It is the questions every investor wants to know. While starting with search of comparable properties on sites like realestate.com.au or domain.com.au is great to see what similar properties are being advertised for, it should not be the deciding factor of how your property is priced when going to market.

The agency you appoint to manage your property should have access to property data software that provides them access to produce a Comparative Rental Analysis prior to your property being advertised for rent. A report will show exactly what similar properties rented for and how long they took to rent.

More importantly this report will show any difference between the original advertised price and the price it eventually rented for which can sometimes be quite a gap.