Why You Should Always Choose a Licensed Renter’s Agent

Why You Should Always Choose a Licensed Renter’s Agent

Why It’s Important to Choose a Licensed Renter’s Agent

Finding a rental property has never been harder. With fierce competition, strict application processes and rising demand, many renters are turning to renter’s agents for help. A renter’s agent works on your behalf to search, apply, and sometimes even negotiate for your next home—saving you time, stress and frustration.

But here’s the catch: not all renter’s agents are licensed. And while an unlicensed agent might promise results, the risks far outweigh the benefits.

What Does It Mean to Be a Licensed Renter’s Agent?

A licensed renter’s agent is someone who holds a real estate license under state or territory law. This means they:

  • Have completed formal training and certification

  • Are bound by a legal code of conduct

  • Must comply with consumer protection regulations

  • Can be held accountable if something goes wrong

In short, licensing ensures that your agent is not just “someone who helps with rentals,” but a qualified professional legally recognised to represent renters.

The Risks of Using an Unlicensed Renter’s Agent

At first glance, an unlicensed agent might look like a cheaper option. But here’s what you’re risking:

  1. No Consumer Protections – if an unlicensed agent mishandles your case, you have no legal pathway to recover losses. Licensed agents are regulated and must follow a code of conduct.

  2. No Professional Standards – Licensed agents are trained in real estate law, tenancy regulations and ethical conduct. Without a license, there’s no guarantee the person advising you actually understands the system.

  3. No Accountability – if an unlicensed agent gives you poor advice, disappears with your payment, or misrepresents properties, you have little to no recourse. Licensed professionals, on the other hand, can face disciplinary action and fines.

  4. Risk to Your Application Success – Real estate property managers often prefer dealing with licensed renter’s agents because they trust the process. An unlicensed agent may actually weaken your chances of securing a property.

When you’re already competing against dozens of other applicants, the last thing you want is an avoidable setback.

The Benefits of Choosing a Licensed Renter’s Agent

On the flip side, a licensed renter’s agent gives you confidence and peace of mind every step of the way. Here’s why:

Expertise You Can Trust – They’ve been trained in tenancy law, rental application processes, and negotiation strategies.

Legal Protection – your entire service is handled according to real estate agent rules of conduct.

Professional Accountability – If something goes wrong, you have legal channels to resolve disputes.

Industry Recognition – Property managers and landlords respect licensed agents, making them more likely to take your application seriously.

Peace of Mind – You can focus on finding and securing the right home knowing a professional is guiding you.

A Real Example

Imagine this: You pay an unlicensed “agent” to help you secure a rental. They promise to handle everything, but after weeks of waiting, you realise they’ve done very little—or worse, disappeared with your money. Unfortunately, without a license, they aren’t bound by real estate laws, and you’re left with little recourse.

Now compare that to working with a licensed renter’s agent. They’re bound by law to act in your best interests, follow proper processes, and handle your money with transparency. If something goes wrong, you can lodge a complaint with a regulatory body—and the agent risks losing their license. That accountability makes all the difference.

How to Check if an Agent Is Licensed

It’s easier than you might think. Every state and territory in Australia has an online register where you can search for licensed real estate professionals. For example in NSW, it’s NSW Fair Trading License Check.

FAQs About Licensed Renter’s Agents

1. Isn’t any renter’s agent better than none?
Not always. An unlicensed agent could actually harm your chances or leave you unprotected. A licensed agent ensures professionalism and accountability.

2. Do licensed renter’s agents cost more?
Not necessarily – but some will cost slightly more. The difference is that you’re paying for the expertise and protection that comes from working with someone who is qualified, licensed and insured—not just a “middleman.”

3. Can a licensed renter’s agent guarantee I’ll get the property I want?
No agent can guarantee approval, but a licensed professional significantly improves your chances by presenting stronger applications and working with property managers.

4. Why do real estate agents prefer licensed renter’s agents?
Because they trust them. Licensed agents understand industry standards, making communication smoother and more reliable.

