Rental Appraisals in Brisbane

Are you looking for an appraisal of your property? We offer an obligation free rental appraisal, providing you with our professional assessment of:

Market rental value for your property

Advice on the rental market and rental process

Advice on how to maximise your property in terms of rentability and rental return

Having professional advice and accurate pricing can help you to make strategic decisions about your property and ensure your rental property is competitive and provides a good return.

As well as conducting a rental appraisal before you first rent the property out, we can provide an appraisal on your existing rental property to provide you with our professional advice. For our existing property owners, we conduct regular rental appraisals to ensure we are maintaining your investment with optimal income.

How We Conduct A Rental Appraisal

At Property Zest we can conduct a purely desktop rental appraisal on your property. We also recommend an onsite visit of the
property to assist us in fully assessing the property.

The rental appraisal process includes:

Step 1: Assess the property location, characteristics and condition

We assess the location of the property and the characteristics of the property, such as number of bedrooms, bathrooms, car accommodation, outdoor entertaining, yard space, other facilities like a shed or a pool. We also look at the level of renovation and the condition of the property.

Step 2: Comparison with currently rented properties.

We review properties in the local area with similar characteristics and the amounts they are currently rented for, noting any differences in the characteristics or state of renovation as well as the timeframe when the rent was set to take into consideration changes in the market over time.

Step 3: Comparison with currently advertised properties

We review and compare properties currently advertised for rent in the local area, noting once again, any differences in characteristics and state of renovation to extrapolate where our property would sit amongst those currently available.

Step 4: Provide a rental range that reflects where we see the property renting in the current market.

We provide a Rental Comparative Market Analysis report and a formal rental appraisal letter stating the rental range we would expect to achieve in the current market. Depending on the location and price bracket, the range we provide is usually within a $20 - $30 range.

Step 5: Assess the property location, characteristics and condition

We also provide our advice on any features or changes that could improve the rental appeal or the rental return on the property and how these changes would affect the rental return in dollar terms.

Why Choose Property Zest To Appraise Your Property

We are property investment specialists and can advise you on the market and recommendations to improve your rental return and rental appeal.

We are open and honest, we won’t ‘buy’ your rental listing with false claims.

Our rental appraisals are conducted and reviewed by our most senior Property Managers, with a wealth of experience and local market insights.

Request a FREE Rental Appraisal

"I am so grateful for Property Zest managing my rental property over the past 6 years. Samantha and the team have always been so supportive and responsive to the tenant and myself, and there has never been an issue that couldn't be solved quickly. I will be using them again, and I recommend them to everyone."

JANNA MALLON

Frequently Asked Property Management Questions

How often should I get a rental appraisal?

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Answer

A rental appraisal should be conducted at any point where you are looking to put a tenant in or to renew an existing tenants lease. You could also consider a rental appraisal before and after you make improvements to changes to a property which may impact the rental value.

How accurate is a rental appraisal and am I obligated to advertise my property at the appraisal you have provided?

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Answer

A rental appraisal is an estimate of expected rental within an existing market. A rental appraisal is done by evaluating comparable properties and local market conditions. Our team are highly experienced and have good local knowledge. Depending on the individual circumstances you may decide to offer a lower rental price (e.g. long term tenants, friends or relatives) or a higher rental price (testing the market for what you can obtain). We will provide our experiences assessment, however, the amount you choose to advertise at will always be up to you, as the property owner.

Does it cost money to have a rental appraisal and am I obligated to have my property managed by you to have a rental appraisal? 

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Answer

No, a rental appraisal is completed free of cost and obligation! We would love to assist you whether you are looking to rent out your property, looking to change management or just want some reassurance. Feel free to reach out!

Can I do a rental appraisal myself?

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Answer

Yes, you absolutely can undertake some assessment of the rental market and your expectations for rental income. You can research similar properties advertised for rent online. Having a property management specialist appraise your property, however, will enable access to more comprehensive information as well as current local market insights.