Rates to further drive rents


interest rate rises, business development managers MRE
Navigating the rising interest costs - a strategic approach for landlords
In today’s ever-evolving property market, landlords are facing unprecedented challenges, particularly with the looming increase in interest rates set by the Reserve Bank.

These changes are significantly impacting property owners, heightening the need for strategic approaches to mitigate the financial pressures. At MRE, with over three decades of experience in the property market, we understand the necessity of a proactive strategy that extends beyond the scope of traditional property management, empowering landlords to make informed decisions, especially concerning rental adjustments.


Evaluate the current situation

The journey begins with a thorough assessment of your current rental situation. A critical question to consider is whether your tenants are paying market rent. While many property owners rely on their property managers for advice on rental rates, it’s crucial to delve deeper. Are these managers accurately and effectively determining market rents?


A different perspective

Steve Fitzsimon, MRE’s Director of Business Growth, advocates for a more hands-on approach. He advises landlords to not solely depend on their property managers for such crucial assessments. “As a useful exercise, compare your property with others listed for lease online. This is what most renters do when they receive a notification about a rent increase,” he suggests. This method offers a real-time comparison and a better understanding of the market.


MRE’s Business Development Managers provide the insights

MRE’s Business Development Managers provide the insights

Beware of misleading advice

It is important to be vigilant about the advice you receive. Our Business Development Managers at MRE have noticed a worrying trend: landlords from other agencies are being advised to increase rents by a mere $10 to $20 per week, despite market shifts indicating increases of $50 to $75 per week. Such discrepancies underscore the importance of seeking well-informed second opinions.


The MRE Advantage

For landlords seeking a reliable and knowledgeable partner, MRE is a standout choice. Our approach is rooted in evidence-based insights, ensuring any market review we conduct is accurate and reflective of current trends. Our experience and expertise allow us to offer strategies that are not only responsive to current market dynamics but also anticipate future shifts, ensuring our landlords are always a step ahead.


As the property market continues to navigate through these turbulent times, the need for landlords to be proactive and well-informed is more critical than ever. At MRE, we are committed to providing our clients with the tools and knowledge to make strategic decisions, maximise their investment, and ensure long-term success in the ever-changing landscape of real estate.

Looking to maximise your investment?

Contact MRE's Business Development Team today for the tools and knowledge to make an informed decision.