One of our properties has been vacant since end October. This is in Burnside Heights VIC. API magazine tells me the vacancy rate is 2.4%.
We have only received one application so far, we rejected them as the applicants incomes did not check out.
The place was listed for 390 p/w in October, we've gradually dropped it to 350 p/w just to try and get it tenanted before the quiet period starts. Equivalent properties would typically go for 380-400 p/w. We also tried doing a special - pay 349 p/w for first month, then back up to 370, no bites.
Would appreciate ideas/strategies/comments on how we can try to get this tenanted quickly.
We have only received one application so far, we rejected them as the applicants incomes did not check out.
The place was listed for 390 p/w in October, we've gradually dropped it to 350 p/w just to try and get it tenanted before the quiet period starts. Equivalent properties would typically go for 380-400 p/w. We also tried doing a special - pay 349 p/w for first month, then back up to 370, no bites.
Would appreciate ideas/strategies/comments on how we can try to get this tenanted quickly.