Happy New Year for 2021 from the team at Nidd Property Management.
A strong finish for the month of December 2020, our team rented 16 properties within an average of 25 days at an average of $430 per week.
For the month of December 2020, there was high demand for three-bedroom homes.
There has been a weekly average of 375 properties listed on Trademe for December showing an 8% decrease in available rental accommodation. This is still a 22% increase than that recorded in December 2019 which showed a weekly average on TradeMe of 306.
The team signed 25% more tenancies in 2020 compared to 2019 indicating more demand and movement within the Dunedin rental market.
If you know of anyone else thinking of renting their investment property or looking at possible renting options, please feel free to pass on our details.
Don't hesitate to get in touch if you are thinking of selling or would just like an update on your property's value.