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From: Colin Mills
One of my tenants is moving out next month. The property manager is advising against increasing the rent. His take is that the rental market has only improved slightly since last year. He advises the rent be left as is.
I live in Brisbane so was wondering if anybody else out there happens to own a property on the North Shore? This place is in Kirribilli with views up to your armpits. Older style but fully renovated. What is your managing agent saying right now? Has anybody increased their rents in the last couple of months?
To put you in the picture the rent was $550 around the time of the Olympics and is now let at $440. That particular place is unmortgaged so I'm not going to go hungry if it stays empty for a while in order to get a few extra bucks.
I'm all ears..................
One of my tenants is moving out next month. The property manager is advising against increasing the rent. His take is that the rental market has only improved slightly since last year. He advises the rent be left as is.
I live in Brisbane so was wondering if anybody else out there happens to own a property on the North Shore? This place is in Kirribilli with views up to your armpits. Older style but fully renovated. What is your managing agent saying right now? Has anybody increased their rents in the last couple of months?
To put you in the picture the rent was $550 around the time of the Olympics and is now let at $440. That particular place is unmortgaged so I'm not going to go hungry if it stays empty for a while in order to get a few extra bucks.
I'm all ears..................
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