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Christchurch Property Management

Photo: Aerial image of Christchurch suburbs by New Zealand Defence Force

Christchurch landlords and tenants went through a few rocky years following the earthquakes, with rental property prices spiking to an average of $495 in March 2015

Christchurch city experienced little to no growth in the last year with the average property price reported in August being $465,000.

Nonetheless, 40% of people in Greater Christchurch are living in rental accommodation. With no significant drops expected in the foreseeable future, the weekly average rent is set to remain around the $420 mark.

If you’re one of the 30,000 Christchurch landlords, myRent can help to manage and advertise your property. myRent offers simplified, flexible, intuitive property management for only a $10 per month and Christchurch property advertising on myRent, Trade Me, realestate.co.nz, OneRoof, Homes.co.nz and myRent and for a one-off fee of $75.

$10 Property Management Find Tenants for $75

What does the average renter in Christchurch looks like?

Gender

Renter tenant gender split graph - Chrischurch property management

Average age

36 Years Old

Number of renters in each age category

Tenant renter age split graph - Christchurch property management

Ethnicity

Renter tenant ethnicity graph - Property management in Christchurch

Multicultural

30% tenants are born overseas

Median renters household income

$60,000 - $70,000

Low income households are less likely to rent

Households on low incomes are less likely to be renting if they lived in Christchurch than if they lived in other metropolitan areas.

Renters sources of income

Wages - 71%

Welfare benefits – 15%

Self-employed – 11%

Interest / dividends – 5%

Accommodation Supplement – 5%

Superannuation – 5%

Pension annuities – 4%

Rent – 3%

ACC – 1%

Other – 6%

Work travel

71% drive to work and it takes on average 20 mins

Typical household size

78% of households tended to be of typical size of four persons or less.

Relationship status

57% tenants are married or de facto

Number of bedrooms preference

Rental property number of bedrooms graph - Property management in Christchurch

Number of cars per household

Number of cars in rental property graph - Christchurch property management

Number of renters who have access to internet

71%

Number of renters who have access to mobile phone

81%

Average rent in Christchurch is $420

Apartment - $428

Townhouses - $410

Units - $320

1-2 Bed Place - $350

3-4 Bed Place - $450

5- Bed Place - $750

Most common tenure

1 year fixed term agreement

High turnover

46% tenants had moved in the last two years

Biggest reason to leave previous place

Tenants main reason to move graph - Property management in Christchurch

Tenant's biggest concern

Rent hikes

Property repairs and maintenance

Half of Christchurch tenants are satisfied with rental property repairs and maintenance. Even though cracks and other damage caused by the earthquakes are common, people tend to put up with them without much complaint.

Tenants ability to save

Just over a third of tenants are able to save or invest money, with Christchurch having a highest median savings of $10,000 in the country.

Top 3 things tenants would like to improve in their current property

Insulation 26%

Heating 14%

Kitchen 9%

Tenants and Discrimnation

Almost a quarter of Christchurch tenants thought they had been unfairly turned down when applying to rent a property

Relationship with landlord

A good relationship with the landlord was highly valued and a majority of tenants preferred dealing directly with a landlord rather than through a property manager

To see how myRent can help you with rental property management in Christchurch and to make your property advert seen by more potential tenants, follow the link below.

$10 Property Management Find Tenants for $75

Sources of stats: ENZ (2017). House Prices in Christchurch.. Property.trademe.co.nz. (2017). Tenants under pressure amidst record-breaking rents Statistics New Zealand. (2013). Profile and summary reports.. The New Zealand Rental Sector, Report ER22. (2017). [online] Auckland: SHORE & Whariki Research Centre, College of Health Massey University..

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