If you’re looking to rent out a property in Christchurch, talk to us. As the largest residential property management company in New Zealand, we’ve got the market covered.Free Rental Apprasial
With many years’ experience in Christchurch, Quinovic offers expert knowledge of the local market. Our Merivale and Riccarton offices manage a range of properties throughout the region.
Because we have in-depth insight into the market, we can ensure that you’ll receive the maximum rent for your property and area. Better still, our reputation for managing quality properties means we attract the best property managers and the highest calibre of tenants.
We also have relationships with the best local trades-people, so you can benefit from accessing high quality maintenance at competitive costs.
We’ve been developing and refining our Care and Return systems for over 30 years. Find out how these systems can help unlock the maximum return in your property while protecting its value.
Our two local offices manage apartments and houses throughout Christchurch and the surrounding suburbs.
Canterbury was the only residential property markets not to experience growth in the 12 months to June 2017, with Trade Me Property reporting a decrease of -0.1% in their property price index.
If we look closer at the data then this small dip was caused by apartments (-4.5%), townhouses (-3.8%) and units (-4.6%). There were, however, positive signs in 1-2 bedroom homes category (+1.1%) 3-4 bedroom homes category (+1.8%) and 5+ bedroom homes (1.7%).
According to Quotable Value, the average value of residential properties in Christchurch City increased by 1.1% between June 2016 and June 2017, from $491,148 to $496,378.
While the rest of the country is experiencing strong growth in rental prices, Christchurch has been trending downwards, with a -2.5% drop over the past 12 months. Trade Me Property reports a decrease in the median weekly rent to $390, an annual fall of 2.5%.
The dip in rental prices was experienced across the board with all property types and sizes down year on year.
The rent of properties of five or more bedrooms decreased by -7.8% to $550 per week. 3-4 bedroom houses have experienced a dip year on year down of -4.4% to $430 a week while apartments are down 4.2% to $345.