"Rental Properties Australia"

Rental properties Australia - a bit hard to find these days. Particularly if you have just arrived in the country.

Rental markets are quite tight. There are more people wanting to rent than properties available.

But it all depends where you look for and what you want. There are different markets for different needs.

Real estate agents can guide you in your search.

The Australian real estate market is extremely dynamic. Things change very quickly. And they vary by areas.

Rental Properties Australia – Regional

Better value, lower weekly rents. But make sure to choose an area where your skills can find you good job opportunities.

You might be able to get a better price in a capital city too, if you choose an area further away from the city.

Rental Properties Australia –
Capital Cities

But each city has pockets where rents are actually reducing. These areas may have too many new developments. Or tenants trying to buy homes and moving out of rental. Which means rents are going down.

Run an internet search by price to see where those pockets are.

Whatever area you choose, go visit it at different times of the day.

Make sure you are happy with the neighbourhood in the morning when everyone is rushing to work. And in the evening too when some want to party while others go to bed.

Rental Properties Australia –
How to Apply

Then visit several places and apply for the one that suits you.

Fill the application form with your details: address, work, where you rented before. Give names of people who know you and can give you a reference. As a new comer you might not have all this information so it could be good to provide some details about your financial situation.

If you are accepted, you need to pay a bond, as a security deposit. The amount can vary, but it generally is a 4 weeks' rent.

The bond does not go to the landlord or agent. It is lodged with the relevant authority in each state.

You get the bond back when you leave. The agent inspects the property with you. If there are no issues (you don't owe money and have not damaged the property) you get your bond back.

Not all tenants are good, some don't pay in time or don't pay at all or damage the house.

Real estate agents Australia wide have a tool that helps reduce the risk of a bad tenant. It is the tenants' database. It provides them with information about any issues during previous tenancies.

If a tenant is listed on the database, they won’t find a new place easily.

Rental Property Australia –
Other Things to Know

Make sure to include any things that are not right, clean or need to be repaired.

Keep the report. There will be a final inspection when you leave the property.

When you move out, leave the house in the same condition. Otherwise the owner can access and use your bond money to have the property cleaned or repaired.

The owner must ensure that the house is liveable and all its fittings work properly.

If they don't, speak to your agent, write to them or take the matter to authorities.

Whatever you do, don't stop paying the rent.

You don't want to end up in the tenants' database.

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