Brunswick is hot for rentals

[nomadic]

I had a 3br house in Brunswick become vacant recently. She was paying $410pw. So I did a reno and PM recommended to advertise it for $475pw. I had 3 applications on the weekend and I've accepted someone who offered $560pw. PM says Brunswick seems to be popular with students so I want to let other Brunswick investors know the market is strong leading up to the new year. On the other hand I had to drop the rent from $295pw to $275pw to find a tenant for a 1br unit in St Kilda.

 

[dr house]

I can't talk for Brunswick.
Just to let you know I have now been trying for 8 weeks to rent out a nicely refurbished house in Seaford, which we have totally renovated.
Finally got one applicant who is a first time renter.
This is a large development site, so looking to build 2 units down the track.
Never had this before, in terms of rental vacancy.
If I don't accept this, I suspect it will be vacant x-mas/new year.
I wonder how it is going with other suburbs?

 

[nomadic]

Seems to be very patchy. My friends got a place in Sth Melbourne who had to drop the rent from $360pw to $310pw. What are the demographics in Seaford? You might have to furnish it or target them specifically with inducements.