Hi there,
We're new investors - our first IP settled last Thursday. The agent has held two open for inspections - one last Wednesday and one on Saturday. A couple of sets of people through each time, but no applications as yet.
It's a 2 bedroom villa unit in Melbourne's inner-west, handy to shops, transport etc, and very tidy. I mean, it passes the ''would I live in it'' test, which I know is not everything.
The asking rent is $320 a week. I know there's another one in the block through the same agent that was rented in May last year for $300 a week, so I think the rent's probably at the high end of about-right.
But, given our nervousness as new investors, we'd just like to see someone in there, helping to pay the bills. Hence my question - when do we start to worry and consider dropping the rent? There's another open scheduled for tomorrow and then, I assume, also Saturday coming. I'd like to see an application by about then. But perhaps I'm panicking early?
TIA folks
We're new investors - our first IP settled last Thursday. The agent has held two open for inspections - one last Wednesday and one on Saturday. A couple of sets of people through each time, but no applications as yet.
It's a 2 bedroom villa unit in Melbourne's inner-west, handy to shops, transport etc, and very tidy. I mean, it passes the ''would I live in it'' test, which I know is not everything.
The asking rent is $320 a week. I know there's another one in the block through the same agent that was rented in May last year for $300 a week, so I think the rent's probably at the high end of about-right.
But, given our nervousness as new investors, we'd just like to see someone in there, helping to pay the bills. Hence my question - when do we start to worry and consider dropping the rent? There's another open scheduled for tomorrow and then, I assume, also Saturday coming. I'd like to see an application by about then. But perhaps I'm panicking early?
TIA folks