Rate of rent growth on the slide

Since Christmas the housing market has been cooling and prices up and down the country have been trending lower.

Hamilton has been no different, with buyers having the upper hand in the market.

Well, it looks like the same is now happening in the rental market!

After 2 years of non-stop rent growth, analysis of our Hamilton portfolio shows that in August average rents have dipped for the second time in 6 months.

After such a long run of rising rents, this could be a sign that rents are done rising and may even begin to fall.

Great news for renters, already struggling with rising inflation and the cost of living crisis.

Oliver Pearson

Manager and Property Investor for 20+ years

Oliver Pearson

Manager and Property Investor for 20+ years

Oliver Pearson began investing in property aged 21 and has since bought, developed and sold real estate in the UK, USA, South East Asia and New Zealand. After a career in banking he is now on the management team at Waikato Real Estate and has contributed to property articles for NZ Herald, Stuff and Property Investor Magazine.

Based in Raglan, Oliver's passions extend beyond property to surfing, hydrofoiling, and providing a taxi service for his children.