Feature article
Market rent: finding the sweet spot
A guide to setting a rental price that’s both fair and competitive.
AI summary
Setting the right market rent is crucial for attracting good tenants while ensuring profitability. Research is essential: compare similar local listings on Trade Me and use the Rental Price Index for market trends.
Consider unique features that can justify your price, such as property size, views, and recent renovations. Landlords must also understand their legal responsibilities for rent increases and the value of good tenant relationships for a successful investment property.
So, how much should you charge for rent?
Market rent
Median rent has been steadily increasing across Aotearoa.
Rent by property type
Demand for houses is highest, followed by townhouses, with rental prices reflecting this.
Rent by property size
Demand for townhouses is at an all time high.
Consider unique features and amenities
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