Once Hastings’ ‘hidden secret’ suburb, the area of Frimley is no longer under wraps, with strong value growth and good demand, the Frimley area is experiencing rapid development, quickly making it one of Hawke’s Bay’s most desirable suburbs for new build investment properties.
Surrounded by well-regarded primary and secondary schools, Hastings Sports Park, Frimley Park, pools and home to the iconic eatery ‘Little Frimley Kitchen’ (enter at your own risk, their doughnuts are something else 🍩 ). Frimley is not only an attractive place for the renting family, but the working professional being only a stone’s throw away from the Napier-Hastings expressway (zoom zoom 🚗 ) and the Hastings hospital.
With demand continuing to outstrip supply for rental properties in Hawke’s Bay, we are seeing a strong interest from property investors looking to enter the market or add to their rental portfolio by considering the option of new builds. And it seems the suburb of Frimley, isn’t far behind the level of development occurring across the river in the booming suburb of Te Awa, Napier!
As property managers, we continue to believe new build investment properties are an ideal scenario for both the homeowner and tenant, with lower ongoing maintenance costs for homeowners and healthy home standards being met from day one – It’s a yes from us!
Frimley’s best kept secret ‘Little Frimley Kitchen’ (but it’s not a secret now is it)
So, how do rent prices between the suburb of Frimley, Hastings and Te Awa, Napier stack up?
(both suburbs in Hawke’s Bay experiencing significant housing development in 2022).
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Median rent Frimley, Hastings:
3 bedrooms $610 per week
Median rent Te Awa, Napier:
3 bedrooms $700 per week
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Median rent figures as of July 2022 – Statistics courtesy of tenancy.govt.nz
*It is worth taking into consideration the older age of a large percentage of existing housing in the Frimley area compared to Te Awa, which is contributing to the Frimley median rent statistic.
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With Rentsmart’s active presence in the Frimley area and with our reputable experience managing new build rentals, be sure to give us a bell if you are interested in receiving more insight into new build investment properties in Frimley, Hastings.
Already building your investment property in Frimley? Even more reason to get in touch, so we can provide your free new build rental appraisal.
Passionate about property from a young age, Sam purchased his first rental property at 18. Since then he has been involved in a wide range of projects from renovations, subdivisions, relocatable homes and new builds. Still an active investor Sam is always looking for the next opportunity.
Monthly rental stats, regulation updates and management insight from the people looking after properties every day. Written by our managers, not a marketing team.
Rentsmart services are second to none. They have made the whole process seamless. Great communication, detailed inspections and they always find great tenants. We are now in our 3rd year and could not be happier.
Mike Christie
We've been renting through Rentsmart for over a year and they are absolutely awesome. A great mixture of friendly and professional. They always reply quickly and let us know what's happening asap 😊
Jo Brydon
Rentsmart have been looking after our Hastings property since April 2022 and have been organised and professional making the process easy living overseas.
Angus McGuire
Ruth from Rent Smart has been our Property Manager for 3years. Ruth's communication has been exceptional. Following through on getting things replaced if needed & making sure Tenants & Landlords are happy. I do hope we can continue to employ this great lady.
Ally
Nikki looks after our rental property like it’s her own. I have dealt with a few rental agents over the years but this agency is easily the best I have had the pleasure of using. Nothing is a problem and our investment is looked after properly. A+
Steve Dunne
Rentsmart are a great management team. Nikki has been amazing to work with and always goes above and beyond! Her communication is first class and we have loved having her managing our rentals. Her experience and expertise in the rental industry makes us feel so much more comfortable about our investments.
Amy Little
Thanks once again for a well-managed year. We sleep easily, knowing that she has great rapport with our tenants, and has our properties under control. Have a fab Christmas, and a well deserved break!
Diane McKelvie
We have found Rentsmart such an easy company to get on with. Any hiccups are readily sorted, communication is easy and clear and our property manager is ready and willing to help resolve whatever is needed. If we have to move we would definitely choose them again in a heartbeat.
David
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