Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 
559 posts

Ultimate Geek


  # 1658053 26-Oct-2016 11:40
Send private message

Not surprised at the competition. Was stressful when we were looking to rent for the first time in Wellington in our mid 20s and took a while to find somewhere. We'd had enough of flatting with strangers then my parents retired, and sold up and downsized so gave us all their old furniture/appliances which meant we could rent a place and not have to go out and buy everything to furnish it at the same time.

 

Was very competitive. Definitely remember going to viewings and handing in forms along with several other groups, then just never hearing back. Difficult not to take it personally too. We were 25 and 28 with decent jobs and good references from bosses and previous landlords (had been living in owner-occupied flatting situations so references from landlords who had actually lived with us) and couldn't understand what people were finding wrong with us. One place we were really keen on, and we called the landlord a couple of times after viewing saying so and that we could come around and pay the bond immediately but he just said he was having another viewing the next weekend so wanted to "give other people a chance and see who else comes." Having not been through it before it came as a shock that someone was turning down money like that and waiting another week in case anyone else turned up so put it down to him probably not wanting young people because he assumed they would have parties and wreck the place. But it wasn't like we were 19 year old students and presumably we'd be looking closer to town if we were like that, not out in Johnsonville. Eventually we got a text that he had chosen someone else.

 

Eventually got lucky as I happened to notice an ad for place that seemed to have everything we wanted within about 5 minutes of it going up on Trademe so I was first to call the landlord, and first to view it. We were really keen on it and after a call to his wife to check with her he was keen enough on us that we signed up on the spot. Seemed the tenants had unexpectedly handed in their notice early and he didn't want the hassle of seeing loads of possible tenants so it worked out well for him too. We've been in the place 4 years now and no plans to move until we're able to buy. It was sold towards the end of the 3rd year but thankfully to landlords who retained us. Seems too much hassle to go through all this and the actual packing, moving and unpacking just to rent again.

 

Ironically, we happened to notice the other place was up for rent again after a couple of months so it must not have worked out with whoever he chose in the end.

 

 




5385 posts

Uber Geek


  # 1658094 26-Oct-2016 12:35
Send private message

joker97: Aami is Australian dude

 

https://www.youtube.com/watch?v=NbLhHtaVIO4 

 

 





Mike

 
 
 
 


Mad Scientist
20924 posts

Uber Geek

Trusted
Lifetime subscriber

  # 1658229 26-Oct-2016 15:06
Send private message

MikeAqua:

 

joker97: Aami is Australian dude
 

 

https://www.youtube.com/watch?v=NbLhHtaVIO4 

 

 

 

Sorry bro.





Involuntary autocorrect in operation on mobile device. Apologies in advance.


1770 posts

Uber Geek

Trusted

  # 1658342 26-Oct-2016 16:28
Send private message

You didn't note which area you are looking at, myself and SWMBO are currently looking at relocating back to the 'burbs. Auckland North Shore.

 

Fairly hefty rents, nothing decent under $600.0 for a 3 bedder + garage.

 

Anything less than $600.00 is a bit murky, has designs fromm the 70's, or in a cramped cul-de-sac, nothing we really wanted to make a viewing for.

 

Was booked for a viewing at one, last week, and we were called 30 minutes before with the owner saying that they had a renter willing to pay $50.00 more than advertised..

 

Trademe is no longer the primo site for obtaining rental listings, realestate.co.nz has a far more expansive rental listing. But cant sort by pets . :-(

 

 





My thoughts are no longer my own and is probably representative of our media-controlled government


976 posts

Ultimate Geek

Trusted

  # 1658371 26-Oct-2016 17:14
Send private message

tdgeek:

 

alasta:

 

Whereabouts was this?

 

It makes you wonder if rents are about to increase dramatically to catch up with the rise in house prices. When investors stop getting their return from massive capital gains then something dramatic is going to have to happen.

