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University of Otago, New Zealand
Castle St street sign

Cost of Flatting

Set-up Costs

Bond: Normally 2 weeks' rent but it can be 1-4 weeks.
This is paid to the landlord who will then lodge this with The Department of Building and Housing.

Connection charges: For power, phone, internet and satellite TV.

Sample accommodation budget for a full-time student flatting in 2009

Per person - estimated for a 5 person flat over 52 weeks Annually Weekly
Rent
(average cost for a property within 15 minutes of the University. Rents vary depending on location and chattels supplied by landlord)
$4940 $95
Groceries $3120 $60
Electricity/Gas $998 $19
Telephone Rental $140 $2.70
Internet Cost $166 $3.20
Insurance
on belongings in flat (on cover of $10,000)
(This includes public liability cover of $1,000,000)
$200 $3.85
  $9,564 $183.75

To help you choose the place that best suits you:
Download the tenant's checklist (120KB in PDF format) and take it with you to your flat appointments.

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