Increase in Feilding median house price in 12 months!
I was reading recently on stuff.co.nz that “Feilding house prices are sweeping past its city neighbours as a spike breaks another record”.
The Real Estate Institute of New Zealand reported Feilding's median house price hit an all-time high of $465,000 in September, a 43 per cent increase over the past 12 months and $65,000 more than in Palmerston North.
We all know that finding a home now is particularly difficult given the sheer volume of people ‘immigrating’ to Manawatu/Wanganui from more expensive centres as they seek more bang for buck and a better lifestyle. Multiple offers are common when looking to buy.
What about the rental market? We have just released our Feilding Rent Report which includes a recent analysis of rental properties for you. Feel free to pick one up from our office at 59 Manchester Street, Feilding – or download here.
As of writing this article the average rent in Feilding is now $377 per week – a far cry from where things used to be!
Further, if you are looking for a Feilding rental home I wish you good luck, there are only 7 properties available across realestate.co.nz and trademe.co.nz combined.
In the last 30 days we have had 41 groups of people indicate to us they are looking for a Feilding rental, so if you have one coming up please let us know.
If you currently self-manage your rental property it is possible that, even if we manage it for you, you will be better off financially.
Feilding Rent report
The latest rental statistics for the Feilding market - including the average rent for the last month, number of homes occupied, tenant demand, and average rent for 2 bedroom through to 4 bedroom homes.
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