PM MONTHLY Issue Six | March 2022
Our vision To provide a personalised service to effectively manage your asset, and protect the value of your investment property.
Welcome...
To the Ray White Remuera Property Management Monthly Newsletter.
The property management and rental market in February and the beginning of March has seen great growth in number of tenant applications for rental properties as well as increased supply throughout Central Auckland. Even with an increase in supply we are seeing rental prices remaining stable due to the increase in tenant movement through all price ranges in the market. We expect the first quarter of this year ending March to finish off strongly and see steady movement in the market as we enter into the winter months. If there is anything we can do to assist or if you are considering making a move or need a property manager please do not hesitate to contact us.
Take Care, Your team at Ray White Remuera Property Management
(09) 520 9100 rentals.remuera@raywhite.co.nz
How we are Tracking 1.2K
13
AVERAGE VIEWS OVER A 6 WEEK PERIOD
AVERAGE DAYS ON MARKET
7% MORE WATCHLISTS COMPARED TO THE MARKET AVERAGE
RW Remuera Market 0
25
50
75
100
12% MORE VIEWS COMPARED TO THE MARKET AVERAGE *Statistics via trademe.co.nz and our own data collection
Our Lets for November LEASED 2/34 Cotter Avenue Remuera 3
1
1
12
$950
Days on market
Rent per week
LEASED 42 Richard Farrell Avenue Remuera 2
1
1
8
$695
Days on market
Rent per week
LEASED 1A Avice Street Remuera 3
2
2
8
$1,050
Days on market
Rent per week
LEASED 2/169 Portland Road Remuera 2
1
1
13
$580
Days on market
Rent per week
LEASED 8/174B Upland Road Remuera 4
2
2
11
$1,200
Days on market
Rent per week
LEASED 3C Laxon Terrace Remuera 3
2
2
13
$810
Days on market
Rent per week
LEASED 10 Glenbrook Street Remuera 3
2
1
60
$950
Days on market
Rent per week
LEASED 105 Ngapuhi Road Remuera 4
3
2
35
$1,480
Days on market
Rent per week
LEASED 2/36 Sonia Avenue Remuera 1
1
1
20
$530
Days on market
Rent per week
LEASED 3/5 Orakei Road Remuera 2
1
1
93
$720
Days on market
Rent per week
LEASED 2/15 Bridgewater Road Parnell 1
1
1
$650 Days on market
Rent per week
LEASED 306/13 Cheshire Street Parnell 2
2
1
6
$750
Days on market
Rent per week
LEASED 142 Meadowbank Road Meadowbank 3
1
1
9
$800
Days on market
Rent per week
LEASED 3/50 Selwyn Avenue Mission Bay 2
1
1
21
$800
Days on market
Rent per week
LEASED 85 Patteson Avenue Mission Bay 3
1
3
25
$950
Days on market
Rent per week
LEASED 2/105 Selwyn Avenue Mission Bay 3
2
2
7
$1,000
Days on market
Rent per week
LEASED 1/134 Saint Johns Road Saint Johns 2
1
1
5
$575
Days on market
Rent per week
LEASED 33B Michaels Avenue Ellerslie 3
2
2
13
$850
Days on market
Rent per week
LEASED 2B Railway Street Newmarket 1
1
1
72
$495
Days on market
Rent per week
LEASED 40B Pah Road Epsom 3
1
2
25
$995
Days on market
Rent per week
LEASED 7/1 Albury Avenue Epsom 2
1
1
26
$660
Days on market
Rent per week
LEASED 14/35 Almorah Road Epsom 2
2
1
26
$750
Days on market
Rent per week
LEASED 7/17 Margot Street Epsom 4
2
2
8
$820
Days on market
Rent per week
LEASED 34B Bellevue Road Mount Eden 5
2
1
8
$1,200
Days on market
Rent per week
LEASED 5/16 Akepiro Street Mount Eden 2
1
2
24
$690
Days on market
Rent per week
LEASED 3E/160 Symonds Street Eden Terrace 2
2
2
2
8
$650
Days on market
Rent per week
LEASED 14 Trafalgar Street Onehunga 4
1
1
8
$1,300
Days on market
Rent per week
LEASED 2/123 Grey Street Onehunga 3
2
1
13
$675
Days on market
Rent per week
LEASED 76 Hillsborough Road Hillsborough 4
1
2
13
$865
Days on market
Rent per week
LEASED 23/21 Hunters Park Drive Three Kings 3
2
2
17
$790
Days on market
Rent per week
LEASED 14 Tiki Street New Lynn 3
1
1
19
$820
Days on market
Rent per week
LEASED 74/42 Holly Street Avondale 3
1
2
21
$650
Days on market
Rent per week
