Buying a rental in Hamilton? Here's one chart you need to see...

Wouldn’t you want to know whether rents in your suburb are outperforming or underperforming other suburbs before investing in a rental property?

Well, we thought that would be interesting to see, so we crunched the numbers and presented them in this neat little map for you.

Hamilton as a whole saw 3-bedroom rents increase by 6.9% ($30/wk) over the last 12 months.

Interestingly some popular suburbs like Chartwell (+6.3%), Dinsdale (+6.5%) Rototuna North (+6%) and Flagstaff (+5.4%) saw rent increases lag behind the city’s average (+6.9%).

So which suburbs outperformed the average?

Fitzroy (+16.6%) and Forest Lake (+15.9%) were the two standouts, however those suburbs each account for just 1% of the city’s stock of 3-bed rental properties, so perhaps we should refrain from any conclusions there.

Of the more popular suburbs we saw Frankton, Hamilton East, Nawton, Melville and Enderley all post rental increases of 11% or more.

Winding the clock back 5 years shows a similar story for all those suburbs.

The lesson to take out of this for any investing in Hamilton property? Invest in suburbs where rents are growing, not stagnating.

Oliver Pearson

Manager and Property Investor for 20+ years

Oliver Pearson

Manager and Property Investor for 20+ years

Oliver Pearson began investing in property aged 21 and has since bought, developed and sold real estate in the UK, USA, South East Asia and New Zealand. After a career in banking he is now on the management team at Waikato Real Estate and has contributed to property articles for NZ Herald, Stuff and Property Investor Magazine.

Based in Raglan, Oliver's passions extend beyond property to surfing, hydrofoiling, and providing a taxi service for his children.