What happens if I can't find a tenant for my property?

It has been our experience that, providing a building is in a reasonable state of repair, and you are not a greedy landloard, you can find a tenant for it.

This is particularly true of the lower end of the rental market. If there is a protracted vacancy (for example, anything more than two weeks) it may be a matter of adjusting the rent slightly.

Rentals can be dropped by (say) $10 per week to attract an appropriate tenant in a short timeframe. Any shortfall in rental increases the taxation effect - in fact the ATO is helping you to meet the funding shortfall!!

With the right property management in place, however, vacancy should not be a problem. A good manager - in the form of either on site management, or a local real estate agent should have no difficulty finding suitable tenants with whom they can foster a long term relationship.