Sounds near the point where landlords are incentivized to have a high turnover rate. At a 1 year average turnover & the higher key money estimate, that's >50% e

Sounds near the point where landlords are incentivized to have a high turnover rate. At a 1 year average turnover & the higher key money estimate, that's >50% extra revenue (then indefinite tenants) with <10% extra cost (assuming finders fee & insurance goes to finders & insurers). Here (Melbourne) You usually need approximately 3X1 month to rent (more if you include average contact breaking costs). Deposits get held by bureaucrats so no one is incentivized in any way.