With an average property price of $409,000, it's easier for investors to come up with a 40% deposit to purchase property in Dunedin than in another main city.
The students who attend the University of Otago are still very much the life of the city, accounting for almost 50% of the Dunedin rental market. It is no wonder then that Dunedin has a significantly higher number of tenants reporting income from unemployment benefits, invalid’s benefits, and student allowance.
If you’re one of the 10,000 landlords with rental property in Dunedin, myRent can help manage and advertise your property. myRent offers simplified, flexible, intuitive property management for only $15 per month and Dunedin property advertising on myRent, realestate.co.nz, OneRoof, Facebook, Trovit and myRent and for a one-off fee of $50, and Trade Me and Homes.co.nz listings for an extra $140.
What does the average renter in Dunedin looks like?
32 Years Old
Number of renters in each age category
24% tenants are born overseas
Median renters household income
Renters sources of income
Wages - 68%
Welfare benefits – 27%
Interest / dividends – 10%
Self-employed – 9%
Superannuation – 8%
Accommodation Supplement – 6%
Pension annuities – 4%
Rent – 3%
Other – 9%
72% drive to work and it takes on average 14.5 mins
41% tenants are single
Number of bedrooms preference
Number of cars per household
Number of renters who have access to internet
Number of renters who have access to mobile phone
Average rent in Dunedin
Most common tenure
1 year fixed term agreement
Tenant's biggest concern
Top 3 things tenants would like to improve in their current property
Securing tenancy is easy
70% of tenants in Dunedin secure first rental property they apply for
Tenants and Discrimnation
Dunedin tenants are significantly less likely to be turned down than tenants in Auckland, Christchurch and Wellington
To see how myRent can help you with rental property management in Dunedin and to make your property advert seen by more potential tenants, follow the link below.
Sources of stats: CoreLogic NZ Ltd (2017). Ental Analysis. landlords.co.nz. (2017). Dunedin Experiencing Growth.. Property.trademe.co.nz. (2017). Rents for urban properties reach all-time high | Buying, selling, renting.... 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.. Theunissen, M. (2017). Is Dunedin the new property hot-spot?. NZ Herald.