The Property Academy Podcast The region where rental prices are skyrocketing⎥Ep. 1976
Feb 7, 2025
Explore the region where rental prices are skyrocketing and see if the data backs up the claim. Discover conflicting rental metrics, as experts weigh in on varying statistics. Get insights from Dunedin, where modest rent rises persist amid stable supply. Understand why Otago's average may mislead, and learn about the differences between advertised and actual rents. Finally, hear about the rental market slowdown linked to more Kiwis overseas and increased housing stock. A fascinating look at the current dynamics of New Zealand's rental landscape!
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Conflicting Rental Data Explained
- Different data sources show very different rental inflation figures, so headline numbers can be misleading.
- Always check what the dataset measures before assuming your property's rent will match the average.
Property Manager On Ground In Dunedin
- Nick McGuire in Dunedin says landlords raise rents annually to cover costs, not due to market frenzies.
- He hasn't seen a major supply drop or huge price jumps in Otago recently.
Composition Effects Inflate Regional Averages
- Regional averages can be pulled up when more high-rent properties appear on the market.
- That can make a region look like rents are soaring even if most existing rents stay flat.