Rent Setting Markets dictate rents Changing Tenancies

When rental homes are:- Scarce,   market rents rise. Plentiful, market rents fall. Market rents are also affected by the number of bedrooms, size, presentation, and location of the property.     ●   Higher rents discourage quality renters    ●   Lower rents destroy financial sustainability Links to help find local "market rents"     ●  Tenancy services *     ●  TradeMe      ●  Facebook's rental property groups     ●  NZ Property Investors Federation      ●  Local property managers' websites     ●  Local newspapers or notice boards     ●  Other local tenants and providers. * Tenancy Services' guide to market rents can often be out of date.  Important financial considerations If costs exceed incomes properties may be sold   Factors that often affect market rents     ●  Immigration     ●  Industry changes in the area     ●  Government policies taxes and costs     ●  Interest rates     ●  Supply and demand     ●  Seasonal fluctuations   Top