Final Thoughts: Don’t Risk It

When it comes to finding a rental property, the stakes are high. You’re talking about your future home, your security and in many cases, many thousands of dollars for your lease and the bond. Choosing an unlicensed renter’s agent might look tempting – particularly based on price, but the risks can far outweigh the short-term convenience.

At Find My Rental Property, we’re fully licensed, qualified, insured, experienced and committed to making your rental journey smoother, safer and more successful. When you choose a licensed renter’s agent, you’re not just getting help—you’re getting professional protection, accountability and expertise.

👉 Thinking of hiring a renter’s agent? Make sure they’re licensed. Your home—and your peace of mind—deserve nothing less. Reach out to us when you’re ready to place your rental search in our hands.

Find My Rental Property: Your Trusted Rental Search Consultant

Find My Rental Property: Your Trusted Rental Search Consultant

Renting Today: Why It’s Harder Than Ever

Let’s face it - finding a rental property these days can feel like running a marathon blindfolded. Demand is high, supply is limited and competition is fierce. And in Sydney, you’re often battling against dozens of applications for the same home.

This is where many people hit a wall. It’s not that they can’t do the work; it’s that the process has hidden traps. Without the right knowledge, you can easily spend weeks (or even months) chasing homes that either don’t exist in the market or are nearly impossible to secure.

That’s exactly why we created our consultancy services at Find My Rental Property—to help renters cut through the noise, identify realistic opportunities, and walk into inspections with confidence.

The Many Ways We Help Renters

Everyone’s renting journey looks different. Some people breeze through applications, while others freeze the second they’re asked for supporting documents. That’s why our services are designed to flex around your needs.

Here are some common situations we see:

  • The application-only renter – They’ve found the right home, but the paperwork has them second-guessing. We help them polish their application so it shines.

  • The “just give me the keys” renter – They want a full end-to-end service, from searching to inspecting to securing the property.

  • The first-time renter – New to renting? A few insider tips and step-by-step guidance are often all they need to succeed.

  • The partial DIY renter – They’re confident with inspections but overwhelmed by everything else—applications, references, negotiations, and follow-ups.

👉 No matter which camp you fall into, our goal is simple: make renting smoother, quicker and less stressful.

Why Rental Consultants Are Becoming Essential

Now, here’s where things get interesting. More and more, our role has shifted into what we like to call rental consultancy.

Think of us like coaches. You’ve got the drive, you’ve got the skills—but sometimes you just need an expert to steer you in the right direction.

So, where do renters usually stumble? From years of helping people, we’ve noticed two common roadblocks:

1. Searching for Homes That Don’t Exist

Some renters unknowingly chase unicorns. Maybe it’s a three-bedroom townhouse in a premium suburb priced at half the going rate, or a studio in an area that just doesn’t have studios, or a well-priced home in a suitable area, but with a list of requirements a mile long that can’t all be met - and struggling with what to let go of. These properties are either nonexistent or incredibly rare. Without realising it, renters waste weeks - and sometimes months - searching for something that will never appear.

2. Repeated Application Rejections

This one stings. A renter finally finds a great property, applies, and gets rejected. Then it happens again. And again. After a while, they start questioning what’s wrong with them—when in reality, it’s usually just a matter of small but crucial tweaks in their application strategy.

This is where our consultancy service shines. We spot what others don’t.

How Find My Rental Property Consultancy Works

When people hear “consultant,” they sometimes picture someone taking over completely. That’s not what we do. Instead, we empower you with clarity and strategy.

Here’s a snapshot of what working with us looks like:

  • Market Reality Check – We help you understand what’s truly available in your desired area and budget, so you’re not chasing homes that don’t exist.

  • Application Audit – We go through your application and pinpoint why landlords or agents might be saying no.

  • Application Boost – From how you present your documents to how you structure your rental history, we make your application stand out in a crowded field.

  • Strategy Session – Together, we create a step-by-step plan so you know exactly what to do next.

Real-Life Example

Take Sarah, for instance. She had been searching for a two-bedroom apartment in a highly competitive suburb for months. Despite submitting multiple applications, she kept getting knocked back.

