Hi all,
I'm hoping someone from around the Ormond/Carnegie area (or Melbourne south-east suburbs in general) could help me out here. I own a 2 bed unit in a block of 6 - with a decent sized courtyard, about 5 minutes walk to the ormond station. I'm considering renting it out. this will be my first IP. When I rent it out I will look to rent somewhere else in Melbourne closer to the city / or move overseas. Could someone please give me an indication of how long it would take from the time I put the place up for lease to the time it would be occupied by tenants - based on past experience. I'm not sure what the demand is like in the area. I'm trying to gauge how long we should allow ourselves to find another place.
Regards,
Matt.
I'm hoping someone from around the Ormond/Carnegie area (or Melbourne south-east suburbs in general) could help me out here. I own a 2 bed unit in a block of 6 - with a decent sized courtyard, about 5 minutes walk to the ormond station. I'm considering renting it out. this will be my first IP. When I rent it out I will look to rent somewhere else in Melbourne closer to the city / or move overseas. Could someone please give me an indication of how long it would take from the time I put the place up for lease to the time it would be occupied by tenants - based on past experience. I'm not sure what the demand is like in the area. I'm trying to gauge how long we should allow ourselves to find another place.
Regards,
Matt.