You know,
It took longer than I thought to get a tenant recently (inner west Sydney). I did question the 'rental crisis' that has been in the media alot lately. Perhaps this article has merit? Anybody finding it harder/longer than expected to get tenants?
there really are so many variables it hard to way a specific place may be slow to let……..property quality, location, rent levels , tenant quality
not in your city but we have had no gap in rental for one outer burb property (re let without a gap 6 months ago) and we had people visiting on the last day of a reno (Melb inner north) and it let the next day. Our experience has been in line with what media and industry commentators are saying……..which surprised me as I am pretty cynical and was thinking this topic was getting beaten up quite a bit.
It depends the rental price, type of property, location, terms and agreement, quality of tenants and of course the real estate agent.
May I know where about in inner west? and what do u mean longer (i,e, few days or few weeks)?god_of_money wrote:It depends the rental price, type of property, location, terms and agreement, quality of tenants and of course the real estate agent.
May I know where about in inner west? and what do u mean longer (i,e, few days or few weeks)?around three weeks GOM. Perhaps I was being impatient. But from the feedback and types of enquiries, the feel is that potential tenants were not under any pressure and could take or leave. The property is 3×2 and by no means premier and shining! but it makes me think, perhaps there is a 2 (or 3…4) tier rental market as well? And there is more pressure on one tier than another and that is what the media is looking at.
.No matter, as long as it is rented I suppose!!
god_of_money wrote:It depends the rental price, type of property, location, terms and agreement, quality of tenants and of course the real estate agent.
May I know where about in inner west? and what do u mean longer (i,e, few days or few weeks)?around three weeks GOM. Perhaps I was being impatient. But from the feedback and types of enquiries, the feel is that potential tenants were not under any pressure and could take or leave. It's a good solid property which takes in over 790 per week but it makes me think, perhaps there is a 2 (or 3…4) tier rental market as well? And there is more pressure on one tier than another and that is what the media is looking at.
.No matter, as long as it is rented I suppose!!
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