When she reached out to us, we reviewed her applications and noticed two issues:

  1. She wasn’t including all of the required documents to present her as the ideal tenant, and some of her documents were internally inconsistent.

  2. Her references were strong, but she hadn’t prepared them to present her in a way that highlighted her reliability.

We reviewed and restructured her application and guided her toward slightly more achievable suburbs. Within three weeks, she was approved for a rental she loved.

Tips for Renters Struggling in Today’s Market - Why Work With Us?

Here’s the truth—many renters don’t need someone to do everything for them. What they need is:

  • A clear path forward

  • Expert insight into the rental market

  • Confidence that their application is as strong as possible

That’s exactly what our consultancy service delivers. We don’t just want to hand you the keys; we want you to feel empowered and confident navigating the rental market now and in the future.

FAQs About Rental Consultancy

1. Do I need a rental consultant if I’m confident with applications?
If you’re facing rejections or not finding the right properties, a consultant such as Find My Rental Property can quickly identify what’s going wrong.

2. Isn’t this something I can just Google?
You could—but Google won’t give you tailored advice for your unique situation. As a consultant, I analyse your needs, not generic scenarios, and I offer real-time market advice.

3. Will a consultant find the home for me?
Not always. Some clients want us to do the full search; others just want guidance. It depends on the service level you choose.

4. What’s the biggest mistake renters make?
Chasing properties outside their budget or that are incredibly rare, or not realising how competitive certain markets are. Both lead to wasted time and frustration.

Wrapping It All Up

Renting doesn’t have to feel like an endless uphill climb. At Find My Rental Property, we’ve seen first-hand how just a little expert guidance can turn things around. Whether you’re struggling with applications, searching for the impossible, or just need a roadmap to follow, our consultancy services can give you the clarity and confidence you need.

So, if you’ve been stuck in rental limbo, maybe it’s time to stop going it alone. With the right consultant in your corner, the home you’ve been chasing could finally be within reach.

Book a consultation today.

The 2025 Guide to Renting with Pets ... in Sydney

The 2025 Guide to Renting with Pets ... in Sydney

Previously a very onerous exercise, renting with pets has just become significantly more achievable for NSW tenants (YAY!), thanks to groundbreaking changes to the Residential Tenancies Act which finally came into effect in 2025.  The reforms have made it significantly easier for tenants to rent with pets, recognising the incredibly important role that our pets play in our lives.  With more and more people now having pets instead of children and with more and more people renting, the tide is turning as more people vote with their paws.

 At Find My Rental Property, our agents are on hand to provide expert advice for your application and pet-friendly rental search.  Contact us today.

The Best Advice and Guidance for Renting with Pets in Sydney – Understanding your Rights

The new legislation fundamentally shifts the balance.  Before, landlords could refuse a pet for any reason or for no reason at all - it was felt that it was their right to ultimately decide if animals ought to live in their homes.  Now, landlords cannot unreasonably refuse a pet. If a tenant submits a pet application, that application is taken to be approved if the landlords has not rejected the application within 21 days.

If the landlord intends to refuse the application, they must give a reason, and the refusal can only be based on permitted reasons:

  1. Too many animals for the property – keeping the pet would push the household beyond a “reasonable number” of pets.  “Reasonable” is thought to be four animals but naturally there is a difference between four goldfish and four dogs.

  2. Inappropriate fencing (for animals that live outside)

  3. Not enough open space (for outdoor animals)

  4. High risk of damage or cost beyond the bond – but the landlord must weigh the tenant’s proposed safeguards (eg pet gates, keeping the animal outdoors)

  5. Health or safety hazard – The animal is venomous, aggressive, or otherwise poses an unacceptable risk to people.  Certain breeds of dogs would likely not be allowed.

  6. Contravenes a law or by-law – Local council, body corporate or park rules, breed bans, wildlife regulations, etc.  But, note that strata by-laws cannot prohibit pets.

  7. Tenant rejects reasonable conditions for keeping a pet – for example, refusing end-of-lease carpet cleaning or flea treatment that’s proportionate to the pet; refusing to ensure that the pet is on a leash when on common property.

