News

Christchurch Rental Market Update

ByLiam O'Boyle

The recent debate on Residential Rental Property availability in Christchurch has highlighted the utilisation of the existing housing stock. 

Housing New Zealand and Christchurch City Council have between them approximately 1000 properties vacant, many only requiring minor repairs to make them habitable.  The media have regularly highlighted often sensationally the plight of individual’s problems in obtaining accommodation.  The availability of homes for the above agencies would appear in the short term a solution to the social housing issue. 

This full use of existing housing before the construction of further temporary housing is important both in terms of cost to the tax payer and potential social issues around ongoing Temporary Housing Villages. 

Rents have increased, so has the cost of owning property.  The private sector rental housing pool has diminished.  We identify excellent long term investment opportunities in Christchurch.  The work force required for the regions rebuild will seek a significant amount of rental accommodation.  The demand is for property ranging from a medium to high standard.

Insurance companies are also looking for good quality accommodation for relocation of property owner clients during the repair to their client’s homes.

The rebuild is a project of many years which will offer the long term prudent investor excellent returns.

Tony McPherson

Up to Date

Latest News

  • Government Hits Reset Button on KiwiBuild

    Nearly two years after its launch, the coalition government’s failing KiwiBuild initiative has received a reboot that will see the lofty target of 100,000 homes built in ten years abandoned. Today, we’re going to look at what the reboot involves and what it means for New Zealand’s housing market. … Read more

    Read FullPost

  • Landlords Fined for Breaching New Insulation Laws

    Landlords are being taken to court by their tenants for failing to meet the new insulation regulations introduced in July. One such case sadly involved a Bay of Plenty family whose young child suffered health issues while living in their rental property, which wasn’t insulated to new standards. Why … Read more

    Read FullPost