Tag Archives: renting

Rental Market Prices in Nelson, New Zealand

Jan 8th, 2014

The latest New Zealand wide market rent statistics covering the period for 1 July 2013 – 31 December 2013 have been released.

01-2014 Stoke - Tahunanui

The first lot of figures above are for the Stoke / Nayland and general Tahunanui zones.

8-01-2014 Hills

Then there are the Tahuna & Port Hills figures above, and lastly….

8-01-2014 Nelson

This lot above represents the general Nelson city area.

If you are curious about what rent is in your area, or if you are looking at purchasing an investment property in another part of NZ unfamiliar to you, you can also check out the latest rental statistics here;

Nelson City zone

New Zealand wide

DATA SOURCE – Ministry of Business, Innovation & Employment NZ

Disclaimer – Re NZ Market Rent Prices

Searching for Stoke – Nelson properties

March 12th, 2012

If you are not a local and are using the web to search for a property in Stoke, Nelson then you need to read this.

The good news is that this lesson it won’t take long at all.

First up, www.realestate.co.nz

...heres the realestate.co.nz search bar.......

if you select Nelson & Bays, then Nelson for the town…….

check all of these highlighted ones....

you’ll get a dropdown  list like I’ve depicted above..

...and these too...

just make sure you search the highlighted suburbs, now www.summit.co.nz,

the Summit.co.nz site makes it quite easy actually...

…..to ensure you cover all the areas of Stoke.

www.nzrealtors.co.nz is there to help your search too

The NZ Realtors group to which Summit Real Estate belong also have a site you can use, and need to search just the four suburbs high-lighted above to conclude your search.

Trade-me also offers up a selection of suburbs again adding a few more to the mix, but obviously on account

some repeats here from above ... just check them all out

of some having zero listings, most people aren’t aware of them, you just need to check them all.

In case you are wondering where all these suburbs names are, hopefully this takeout of the Summit map will help.

 

Nelson Home Prices really were stable in 2011

Feb 5th, 2012

During 2011 I mentioned the word stable or stability on numerous occasions when I was referring to the price of homes in Nelson.

Therefore at the end of the year, it was interesting to glance over QV’s stats released in January pertaining to homes sold in Dec 2011, but more importantly how those homes sold were placed, when they were compared to the same date 12 months prior.

Put simply, if you had invested your money into a average priced home in Nelson in Dec 2010, then by 2011 that property would , according to QVs data, have appreciated by a bit more than 2%, or $9123 by average sales price.

But (& yes Ms Kate “surname escapes me” Form 2,  1974, Otumoetai,  Tauranga, I know I should not start a sentence that way but its late…..) factor in capital appreciation…….and I mean “real” capital appreciation in a NZ wide sort of way, you can’t tell me…..you’re doing bad?

So even if you weren’t sure about living / investing in the region……I think I just helped you out.

Huh?

Over the last 12 months,  the median rental for a 3 bedroom home in Nelson was $355 per week.

See where I’m going, can’t you…..

Do your due diligence, and most certainly compare this to the situation with other regional parts of NZ?

I hear from the treetops…….I think there is more money to be made….X  and X and X…….

But (sorry Form 2 teacher) are you sure sure, on the stability front, your money is safe? If as I am sure most of my readers here are,you intelligently recognise the whole “supply & demand” situation_ then I am already raving on to the converted……sorry for that.

Don’t forget this is all based on just average pricing too, many have done better, and some possibly not so, but it reinforces the fact that our regions pricing does statistically compare verrrrry favourably with the big smokes.

So my message tonight….it is this

in NZ we have ups and downs…but wouldn’t it be nice to live somewhere where those ups and downs are minimalised, and in a way….constrained to the local environment?

Welcome to Nelson.

CHART DATA – www.qv.co.nz

Nelson Real Estate in the news January 2012

Stories, and there’s been a few, that made the news regarding Nelson real estate in the region over the last week…..

The Nelson Mail - 16/01/2012

Nelson Mail says Properties among least affordable – 16/01/2012

The Nelson Mail - 13/01/2012

…then just for the mix, the Nelson Mail reports City Property Values rise – 13/01/2012

…..but we also learnt of how you could buy a property in Nelson, how it is possible to get on to that “first rung on the ladder”

The Nelson Mail - 14/01/2012

with a Nelson Mail Saturday feature article entitled On the first rung.

If you’re looking to rent a property in some parts of the South Island, then you already know about these headlines.

The Weekend Press - Christchurch 14/01/2012

Perhaps these headlines are why “round the table” at this mornings weekly sales meeting, all agents were reporting a noticeable increase in investment buyers/ activity on investment properties this past week, especially over the weekend at Open Homes.

The Press Christchurch 16/01/2012

…..and while other South Island regions are reporting dwindling supplies of rental product

The Nelson Mail 13/01/2012

it would seem that rental ripple has reached Nelson now too….

And just perhaps, this explains one of the main reasons why everyone wants to live here…….

The Nelson Mail - 14/01/2012

is it because we have the Hat Back?

Click on individual photos for full stories mentioned.

Nelson 2011 Tenant of the Year Competition

Oct 30th 2011

The Nelson Property Investors Association is conducting its inaugural “Tenant of the Year” competition.

Secretary of the association, Glenn Morris, indicated that an ‘‘attractive prize package’’ was on offer, $500 for 1st place and $250 for both 2nd & 3rd place. (as told to the Nelson Mail)

Its all too often that we hear about “the tenant did this and the tenant did that……”

Therefore a competition like this is a great way to thank those who indeed attempt to treat a property as if it were their own. Surely most landlords would love to have tenants that took an interest in their property.  A real “win-win.”  Actually can’t see any downside to it really.

The deadline for entries is Nov 9th 2011.

Commenting on the entries so far, Glen told the local paper, the Nelson Mail, that;

“It’s all new. People are a bit shy getting the hang of it.”

Entry forms are available from www.nelson.nzpif.org.nz. For details on the groups monthly meetings, go here.

(direct download of entry form here )