  8. Landlord shares the premises – If the owner lives onsite and has allergies, phobias or similar legitimate concerns.

  9. Premises can’t humanely accommodate the pet – The dwelling’s layout or environment would prevent proper care of the animal; this also includes animals that are too large for the property.

As before, assistance animals receive special consideration.  Tenants with an assistance animal (such as a guide dog) do not require the landlord’s consent to keep those animals.  However, they should still notify their landlord about the presence of an assistance animal and also notify the strata committee.

At Find My Rental Property, we specialise in securing pet-friendly rental properties for our clients.  Contact us today for expert help!

Conditions for Pet approval

Landlords may approve pets – but specify conditions. For example, they can require:

  • The carpets be professionally cleaned at the end of the tenancy if the animal lived indoors and it’s appropriate for the type of animal and the rental property (eg, it’s not appropriate to place this requirement for keeping a goldfish).

  • The premises be professionally fumigated at the end of the tenancy (this can only be a condition if the animal is going to live indoors and is a mammal).

  • The animal be kept outdoors (this is only appropriate for animals that are not usually kept indoors such as chickens and goats).

  • The animal be registered with the local council (for animals that can be registered)

  • The animal be registered with the strata committee

  • That appropriate noise and nuisance prevention measures are taken

  • That the animal not be allowed to defecate on common property

But there are some conditions that landlords cannot require.  These include:

  1. An increase to the rent payable, or the bond required

  2. Additional security such as insurance

Overwhelmed with your rental search? 

Our e-Book tells you everything you need to know about finding your dream rental!

Special Considerations for Strata Schemes

Most units fall within a strata scheme which has certain requirements for pets.

These cannot be over-ridden by residential tenancy laws (ie, they trump whatever is stated in the Residential Tenancy Act)

What this means for tenants

  • Dual approval process – Tenants need approval from both the strata committee and their landlord before the animal can move in

  • Review the strata bylaws – These must be provided to tenants prior to signing the lease.  They cannot impose blanket pet bans, but they can provide reasonable reasons for refusal, such as refusing animals that are known to be dangerous or aggressive.  They can also specify rules that pet owners must follow which relate to noise, defecation and control of the animal whilst on common property

Is this all good news for Sydney renters with pets?

In our opinion, it is great news for established tenants who are seeking approval for a new pet.  The laws now support tenants to rent with pets, save for a few reasonable reasons for refusal.

But what about tenants who are applying to rent a new home with a pet? 

It’s true that owners cannot unreasonably refuse a pet, but it is also true that owners can refuse a tenancy application without providing a reason.  It is well-known that Sydney is one of the most competitive cities to live in, and so, it remains that when presented with two excellent applications – one with pets and the other without, the one without will often win the property.  It is also true that early on in a rental campaign, an owner may prefer to keep their property on the market for longer hoping to secure a pet-free tenant, than to approve an earlier applicant with a pet.

So yes, unfortunately, the bias persists.  Sydney’s competitive rental market means that good homes will often attract multiple applicants, and pet-friendly homes may command premium prices.

Make Your Next Move Stress-Free with Professional Support

Offering strategic advice for a successful rental search, to ensuring an all-star application that gets approved – our service ensures that every aspect of your rental journey is handled with expertise, skill and precision.  If you’re ready to engage a professional and licensed renter’s agent, contact us today.

Let us represent you and find your new rental home

The Top 3 Green Flags That Say That Your Application Will Be Approved

The Top 3 Green Flags That Say That Your Application Will Be Approved

We’ve all experienced it. You finally see a home you fall in love with.

You apply.

And you wait.

And wait.

No news …. the wait is agonising!

But did you know that there are some sure-fire signs that your application will be approved?

With Sydney rental vacancy rates as low as 1.5%, competition is fierce. But the good news? Property managers often drop hints when you’re on track for approval.

Here’s how to spot the strongest signs your rental application is about to get the green light.

Why Rental Application Success Matters Now

Securing a rental in Sydney has never been tougher. With dozens of applicants competing for each property, the waiting game after submitting an application can be nerve-wracking. On average, tenants are approved within one business day of the inspection. When you know what to look for, you can read the signs, manage your expectations and move forward with confidence.

