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Most people arriving in New Zealand like to rent for a time until they are more familiar with different areas, the life style, travel times and are settled in work.

Like the housing market, the rental market has a large variety of home available varying from rural properties to town houses to central city apartments and everything in between. As New Zealand has a high level of home owner occupiers there is a shortage of quality rentals available. Rental properties are in high demand and the better houses rent very quickly.

Most real estate agencies have a dedicated rental department which look after rental properties on behalf of the owners. They will be able to show you properties they have available that suit your requirements. If you like one, they will process your application and liaise with you direct through your tenancy period. Rentals are also advertised in the classified section of local newspapers and via numerous websites, the most popular being www.trademe.co.nz.

Most rental homes are available unfurnished, however, a few homes and some city apartments rent furnished for a higher rental rate. In the seasonal tourist towns holiday lets often become available, furnished, for longer rental periods during the slow season. To start out, before your container arrives or until you purchase your own, with you may consider hiring appliances and furniture. There are a number of dedicated rental businesses such as www.mrrental.co.nz which hire almost anything, deliver and install, and are very easy to deal with.

You can expect to pay a wide variance in price depending on where you wish to rent. In the central suburbs of Auckland weekly rent for a nice three bedroom home is between $500 and $800 per week, the outer suburbs of Auckland see this drop by $200. Central Wellington, $450 to $650 per week, the outer suburbs dropping to between $250 and $450. Central Christchurch, $300 to $400 with most of the outer areas dropping to between $250 to $350. Most small towns and rural areas are slightly cheaper than the main centres. See www.minhousing.govt.nz/market-rent for helpful information on rental prices for the Department of Building and Housing.

When renting you will sign a Tenancy Agreement; either fixed for a period of time or flexible with a notice period. Most landlords, even in the inner city apartment market, insist on a minimum four month tenancy period. It is very useful to have at least three references, either in letter form, or by New Zealand telephone numbers for the letting agent or landlord to check your credentials.

Along with at least one to two weeks rent in advance you will be required to pay a bond which is usually the equivalent of four weeks rent. The bond is held in your name with the Department of Building and Housing and is refundable at the end of your tenancy period. If you secure a property through a letting agent they will also charge a fee of usually the equivalent of one week’s rent plus GST.

If you are starting afresh and buying all new furniture and appliances it pays to wait until the sales at the major retailers. These happen often and you can save as much as 30 to 50% by buying then. Quality second hand goods can be purchased easily now that online buying is so common. Once again check out the most popular website www.trademe.co.nz.

If you would love to get more information about renting in New Zealand, contact one of our immigration consultants and we can help point you in the right direction.

Category Immigration Consultants | Posted on Sunday, July 4th, 2010

 
 

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