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Changes to Businesses for Sale
Want to be your own boss? We've added a sidebar search to our Businesses for Sale category, making it easier for you to search businesses by price and location.
Whether you're looking for opportunities in technology or tourism, remember to save your favourite searches and we'll email you the latest listings that match.
Rentals: Our take on the second quarter of 2010
Each quarter we run some numbers on the state of play in the rental property market. Here's a few quick comments on what we've seen over the past few months (April-June 2010), and some comparisons with what we saw at the same time last year. Click to expand the table below too.
1. Supply is down
- The number of rental properties listed has continued to contract, and nationally supply is down 18% compared to this time last year.
- Anecdotally, we’re hearing the drop in supply is due to reduced turnover as tenants are sitting tight in their properties; and landlords are opting to lock tenants into long-term tenancies.
2. Demand is up, and so is rent
- Demand increased sharply, with the average number of enquiries per listing up 22% compared to this time last year.
- The national average rent has increased from $365 to $380, up 4%. We didn't fall off our chairs when we saw the rent tick up as last quarter supply was tightening and interest from tenants was on the increase.
3. Other bits & pieces
- The impact of the announcements in the Budget appears to be minimal at this stage, although it’s early days.
- Wellington was pretty resilient with listings down only 3%. Demand from tenants bucked the national trend too, declining in the quarter. In the capital, it looks like landlords and tenants are hunkering down for the winter.
- Across the Greater Auckland region and in Christchurch City there was a significant drop in rental properties available, and a big lift in demand from prospective tenants. If you're a tenant in these areas, brace yourself for a rent rise.
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Trade Me Property 5th Birthday Giveaway
To celebrate turning five and to say thanks for your support, we’re giving away a new Apple iPad, plus $50 iTunes credit and accessories valued at $200!
How to enter
There is currently a listing on Trade Me Property with a photo of the green Trade Me Property kiwi.
Simply find the listing (hint: it’s somewhere to enjoy your golden years, and a one bedroom apartment located in NZ’s art deco city).
Then email the property ID number (circled below) and a suggested name for the kiwi to propertybirthday@trademe.co.nz before midnight 24 June.
Find out more
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Issues with QV links - fixed
QV has advised that the issue below has been resolved.
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Our friends at QV are experiencing some technical difficulties over on their website today. More...
Sidebar search suggestions
We now offer search suggestions for all categories that include sidebar searches. This feature automatically suggests helpful keyword matches when you type.
For example, if you start typing ‘sales’ into the keywords field within Trade Me Jobs, you’ll see up to 10 suggestions from our most frequently-searched sales roles, including ‘sales rep’, ‘sales manager’ and ‘sales assistant’.
Categories with sidebar search suggestions: More...
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