How to set rents when inflation is rampant

To determine the rent, research prices for comparable properties in the neighbourhood to get a baseline.

Then consider other factors like location, amenities offered, house/unit condition, and rental agreement.

When inflation is high, rental markets can vary wildly. It's especially important to track micro-trends in your specific location – not just nationally. This helps you determine what is fair, but not so high that it will turn renters away.

Trade Me has good figures on rents being asked in each New Zealand region, Barfoot & Thompson provides a quarterly report on Auckland rents and Stats NZ also has monthly updated rental index.