The recent drop in interest rates has brought some relief to property owners across New Zealand. However, many landlords are still locked into higher fixed-term rates from previous years, meaning the financial benefits of the rate cuts have not yet reached everyone. This mixed situation is creating varied conditions in the rental market.
Currently, the Hamilton rental market is soft, with a higher supply of rental properties than demand. Tenants now have more options, putting pressure on landlords to ensure their properties are competitively priced and well-maintained to attract reliable tenants.
While statistics from Tenancy Services can be helpful for understanding market trends, Trade Me remains the top platform for listing properties and has the most up-to-date market prices. For a more tailored approach, call our team at Quality Rental Management for a current market appraisal.
At Quality Rental Management, we’re dedicated to helping landlords navigate these challenging times. From ensuring your property is compliance-ready to providing expert advice on setting the right rental price, we’re here to support you.
If you’re experiencing difficulties with your rental property or want to discuss market trends, feel free to reach out to our team for guidance. Together, we’ll make sure your investment remains a success.