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The good thing is that we have never had any problem finding tennants, the longest vacancy being less than 2 weeks. That’s what makes me wonder if the agents are being a bit slack. If there are long vacancies between tennants, naturally you don’t increase the rent but finding a tennant doesn’t seem to be a problem so why do they advise not to increase the rent. Living in Melbourne, I’m swayed by the agent’s advice.The two Auchenflower 1 bed units were purchased for $160k and rent for $200 pw, Kangaroo Point 1 bed purchased for $130k rents for $180pw, Lutwyche 2 bed purchased for $189k rents $230pw, and Calamvale 3 bed purchased for $179k rents for $240pw.I’m content with the returns, as after all claims etc, they EACH cost us about $20 pw out of our own pocket to keep.I don’t know whether to go with the flow, or increase the rent and risk vacancies.

I suppose when it comes to units there’s always another one around the corner so competition for tennants could be stronger. I wasn’t aware that there was a problem with vacancies in Brisbane area. I own a few houses in Brisbane and have never had any real trouble finding a tennant, bearing in mind that the houses were purchased between $130,000 and $175,000 don’t require high rentals to cover costs whereas expensive 250,000 plus units may well do thus making them less attractive top tennants. Maybe you could tell us a little more about the current rental you are getting so we can get a handle on where you’re at?

MJK

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