Lake Macquarie

Rental strategy

Vacancy Cost vs Rent Reduction

Compare the annual rent from waiting for a higher weekly rate against reducing rent to lease the property sooner.

Option AHold firm on rent
Annual income result ?$00 occupied weeks
Option BReduce rent and rent faster
Annual income result ?$00 occupied weeks

12-month comparison

$0Enter your estimatesThe two annual income estimates will be compared here.

The cost of waiting ?

Extra weeks vacant under Option A ?
0 weeks
Estimated extra vacancy cost ?
$0
Weekly rent reduction ?
$0
Lower-rent break-even period ?

Important: This calculator is a general scenario guide only, not financial, legal or property advice. It compares rent only and excludes leasing fees, incentives, repairs, arrears, tax, expenses and rent increases. Actual leasing time and achieved rent can differ; discuss pricing with your property manager.

Calculator field guide

Weekly rent

The weekly rent you hope to achieve if you keep the advertised rent unchanged.

Weeks vacant before renting

The weeks you estimate the property will be vacant before a tenant begins paying rent.

Reduced weekly rent

The lower weekly rent you would accept to attract a tenant sooner.

Annual income result

Weekly rent multiplied by the remaining occupied weeks in a 52-week comparison period.

12-month comparison

The difference between the two annual income estimates.

Estimated extra vacancy cost

The rent forgone from the extra weeks vacant under Option A, valued at Option A's weekly rent.

Lower-rent break-even period

How many paid weeks at the lower rent are needed to offset the income lost while waiting longer.

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