Rental Pricing & Returns.

NZ Realty guide reviewed 27 October 2026. This is our editorial review date, not the reporting date of rental figures.

1. Current asking rents

Start with advertised homes that resemble yours in location, size, condition and features. Record when you checked each listing and what is included, such as parking or furnishings. These are asking rents, not confirmed achieved rents. A removed listing does not prove that a tenancy was agreed or what rent was paid.

2. Historical rental bond evidence

Bond statistics describe a group of recorded tenancies. Before using a figure, check its reporting start and end dates, source publication date, exact geographic area, reported bond count and available filters. Read the dates currently displayed on the result; opening a page today does not make its evidence current.

The median is the middle rent in that group, not a valuation or rental appraisal of your home. An all-bedroom or all-property-type result can include homes unlike yours. Small samples or a changing mix can limit a comparison, and unavailable figures should stay unavailable. Tenancy Services says its tool should not be used alone to determine a property's market rent: see its market rent guidance.

3. Advice about your particular property

A useful appraisal considers condition, layout, bedrooms, outdoor space, parking, furnishings and the property's location, alongside relevant comparable evidence. Ask which comparisons support the advice, when they were observed and whether they are advertised or verified achieved rents. An estimate is advice, not a guarantee of the next tenancy's rent.

Compare like with like

Use the same reporting dates, geographic level and filters when comparing bond results. A whole council area is not an individual suburb, and a monthly result is not equivalent to a three-month cohort. Differences can reflect the homes included rather than a change in the rent of the same property. Explore our rental market figures without registering.

Consider income and costs together

Weekly rent alone does not show your investment return. Keep a record of rent received, vacant periods, maintenance, insurance, rates and management costs, and consider financing and tax separately with your advisers. Compare realistic alternatives using your own costs rather than an assumed vacancy rate or promised rent growth.

A rent review is not an automatic increase

Reviewing evidence does not itself permit a rent increase. Before proposing a change, check the tenancy agreement and the current rules on timing and notice. The Tenancy Services rent increase guidance explains the requirements and exceptions.