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Hamilton Rental Properties - What are Tenants Searching for?

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Author: Oliver Pearson

Manager and Property Investor for 20+ years

Jul 16, 2021
Laptop used to search rental properties

On TradeMe, what are the most searched rental properties for the last 90 days?

 

What rent are tenants most willing to pay?

 

How many bedrooms and bathrooms are popular?

 

And how many of those properties are available?

These charts, which are specific to the Hamilton rental market, will answer those questions…

 

Demand (number of searches) and Supply (new listings) by type of property in Hamilton over the last 90 days

 
What's in short supply and high demand? Properties in the $500-$600/wk bracket, 2-3 bedrooms and 2 bathrooms. Demand is outstripping supply in that section of the Hamilton market and any vacancies are getting quickly filled. That mirrors what we see amongst the pool of properties that we manage.

 

What's in over supply? 1-bedroom, 1-bathroom properties around $300/wk rent. Again, this lines up with what we are seeing on the ground and is partly due to the lack of overseas students due to Covid and also several recently completed developments that have caused a short term over supply of studio and 1-bedroom apartments in central Hamilton.

 

Knowing what's going on in the market is vital for any Property Investor.

 

At Waikato Real Estate we manage over 1,000 properties and have an excellent feel for what's popular and what makes a great investment.

Author Image

Oliver Pearson

Manager and Property Investor for 20+ years

Author Image

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.

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