Quick Snapshot: 3 Signs Your Application Is Likely Approved

  1. The property manager keeps you in the loop – they communicate with you and let you know how your application is progressing

  2. The property manager contacts you to discuss logistics like move-in dates – Talking specifics often means they’re planning around you. The more flexible you can be, the more likely they will be to say YES to you.

  3. You receive an email letting you know you’ve been approved and request a holding deposit. This is the official step - pay your deposit and you’re done!

How Rental Applications Are Really Assessed

Property managers don’t just pull names out of a hat—they run a thorough check on:

  • Financial stability (payslips, bank statements, rent-to-income ratio, savings, an income for each adult who is living in the home) - can you reliably pay the rent?

  • Rental history (references from previous landlords) - can you reliably look after the home?

  • Suitability as a tenant (background checks, employment status, and overall presentation, references)

A complete, well-prepared application can move through these checks faster, giving you an edge.

👉 Pro tip: Incomplete or sloppy applications are one of the top reasons for rejection. Always double-check your documents before you hit submit.

3 Signs Your Application Is Moving Towards Approval

1. Fast, Direct Communication

If a property manager calls or emails you within hours of applying, it’s a strong signal. They don’t waste time chasing people unless you’re on their shortlist. Extra questions about move-in dates usually mean you’re being seriously considered.

2. No Issues With Your Documentation

When your application sails through without requests for clarification or missing documents, you’re in excellent shape. Property managers love applicants who anticipate requirements—it shows organisation and reliability. Note, when properties are competitive, incomplete applications don’t get a look-in. Always ensure that your application is complete and accurate before hitting send.

3. They Talk About the Lease and Logistics

When discussions shift from if you’re approved to when you’ll move in, you can breathe easy. Conversations about the bond, lease start date and key pick-up usually mean the property is practically yours.

Stand Out in a Competitive Market

In hot markets like Sydney, landlords may receive 20+ applications per property. To rise above the crowd, you need to:

  • Submit a complete application upfront - we can help via our application review service

  • Provide strong references

  • Be responsive and professional in every interaction

These small details help property managers view you as a safe, low-risk and desirable tenant.

Ready to Secure Your Next Rental?

Recognising these approval signs helps reduce stress, but preparation is what truly seals the deal. At Find My Rental Property, we specialise in helping tenants present themselves as the ideal choice. From perfecting your documents to building a compelling rental profile, we know exactly what landlords and property managers want to see and 100% of our high-quality applications have also got the tick of approval from property managers!.

Don’t leave your next rental to chance. Contact us and let’s get you approved for your dream home.

What do dentists have in common with rental property searches?

What do dentists have in common with rental property searches?

Let’s face it.  Finding a rental property is like a visit to the dentist. 

Nobody wants to sit in that chair for a moment longer than is necessary.

A quick, painless and relatively cheap dental visit is the best visit by far!

And finding a new rental home can be the same.

In our horribly competitive and challenging Sydney rental market, our clients, Zoe and Chris, were able to find a great new home for their family that met their adjusted criteria within their time-frame and budget, thanks to our process-driven approach.

Our streamlined and systematic approach ensures we deliver results efficiently, even in a challenging market, while respecting each client’s time-frame, key property requirements and budget.

The rental market moves fast …. the best homes always lease quickly … and our project management is designed to secure each client the best possible home for their needs and secure opportunities before they lease to others.

We find that there are three key factors in any rental search:

  • Location

  • Budget

  • Property requirements (eg dishwasher, built-ins, a yard etc)

We’re not just about finding a home for each client: we’re about finding the right fit within the realities of today’s market so that we achieve for each client the very best possible match for each client’s unique situation.

For Zoe and Chris, this meant shifting our focus from the Hills area of Sydney to the Campbelltown area. There, we were able to find the perfect home that met all of their property requirements, whilst remaining within budget and within their specified commute. With their children not yet settled into school and daycare, they were able to secure this for their children in their new location and they were thrilled with the outcome.

