I have recently found myself in a position that I have not been in before. Over the Christmas period I settled on 3-2-1 two level townhouse in Chermside for a really good price. I have decided to let the selling agent rent the property due to already having photos, keys etc. Now the situation is that we are coming up to a month since settlement and I have not received a single application and only a few groups have actually been through. I have dropped the asking price from $450 down to $430. The property is a 2010 build, its in great condition in a nice part of Chermside and its well priced. The PM tells me that they manage two other townhouses in the complex at $450 and $460 per week and cant give me an explanation as to why the result is so poor. I feel I need to do something as the result is unacceptable to me, has anyone else experienced this before or are there any PM's who could help?