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I understand what you're saying Wylie, and I've known a few people in the same boat; basically they'd let "long term good tenants" go without increasing the rent for so long, that the yield was ridiculously below market. Problem was, when they tried to increase it, although it was "within the...

Not sure if the legality of it, however I know that Fair Trading can pull you up on it if it is excessively higher than the going rate, and you will be forced to reduce it to be in line with the rest of the market.

Bingo again, thanks GA. That would explain a lot. Of course if there is an oversupply of Holiday rentals, landlord/ladies have to attract the punters, and the most logical way of doing that....drop the price. Apologies, I was confusing the original question with everyday (not holiday)...

Ta dah :D.....my point exactly....It's not rocket science, but a logical equation of SUPPLY & DEMAND!!! Forget your "niche" markets or your conversative strangle hold on Gen-Y purse/wallet strings, if you need a place to live, you need a place to live...and if there ain't enough rental...

All valid reasons, albeit no.2 seems a bit sad, as a landlady I've always thought it to be in "poor form" to up the rent in January (especially as Christmas is generally a recovery time for most people). Nevertheless, I still DON'T GET IT.....:o Why/what reason would a landlord/lady/person...

Hi Eastside, Can I ask why (aside from the blatantly obvious, ie. cheaper rent) you chose to move? The reason for my question is simple, chances are if there was work that needed to be done on (as you say an older) property, and if possibly this maintenance hasn't been or has been...

Thanks for clarification JIT, Personally, I am not experiencing or aware of any decline, in fact things are still moving upwards (albeit not at the same pace of recent times) vacancy rates are IMO far from stagnating or heading south.

Either way, (to those who have such evidence) please do tell, so I can be sure to look elsewhere!!! ;)

???? Hey JIT, What makes you suspect that there would be any such evidence (either anecdotal or otherwise)?