LEASED 24 Meritage Lane Te Atatu South 4
2
2
26
$750
Days on market
Rent per week
LEASED 5A Satchell Place Birkenhead 2
1
1
15
$520
Days on market
Rent per week
LEASED 1 Roseberry Avenue Birkenhead 3
1
1
23
$650
Days on market
Rent per week
LEASED 14 Eastvale Close Greenhithe 4
2
2
20
$1,500
Days on market
Rent per week
LEASED 2/428 Great South Road Opaheke 2
1
1
10
$550
Days on market
Rent per week
LEASED 14 Matairangi Avenue Totara Heights 3
2
2
6
$745
Days on market
Rent per week
Properties Available
232 Remuera Road Remuera 4
3
12A Omahu Road Remuera 2
5
3
11 Debron Avenue Remuera 2
4
2
Available: NOW Rent: $3,500
Available: NOW Rent: $1,550
Available: NOW Rent: $1,160
164b Great South Road Remuera
5/1 Orakei Road Remuera
2/15 Ely Avenue Remuera
5
2
Available: NOW Rent: $1,050
3
2
1
Available: NOW Rent: $650
1
3
2
Available: 16.04.2022 Rent: $975
2
2
6/406 Remuera Road Remuera 3
4
7B Wiles Avenue Remuera 2
4
5
5 Wimbledon Way Remuera 2
3
2
Available: 01.04.2022 Rent: $1,500
Available: 20.04.2022 Rent: $1,650
Available: 28.03.2022 Rent: $790
6F/8 Farnham Street Parnell
46 Rautara Street Orakei
18/160 Kepa Road Orakei
2
2
2
5
3
2
2
1
Available: NOW Rent: $790
Available: NOW Rent: $1,350
Available: NOW Rent: $620
2/113 Atkin Avenue Mission Bay
1/6 Prebble Place Mission Bay
4/45 Riddell Road Glendowie
3
2
Available: 29.03.2022 Rent: $950
2
2
1
Available: NOW Rent: $650
1
4
2
Available: NOW Rent: $1,150
2
2
2
1/1 Seccombes Road Newmarket 2
2/8 Ballin Street Ellerslie
1
3
1/3 Ballin Street Ellerslie
2
3
2
Available: NOW Rent: $525
Available: NOW Rent: $660
Available: 05.05.2022 Rent: $895
10 Seccombes Road Epsom
120 Manukau Road Epsom
21A Bingley Avenue Epsom
6
2
1
2
1
1
5
3
Available: NOW Rent: $1,500
Available: 20.03.2022 Rent: $650
Available: NOW Rent: $1,500
2/11 Peary Road Mount Eden
26 Rocklands Avenue Mount Eden
402/11 Akepiro Street Mount Eden
2
1
Available: NOW Rent: $550
1
6
3
Available: NOW Rent: $1,590
2
2
1
Available: NOW Rent: $595
2
2
1/18 Windmill Road Mount Eden 4
2
104a Leybourne Circle Glen Innes 1
2
1
10 Bellona Rd Panmure 1
3
1
1
Available: NOW Rent: $895
Available: 30.04.2022 Rent: $650
Available: NOW Rent: $650
11 Ambury Avenue Royal Oak
4 Mangahoe Road Mount Wellington
B401/70 Victoria Street Onehunga
3
2
2
2
1
1
1
1
Available: NOW Rent: $795
Available: NOW Rent: $650
Available: NOW Rent: $550
38 West End Road Herne Bay
36 West End Road Herne Bay
43 Miller Street Point Chevalier
3
1
Available: NOW Rent: $950
1
1
1
Available: NOW Rent: $580
3
1
Available: NOW Rent: $590
1
1
15a Akarana Avenue Mount Roskill 3
2
52 Ellis Avenue Mount Roskill 2
3
1
Available: 24.03.2022 Rent: $680
Available: NOW Rent: $675
4a Raines Avenue Forrest Hill
36 Ponga Road Opaheke
4
1
Available: NOW Rent: $795
3
2
Available: NOW Rent: $1,100
6/49 Holbrook Street Blockhouse Bay 1
5
5
Available: NOW Rent: $1,400
2
2
You never know how much you’ll save. Refinancing your investment property to improve cashflow. 4Loan Amount - $550,000 4Property Value - $950,000 4Rental Income - $650 per week 4Current Lender Interest rate - 4.45% Repayments of $640 per week (principle and interest)
4New Lender Interest Rate - 2.79% Repayments are now $520 per week This brings you savings of $120 per week or $6,240 a year. Much easier than getting a tenant to pay an extra $120 per week!
Contact your local Loan Market Adviser. NZ's #1 Mortgage Adviser for 2021 Cameron Marcroft Mortgage Adviser 027 687 5784 cameron.marcroft@loanmarket.co.nz www.loanmarket.co.nz/loan-market-central
You've got the house. Now let's make sure you never lose it. Lydia McIndoe Lead Administrator
Johny Winstone Insurance Adviser
M: 021 512 082
M: 021 626 898
l.mcindoe@insurance-market.co.nz j.winstone@insurance-market.co.nz
Karina Reardon Business Relationship Manager M: 021 457 072 k.reardon@insurance-market.co.nz