A Quick Guide to Renting a Property in New Zealand

When moving to New Zealand, one of the most important matters you should take care of ASAP is finding a new home. After all, you certainly cannot stay at a hotel throughout the duration of your stay because that would be extremely expensive. When it comes to having a place to stay, you have two options: you can either buy a property or you can rent one. In case you decide to rent one, here’s some helpful information you should know.

Where to look

To find rental properties in New Zealand, you can seek the assistance of real estate agents. You can also contact landlords directly. Another great alternative is to go online. There are numerous websites that offer a lot of information about rental properties that are available in New Zealand. A great example is TradeMe Property, a popular privately operated website that lists down lots of rental properties being advertised.

Good rental properties, however, are in huge demand. It’s best that you act quickly and immediately contact the landlord if you want to find a good property to rent.

Cost of renting a property in New Zealand

Like in any country, the cost of renting a home depends on the quality, location, and size of the property. But to give you an idea of how much you need to spend on renting a house or flat, the national average cost of renting a three-bedroom home as of March 2014 is NZ$374. However, the average weekly rent could still vary regionally. For instance, in central parts of Auckland and Wellington, the average rent is NZ$597.Renting-a-house-in-New-Zealand

Meanwhile, landlords will require you to pay two week’s rent in advance when you first rent a property. If you found the property through an agent, you will have to pay a letting fee, which is usually one week’s rent plus GST.

You’ll also need to put up a bond equivalent to of up to four week’s rent. Don’t worry; you can get it back once your lease expires. However, you must ensure that the place is in good condition when you leave.

Insurance, council taxes, and costs
Landlords are the ones responsible for insuring the property and paying the taxes imposed by the local council.

As a tenant, on the other hand, it is your responsibility to obtain coverage for your own possessions and to pay for utilities like gas and electricity. You are also liable for any damage you might cause to the rental property.