Search results

Touch slower in Coomera IP in Upper Commera (Gold Coast) recently had tenant vacate and PM indicated that they had not seen the rental market (ie enquiries and people looking for acommodation) as slow for some time. The normal practice over the years that I have owned this IP, has been rent...

Update on the update. Tenant that was moving in on Friday now can't until Sat week. Other applicant wants to move in on Tuesday and has offered $370. So vacancy is going to be 11 days not 7, but a better than expected increase of 15%, instead of 12.5%. As a side note, it is actually the...

Update: Rented for $360pw, new tenant moves in Friday. Vacancy of 7 days. Good result, except for a small matter of maintenance which will need to go to Tenancy tribunal for, but all's in order, and shouldn't be an issue. (Hopefully)

I have tenants vacating in IP (Northcote 2 br apartment), currently paying $320pw. Advertised at $360pw, might be a bit high. We'll see how it goes.

Didn't realise that, thanks Steve. That's a nice little option to have. There is that option in Vic (ie no reason), but it is 120 days.

Given the sentiment in the market today and for the foreseeable future, even with IR coming down, people will generally be averse to taking on a large debt. Confidence will need to pick up and of course IR falls help. I still think there will be a relatively long lag between low rates and...

A few people have mentioned they have vanquished their troublesome tenants in such a manner. Doesn't the 60 days notice preclude you from renting it out again for a specified period?

Rents from what I can see online for larger homes (rents in excess of $600) in Prahran/Windsor (Melbourne) have definitely eased from the last quarter of 2008. From what I can make out around $30+ per week.