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

More Evidence - Scoop Press Conference Recordings:
PM's Post-Cab Presser 8/8/11
"at that point [Tucker] told me he'd release it ..."

Hager Revelations: Inquiry Into NZSIS Release Of Goff Docs

The Inspector-General of Intelligence and Security (IGIS), Cheryl Gwyn, announced she would be instituting an inquiry concerning allegations that the New Zealand Security Intelligence Service (NZSIS) might have released official information to Mr Cameron Slater, regarding briefings provided to the then Leader of the Opposition, for political purposes...

“I am satisfied there is a sufficient public interest justifying the commencement of an own-motion inquiry into the substance of the issues raised with my Office,” said Ms Gwyn. More>>

Goff: Director’s Letter Contradicts Key’s Claims

At yesterday’s media standup, when asked on the topic John Key said ‘I wasn’t told’...
“In a letter dated November 2011 former SIS director Warren Tucker states three times that ‘in accordance with the usual practice of keeping the minister informed’ the Prime Minister had been told. More>>


 

Parliament Today:

Schools, PPTA Sign Up: Primary Teachers And Principals Vote Down Govt Plan

Teachers and principals have voted overwhelmingly against the Government’s controversial “Investing in Educational Success” policy, including proposed highly-paid principal and teacher roles. More>>

ALSO:

Gordon Campbell: On The Usual Round Of Mud Slinging And Name-Calling

This week gave an interesting example of how hard it is to untangle the reality from the slanging matches. The issue that emerged early this week could hardly be more important. Does the government intend to cut spending in health, education and on the environment if re-elected, or not? More>>

Earlier:

Electionresults.co.nz: National and NZ First Rise in Roy Morgan Poll

National has bounced back in the latest Roy Morgan Poll but the big winner has been New Zealand First who rise to their highest level of support since September 2013. More>>

ALSO:

Fish Pun Warning: By Hoki! It’s Labour’s Fisheries Policy

A Labour Government will protect the iconic Kiwi tradition of fishing by improving access to the coast, protecting the rights of recreational fishers and reviewing snapper restrictions, Labour’s Fisheries spokesperson Damien O’Connor says. More>>

ALSO:

It's Official: Governor General Gives Direction To Conduct Election

The Governor General has signed the writ directing the Electoral Commission to conduct the General Election on 20 September 2014. This is the formal authority to run the 2014 election, and enables candidate nominations to open tomorrow Thursday 21 August 2014. More>>

Gordon Campbell: No More Mr Nice Guy

When future historians seek to identify the exact moment when the prime ministerial career of John Key hit the downward slope, they may well point to Key’s interview yesterday with Guyon Espiner on RNZ’s Morning Report. More>>

ALSO:

Dirty (Politics) Weekend: Collins’ Admission Reason For Key To Act

"Despite claiming that the evidence about her in Nicky Hager's book was ‘false’ Judith Collins has now been forced to admit that she did send information about a Ministerial Services staff member to Cameron Slater for him to use in a baseless smear campaign. More>>

ALSO:

Potential Disasters: Underground Coal Fire On Denniston Plateau

Forest & Bird says one or more coal fires have broken out beneath the Denniston Plateau, and that the Department of Conservation (DOC) must stop Bathurst Resources’ preparatory mining work going on there until the fire or fires are extinguished. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news