Throughout Wellington tenants are increasingly choosing to extend their tenancy, creating more demand for rental properties that do enter the market. This Summer 82% of our tenants have chosen to extend their tenancy and only 18% have changed properties.
According to Trade Me insights, rents in Wellington City have been rising the fastest out of the main centers, including Auckland.
The Wellington region is now the most expensive in the country at a record breaking $580 median rent per week and the number of enquiries Trade Me are seeing on rental properties in the Wellington area are described as extraordinary.
The high tenant demand and rents means Wellington continues to look good for savvy investors who are holding onto their properties and looking to grow their portfolio, as they know capital gains are rising and so are rent values, allowing costs to be covered associated with Healthy Homes, while improving cash-flow.
If you'd like a free no-obligation rental appraisal on a property you're considering investing in, call us today! Find out how our Wellington Property managers can help you. We manage property in the Wellington and Hutt Valley regions. Feel confident your property and tenants are looked after by our professional Property managers with our property management services .
Discover how our Care & Return System will benefit you. Receive a no-obligation, FREE rental appraisal today for your Wellington investment property!
Call Jordan Atkinson - 027 297 0873
Quinovic Kent Terrace | Wellington
Call Allan Hartley - 027 522 9084
Quinovic Johnsonville | Wellington
Call Helen Vance - 027 487 8103
Quinovic Hutt Valley | Wellington