You're right there, Ausprop. 2 weeks' rent is a thumping, but that's the deal. At least it will be spread over a 2-yr lease in this case. Will hope to have a bit more bargaining power when it comes up next time.
If you're living in town yourself Porp E it might be worth exploring self-managing options for this reason. I self-manage two here in Sydney, and it's not too much work as they're nearby and it's only a minor irritation to organise the odd repair or bit of maintenance. It's got to be worth it on the figures, particularly as your place will be new and hardly need a thing done to it for some years. Buying land and building must have put you well in front already though - Seriously, well done there!
Belbo