With the average price of $550,000, Hamilton affordability has decreased, though the city still remains the most affordable of all major North Island cities.
Demand for rental accommodation remains strong with over 160,000 people continuing to rent. Unfortunately tighter lending restrictions are driving a lack of supply with reported vacancy rates as low as 1%.
If you’re one of 14,000 Hamilton landlords, myRent can help to manage and advertise your property. myRent offers simplified, flexible, intuitive property management for only $10 per month and Hamilton property advertising on myRent, Trade Me, realestate.co.nz, OneRoof, Homes.co.nz and myRent and for a one-off fee of $75.
What does the average renter in Hamilton looks like?
34 Years Old
Number of renters in each age category
Median renters household income
83% drive to work and it takes on average 16 mins
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 Hamilton
To see how myRent can help you with rental property management in Hamilton and to make your property advert seen by more potential tenants, follow the link below.
Sources of stats: Hamilton City Council, Hamilton's Housing Market and Economy: Growth Indicator Report, March 2017. CoreLogic New Zealand Monthly Property Market & Economy Update May-June 2017. REINZ Monthly Property Report May 2017. QV.co.nz. Smallman, E., Stuff (2017). Waikato property market reaching 'inflection point'. Statistics New Zealand. (2013). Profile and summary reports. Hamilton real estate market (2017). Hall, S (2017). 2017 So Far - Sales Data for the Hamilton Property Market'