Whether you are looking to relocate to a new city or move out of your current home, rental properties in Perth can provide you with more flexibility than owning a home. If you are just starting out or your employment status is unstable for any reason, renting can help you avoid getting into a financial bind–this detailed guide covering the different aspects of renting in Perth may be very useful.
Another benefit of renting is that you can relocate to a different suburb or property altogether once your lease expires. Most people opt to rent so they can live in areas that suit their lifestyle, which may not be the case when they buy a home.
Nonetheless, there are several things you will want to consider when starting your rental journey in Perth. For instance, some renters forget to adequately consider all the upfront costs and end up with an unpleasant financial surprise when they move.
Before you actively kick off your hunt for the best types of rental units in Perth, it is essential that you seriously think about what kind of property you can afford. Are you looking for cheap apartments for rent in Perth or do you have a bit more budget? As most financial planners suggest, it’s best that your rental expenses do not exceed 30% of your income after taxes.
Explore Different Locations
If you already live in Perth and want to move to another property—or you are coming from out of town—you should take time to explore the city’s different neighbourhoods. Each part of Perth has its own unique features and amenities, some of which may be more suitable for you than others.
Some neighbourhoods have changed drastically in recent years in terms of rental prices, so make sure you carefully explore your options. The cost of living in Perth is also another important element to consider when searching for a rental in Perth.
Show Your Interest
There’s a lot of competition in the Perth rental market. For this reason, it is important to get your tenancy application at the start and submit it in due time. The application form will allow you to show the landlord or property manager that you are a serious candidate. They will compare your application along with any others submitted by potential renters, so you may need to make yours stands out to improve your chances.
Rental Application
A rental application can be described as basically a resume for renting. To fill it out properly, you will need to have certain documents ready to increase your likelihood of being selected. They include:
- Identification
- References
- Proof of income
- Proof of rental history
- Utility bills (or other proof of current address)
In most cases, you can collect the documents above in advance. Doing so will help save time when completing the application so you can submit it sooner. Once the property manager or landlord receives it, they will review and provide feedback on whether or not your application was accepted.
Deposit
In Perth, and Australia in general, a basic long-term lease is usually for six to twelve months and there is no rule on how much you need to pay in advance to secure a space. Nonetheless, you will have to put down a security deposit, also known as a bond. This amount is usually equal to between four and six weeks of rent.
The bond is intended to protect the property owner or landlord from any damages made to the space or in case there are any unpaid rent or bills when you leave. Before you begin your occupancy period, check the property for any prior damages to make sure that you are not held accountable for something that happened before you got there.
To Sum Up
When searching for a property to rent in Perth, make sure you settle on something that falls within your budget. You could also seek the services of a conveyancer to help you with any legal issues associated with a rental occupancy.
Another important thing to remember if you are new to the process of renting a house or apartment in Perth is that a one-hundred-point check system is used in Australia. This is a personal identification platform adopted by the government that most landlords currently utilise before renting out a space to individuals and families.
Once you’re familiar with these aspects and have the necessary documentation on hand, you’re ready to start your search with Soho! Simply download our app or head to our website to save and shortlist your favourite available Perth properties today.
