With a booming service industry, it’s no wonder that young professionals are migrating to Australia’s most vibrant city – Sydney. With real estate prices soaring every year, many young professionals prefer renting over buying – especially those that have just begun their professional careers. With so much demand, attaining your desired rental home may prove to be quite a tedious task. Equip yourself with these valuable tips to secure a good rental home in Sydney.
Choose Location Wisely
Location is an important factor when looking for a place to stay. For example, if you work in the city CBD or North Sydney, young professionals may want to consider living in a location that’s close to their place of work. You could consider vibrant locations like Kirribilli, Surry Hills and Balmain if you want the city living experience. If you have a family, you could consider family-friendly suburbs like Mosman or Lane Cove for a quieter experience.
Organise Documents Before Inspections
Remember that you will need to furnish a variety of documents to corroborate the information you have provided on your rental application. It’s always advisable to prepare these documents in advance so that you can submit them immediately with your application. You will need documents like reference letters from ex-landlords and employers. Make sure you keep your bank statements and pay slips ready to validate your financial viability to pay rent. A photo identification document is important to prove your identity – an essential document because of growing security breaches in the city. Keep a summary of previous rental ledgers to lay emphasis on your regularity in paying rent. By sorting these documents in advance, you can significantly increase your chances of securing your desired rental home.
Arrange For a Rental Inspection
Now that you have finally found a rental home that you like online, contact the registered real estate agent to arrange for a home inspection as quickly as possible – unless a prior inspection schedule is already announced on the website. Remember that rental homes are quickly lapped up, so even small delays could mean losing out to someone else. Request for a rental form in advance to submit it immediately after the inspection, provided you are happy with the home. By submitting an application form quickly, you can increase your chances of attaining your coveted rental property.
Dress To Impress
Creating a good impression may seem obvious, but it’s surprising how many people take this for granted and turn up for an inspection in the shabbiest of clothes. It’s important that agents and owners have a good impression of you – as they manoeuvre through a multitude of rental applications.
Diligent Re-Checks
There’s never any harm in re-checking with the real estate agents after the inspection every once in awhile to remind them of your interest in the property, but never too often that it becomes an annoyance for everyone involved.
While the Sydney real estate rental market is aggressive, these simple but valuable tips will help you in your quest to secure the rental home you want.