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In Thames-Coromandel District, 2.0% of renting households were paying more than $500 per week in rent in 2018.
Rental payments can be a better measure of the cost of housing in Thames-Coromandel District than mortgage repayments because they are not contingent on length of occupancy or equity in the dwelling.
High rental payments may indicate desirable areas with mobile populations who prefer to rent, or a housing shortage, or gentrification. Low rental payments may indicate public housing (check Tenure Type), or areas where low income households move by necessity for a lower cost of living.
Rental payments are not directly comparable over time because of inflation. For comparison of rental payments over time, go to Housing Rental Quartiles.
'Does this household pay rent to an owner (or to their agent for this dwelling?' and 'How much rent does this household pay to the owner (or agent) for this dwelling?'
|Weekly housing rental payments|
|Weekly rental amount||Number||%||Waikato Region %|
|$50 - $74||51||1.9||2.6|
|$75 - $99||72||2.7||2.3|
|$100 - $124||144||5.3||5.8|
|$125 - $149||96||3.5||2.9|
|$150 - $174||159||5.9||5.0|
|$175 - $199||81||3.0||3.5|
|$200 - $249||375||13.8||12.4|
|$250 - $299||525||19.4||12.8|
|$300 - $349||528||19.5||14.4|
|$350 - $399||339||12.5||15.4|
|$400 - $449||141||5.2||8.8|
|$450 - $499||48||1.8||5.7|
|$500 - $549||18||0.7||3.1|
|$550 - $599||6||0.2||1.6|
|Total households renting||2,709||100.0||100.0|
Analysis of the weekly housing rental payments of households in Thames-Coromandel District compared to Waikato Region shows that there was a smaller proportion of households paying high rental payments ($600 per week or more), and a similar proportion of households with low rental payments (less than $100 per week).
Overall, 2.0% of households were paying high rental payments, and 5.3% were paying low payments, compared with 6.4% and 5.5% respectively in Waikato Region.
The major differences between the housing rental payments of Thames-Coromandel District and Waikato Region were:
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