Rental Range Innovation

Have you noticed this latest innovation on RE.com is the rental range, this must be due to shortage of rental accommodation in certain areas, but checking out the rents where I have properties I found there were quite a few quoting between $xxx and $xxx

For example:

http://www.realestate.com.au/cgi-bi...eader=&c=68034142&s=vic&snf=rbs&tm=1196478842

It could be this has been around for a while in other areas but I have only just noticed it in mine.

I wonder how the rent is decided, does the agent have the OFI and see who offers what, so in fact it is the same as a tender process?

Chris
 
Here's another can of worms...If underquoting in this market occurs in the sales arena, can you imagine what will happen here!

TT & ACA will have new stories for the next 12-18 months (and I am underquoting there!)..;)
 
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