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Thanks so shouldn't be long between tenants then. My current tenant (a short stay co.) has approached me with a proposal for 3yr fixed lease (+2yr option), w/ yrly CPI rental increments, but I have to make an initial outlay for furniture. I know there will be depreciation advantages but not...

Anyone got a feel for how long you could expect to wait between tenants for a 1 bed on the Southbank at the moment?

Thanks for the tip. The furniture package only costs about $8k and they said they will pay towards it, which effectively pays it out in 4 years. But yes depreciation is something I'll need to consider. I haven't had to worry about vacant periods before whereas if I don't take up their...

I currently rent an IP to a short stay agency in Melbourne. So far its worked as a quasi serviced apartment, I say that because the lease is residential but I've been able to put up the rent 6 monthly inline with the mkt with no tie-in. I could terminate current lease and move in myself if I...