All Topics / Help Needed! / Back Unit cause delay to rent front house

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of Melb InvesterMelb Invester
    Participant
    @melbinvester1
    Join Date: 2014
    Post Count: 38
    May 14, 2014 - 10:45 pm

    Hi all,

    I just bought a 1200 SQM block in Bendigo. This Property got front house and back unit. This unit is renting single man for last 5 years with $115 PW. Now im struggling to rent front house?
    what are the options to get some money out?

    MI

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    May 15, 2014 - 9:11 am

    Look at reducing the asking rent for the front house. Most properties will rent – the price just needs to match the markets demand. If you’ve got a unit in the back, you’ll need to charge less for the front house (in comparison to other houses in the area without the second unit) as it will be less desirable.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Melb InvesterMelb Invester
    Participant
    @melbinvester1
    Join Date: 2014
    Post Count: 38
    May 16, 2014 - 9:38 am

    Hi Jamie,

    I just listed in Gumtree and Locanto so many people are replying but i thought of safe to go with the current agent?
    reduce the rent and will see.

    I’m planning to put 3 houses in this land so wait till the property price goes up or start subdividing process? or go without sub division? (duel Occupancy style)

    MI

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.