Calculated from rental listings and homes.co.nz’s property dataset, it is a starting point in determining a home’s rental value and is not a formal rental assessment. The RentEstimate is calculated monthly.
The RentEstimate range shows the high and low estimates of what a property could rent for. The RentEstimate is a computer generated estimate based upon public data and rental listings of similar properties.
This is a starting point in determining the weekly rent for a specific property. We encourage potential renters and landlords to supplement this information by doing additional research such as:
For some properties, the RentEstimate is not yet available. This occurs if there is insufficient data available to generate an accurate estimate. This is more likely to be properties at the top end of the market (where few rentals exist) or in smaller towns.