The past month has seen the majority of our student leases signed off for another 12 months. While we had some initial concerns given the drop in the university enrollments post earthquake, enquiry has remained strong with groups primarily coming from local New Zealand students. Many of our existing students staying for 2013 have chosen to renew their leases and there has been quite a lot of concern expressed by the student community regarding the supply and affordability of suitable properties as the housing shortage takes effect ongoing.
Changes to the student allowances for 2013 have also meant that many of our students have an upper limit this year of around $130.00 -$140.00 per room/per week with enquiry fairly low for anything above this level. Clearly to achieve this level of rent per week a good level of accommodation within close proximity to the university is required. Efficient heating sources (with insulation) and generally some white ware and garden maintenance would also be expected to be included in the weekly rent.