“We’re new to Sydney and had no idea how competitive it would be for houses in Sydney, but when we arrived, we realised it was because people were getting into share-housing and taking houses that would have instead rented to families. Each Saturday, we were competing against large groups and we were rejected 7 times before we came across Find My Rental Property. We were impressed with the idea of putting a structure and a process to finding a home because clearly what we’d been doing wasn’t working!! I was stressed, I had kids to get into school and childcare so that we could both start work and I was turning myself inside out. Melissa was like a breath of fresh air - she took on all of the searching for us and made sure our application was perfect before we submitted it - and admittedly, there were a few things we needed to rectify in it, we could understand why it wasn’t getting approved. In the end, we got a home that was nowhere near where we thought we’d be living, but it’s perfect for us! It’s a commute from a different part of Sydney, but taking the same time, we have a street full of families and all of the kids are friendly so our kids have friends in the street now, it’s quiet and peaceful and we have shops and a hospital closer to us than what we would have had in the area we first started looking in. I can really see us staying here for the long-term and when we get more settled, we’ve already planned to ask Melissa to help us buy a home!”

For a streamlined and painless rental property search, contact Find My Rental Property.

Finding your dream home ... in a rental crisis, on a budget, with pressure of time?

Finding your dream home ... in a rental crisis, on a budget, with pressure of time?

The current market is the most challenging it’s been. Winter is typically a great time for renters, with lower rents and plenty of stock on the market. Not so this year! Yes, there’s slightly more stock, but the rents are still high! We are also finding there are more tenants looking compared with normal, we think because people relayed their moves in the Summer months, hoping for better luck in Winter.

Julie and Matt have two young children (twins, aged 6), a pet dog (27kg, living indoors and outdoors) and a cat. They are relocating to Sydney to complete a medical fellowship (Matt) while Julie is currently interviewing for GP roles. Thankfully, both have obtained their medical registration, but they’re yet to enroll their children into school as this will depend on their actual address, and whilst they have a rough idea of what they want in their home and local area and have a fixed budget in mind, they’re actually really stuck on where they’ll be able to live to meet their property requirements and budget. So you can see, we have a circular process to navigate to ensure that budget, requirements and timing are aligned and realistic, before we can even embark on a rental search.

We also have some issues to address with their application. You see, medical fellowships are not paid at the higher rates that specialist doctors achieve, and Julie will only be working part-time, but she’s yet to secure any work. As it currently stands, their application is not competitive and may not support them to rent anywhere within Sydney within their budget. We need to fix that.

It was such a relief to know that we’d engaged Melissa. Immediately we felt relief and that we had someone in our corner who knew how to help.

Julie and Matt gave good thought to their wants and needs and sent through their brief which we looked at in detail to refine, clarify and align. Initially, Julie wanted to live near the coast, but with Matt’s work in Penrith, that would have created a very long commute. Not being from Sydney, they didn’t appreciate just how long that commute would be. We also needed to work on property size and amenities to accommodate two children who would need some space to play and do school work, and a larger yard for their dog. So, we had some work to do together to clarify and refine the brief. Next step was a feasibility study to make sure that what we had in mind would actually work in the market.

I had no idea just how difficult Sydney was! At every turn, it felt like an impossibility. Melissa was so good at guiding us and offering suggestions of things we didn’t even consider. We thought a garden would be in all houses. We didn’t know, for example, that sometimes in the Inner West, the car parking is actually the space in the back yard! We didn’t know distances and how to commute and what the schools were like. Melissa’s expertise was on-point.

Armed with a brief that was well aligned with the market and a refined application that I was sure would get them across the line, I was ready to embark on property research. I used my tried-and-tested approach which project-manages all aspects of the rental search and predictably, identified 19 homes that met the mark. I presented them to Julie and Matt who were blown away to have so many good options to choose from.

All we’d heard was doom and gloom stories about renting in Sydney. Actually, I was secretly worried that we wouldn’t find anything, and that we would return home, out-of-pocket and needing to almost start again with our lives back home. I was skeptical at first when I started working with Melissa because the service sounded too good to be true, but then I saw how much time she takes to thoroughly go through everything - I began to feel confident, but when that shortlist came through, wow!

