Hi all Due to the oversupply of rentals in the current Canberra market, I am having difficulties renting my 1-br unit (7 weeks and counting…. others have been advertised for longer). The PM is great and we are doing all we can to keep the interest – lowering rent ($40/week and lowering), sweetners, twice weekly viewings, now is just not a good time for rental properties in Canberra. I have been thinking for the past 8 months or so at offloading this property, as I feel I could use the funds better in other markets (lesson here is to research, then make the plunge – don’t keep analysing until you have missed the boat! ). Again, the trouble is that even house prices are a little depressed and properties are taking longer to sell (I have seen properties advertised for up to 8 months). I am also looking at vendor financing to tap into a market that is otherwise not accessible. My question is what would you do here? Hold the property hoping that it is rented soon and the market picks up in the coming months/years? Sell? (based on previous sales prices, I wouldn’t be taking a loss on the actual sales price, it will be a few months or so before it sells based on current market conditions – holding costs)? Vendor Finance to capture this market? If you subscribe to the ‘never sell’ line of thinking, I would be interested in your comments as I consider that you own a property while it is benefiting you, and once it has done it’s job, or if better money can be made in other markets, then it is time to sell. I would be interested what you would do in this situation where it is taking a little while to rent. Interested in your comments/discussion.