Ah, this one is hard. There really are benefits to both sides of the argument. Yes, you will get more rent. Yes, you will typically have longer vacancies… it’s a see-saw alright!
So, do you or don’t you?
The short answer is “it depends”. What type of property do you have? A one bedder in the CBD? Yes, consider furnishing it. You’ll get great rent at comparably low risk of a long vacancy. A one bedder out in the burbs with little infrastructure (that is no Uni, no train station etc? I most likely wouldn’t.
Before making the decision, track comparable properties over the net – are they renting easily? How do they compare to your property? What time of the year will the property be available? Jan/Feb and June/July are generally easier letting periods, but definitely in the case of a fully furnished property – you don’t want it to be available any other time.