Daily Archives: March 22, 2010

Current Nelson Weekly Rental Rates – March 2010 Update

Information on rental rates in a locality can serve two main purposes;

1] assist home buyers moving into the region with their temporary accommodation budgets

2] enable out of town investors to plan/budget/forecast potential returns for an investment property in Nelson

DATA – NZ Department of Building and Housing

To that end heres the latest update on what people are paying per week, for rental properties locally. Click on both charts for higher resolution versions.

DATA – NZ Department of Building and Housing

And no surprises here either, 3 bedroom properties still rule the roost, however 2 bedroom houses or flats are quite popular too.

What is interesting to note is the interest in 4 bedroom properties, especially after February 2010 REINZ results that saw Nelson 4 bedroom properties on average (median wise that is) lasting on the market for 24 days before they were sold.

Readers might have noticed my frequency a bit lacking this month….well there is a reason….in the next few days I’m off to Christchurch to attend a wedding….quite an important one for me actually as I will be giving away my eldest daughter.

May be a few days before the next post folks.