Advantages of Renting in Australia
Flexibility | You can choose who you want to share accommodation with, where you live and can easily move at the end of the lease without major cost. |
Right Location | Accommodation in your preferred location (proximity to school, work, etc). |
Rights As Tenants | You have rights and protections guaranteed to you by a tenancy agreement and the advice and protection of your state’s Tenancy Board. |
Cost Free Maintenance | You are not responsible for repairs to the property that you didn’t cause |
Disadvantages of Renting in Australia
Short Stays | Not suitable for shorter time periods. Leases of less than 6 months are almost impossible to find. |
High Initial Cost | You need to pay four weeks bond plus 2-4 weeks rent in advance, just to secure the property. |
Complex Task | Renting and signing leases is a complex and lengthy task. As a tenant you will need to have a good understanding of English to navigate all the forms. |
Shortage of Rental Properties | Suitable rental properties can be hard to find from time to time so competition can be fierce. |
High Cost of Rent | Depending on the market and the supply of rental properties at the time the price to rent a property can be substantial and account for more than half a weekly wage. |
Extra Costs | The amount of the lease generally does not include energy consumption (electricity, water, gas) |
Categories
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