1. What is the Rent Estimate Calculator?

The Rent Estimate Calculator provides an estimated rental price based on comparable NSW rents adjusted for property features. Despite the name referencing Malaysia, it's specifically designed for NSW rental market analysis.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Comparable NSW Rents — Recent rental prices of similar properties in the same area
• Features Adjustment — Additional value for special property features (positive or negative)

Explanation: The calculator averages comparable rents and adjusts for unique features of the property being evaluated.

3. Importance of Rent Estimation

Details: Accurate rent estimation helps landlords set competitive prices and helps tenants evaluate fair market value when negotiating leases.

4. Using the Calculator

Tips: Enter at least two comparable rents (three for better accuracy) in AUD. Include any feature adjustments (positive for desirable features, negative for drawbacks).

5. Frequently Asked Questions (FAQ)

Q1: Why is it called NSW Malaysia?
A: This appears to be a naming inconsistency. The calculator is designed for NSW (Australia) rental estimates, not Malaysia.

Q2: What are good comparable rents?
A: Look for recently rented properties in the same suburb with similar size, bedrooms, bathrooms, and amenities.

Q3: How to determine feature adjustments?
A: Compare feature differences between your property and comparables (e.g., +$20/week for a parking space, -$30/week for no AC).

Q4: How many comparables should I use?
A: At least 2-3 recent comparable rentals for a reliable estimate. More comparables increase accuracy.

Q5: Does this account for market trends?
A: No, you should use recent data (within 3 months) and adjust manually if the market is rapidly changing.