 

 

I don't think so. House buyers can and will pay more if they want to, renters in general are more likely to be income limited. So, the market would see the ROI drop, and if house prices stabilise, investors will look elsewhere. House prices may ease. Buyers and renters will look to other towns and locations.  

 

 

I think you will see a squeeze at both ends to be honest. But yes there is only so far the rent can go, its mainly dictated by the market. Otherwise tenants will move decide to move out because they will find something better.

 

Property investment over the last few years provided amazing capital gains. Even if the ROI from the property was flat-ish.  We have a massive problem now where the housing stock market cap is so high, the sharemarket looks like a joke. Which begs the question, where is all the money coming from to pay for and service all this debt. Oh yeah if you thought first home buyers have a problem.... you would just be scratching the surface of the mess that is lying underneath.


defiant
1004 posts

Uber Geek

Lifetime subscriber

  # 1658411 26-Oct-2016 17:58
Send private message

SepticSceptic:

 

 

 

Trademe is no longer the primo site for obtaining rental listings, realestate.co.nz has a far more expansive rental listing. But cant sort by pets . :-(

 

 

Maybe for Auckland?

e.g., realestate.co.nz for Wellington, Miramar = 1 listing vs Trademe = 13 listings

 

 


1304 posts

Uber Geek


  # 1658511 26-Oct-2016 20:17
Send private message

SepticSceptic:

 

You didn't note which area you are looking at, myself and SWMBO are currently looking at relocating back to the 'burbs. Auckland North Shore.

 

Fairly hefty rents, nothing decent under $600.0 for a 3 bedder + garage.

 

Anything less than $600.00 is a bit murky, has designs fromm the 70's, or in a cramped cul-de-sac, nothing we really wanted to make a viewing for.

 

 

 

 

Is this per week or per month??


 
 
 
 


Mad Scientist
20924 posts

Uber Geek

Trusted
Lifetime subscriber

  # 1658515 26-Oct-2016 20:19
Send private message

in AKL will be per week





Involuntary autocorrect in operation on mobile device. Apologies in advance.


1304 posts

Uber Geek


  # 1658520 26-Oct-2016 20:27
Send private message

joker97:

 

in AKL will be per week

 

 

Thanks. I guess I've been away long enough now for a new kind of normal to set in. In Vancouver, $2200 a month is reasonable. That will get you a one bedroom apartment in an apartment block with a shared laundry, no outdoor space, and no parking. To get a 3+ bedroom home a la Kiwi style you'd expect to pay somewhere between $5,000 and upwards a month. Plus utilities and everything else, as is the case in NZ. With all the comparisons between Auckland and Vancouver, both being overheated real estate markets, I assumed that rentals would be much of a muchness. 


4387 posts

Uber Geek

Trusted
Subscriber

  # 1658537 26-Oct-2016 20:44
Send private message

It's scary to think that a 20% increase in my rent would have the same impact on my finances as a 40% increase in my grocery bill, a 300% increase in the price of electricity, or a 500% increase in the price of fuel. I think inflation adjusted rental increases will be at least 20% over the next three years given the apparent high demand and short supply. 


3102 posts

Uber Geek

Trusted
Subscriber

  # 1658662 27-Oct-2016 00:01
Send private message

joker97: Aami has renters insurance (last i checked 100 bucks a year. No they cannot enter at will. What are you taking about.

 

Tell my ex-property manager that. Hence why I prefer the NZ approach where noone gets a key but you.

 

Also on the insurance, there's a clever exclusion in the PDS. Specifically, you are not covered for theft by anyone who enters the house that has authority to enter it - this includes obviously tenants, but also the real estate agency and their employees, tradespeople engaged by the real estate agency, and randoms being shown through at inspections. Hence, the contents cover isn't worth a damn because if they can pin it on one of those categories of people, claim denied. And its pretty easy to claim it was probably one of those groups of people.


