Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Big demand for room by room rentals in Christchurch

Big demand for room by room rentals in Christchurch


4 February 2014 - High demand for rental accommodation in Christchurch is prompting a growing number of ‘room by room’ rentals.

Under this scenario, people rent a bedroom and share common areas and facilities in the house with other tenants who they haven’t previously met.

Caroline Register, Manager of Harcourts Holmwood Property Management Group, says the room by room rentals are keenly sought by contractors in the city for the rebuild, in particular, and students seeking accommodation.

“Before the earthquake it was international students, students, people on working visas and contractors /workers from other parts of New Zealand. Since the earthquake, demand is very much dominated by contractors and workers.”

Average rents range between $180 and $240 a room, including all services and Register says that tenants usually stay six to 12 months.

“But if they have to leave earlier than the originally contracted time, they can opt for the notice period of 48 hours after the initial 28 day term. This flexibility is very attractive as an alternative to a fixed term tenancy that binds them to contractually stay. “

She says Holmwood actively manages the houses if problems arise but problems are rare.

“When friendships are established, often the house functions as it would with normal flatmates. We rarely have any issues as we are selective in the first instance to put people together we believe will get along well. Many often move on to flat together.”

Holmwood currently manages just under 200 room by rooms. Register says some residential investors are actively looking for this type of property while others have changed to room by room due to the demand.

“There is a high demand for this accommodation and, managed correctly, they achieve good returns for owners. There are always investors who will look outside the norm to accommodate niche markets. As a result, they may make better returns.”

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Drone Strikes And Judith Collins‘ Last Stand

The news that a New Zealand citizen was killed last November in a US drone attack in Yemen brings the drones controversy closer to home.

To the US, drones are a legitimate response to the threat posed by the al Qaeda organisation and its franchisees... To the US, the drones carry the added advantage of not putting US troops at risk on the ground, and minimises the need for putting them in large numbers in bases in the countries concerned, always a politically sensitive point.

The counter-argument, well articulated by security analyst Paul Buchanan on RNZ this morning, is that this particular drone attack can be said to amount to an extra-judicial execution of a New Zealand citizen by one of our military allies, in circumstances where the person concerned posed no threat to New Zealand’s domestic security. More>>

 

Parliament Today:

Policies: Labour’s Economic Upgrade For Manufacturing

Labour Leader David Cunliffe has today announced his Economic Upgrade for the manufacturing sector – a plan that will create better jobs and higher wages. More>>

ALSO:

Gordon Campbell: On The Life And ACC Work Of Sir Owen Woodhouse

With the death of Sir Owen Woodhouse, the founding father of the Accident Compensation Scheme, New Zealand has lost one of the titans of its post-war social policy. More>>

ALSO:

Bad Transnationals: Rio Tinto Wins 2013 Roger Award

It won the 2011 Roger Award and was runner up in 2012, 2009 and 08. One 2013 nomination said simply and in its entirety: “Blackmailing country”... More>>

ALSO:

Select Committees: Tobacco Plain Packaging Hearings

The Stroke Foundation is today backing the Cancer Society and Smokefree Coalition who are making oral submissions to the Health Select Committee in support of proposed legislation to remove of all branding from tobacco products. More>>

ALSO:

Milk: Oravida Asked For Cabinet Help

New evidence released by New Zealand First today reveals Justice Minister Judith Collins used her position to manipulate the Government to help her husband’s company, Oravida, after the Fonterra botulism scare, says New Zealand First Leader Rt Hon Winston Peters. More>>

ALSO:

With Conditions: Ruataniwha Consents Approved In Draft Decision

The Tukituki Catchment Proposal Board of Inquiry has granted 17 resource consents relating to the $265 million Ruataniwha Water Storage Scheme in a draft decision that would open more of the Hawke’s Bay to irrigation. More>>

ALSO:

Fast Lanes, Campervans: Labour 'Making The Holidays Easier For Kiwi Drivers'

The next Labour Government will make the holidays easier and journeys quicker for Kiwi families driving on the roads, says Labour Leader David Cunliffe. More>>

ALSO:

Gordon Campbell: On Royalty And Its Tourism Spin-Offs

Ultimately the Queen’s longevity has been one of her most significant accomplishments. A transition to Prince Charles while the monarchy was in the pits of public esteem in the mid to late 1990s would have been disastrous for the Royal Firm. Far more congenial representatives have now emerged... More>>

ALSO:

Privacy (Again): ACC Demands Excessive Privacy Waivers

Labour: “This is just another example of ACC under National deliberately acting to deny treatment and compensation... Those who did fill in the form have effectively been victims of yet another ACC privacy breach. This time Judith Collins knew it was happening..." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news