Jason are you in Perth. Or are you just another internet hero. I have explained the situation. The property has been leased for $400 pw above what people would think was a fair price. The property has been leased before the old tenants have moved out. People have been posting on here that the bottom end of the rental market is tight. But the top end is moving as well. Sleep on the couch for $16 at local backpacker if you want.