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Dunedin Rental Report June 2022

For the month of May 2022 our team has maintained a 0.9% vacancy rate within the portfolio, with demand continuing to be focused on 2 and 3 bedroom properties. We rented 7 properties within an average of 18 days at an average price of $430 per week with the range being between $170 - $650 per week. This price bracket is reflective of there being demand for different property types, ranging from boarding house rooms to high end apartments. There has been an average of 212 properties listed on...

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Dunedin Rental Report May 2022

For the month of April 2022 our team has continued to maintain a 1.5% vacancy rate within the portfolio, with demand continuing to be focused on 2 and 3 bedroom properties. We rented 6 properties within an average of 14 days at an average price of $510 per week with the range being between $450 - $550 per week. This range is reflective of the standard of property being offered to the rental market and there being demand from tenants moving to Dunedin from other parts of the world. There has...

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Dunedin Rental Report April 2022

To summarise the first quarter of 2022 in one word would be: PERSERVERANCE. Nidd Property Management successfully managed expectations and navigated many of the disruptive changes linked to COVID-19 and preventing the spread of the virus within our community. Renting a total of 25 properties within 22 days at an average of $460 per week, with zero Tribunals.  For the month of March 2022 our team maintained a 1.5% vacancy rate within the portfolio, with the demand continuing to be focused...

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Dunedin Rental Report March 2022

As the country navigates changes with Phase 3 of the COVID-19 (Omicron) response, Nidd Property Management have ensured robust systems and protocols have been implemented to ensure properties continue to be rented. While enquiry generated continues, alongside scheduled viewings, it has been observed to be less than previous weeks and months.  For the month of February 2022 our team maintained a 1.5% vacancy rate within the portfolio, with the demand continuing to be focused on 3-bedroom...

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Dunedin Rental Report February 2022

For month of January 2022 our team maintained a 0.9% vacancy rate within the portfolio, advertising on average 5 properties at any one time, with the demand being focused on 3-bedroom properties. We rented 6 properties within an average of 23 days at an average price of $400 per week. There has been an average of 298 properties listed on TradeMe for the month of January 2022 which is 15% less than that in January 2021. We are continuing to receive an increased level of enquiry from first time...

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Dunedin Rental Report January 2022

Happy New Year for 2022 from the team at Nidd Property Management. A strong finish for the month of December 2021, our team rented 20 properties within an average of 24 days at an average of $485 per week.  For the month of December 2021, there was continued high demand for three-bedroom homes.  There has been a weekly average of 368 properties listed on Trademe for December showing a 5% decrease in available rental accommodation.  The team signed 16% more tenancies in 2021...

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Dunedin Rental Report December 2021

For the month of November 2021, our team rented 23 properties within an average of 23 days at an average of $425 per week showing an increase in properties rented by a decrease in price. Of the 23 properties rented 30 percent were clients that have moved to Dunedin from other regions indicating continued growth within other sectors for specialist roles. There has been an average of 387 properties listed on TradeMe for the month of December which is a 6% decrease from the last months.  

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Dunedin Rental Report November 2021

For the month of October 2021, our team rented 14 properties within an average of 44 days at an average of $490 per week, which is proving to be a general trend for the month of October, as seen in 2020 where 14 properties were rented at an average of $430 per week. Enquiry has increased with people relocating to Dunedin aligned with the changes in COVID-19 level restrictions. There has been an average of 415 properties listed on TradeMe for the month of October which is 5% less than the...

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Dunedin Rental Report October 2021

For the month of September 2021, our team rented 10 properties within an average of 29 days at an average of $400 per week showing a decline from the month prior.  There has been stable demand for 3 bedroom rental accommodation between the range of $380-$430 per week There has been an average of 438 properties listed on TradeMe for the month of September which was the same for the month before showing stable supply of properties.  Don't hesitate to get in touch if you are thinking...

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Dunedin Rental Report September 2021

Following on from the Level 4 lockdown mid-August, the market now appears to be stabilising back to the level of enquiry that we would expect for this time of the year. For the month of August 2021, our team rented 10 properties within an average of 21 days at an average of $537 per week compared to the usual trend of 22 properties rented in August 2020 at an average of $546 per week and 15 days to rent.  Please note that in 2019 with 25 properties rented and 2018 with 26 properties...

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Dunedin Rental Report August 2021

For the month of July 2021, our team rented 9 properties within an average of 39 days at an average of $430 per week compared to July 2020 which showed an average of $415 per week and 24 days to rent. There has been an average of 513 properties listed on TradeMe for the month of July. Our team started to advertise student properties with a positive response from those seeking accommodation for 2022. If you know of anyone thinking of renting their investment property please feel free to pass...

