Ways You Can Save Money On Rent In Sydney
With the average rent in Sydney perched around $600 per week, it’s no wonder that rents in the city are the highest in the country. Perhaps you’re saving up for a home or simply don’t make enough to afford the high rents – either way you need to find a place to live when you work in the city. This guide equips you with nifty strategies to pay less rent in Sydney.
Choose A Rental Unit Offering A Temporary Lease
If you’re looking for properties that offer lower rent, consider rental units that offer temporary leases because they are typically cheaper than long-term leases. Some homeowners offer temporary leases when they are on holidays and need someone to cover the interim period, which means that they are likely to give out the unit for far less than the market price to a willing tenant. This lower rent usually covers utilities and other overhead expenses without the objective of making a profit, so you may end up paying less than you would with long-term leases. Some landlords or property managers may offer lower rental prices if you decide to pay upfront, so you can take advantage of this offer if you’re in a position to do so.
Choose A Granny Flat Or Backyard Unit
Many homes have living spaces like backyard units and granny flats that are in perfectly good living condition and are almost always cheaper than regular rental units. You’ll also benefit from added privacy in these spaces without getting in the way of the landowners. Of course, if you decide to live in someone else’s backyard unit, you’ll want to do enough research to ensure that you’re making the right decision. Be sure to check on elements like neighbourhood safety and security measures within the home for your peace of mind.
Offer House Sitting Services
Some out-of-town homeowners are willing to allow people to live in their homes without charging rent in exchange for property upkeep while they are away. If you’re lucky enough to find these people, you can offer house sitting services to care for your landowner’s pets, mail, and house maintenance when they are away. Keep in mind that you need to have great references and credentials to be able to convince out-of-town homeowners that you’re worthy of the job.
Opt For Smaller Unit Or Shared Accommodation
While a two-bedroom or a one-bedroom apartment is ideal, it’s important that you’re realistic about your budget. If you’re not in a position to pay higher rents, then your best bet is to opt for smaller studio units or shared accommodation to pay lower rents. Downsizing is key when you want to cut down on your rental payments. To live in smaller units or shared accommodation, you may have to adjust your lifestyle slightly and purge any unwanted items. But the effort is well worth it when you consider the savings you acquire from paying less in rent.
If you’re looking for a new rental property in Sydney, contact us to see what options we have available that will help you spend less money on rent.