what is your longest vacancy period?

Interesting thread.

Are the long vacancy periods due to a whole heap of bad applicants or is it due to no applicants?

My longest vacant period is 4 weeks.

 

Our longest is 4 weeks.

I thought some website publish this "Days on the Market" stats. Been trying hard to find it but to no avail. Any clue?

 

Wow 6 weeks vacancy in St Albans... I don't find that. I would be looking long and hard at the role the PM has played in such a long vacancy.

 

I had a 2-bedder in North Sydney vacant for 70 days continuous. Pathetic agent (shouldn't name them, so I'll say Dickson & Spanner) who led me on until I fired them, and hired a new PM who got a good tenant in almost immediately.

My friend living in the apartment across the hallway told me about the first viewing where the agent forgot to bring the keys, and instead banged his fists on the door with over 10 prospective tenants patiently waiting.

 

I've never had over four weeks across South East Queensland, with the average being two weeks from advertisement to move in.

 

6 months after a property in Bendigo was trashed. Of which 5 months due to PM's incompetence and putting it in the too hard basket. Then a month for new PM to get it fixed and re-let to now excellent tenants.

 

Having a long vacancy right now....coming up to 3 months. Not a mainstream place, just a granny flat in Sydney. Usually leased within 2 weeks
Perfect storm with original tenant doing a break lease, then the PM being hospitalised with no replacement, new tenant cancelled at last minute, then not re-advertised correctly and middle of winter.
Dropped the rent but so far the only applicants are duds......
Gotta love property -

 

DOM are usually used for properties for sale. I haven't seen any data for DOM for rentals. But it would make sense that is should technically available. Perhaps a PM could jump on and let us all know!

 

Might have finally broken the tenant drought.......approved what appears to be a good application today.
We live in hope....

PM was saying that there had been rent discounting in a couple of nearby suburbs that had a higher vacancy rate and that had attracted more tenants.....I kinda feel they were asleep at the wheel for a time...

 

I've had intentionally longer vacancy for various reasons on my personal portfolio, usually due to project management on renovations but generally if it's managed as it's supposed to be and it's a balanced rental market vacancy should not be greater than 4 weeks, all things being equal....which also means landlords should be appreciative of the market conditions and be willing to adjust rents as and where necessary.