It would be an understatement to say that home buyers and investors have struggled to secure finance for the past six months or so.
When a vendor puts their property on the market they more or less work in partnership with their agent to present and market the property for the best price possible.
When the property is occupied by a tenant the sales process may be a little more complicated.
Under-renting the property and failing to keep pace with the increasing market.
When interest rates, strata levies and land tax rise, the landlord is left to carry the extra burden. It is only fair and sensible to ensure that the income the property generates is at the market rate and not significantly below.