May 22, 2013

Flat Rents and Rentals in Waikato / Hamilton

Waikato and Hamilton weekly rents for unfurnished accommodation. Two / Three Bedroomed Flats | Waikato | Hamilton | Matamata | Taupo | Thames / Coromandel

Waikato and Hamilton Weekly Rent For 2 Bedroom Flats – Unfurnished

Location One quarter of 2 bedroom flats rent for less than: Average (median) rent for a 2 bedroom flat: One quarter of 2 bedroom flats rent for more than:
Hamilton – Claudelands $190 $200 $217
Hamilton – Deanwell / Melville / Fitzroy $210 $226 $250
Hamilton – Dinsdale North / Nawton $230 $260 $270
Hamilton – Dinsdale South / Frankton $232 $295 $321
Hamilton – Fairfield / Fairview Downs $280 $282 $290
Hamilton – Hamilton Central / Maeroa / Frankton Junction $190 $215 $250
Hamilton – Hillcrest / Silverdale / Tamahere $215 $235 $250
Hamilton – Te Kowhai / St Andrews / Queenwood $235 $255 $280
Hamilton – University / Hamilton East $190 $200 $220
Hauraki District $158 $180 $211
Matamata / Piako District $180 $200 $220
Otorohanga / Waitomo – Both Districts $150 $155 $178
South Waikato District $100 $120 $140
Taupo – Taupo Central / Tauhara $190 $212 $245
Taupo – Taupo West / Taupo South $200 $220 $247
Thames / Coromandel District $186 $212 $230
Waipa – Cambridge / Leamington $191 $230 $252
Waipa – Te Awamutu $210 $220 $220

Waikato and Hamilton Weekly Rent For 3 Bedroom Flats – Unfurnished

Location One quarter of 3 bedroom flats rent for less than: Average (median) rent for a 3 bedroom flat: One quarter of 3 bedroom flats rent for more than:
Hamilton – Claudelands n/a n/a n/a
Hamilton – Deanwell / Melville / Fitzroy $200 $300 $365
Hamilton – Dinsdale North / Nawton n/a n/a n/a
Hamilton – Dinsdale South / Frankton $240 $295 $360
Hamilton – Fairfield / Fairview Downs $187 $300 $331
Hamilton – Hamilton Central / Maeroa / Frankton Junction $265 $280 $320
Hamilton – Hillcrest / Silverdale / Tamahere n/a n/a n/a
Hamilton – University / Hamilton East $270 $320 $370
Hauraki District n/a n/a n/a
Matamata / Piako District n/a n/a n/a
Otorohanga / Waitomo – Both Districts n/a n/a n/a
South Waikato District $112 $125 $155
Taupo – Taupo Central / Tauhara $252 $290 $303
Taupo – Taupo West / Taupo South n/a n/a n/a
Thames / Coromandel District $250 $250 $285
Waipa – Cambridge / Leamington $250 $270 $280
Waipa – Te Awamutu n/a n/a n/a

The prices above were recorded during the six months to 31 December 2012.

Data provided by the Tenancy Services Division of the New Zealand Government’s Ministry of Housing.

Market rent is described in the Residential Tenancies Act as the amount of money a willing landlord might reasonably expect to receive, and a willing tenant might reasonably expect to pay for the tenancy, in comparison with rent levels for similar properties in similar areas.

Rental prices from the Tenancy Services Division include rentals for social housing so market rents in the lower quarter of prices are unlikely to be found in the private sector in some suburbs.

Rental properties in New Zealand are typically let from around the beginning of the calendar year for 12 months. Because of this there is generally an increase in rents at the beginning of the year.

From the selection displayed, the Tenancy Services Division figures show that in Waikato / Hamilton the most expensive average rent for a two bedroomed flat is in the Hamilton suburbs of Dinsdale South / Frankton at $295 per week. The cheapest is in South Waikato District at $120 per week.

For a three bedroomed flat in Waikato / Hamilton the most expensive average rent is in the Hamilton suburbs of University / Hamilton East at $320 per week and the cheapest is in South Waikato District at $125 per week.

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