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The Stay Hub | September financial update



The fourth quarter of the year is well underway and peak short-term rental season is approaching fast!


SEPTEMBER BUSINESS UPDATE

September came to a close with an average daily rate (ADR) of $236 across all property types for our entire portfolio. Our one-bedroom properties took in an ADR of $136, two sat at $195, and three bedrooms achieved $313. For four bedrooms, owners saw a rate of $386 and five or more bedrooms took in $562.


As we move closer to summer, we can expect to see an increase in bookings and rates, with December through to March being particularly lucrative. According to AirDNA, a leading short-term rental data platform, pricing forecasts for the wider Auckland market show a steep peak before the end of March 2024, with an average daily rate of $379 across all property types.




If you are thinking about joining the market - now is the perfect time to do so. While we can have you up and running in a short period of time, it can take time to build traction with reviews, which organically push listings higher in algorithms and rankings.




SPOTLIGHT ON: 1B/87 HALSEY STREET

The Stay Hub has been fortunate enough to have a great number of properties join our portfolio over the past year. This month we are highlighting a central Auckland abode for the ultimate city escape!


Perched on the Viaduct Harbour waterfront, this show-stopping one-bedroom apartment ticks all the right boxes with a large living room, a north-facing deck that looks out over the Harbour, and luxury amenities from an indoor pool and gym to a spa and sauna! Better yet? A free car park is included in your stay. If you are visiting the Auckland CBD, you won't need to travel far from your doorstep to reach your destination.



AIRBNB GUEST


"Wow! This beautiful condo is the perfect place to stay in the middle of the Auckland Viaduct. It is Located steps from good shopping, restaurants, bars, the ferry terminal and the Auckland fish market. The apartment itself is just as described in the listing and pictures. It has everything you need - comfortable beds, furniture, free parking and a terrace on the marina. The host's communication was excellent. I would highly recommend it to anyone."


David (La mesa, CA)



HAMMOND & CO LAUNCH EVENT

At the end of September The Stay Hub went out to celebrate the successful launch of our sister company, Hammond & Co Property Management. It was a fantastic night with good food, great wine, and even better company.


The friendly (competitive) game of roulette saw three prize winners take home a voucher to spend on one of our wonderful Auckland properties.


To view the full gallery of pictures, visit Hammond & Co's Facebook page.




Specialising in long-term renting, Hammond & Co and The Stay Hub can work in tandem to provide owners with expert advice and solutions for both the long and short-term property markets. This ensures you are well-informed to make the best possible decision for your investment goals and needs.


For more information, contact our Business Manager, Gina Colcord, by contacting her directly at 0272668367 or at gina@hammondandco.nz. Alternatively, book in a time slot below.


You can visit our sister company's website via hammondandco.nz.

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