Review
Published on: 2010-08-24

Budget Review

The effects of the budget on residential property investment will have been well-digested by most clients.  In short, property investors can breathe a collective sigh of relief. There will be no: Capital gains tax Ring fencing of tax losses Deemed rate of return tax Land tax Although the removal of depreciation claims on buildings will have an impact on some investors, it is not the primary reason investors choose residential property. As the depreciation claims were subject… Read more

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