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.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines



Gordon Campbell: On John Key’s Trip To Iraq

In the embedded press coverage on this trip, the absence so far of any evaluation of the wider context of what New Zealand thinks it is doing at Camp Taji has been striking. More>>


Labour: Parata Puts Brakes On Charter School Appraisal

“When the Ministry of Education recommended they compare the achievements of children at charter schools to those of their counterparts at state schools, the documents show Hekia Parata specifically prohibited them from doing so." More>>


Bad Day For Universities: Gun, Bomb Threats On Three Campuses

Dunedin Police are continuing their investigation into the threat made against the University of Otago. Staff are following a number of lines of inquiry, and police are working to verify the authenticity and source of the post. More>>


Gordon Campbell: On The TPP Deal Reached In Atlanta

Yes, the TPP has helped to knock a few points off the tariffs facing our exporters. Yet some of those alleged dollar gains may well have been made regardless over time – and without the negative baggage of the concessions in the non-trade areas (intellectual property, copyright extensions, investor-state dispute mechanisms etc) that the TPP deal also brings in its wake. More>> (Cartoon by Dave Wolland)

Public Summaries:


Wellington.Scoop: Serco – First The Prisons, And Now It Wants To Run The Trains

As the government continues its inquiry into Serco’s discredited administration of Mt Eden prison in Auckland, here in Wellington there’s further scrutiny of the British outsourcing company – because it’s competing to take over the running of our commuter trains. More>>


Pre-Signing: Gordon Campbell On The TPP Countdown

To date, the Key government has been unwilling to share any information about this TPP deal until it is too late for outraged public opinion to affect the outcome... the disclosure process is likely to consist of a similarly skewed and careful exercise in spin. More>>


Australia Deportations: English Relaxed On Immigration Centre Conditions

Labour's Annette King: “There have been numerous reports from inside these detention centres on just how bad conditions are... If they were being held in any other foreign jail, I imagine Mr English would be somewhat concerned. More>>


Schools: Achievement-Based Funding Would Be A Disaster

The Education Minister’s speech to the PPTA Conference raising the spectre of achievement data driving a new funding system would be disastrous, says NZEI Te Riu Roa. More>>

  • Video Out-Link - PPTA Annual Conference 2015 on Livestream (Q+A dicussion suggests funding would be directed to less successful schools.)

  • ALSO:

    ECE Report:

    Get More From Scoop



    Search Scoop  
    Powered by Vodafone
    NZ independent news