Local News

Often confusion happens around what rent in advance means, so let's explain this common tenancy term

If you are a Propertyscouts Client, you need not worry as we have you covered with our Guaranteed Rent!
If not, then here is a run down on what you can do if your tenant misses a rent payment at your rental property

The private rental market in New Zealand has continued to grow in recent years, driven by rising house prices and increasing immigration. Currently, there are about 1.7 million renters across the country, with over 80% renting from the private market. These numbers are expected to rise as more people rely on the private rental market for longer periods and later in life.

How to attract good tenants, and keep them.
Here is our list of features that tenants look for when searching for their next rental home

Routine property inspections are a vital responsibility for Propertyscouts and property management teams, ensuring that properties remain in excellent condition and tenants are satisfied. Although property managers aren’t certified building inspectors, they should still focus on several key areas to prevent minor issues from escalating into significant problems. Here are five essential aspects that Propertyscouts Prioritise during Routine Inspections

Check out the summary of Dunedin Rental Market from Bex at Propertyscouts Dunedin

The RTA Amendment Bill 2024 has been introduced to parliament and passed its first reading this week, which is exciting news for both property owners and tenants. One significant area of change involves the policies surrounding pets in rental properties.

We anticipate the following impacts on the Dunedin rental market:

Student Properties: The introduction of fixed-term agreements will benefit both owners and tenants. These agreements provide a clear end date and allow properties to be advertised early, giving students security for the following year and a variety of options to choose from. For owners, this means better knowledge of rental income for the upcoming year.

Residential Tenancies: The amendment will provide an opportunity for tenants with little rental history or previous issues to prove themselves as reliable tenants. Currently, the difficulty in ending tenancies discourages owners from taking chances on these tenants, often resulting in increased emergency housing needs. This change will benefit both tenants and property owners by allowing tenants to demonstrate their reliability, while also making it easier to address problematic behavior and maintain a positive living environment for all residents.

Pets: The National government aims to encourage property owners to allow pets by permitting a pet bond of up to two weeks' rent. There will be specific reasons allowed for refusing pets, mainly based on suitability and other clauses, ensuring refusals are reasonable. This aspect of the bill may have mixed reactions, and it will be interesting to see how it is implemented.

Overall, the RTA Amendment Bill 2024 promises significant improvements for the rental market, balancing the needs and interests of both tenants and property owners.

Click the link below to read the full article as mentioned on Tenancy.co.nz

While the market in Dunedin has seen many new listings, and sales numbers are well down, it certainly appears although a slow burn, things have hit the bottom in Dunedin.  We have certainly noticed some increase in investment circles citing Dunedin as being well priced and a strong economy, currently Dunedin is the countrys cheapest major metro for real estate, which is certainly worth looking at.

Read the latest One Roof article for the full story.

If you're having trouble selling your property, consider renting it out with Propertyscouts Dunedin.