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It is in Perth, WA I believe they are allowed to adjust the rent based on a formal valuation 6 monthly or yearly. Yes it was my first, got 4 more in the construction phase. http://somersoft.com/forums/showthread.php?t=104451 Haven't got mine yet. Not as fussed going forward as...

Should also mention that the property manager has just put the rent up $21pw (so $46pw increase in total in less than a year we have had the property) we have just started advertising the property to find a new, tenant, as the current tenant is leaving in a couple of weeks. The first viewing...

There wasn't room to negotiate on this deal but was well priced to start off with (cheapest 3x2x2 in the area). Legal paperwork was easy. Just sign the agreement with the consortium and chose a property manager approved by the consortium (there was about 5 to chose from).

I bought one with 7 years remaining, already tenanted. Numbers stacked up and location was good. So far so good