How we appraise the rental market in Dunedin

The Dunedin rental market is impacted by a number of things. Some things have a greater impact than others. To make accurate rental appraisals we need to look at the historic data but then also try to predict the future changes that will impact these things.

The historic data is available and easy to look at through tenancy services however, it includes data from up to 12 months prior so it is often not very accurate i.e. bonds lodged 12 months ago will skew the averages. This means that real time information on the ground becomes more important. For example, the tenant demand in the market place and the length of time it takes to fill a vacant property.

We also take into account a variety of data points and assess them on a two point scale: is this negative, or positive for rental properties in Dunedin. Below is a list of items and where we assess them at the moment:

As you can see there are more negative factors than positive. The positive factors though will start to take root and impact the overall sentiment and slowly we will see more positive data in the media. When this does happen I’ll be the first to share it with you.