Rental Appraisal
Returns & Analysis
A professional estimate of the weekly or monthly rent a property could achieve in the current market.
Full Explanation
A rental appraisal is provided by a property manager or real estate agent based on comparable properties currently listed or recently leased in the area. It considers factors like property condition, location, number of bedrooms, and current market demand. Rental appraisals are used when purchasing (to estimate yield), when reviewing rent for existing tenants, and when refinancing (banks use them to assess serviceability).
Example
A property manager appraises your 3-bedroom house in Brisbane at $550–$580 per week based on similar properties recently leased within 2km.
Frequently Asked Questions
How accurate are rental appraisals?
Typically within 5-10% of achievable rent. They are estimates based on current market conditions and comparables. The actual rent achieved depends on property presentation, timing, and tenant demand at the time of listing.