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Dunedin Rental Report July 2021

For the month of June 2021, our team rented 10 properties within an average of 28 days at an average of $518 per week compared to June 2020 which showed an average of $480 per week and 39 days to rent. There has been an average of 496 properties listed on TradeMe for the month of June, with more student properties (for 2022) being advertised. If you know of anyone thinking of renting their investment property please feel free to pass on our details as this will result in you receiving 3...

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Dunedin Rental Report June 2021

For the month of May 2021, our team rented 6 properties within an average of 32 days at an average of $430 per week highlighting the lower levels of demand for rental properties at this time of the year.  There has been an average of 318 properties listed on TradeMe for the month of May, with many student properties (for 2022) expected to be advertised during June. If you know of anyone else thinking of renting their investment property or looking at possible renting options, please feel...

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Dunedin Rental Report May 2021

For the month of April 2021, our team rented 9 properties within an average of 27 days at an average of $550 per week. It was observed that levels of enquiry have remained quieter during the Easter Break, ANZAC, and school holidays. This is a trend identified in previous years. There has been an average of 302 properties listed on TradeMe for the month of April which is which is again 25% more than April 2020 during COVID-19. If you know of anyone else thinking of renting their investment...

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Dunedin Rental Report April 2021

For the month of March 2021, our team rented 8 properties within an average of 44 days at an average of $530 per week. It was observed that levels of enquiry were quieter during the week leading up and after Easter which is a trend identified in previous years. There has been an average of 283 properties listed on TradeMe for the month of March which is which is 25% more than 2020 during COVID-19. If you know of anyone else thinking of renting their investment property or looking at possible...

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Dunedin Rental Report March 2021

Dunedin has experienced continued demand for quality rental accommodation for the month of February. We have rented 14 properties within an average of 24 days. There has been an average of 320 properties listed on TradeMe for the month of February which is about the same for February 2020. 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...

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Dunedin Rental Report February 2021

Dunedin has experienced continued demand for quality rental accommodation for the month of January. We have rented 9 properties within an average of 12 days. There has been an average of 341 properties listed on TradeMe for the month of January which is 10% higher than that in January 2020. An interesting trend that has emerged this past 2 weeks is the high level of enquiry from 18 years olds urgently needing accommodation.  It has been suggested that some first year students have only...

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Dunedin Rental Report January 2021

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...

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Dunedin Rental Report December 2020

For the month of November 2020, our team rented 16 properties within an average of 26 days at an average of $395 per week.  There has been a weekly average of 407 properties listed on Trademe for November showing a decrease in available rental accommodation. This is still higher than that recorded in November 2019 which showed a weekly average on TradeMe of 325. The team will still be available during the festive season, so please do not hesitate to make contact regarding your investment...

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Dunedin Rental Report November 2020

For the month of October 2020, our team rented 14 properties within an average of 28 days at an average of $430 per week.  There is still high demand for three-bedroom residential properties across many suburbs in Dunedin, so if you know of anyone with a rental property seeking management services do not hesitate to pass on our details. There has been a weekly average of 392 properties listed on Trademe for October showing a decrease in available rental accommodation. This is still...

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Dunedin Rental Report October 2020

For the month of September 2020, our team rented 20 properties within an average of 19 days at an average of $442 per week.  We have seen continued demand for three-bedroom residential properties across many suburbs in Dunedin. There has been a weekly average of 417 properties listed on Trademe for September showing a decrease in available rental accommodation. This is still higher than that recorded in September 2019 which showed a weekly average on TradeMe of 348.  

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Dunedin Rental Report September 2020

August proved to be another busy month with our team, renting 22 properties within an average of 15 days at an average of $546 per week. The average price per week is 25% higher than July due to 11 of the rented properties being student flats. There has been an average of 492 properties listed on Trademe for the month of August 2020 showing a continued increase in available rental accommodation, with more being listed within the residential area. This is in comparison to the August 2019...

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Dunedin Rental Report August 2020

For the month of July 2020, our team rented 22 properties within an average of 24 days at an average of $415 per week. This is a 100% increase in properties rented compared to the month of June 2020 and significantly higher than July 2019 where only 8 properties were rented. There has been an average of 561 properties listed on Trademe for the month of July 2020 showing a continued increase in available rental accommodation, particularly in the student market. We do note that there was an...

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Dunedin Rental Report July 2020

For the month of July 2020, our team rented 22 properties within an average of 24 days at an average of $415 per week. This is a 100% increase in properties rented compared to the month of June 2020 and significantly higher than July 2019 where only 8 properties were rented. There has been an average of 561 properties listed on Trademe for the month of July 2020 showing a continued increase in available rental accommodation, particularly in the student market. We do note that there was an...

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