There is a thread here talking about the softening of rents in some areas. I have just dropped the rent by $35 (in two stages over a few weeks) to get someone in a house in Balmoral/Morningside/Hawthorne area. Have had only one looker, who liked it but now the tenants are gone, we are asking $35 per week less than we were getting rather than have it sit empty.
I notice the other rental listings all have hundreds of hits and still sitting empty (or if not empty, still available for rent).
Of the houses within a kilometre radius, some are cheaper (and not as nice) and others are higher (and offer a bit more). So I think for the current market, we are sitting about right, but it certainly has softened from two years ago.
I notice the other rental listings all have hundreds of hits and still sitting empty (or if not empty, still available for rent).
Of the houses within a kilometre radius, some are cheaper (and not as nice) and others are higher (and offer a bit more). So I think for the current market, we are sitting about right, but it certainly has softened from two years ago.