I inspected three homes for Julie and Matt and all were suitable. They really loved two of the homes, applied for both and got accepted for both …. at 10.59am and 11.11am on Monday morning! They of course choose their favourite and the rest is history. They arrived from the UK with a home waiting for them to move into. They avoided the cost of short-term accommodation. They had a known address prior to moving which helped them to choose a school and enroll their daughters. Julie could target the medical centres in the local area, now that she knew where she’d be living. Furniture could be ordered with a delivery address and arrival date. It all came together.

But it could have been very different.

They could have ended up with a property that was very far from Matt’s work place.

They may have struggled to secure a home without inspecting, as they were overseas.

Their original application would have likely failed - we made a lot of helpful suggestions to improve it and clearly, it worked.

The cost of short-term accommodation - not to mention a second move - would have increased their costs significantly.

They saved time and stress.

All for one low fee.

Thank you so much for all your hard work and effort! This has been an absolutely fantastic experience for our whole family - we’ve already recommended you to others. I loved how simple and easy it was - we didn’t waste time on areas that wouldn’t have been right for us, or homes that ere unsuitable. To simply get a shortlist, choose the homes and then get inspection summaries and photos to review when we woke up was just amazing! Thanks for your extremely quick responses, and the very high level of communication. Absolutely fantastic service!

The Key to Your Next Home: Why Having a Good Rental Application Matters

The Key to Your Next Home: Why Having a Good Rental Application Matters

Searching for a new place to call home is an exciting yet often challenging process. Whether you're a seasoned renter or new to the world of renting, one crucial element can make or break your journey: your rental application. Many prospective tenants underestimate the importance of a well-crafted rental application. I find it’s the most common mistake made. Let’s delve into why having a good rental application is not just important, but can actually be the key to securing your dream Sydney rental property.

First Impressions Matter

Your rental application is often the first interaction a landlord or property manager has with you. It serves as your introduction and sets the tone for the entire rental process. An organised, well-prepared application reflects positively on you as a potential tenant, demonstrating your professionalism and responsibility.

Competitive Advantage

In today's incredibly competitive Sydney rental market, landlords often receive multiple applications for a single property. A well-crafted application can help you stand out from the crowd. It shows that you are serious about the property and willing to put in the effort to secure it.

Speeds Up the Approval Process

A complete and thorough rental application expedites the approval process. Landlords appreciate applicants who provide all necessary documentation and information upfront. This can result in quicker responses and faster decisions, allowing you to secure the property before others. If there are multiple applicants, those with the most complete applications will be processed whilst the incomplete applications are often not progressed.

Establishes Trust

A good rental application is a transparent one. By providing accurate information about your rental history, employment and financial situation, you build trust with the landlord or property manager. Trust is a fundamental element in any landlord-tenant relationship and can lead to smoother transactions and better communication throughout your tenancy.

Minimises Delays and Misunderstandings

An incomplete or poorly filled-out application can lead to delays and misunderstandings. Missing information or discrepancies can trigger additional questions and requests for documentation, prolonging the application process and increasing the chances of losing the property to another applicant. An incomplete application can’t be submitted via online platforms as the application fields are mandatory.

Demonstrates Financial Responsibility

One of the most critical aspects of a rental application is your financial information. A well-organised application showcases your financial responsibility, assuring the landlord that you are capable of paying rent on time throughout your lease. This can be a deciding factor for many property owners.

In the competitive world of renting, a good rental application is your ticket to securing the home you love. It is more than just a piece of paper; it's your opportunity to make a positive impression, build trust, and demonstrate your suitability as a tenant. By investing time and effort into creating a well-organised, complete application, you not only increase your chances of being selected but also lay the foundation for a positive and successful rental experience. Remember, the effort you put into your rental application today can lead to a brighter, more comfortable tomorrow in your new home.

