Property for rent over 2 months - prime location - 0 applications

Discussion in 'Investor Stories & Showcase' started by SaraMoosh, 28th Jul, 2021.

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  1. The Y-man

    The Y-man Moderator Staff Member

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    About 10 or 20 ads. Having said that, no idea where you apartment is specifically, so you'd maybe compare within a 5km radius.

    FYI - 2 months is not bad at the moment. I had a 3BR unit in Epping empty for 3 months end of last year.

    The Y-man
     
    Last edited: 28th Jul, 2021
    The Y-man, 28th Jul, 2021
    #41
  2. JetstreamVic

    JetstreamVic Well-Known Member

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    Want to flick me a pm? I have one in Essendon and know the area.

    I have a good pm that works out of Glenrothes, gets me good results on my others.
     
    JetstreamVic, 29th Jul, 2021
    #42
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  3. SaraMoosh

    SaraMoosh Well-Known Member

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    sure mate just cant figure out how? i click on yr profile then what do i do from there?
     
    SaraMoosh, 29th Jul, 2021
    #43
  4. boganfromlogan

    boganfromlogan Well-Known Member

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    Interesting post. I have relative in Melbourne who just dramatically lowered his costs by switching out of townhouse into a house!!

    I would say rentals in Melbourne might be finding it tougher just ATM on any account.

    Good luck with it
     
    boganfromlogan, 29th Jul, 2021
    #44
  5. SaraMoosh

    SaraMoosh Well-Known Member

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    what the heck?
    is that OC costs?
     
    SaraMoosh, 29th Jul, 2021
    #45
  6. boganfromlogan

    boganfromlogan Well-Known Member

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    OC?

    So i was just pointing out that Melbourne rentals might be having a challenging time. So in that case a buyers market, so all the helpful suggestions you have received and maybe lowering expectations might be required.

    I dunno why Vic is experiencing this, just happy for my relative!
     
    boganfromlogan, 29th Jul, 2021
    #46
  7. The Y-man

    The Y-man Moderator Staff Member

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    The plausible story from our agents is that people are buying due to low interest and FOMO - they can basically buy a place of their own for about the same outgoing as rent.

    And then there are those "upgrading" the places they rent like relos - so people in 1BR aprtments find they can rent a 2BR, those in a townhouse/unit suddenly find they can rent a house etc.

    So unfortunately, a 1BR ends up being the bottom of the pack that becomes empty ro super cheap.

    The Y-man
     
    The Y-man, 29th Jul, 2021
    #47
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  8. SaraMoosh

    SaraMoosh Well-Known Member

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    makes sense totally but my 1bedder is much cheaper than 2 bedders here so not too sure
    i have 4 groups inspecting today fingers crossed
    i think my agent isnt too bad at getting people in after all
     
    SaraMoosh, 29th Jul, 2021
    #48
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  9. Scott No Mates

    Scott No Mates Well-Known Member

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    Start a conversation
     
    Scott No Mates, 29th Jul, 2021
    #49
  10. SaraMoosh

    SaraMoosh Well-Known Member

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    cool

    how much do you think for a 1 bed 1 bath no car 58sqm apartment in essendon for sale price Y man?

    how much can u push it as in asking price in yr opinion?
     
    SaraMoosh, 29th Jul, 2021
    #50
  11. The Y-man

    The Y-man Moderator Staff Member

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    Prob better to contact @JetstreamVic as above. I only have houses in the area.

    The Y-man
     
    The Y-man, 29th Jul, 2021
    #51
  12. SaraMoosh

    SaraMoosh Well-Known Member

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    coolio :)
    houses in essendon? wow id love one but could never afford, too expensive haha
     
    SaraMoosh, 29th Jul, 2021
    #52
  13. thatbum

    thatbum Well-Known Member

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    I'm an out of towner, so it's not like I know melbourne super well. But a 1 bedder in Essendon without parking already sounds like a dud rental offering - and it's on the market for sale as well!?!?

    Surely that's the answer right there.
     
    thatbum, 29th Jul, 2021
    #53
  14. The Y-man

    The Y-man Moderator Staff Member

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    We have a small (48sqm) 1BR in Prahran rented for $300pw. It was leased last year, with almost no vacancy thanks god.

    The Y-man
     
    The Y-man, 29th Jul, 2021
    #54
  15. SaraMoosh

    SaraMoosh Well-Known Member

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    with car park?
    prahran is a nice area too yeah
     
    SaraMoosh, 29th Jul, 2021
    #55
  16. The Y-man

    The Y-man Moderator Staff Member

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    Not essendon actually tho - Ascot Vale.

    The Y-man
     
    The Y-man, 29th Jul, 2021
    #56
  17. SaraMoosh

    SaraMoosh Well-Known Member

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    i love ascot vale, probably more than essendon now its too crowded! ascot vale more homely and probably more expensive tho im not sure
    i used to love moonee valley but im over it now the type of ppl moving around here are a bit doddgy nowadays :/
     
    SaraMoosh, 29th Jul, 2021
    #57
  18. The Y-man

    The Y-man Moderator Staff Member

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    Yes - undercover, but not garage.

    The Y-man
     
    The Y-man, 29th Jul, 2021
    #58
  19. JetstreamVic

    JetstreamVic Well-Known Member

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    @SaraMoosh ive replied to your pm.

    As much as the no car park sounds really bad, there are some massive mitigating circumstances which means that not having a car space might not be as bad as it sounds
     
    JetstreamVic, 29th Jul, 2021
    #59
  20. SaraMoosh

    SaraMoosh Well-Known Member

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    yeah 100% mate
    the only ppl who this would be a problem for is those who have a car
    if u dont have a car ur 100% fine here
    had a couple of ppl WITH cars who inspected that commented lack of carpark isnt actually a deal breaker for them & that theyd apply
    but didnt dont know why tho :/ maybe found other units bc they said theyd be inspecting more houses
     
    SaraMoosh, 29th Jul, 2021
    #60
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