Auckland’s property market has been rapidly changing in recent years. Periods of sudden growth followed by periods of decline have made the local real estate landscape uncertain and unpredictable. In times like these, having the assistance of a quality Auckland property manager can help you navigate the market while staying profitable.
Staying up to date with the local market and any regulations that affect your status as a property owner can help you make the right choices for your properties, your tenants and yourself.
The state of Auckland’s rental property market
With all of the recent changes, the current state of Auckland’s property market is unsure. There are a number of factors that are contributing to this uncertainty, including:
The ongoing COVID-19 pandemic. Even though the world is in a better state than it was when the pandemic started, the severe impact of the worldwide COVID-19 pandemic is still very noticeable in Auckland’s current property market. The economic challenges brought on by the pandemic have seriously disrupted the market. Auckland property managers and property owners must both work hard to deal with these ongoing effects.
The rising cost of living. The cost of living crisis has made it more difficult for people to afford many things, including paying rent or buying a new home. Statistics show that the cost of living for the average New Zealand household increased by 7.7 per cent in the twelve months leading up to March 2023.
Aside from the rising cost of living, Auckland’s average rent is also increasing. Even the most affordable sections of Auckland are seeing rising rent prices.
The government’s changes to the residential tenancies act. The government has made a number of changes to the Residential Tenancies Act in recent years. These recent changes are likely to have a positive impact on the local market, as they should make it easier for tenants to find quality rental properties.
What an experienced Auckland property management company can do for you
Despite the uncertainty, there are still positive signs in the Auckland property market. The city’s population is growing, and there is still a strong demand for rental properties that are in good condition and managed by smart Auckland property managers.
Your best option is to work with an experienced property management company that understands how to navigate the market, even while it’s unpredictable. Managing your properties alone can be a challenge, regardless of any changes in the real estate market. That’s where a skilful property manager can really help.
We at Hammond & Co are dedicated to providing you with excellent property management services. We’re a leading property management company in Auckland with many years of experience and have a deep understanding of Auckland's local real estate landscape. We’re here to help you achieve your property management goals.
The property market is constantly changing, so Auckland property managers with plenty of experience and in-depth industry insights can help you stay on track.
You can expect the following, and more, from our team:
- Rental appraisals: We can provide you with a free rental appraisal to help you determine the best market rent for your properties. A professional appraisal will help you find a rent price that’s profitable but still fair for your tenants.
- Tenancy management. We can manage your tenancy agreements from start to finish. This includes finding reliable tenants, collecting rent and resolving disputes.
- Vacancy management. Vacant properties generate no income, so finding good tenants for them is a must. We can help you fill vacant properties quickly and efficiently with trustworthy tenants.
- Return certainty. We can help you achieve your desired return on investment by managing your properties effectively. An experienced Auckland property manager can increase your profits through smart property management choices and consistent service.
- Surety of service. Our experienced property management team is dedicated to offering our clients the highest level of service. We are always available to answer your questions and address your concerns. Regardless of what your concerns are, we strive to provide you with accurate information and effective assistance. We proactively manage your properties and always look for new ways to improve our services.
- Leading technology platforms. We use leading technology platforms to manage your properties efficiently and effectively. This technology can help us properly communicate with you and your tenants.
Start the process, call us today
Our Auckland property managers at Hammond & Co are confident that we can provide you with the high-quality property management services you need to succeed. Our services are available to property owners and investors who own property in central Auckland and the greater Auckland region. We are also available to help if you’re overseas but own property in these areas.
Getting in touch with our team is easy. You can call us on +64 9 360 9898 or fill out the contact form on our website. We look forward to speaking with you to determine the best ways we can assist you.
Hammond & Co: We're here to help you succeed.