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 balancing profitability with attracting quality tenants. Research local conditions by searching similar listings and using Trade Me's Rental Price Index for the latest trends.
Consider unique features like square footage, views, and renovations, which can justify a higher price. Remember your legal responsibilities for rent increases and the importance of good tenant relationships to ensure a successful, low-stress 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
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