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 rental price is a crucial balance between attracting good tenants and ensuring profitability. Research is key; use Trade Me to compare similar local properties and consult the Rental Price Index for current market trends.
Consider unique features like size, views, renovations, or new-build status, which can justify a higher price. Landlords must also know their legal responsibilities for rent increases and the value of good tenant relationships 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
Coast to Coast founder went for a walk one morning in his pyjamas. He came home having bought a house
Robin Judkins bought a rundown Sumner home on a whim and transformed it into a creative retreat.
Four ovens, multiple fridges and a 13-metre wall: Inside NZ’s best new kitchen
Explore NZ’s award-winning Te Arai kitchen, with a sculptural island and 13m wall of oak joinery.
Search
Other articles you might like
