• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Results 1 to 5 of 5
  1. #1

    Default How much can I increase my Rent by?

    Hi All,

    Always wondered not only what rent you can charge for what area, type of property, number of rooms but also how much you can increase the rent by each year?

    Well, using MBIE data (based on bond lodged forms) I have created the below report which tells us what the rent growth has been over the last 20 or so years. It is also contains the number of rental properties that are tenanted over the same period of time.

    The report is interactive with slicers / drop down boxes to select and the charts present high level details but further, more granular details can be obtained by pressing the downward pointing arrow just about the title of the chart and then select a bar and this will expand into more detail.

    Link below, copy and paste it into your browser, let us know if this is useful to any of you. Thanks,

    Dan80

    https://app.powerbi.com/view?r=eyJrIjoiZTlmMjUyYmEtMzU5My00YjcxLTg2NmQtNDk yN2IwMWY1Y2Y1IiwidCI6ImIzYWMzZDcwLThlZTYtNDNjNi1iM GVmLTM5YzZiMGE0MTljMiJ9

  2. #2
    Join Date
    Oct 2008
    Location
    Auckland/Melbourne/ whereever the money is
    Posts
    1,363

    Default

    That works quite well for a general guide.
    Of course averages dont take into account specific features that make the difference between properties, but its a good indication

  3. #3

    Default

    Absolutely brilliant! Thank you

  4. #4
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,048

    Default

    Quote Originally Posted by Dan80 View Post
    Always wondered not only what rent you can charge for what area, type of property, number of rooms but also how much you can increase the rent by each year?
    That's one impressive bit of data collation and presentation, Dan. Well done.

    I wonder if what you've done confirms or denies the postulate that the number of rentals is declining as LLs sell-up, rather than endure Comrade Taxcindarella's comic opera coalition's increasing encroachment on private property rights?

    Historical stats have some bearing, but contemporary aspects are probably more cogent. E.g.

    * Supply and demand
    * Ability to pay
    * Location
    * School zoning
    * Amenities: property-specific and locality

    . . . . etc.
    Try Radenbrea Studios for hand-made designer jewellery. Especially if you're looking for a great gift for your lady love.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  5. #5

    Default

    That's pretty cool.
    Free online Property Investment Course from iFindProperty, a residential investment property agency.


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Rent increase
    By Phi in forum Tenant Stuff (NZ)
    Replies: 17
    Last Post: 10-03-2016, 04:34 PM
  2. Rent increase
    By cecile in forum Property Management
    Replies: 13
    Last Post: 16-07-2015, 05:18 PM
  3. Sleepout increase in rent
    By Harvey in forum Property Investment (NZ)
    Replies: 6
    Last Post: 19-06-2013, 09:27 AM
  4. How much to increase the rent by?
    By plum in forum Tenant Stuff (NZ)
    Replies: 15
    Last Post: 10-03-2011, 08:38 PM
  5. FTT & Rent Increase Notice
    By Perry in forum Tenant Stuff (NZ)
    Replies: 4
    Last Post: 02-12-2010, 08:48 PM
  6. Letter Re: Rent increase
    By bellybutton in forum Property Investment (NZ)
    Replies: 24
    Last Post: 18-03-2010, 11:01 AM
  7. Rent increase
    By EddyFranky in forum Tenant Stuff (NZ)
    Replies: 6
    Last Post: 19-02-2010, 09:00 AM
  8. Rent increase or decrease
    By casacamo in forum Property Investment (NZ)
    Replies: 15
    Last Post: 23-02-2005, 09:55 PM
  9. Rent increase
    By bigpoppa in forum Property Investment (NZ)
    Replies: 7
    Last Post: 18-01-2005, 02:15 PM
  10. Rent Increase
    By muppet in forum Tenant Stuff (NZ)
    Replies: 3
    Last Post: 23-01-2004, 01:38 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •