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How much to spend on Rent?

How much to spend on Rent?

Old Apr 20th 2011, 1:19 am
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Default How much to spend on Rent?

Hi All,

A company contacted me recently about a role in NZ, the salary would be 100K or a bit over that. Given that how much would be the right amount to spend on accommodation. We like a biggish place to live so that we can have guests, say 4/5 bedroom. Nice area for families, good school etc.

Perhaps this info doesn't make it easy for you to suggest an amount or place but perhaps you could say where to avoid.

Could be a choice of Wellington or Auckland which doesn't help you, but any info appreciated.

Thanks,
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Old Apr 20th 2011, 1:41 am
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Default Re: How much to spend on Rent?

Originally Posted by JustinTime View Post
Hi All,

A company contacted me recently about a role in NZ, the salary would be 100K or a bit over that. Given that how much would be the right amount to spend on accommodation. We like a biggish place to live so that we can have guests, say 4/5 bedroom. Nice area for families, good school etc.

Perhaps this info doesn't make it easy for you to suggest an amount or place but perhaps you could say where to avoid.

Could be a choice of Wellington or Auckland which doesn't help you, but any info appreciated.

Thanks,
Hi

Take a look at http://www.realestate.co.nz/rental/s...nd_area_sq_m=0

plenty of options out there, it just depends on what you are looking for and how much you are willing to spend
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Old Apr 20th 2011, 2:06 am
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Default Re: How much to spend on Rent?

This is also a good one- using the drop down boxes.

http://www.trademe.co.nz/property
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Old Apr 20th 2011, 8:00 am
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Default Re: How much to spend on Rent?

On that money you will take home about $3200 every two weeks. I pay 420 a month for a nice little house with four beds. I have paid 515 for a four bed with huge pool. I would say in Hamilton a good price for a 4 bed would be between 400-450
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Old Apr 20th 2011, 8:19 am
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Default Re: How much to spend on Rent?

Originally Posted by witty View Post
On that money you will take home about $3200 every two weeks. I pay 420 a month for a nice little house with four beds. I have paid 515 for a four bed with huge pool. I would say in Hamilton a good price for a 4 bed would be between 400-450
$450 a month wow you are doing well. Don't you mean $450 a week? I was paying $360 a week in Tauranga for a four bed. Now finally built and it's only $150 a week
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Old Apr 20th 2011, 8:44 am
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Default Re: How much to spend on Rent?

Originally Posted by mac917 View Post
$450 a month wow you are doing well. Don't you mean $450 a week? I was paying $360 a week in Tauranga for a four bed. Now finally built and it's only $150 a week
Yeah, i recon a week too..
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Old Apr 20th 2011, 8:48 am
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Default Re: How much to spend on Rent?

Whoops, i mean a week lol
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Old Apr 20th 2011, 9:42 am
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Default Re: How much to spend on Rent?

Originally Posted by witty View Post
Whoops, i mean a week lol
Thank god for that, I knew my $320/week in Rotorua was high but that had me hyperventilating!
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Old Apr 20th 2011, 10:34 am
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Default Re: How much to spend on Rent?

Great information thanks, I will start look at places in that price bracket.

One more question: Is that sort of money enough for a family of 4 to live on comfortably? I think it depends on how far the NZ dollar stretches across bills etc. I don't want to struggle, I love ebay and eating out too much )
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Old Apr 22nd 2011, 11:48 am
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Default Re: How much to spend on Rent?

My new (2 year old) 4 bed house would rent out at around $450 a week in Cambridge near hamilton.
Auckland the same thing would be £600 +
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Old Apr 22nd 2011, 1:45 pm
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Default Re: How much to spend on Rent?

I live in Cambridge, Norfolk Downs...........420 for a 4 bed. Depends on the placement and such really.....
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Old Apr 24th 2011, 11:31 pm
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Default Re: How much to spend on Rent?

Originally Posted by witty View Post
I live in Cambridge, Norfolk Downs...........420 for a 4 bed. Depends on the placement and such really.....
just bought a section on that development , talking to builders at the moment
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Old Apr 24th 2011, 11:34 pm
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Default Re: How much to spend on Rent?

Originally Posted by colandros View Post
My new (2 year old) 4 bed house would rent out at around $450 a week in Cambridge near hamilton.
Auckland the same thing would be £600 +
we pay $480 for a fully furnished 4 bed ( includes all the important stuff like a plasma tv , wine glasses etc ) on Oaklands , Cambridge - only downside is single glazed and only source of heat is one gas fire in lounge
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Old Apr 25th 2011, 10:10 am
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Default Re: How much to spend on Rent?

Originally Posted by colandros View Post
My new (2 year old) 4 bed house would rent out at around $450 a week in Cambridge near hamilton.
Auckland the same thing would be £600 +
Agree, the chances of finding 4 bed house in Auckland for $400-500 a week wouldn't be great.
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Old Apr 26th 2011, 12:04 am
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Default Re: How much to spend on Rent?

Originally Posted by JustinTime View Post
Great information thanks, I will start look at places in that price bracket.

One more question: Is that sort of money enough for a family of 4 to live on comfortably? I think it depends on how far the NZ dollar stretches across bills etc. I don't want to struggle, I love ebay and eating out too much )
You probably won't be able to afford 3 holidays a year abroad, but you should find $100k sufficient for everyone to participate in hobbies, do your ebay shopping (trademe over here) and still have a few meals and bottles of wine!
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