December 8th, 2020
On TradeMe, what are the most searched rental properties for the last 90 days? What rent are tenants most willing to pay? How many bedrooms and bathrooms are popular? And how many of those properties are available?
These charts, which are specific to the Hamilton rental market, will answer those questions…
What's in short supply and high demand? Properties in the $500/wk bracket, 2-3 bedrooms and 2 bathrooms. Demand is outstripping supply in that section of the Hamilton market and any vacancies are getting quickly filled. That mirrors what we see within our own property portfolio.
What's in over supply? 1-bedroom, 1-bathroom properties around $300/wk rent. Again, this lines up with what we are seeing on the ground and is partly due to the lack of overseas students due to Covid and also several recently completed developments that have caused a short term over supply of studio and 1-bedroom apartments in central Hamilton.
Knowing what's going on in the market is vital for any Property Investor. At Waikato Real Estate we manage over 1,250 properties and have an excellent feel for what's popular and what makes a great investment.
Pick up the phone and give Michelle a call on 02108321516, she'd love to chat about your next property investment!