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2<br />
[Edition datE] 13<br />
Your guide to all things Real Estate<br />
in the <strong>Selwyn</strong> District<br />
What’s<br />
happening<br />
with rentals<br />
in Rolleston?<br />
Property managers have described the<br />
current rental market in Rolleston as quite<br />
buoyant. New and established properties<br />
are being snapped up quickly, with<br />
numerous applications being provided<br />
to the landlord for selection. As a result,<br />
many rentals are finalised within 2–3<br />
weeks of being advertised. However, some<br />
properties are not advertised as property<br />
managers already have a tenant waitlist.<br />
The median rental price for a threebedroom<br />
property is $500–$530 a<br />
week, while a four-bedroom property<br />
is likely to rent for $550 and upwards.<br />
Common features that tenants seek are<br />
two bathrooms and double garaging, and<br />
these features can command a higher<br />
rent. Another consideration is whether<br />
the rental is pet friendly. This decision<br />
comes down to individual landlords, but<br />
communication and open discussion, and<br />
even supplying references may help your<br />
application.<br />
As a renter, with numerous applications<br />
being lodged, you may be looking for tips<br />
to get your applications accepted. Some<br />
viewings are by appointment only, and<br />
the property manager will get to meet<br />
you and ask questions. This meeting is<br />
your opportunity to show yourself in<br />
the most favourable light. Landlords<br />
and property managers are looking for<br />
what makes you stand out from other<br />
applicants. Therefore, it is essential to<br />
lodge a fully completed application as<br />
soon as you can. This application can also<br />
be an opportunity to include details about<br />
yourself, family or pets and even a photo<br />
to make you stand out.<br />
On the other side of rental properties<br />
is the market for investors or owners.<br />
There has been a significant shift upwards<br />
in house purchase prices, which doesn’t<br />
always equate to what rent landlords can<br />
charge. Landlords must also consider<br />
compliance requirements and healthy<br />
homes regulations, and a common issue<br />
appears to be heating compliance. Not<br />
all new builds meet these healthy homes<br />
criteria for rentals. The healthy homes<br />
standards have specific and minimum<br />
heating, insulation, ventilation, moisture<br />
and drainage standards, and draught<br />
stopping requirements for rental<br />
properties. Tenancy Services states, “All<br />
private rentals must comply with all<br />
healthy homes’ standards within 90 days<br />
of any new or renewed tenancy on or<br />
after 1 July <strong>2021</strong>, with all private rentals<br />
complying by 1 July 2024.” Landlords who<br />
don’t meet the healthy homes standards<br />
are in breach of the Residential Tenancies<br />
Act 1986 and may be liable for damages<br />
up to $7,200.<br />
Design<br />
& Build<br />
your home<br />
30 years industry experience<br />
Locally owned family business<br />
Owner-operated hands on<br />
approach to both building<br />
and project management<br />
Call today 021 0252 6012 | www.absolutehomes.co.nz | facebook/absolutehomes
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