Mad Scientist
20924 posts

Uber Geek

Trusted
Lifetime subscriber

  # 1659011 27-Oct-2016 13:34
Send private message

Kyanar:

 

joker97: Aami has renters insurance (last i checked 100 bucks a year. No they cannot enter at will. What are you taking about.

 

Tell my ex-property manager that. Hence why I prefer the NZ approach where noone gets a key but you.

 

Also on the insurance, there's a clever exclusion in the PDS. Specifically, you are not covered for theft by anyone who enters the house that has authority to enter it - this includes obviously tenants, but also the real estate agency and their employees, tradespeople engaged by the real estate agency, and randoms being shown through at inspections. Hence, the contents cover isn't worth a damn because if they can pin it on one of those categories of people, claim denied. And its pretty easy to claim it was probably one of those groups of people.

 

 

I think you have it slightly off - I am not getting renter's insurance so that it can be declined when the property manager steals stuff. That's for the police to sort out. THe renter's insurance is so that if me, my wife or kids accidentally burnt the apartment complex down I don't get sued.





Involuntary autocorrect in operation on mobile device. Apologies in advance.


Mad Scientist
20924 posts

Uber Geek

Trusted
Lifetime subscriber

  # 1659012 27-Oct-2016 13:35
Send private message

And for a 100 aussie bucks, it really isn't a lot of money to cover that.





Involuntary autocorrect in operation on mobile device. Apologies in advance.


1770 posts

Uber Geek

Trusted

  # 1659091 27-Oct-2016 15:20
Send private message

Elpie:

 

joker97:

 

in AKL will be per week

 

 

Thanks. I guess I've been away long enough now for a new kind of normal to set in. In Vancouver, $2200 a month is reasonable. That will get you a one bedroom apartment in an apartment block with a shared laundry, no outdoor space, and no parking. To get a 3+ bedroom home a la Kiwi style you'd expect to pay somewhere between $5,000 and upwards a month. Plus utilities and everything else, as is the case in NZ. With all the comparisons between Auckland and Vancouver, both being overheated real estate markets, I assumed that rentals would be much of a muchness. 

 

 

Yeah, the new normal is now quite abnormal :-)

 

However, you would need to compare average income in both areas to get an idea of the difference.

 

Assume we are getting $10000 gross  per month, combined.





My thoughts are no longer my own and is probably representative of our media-controlled government


1 | 2 
View this topic in a long page with up to 500 replies per page Create new topic



Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Arlo unveils its first video doorbell
Posted 21-Oct-2019 08:27


New Zealand students shortlisted for James Dyson Award
Posted 21-Oct-2019 08:18


Norton LifeLock Launches Norton 360
Posted 21-Oct-2019 08:11


Microsoft New Zealand Partner Awards results
Posted 18-Oct-2019 10:18


Logitech introduces new Made for Google keyboard and mouse devices
Posted 16-Oct-2019 13:36


MATTR launches to accelerate decentralised identity
Posted 16-Oct-2019 10:28


Vodafone X-Squad powers up for customers
Posted 16-Oct-2019 08:15


D Link ANZ launches EXO Smart Mesh Wi Fi Routers with McAfee protection
Posted 15-Oct-2019 11:31


Major Japanese retailer partners with smart New Zealand technology IMAGR
Posted 14-Oct-2019 10:29


Ola pioneers one-time passcode feature to fight rideshare fraud
Posted 14-Oct-2019 10:24


Spark Sport new home of NZC matches from 2020
Posted 10-Oct-2019 09:59


Meet Nola, Noel Leeming's new digital employee
Posted 4-Oct-2019 08:07


Registrations for Sprout Accelerator open for 2020 season
Posted 4-Oct-2019 08:02


Teletrac Navman welcomes AI tech leader Jens Meggers as new President
Posted 4-Oct-2019 07:41


Vodafone makes voice of 4G (VoLTE) official
Posted 4-Oct-2019 07:36



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.