Renting

Common challenges for renters

Renting has many benefits for tenants which varies person to person, from flexibility of location to affordability over a mortgage. However, there are still many some challenges that renters face. According to the ABS in 2014, nearly a third of Australian household were occupied by tenants. Even those investing in property are affected by these trials and tribulations as more Australian’s “rent-vest”.

Recently we caught up with Magpie’s Adam Oxley and Demon’s Ben Kennedy to discuss renting together. While being former teammates provides unique issues for the AFL players, they still confront the same issues as many other renters from space concerns to limitations on pets.

Living in a small 2-bedroom apartment, Oxley states “Ben came to me not too long ago and asked for a dog. I told him clearly we don’t have the resources here to look after one, so you go out on your own and look for a place and I’ll be more than happy to help you move in and join you.”

Renters, you are not alone. Here are the top challenges renters face when trying to find a new pad.

Competition

The rental market can be a dog-eat-dog world, if the place you want is highly sought after. If the landlord has the pick of the litter for tenants, they will pick the person who not just looks best on paper but can also impress in person.

Think of an open for inspection and rental application as a job interview. Dress the part, be on time, provide all the relevant information and make sure your references are on point!

We all want to look our best with little white lies, but it is best to avoid these in your application because the property manager or landlord will find out. Here are our best tips for making sure you nail your rental application.

Budget limits the area

Like any property hunt, renters have to start by assessing their budget. A smaller budget could mean not being able to afford in the desirable areas or it may require renters to live with housemates just to make ends meet.

Your budget can put a limitation on the areas you want to fit your lifestyle for example proximity to the CBD or to the beach, but there may be surrounding suburbs that are slightly cheaper and still meet your needs.

Renters may want to evaluate their needs in a property, for example, do you need a car park if you plan to live and work in the same area. Public transport and not paying the cost of operating a car could save you some cash to put towards a higher rent.

Pets

Our four-legged friends can be part of the family but pet friendly rentals can be hard to come by. If your budget is tight and you have a particular house or area in mind, you may end up disappointed. Finding a home for you and your furry friends may require you to broaden your search.

Talk to your local agent and try suggesting paying a pet bond or having a previous landlord or property manager as a referral for your pet’s behaviour as well as your own.

Source: *ABS Housing Occupancy and Costs, 2013-14