Thats considered a " rule of thumb " method for working out a rental , but is of course not always correct . Worked exactly for the last place I sold , Sold for $312,000 rent was $310 , previous one Sold for $260k rent was $255 .
With regard to selling quotes , Id be more interested in how the guys who quoted 80k plus ( more ) were going to achieve this price ??? ..Many years ago , when I was listing , I would always list at " real " prices , achieveable results ..rather than looking for a miracle result that basically NEVER happens . When Im going to sell I sell , no point sitting , watching etc .
To Dumper , I agree I reckon rents will rise over the next couple of years . But I can remember the days of having one of my houses vacant for about 8 weeks ..was not that long ago ! Still very tight rental market .
