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No it's not the area, I have 2 new leases in Park Avenue after a 2-3 week vacancy with slightly lower rents as I mentioned above. What condition are the properties in and what has the pm recommended? Doesn't sound right IMO, unless they are in poor condition.

Were they damagaed by the tenants? I would look at changing PM, SMQreseach has the vacancy rate for 4701 and 4700 at 3.8% not great but hardly a disaster. The advice I have received is which could be wrong is that the rental market has improved slightly. I should probably stop commenting about...

Had some fence damage at one property and some minor damage to some external panels at another. I was there a few weeks ago and saw a few tarps over roofs on some very old houses but that was it

Totally different situation IMO, the slow down in the mining Industry has affected Rocky but its no where near as exposed as it is much more diverse. I was recently advised to lower rents slightly to ensure a new tenant quickly due to a increase in vacancies. One place we dropped the rent by $10...

If this goes ahead it will be good news, I didn't think oil refineries would ever be built in this country again. Thought it was another industry which was slowly being lost overseas, in this case to Singapore

Hope things improve for everyone holding properties there, I don't think you have to worry about both places getting a bad rap though, anyone with the slightest investment knowledge would be aware of what has happened there IMO