I know what you mean bout no renters. We have just built a 4 bedroom home in a coastal area of nsw. We were told $330 week rent – no worries. It has been on the market for 7 nearly 8 weeks – no prospect of any renters. The house is immaculate and brand new but property manager says there is NOW no demand at higher end of market. We’ve reduced rent to $295 week and even offered it to someone who was remotely interested at $280. PM has said we can list with other agencies. Our property that was looking OK offset against our incomes is now looking dismal. We’ve even thought about selling but we’d incur CGT in 1st year. We’re depresses about 1st entry into IP market. We’re hoping maybe to but some cheapies at the lower end of the rental market that maybe easier to rent. Are rents falling out there as property selling prices are rising?

Propertyannie