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 requires balancing profitability with attracting good tenants. Research is essential; use Trade Me to compare similar local properties and consult the Rental Price Index for current market trends.
Consider factors like property type, size, and unique features such as views or recent renovations, which can justify a higher price. Understanding your legal responsibilities for rent increases and maintaining good tenant relationships are also crucial for a successful investment.
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
Discover More
The introvert who lives in a ‘fish tank’: One small town’s most unusual home
A quirky Athol home with huge windows, mountain views and an unusual “fish tank” feel is up for sale.
‘We wanted to show off’: He built his own Lockwood home to prove what it could do
Former Lockwood boss Joe La Grouw’s 648sqm Rotorua home, built to showcase the company’s designs, is now on the market.
Search
Other articles you might like
