Can someone tell me what is the best way to get an idea of market rental prices. Can you call other agents to ask? My agent gave me 3 recent rentals around the area but as my property is in a complex of many it is very easy to know market value and I rather get this direct comparison, just wondering how to get a better idea.
Check on rental websites what others in the area are asking and note condition / features / price of other similar properties. The downside here is it doesn't show duration eg if an identical property has been on for 6 weeks, you probably won't want to ask the same amount as theirs. The other place to look is at house.ksou.cn which shows previous rentals. If you search your own address on there, it'll show nearby properties and how much they achieved and when.
Also, how quickly is the place being rented? Is it 'on the market for ages? 'Snapped up' over night? I hope this helps
Thanks @D.T. it looks like I am currently getting market rental so I might have to keep the rent the same. Was hoping I could increase the rent.
Dear Pinewood, have a look at realestate.com.au rentals each day. Also Domain etc. Generally agents will announce 'its been rented', or deposit taken,or take the advertisement off.. You don't need to contact the agent, but if you let them know you are a local owner I would guess they might let you know? All the best
