The Australian rental market is currently very competitive due to an imbalance between supply and demand. According to Statista, Adelaide (along with Perth) has the lowest rental vacancy rates in the nation. Which means that if you are looking for a rental property you can expect to have a challenge ahead of you, so having a standout rental application is crucial to maximise your chances. So, here are 8 tips to answer your question ‘how can I increase my chances of getting a rental property?’
Gather supporting documentation in advance to secure a rental property:
Prepare all necessary documents ahead of time, including identification, proof of income, and any other required paperwork. Having everything ready shows that you are organised and serious about securing a home.
Prepare strong references:
Collect references from previous landlords, employers, or personal contacts who can certainly vouch for your reliability and character. Strong references can significantly bolster your application.
Treat meetings with property managers like job interviews:
Approach meetings with property managers with professionalism. Dress appropriately, be punctual, and communicate clearly. Making a good impression can set you apart from other applicants.
Answer application questions about your rental property clearly and accurately:
Ensure all questions on the application are answered honestly and thoroughly. Incomplete or inaccurate information can delay the process or even result in your application being rejected.
Highlight your rental history:
Showcase your positive rental history, including timely rent payments and good relationships with previous landlords. A solid rental history indicates that you are a reliable tenant.
Showcase stable employment and income:
Provide proof of stable employment and income to demonstrate your ability to afford the rent. This could include recent payslips, employment contracts, or bank statements.
Be patient but be responsive:
While waiting for a response, be patient but also stay responsive. Answer any follow-up questions promptly and then try to provide additional information as needed.
Act quickly if offered a property:
If you receive an offer, act quickly to secure the property. Promptly signing the lease and providing the necessary deposits can ensure you don’t miss out.
Given the current competitive market, with low vacancy rates in Adelaide, it’s more important than ever to ensure your rental application stands out. By following these tips, you can increase your chances of securing your desired rental property.
Remember, being prepared, professional, and responsive are key factors in making your rental application shine. Good luck with your search! You can find more tenant FAQ’s here
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Remember, this article is general in nature and is not financial or legal advice. Please consult your professional financial and legal advisors before making any decisions for yourself.