1 February 2018 - 1st Feb 2018

1 February 2018 Occupancy rate %   Arrears – % for January 2017

Nelson lived up to its reputation for having the most sunshine hours in the country in 2017 and January looks to carry on the trend in 2018. With well above temperatures in January, coupled with a lack of rainfall both Councils imposed water bans leaving many lawns and gardens looking a little worse for wear. The one significant rain we had quickly brought the green back with a little more forecast in the next few days. 

We are excited to announce the appointment of Kendall Robinson to the role of property manager. Kendall has a background in project management, computing, and fitness industry. A formal introduction has be made to her clients.
Rental Market
The influx of people into the region continues to create strong demand in January.
The median rent for Nelson/Tasman across all rental dwellings in December was $399.70 (NZ Property Investor January 2018), a static result for the 12 months ended November 2017.
We believe that the static return is a result of private landlords under letting properties as they have not kept up to date with the market’s continual strong demand on rents.
The Government has signaled that they will review the Residential Tenancy Act in the next round of changes announced last week. Notice times to vacant, letting fees and a restriction on the allowed rental rate time frames have been flagged as priority areas. We can expect these to be moved on swiftly.
The Haven office will be closed on Monday 05/02/18, observing Waitangi Day 06/02/18 and will reopen on Wednesday 07/02/18
Rental Disbursement
The next rental disbursement will be on Thursday 15th of January for mid-month and Thursday  1st March 2018 for the end of the month.
Hot Property
2/ 18 Koromiko Avenue, Stoke
Deadline sale closing 21st Feb at 1pm with no prior offers https://www.havenrealty.co.nz/listings/residential_sale-1362034-stoke/

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