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300+ new props for rent since last Friday. I think the rental market here will struggle for sometime. I do not know long term, but short to medium terms looking not good for investors. Just my opinion, I own some properties in Canberra. And I am not confident about the Canberra market...

Canberra market is not ideal at the moment. Market will pick up. The question is how long. Rental market is a worry. Seems you have your strategy to rent out and still good to have enough cash to cover in case not tenanted.