Daily Archives: November 5, 2010

Nelson Weekly Rental Rates Update

November 5th, 2010

Once apon a time the rents compiled by NZ’s Department of Building and Housing used to arrive about the 20th of the following month.

Hmmm….seems that like most things nowadays …..times have changed…….and speed to market is now a serious factor on the radar.

I have been reliably advised that the data is available right now for the period 1 May 2010 ~ 31 October 2010.

Remarkable improvement, and well done.

5-11-2010 market rent nelson

First up above is the central part of town, Nelson and Nelson North.

5-11-2010 port Hills

Then its the rents for Tahunanui and the Port Hills, favoured by many if you love a view, especially one over the water.

5-11-2010 stoke rents

Next up is Stoke, my home patch, where I grew up and where I like to think I’m a bit of a specialist, with for want of a better term, a genuine locals knowledge.

Its popular because of its reasonably priced homes, but even more so for its easy access to top class schooling – in all age groups.

AN  ASIDE – asked our property management division today what their occupancy/vacancy rate [or whatever its called] was, and they informed me that out of over 900 homes on their books, their vacant “homes available to rent” today has been hovering under 1% for quite a while now.

DATA – NZ Dept of Building & Housing