Fostering a good relationship between all parties to a tenancy will allow everyone to get so much more out of the experience. It’s basic logic. Treat your tenants with respect; be considerate of the fact that your property investment is their home, and they will (hopefully) show you the same courtesy. Remember, these are the…
Recent research indicates that more than two-thirds (68%) of parents who do not own a home find it more challenging to find a suitable rental property when they have children. The Choosi Cost of Kids Report 2023, surveyed 1,210 Australian parents with children under 19 years of age and couples intending to have children. Almost…
Buying your first property heralds the beginning of your investment journey, but it does not end with signing that contract and getting that property title. That home or apartment is not going to make money by itself, so for savvy investors, the natural next step is to rent it out and make a killing off…
We know there is a rental crisis around Australia at present, and there doesn’t seem to be any easy answers to resolve it. In a national survey by Rent.com.au, over half (55%) of Australian renters express a sense of neglect from the 2023-24 Federal budget, indicating that their concerns have not been adequately addressed. Additionally,…
Do you have pets? Well, you might want to take note of these suburbs that have the highest “no pet policy” ratings, as revealed by a new study. According to this recent study by Suburbtrends, certain suburbs in Australia are particularly challenging for renters with pets to secure rental properties. The study examined rental listings…
The rental markets throughout the country are already highly competitive due to a shortage of available rental properties. This has led to historically low vacancy rates and skyrocketing rents. This situation is especially pronounced in metropolitan areas, particularly in the apartment market, where strong demand drives up the pressure. Add to that the latest data…
The state of Australia’s rental market is concerning, with no signs of relief in sight. Advertised rents have surged while vacancies have hit historic lows, all due to a scarcity of rental properties. Over the past year, the demand has shifted from regional areas to the capital cities, particularly the unit market, as overseas migration…
In its Rent Report for the March quarter, Domain has emphasized that the rental market in Australia still heavily favours landlords, as tenants face challenging conditions due to increasing demand and limited supply in 2023. Dr Nicola Powell, Domain’s Chief of Research and Economics said: “Across the combined capitals, we’re now seeing the longest stretch…
The rental markets across the country continue to be tight, with a high demand for rentals that surpasses the available supply. Consequently, there is an upward trend in weekly rents, and vacancy rates are declining. The pandemic has exacerbated this situation, with vacancy rates plummeting by 50%, highlighting the severity of the conditions in most…
Over the past few years, Australians have been experiencing extreme rental stress as rents continue to skyrocket, especially in major cities like Sydney and Melbourne, placing immense pressure on low to middle-income earners. Single-parent families, low-wage workers, and older Australians on fixed incomes are particularly vulnerable to this issue. As the cost of living rises,…