Melissa Maimann is a licensed real estate agent (renter’s agent and buyer's agent) in Sydney. She saves renters valuable time and frustration offering an affordable service that finds and secures the best rental properties quickly, easily and effortlessly. If you need a Licensed Real Estate Agent to find your next rental home for you, don't hesitate to make contact.

The Eastern Suburbs of Sydney

The Eastern Suburbs of Sydney

Nestled between the beaches and the vibrant heart of Sydney lies the Eastern Suburbs, an enclave of the city renowned for its elegance, charm, and an enviable coastal lifestyle. From its breathtaking beaches to its cultural richness and urban convenience, living in the Eastern Suburbs of Sydney offers a host of enticing benefits.

Living in Sydney's Northern Beaches

Living in Sydney's Northern Beaches

When it comes to living in a place that combines natural beauty, coastal charm, and a laid-back lifestyle, Sydney's Northern Beaches are hard to beat. Stretching along the stunning coastline of New South Wales, this area offers an idyllic way of life that draws both locals and visitors in with its irresistible allure.

The Inner West of Sydney

The Inner West of Sydney

Sydney, often described as one of the world's most picturesque cities, offers a myriad of diverse neighbourhoods, each with its unique charm. Nestled close to the bustling CBD, the Inner West stands out as a vibrant, thriving area that combines the best of many worlds.

A Sense of Community

One of the most striking features of the Inner West is the strong sense of community that permeates the area. With its diverse population, the Inner West prides itself on inclusivity and a warm, welcoming atmosphere. Local events, farmers' markets, and community initiatives foster connections among residents, making it easy to build friendships and feel like part of the neighborhood.

Quirky Cafes and Dining Hotspots

If you're a foodie, the Inner West is your culinary playground. This region boasts an eclectic mix of cafes, restaurants, and food markets, offering an array of international cuisines, organic options, and innovative eateries. From the iconic Marrickville Pork Roll to the bustling food scene in Newtown and Enmore, there's always something new and delicious to discover.

Arts and Culture Galore

The Inner West is a creative hub teeming with artistic expression. It's home to numerous galleries, theaters, and music venues, where you can explore local talent or catch a live performance. Newtown's King Street, in particular, is known for its bohemian spirit and vibrant street art scene.

Green Spaces and Parks

Despite being an urban area, the Inner West offers plenty of green spaces for outdoor enthusiasts. From picnicking in Camperdown Memorial Rest Park to jogging along the picturesque Bay Run, there are ample opportunities to connect with nature right on your doorstep.

Excellent Public Transport

Sydney's Inner West is well-connected to the rest of the city through an extensive public transport network. Whether you prefer trains, buses, or light rail, getting around is a breeze, making it a convenient choice for both work and leisure.

Historical Charm

Many suburbs in the Inner West have preserved their historical architecture, giving the area a charming and nostalgic vibe. Streets lined with Victorian and Federation-style homes, as well as converted warehouses, offer a glimpse into Sydney's rich history.

Markets and Vintage Shopping

If you love shopping for unique and vintage finds, you'll be in your element in the Inner West. Markets like Glebe Markets and Rozelle Collectors Market are treasure troves for antiques, clothing, art, and more. Embrace sustainability and uncover one-of-a-kind pieces while supporting local artisans.

Proximity to the CBD

While the Inner West retains its distinctive character, it's incredibly close to Sydney's central business district (CBD). Commuting to work or enjoying the city's nightlife is a breeze, making it an ideal location for those who want the best of city living without the hustle and bustle.

The Inner West offers a unique blend of community, culture, and convenience that's hard to find elsewhere. It’s a great place for families, young people, professionals, students, singles and older people. Whether you enjoy strolling through leafy parks, savoring diverse cuisines, or immersing yourself in the arts, this vibrant and eclectic region has something for everyone. So, if you're considering a move to Sydney or just looking for a change of scenery within the city, the Inner West may be the perfect place to call home—a dynamic fusion of urban charm and vibrant living.

Melissa Maimann is a licensed real estate agent (renter’s agent and buyer's agent) in Sydney. She saves renters valuable time and frustration offering an affordable service that finds and secures the best rental properties quickly, easily and effortlessly. If you need a Licensed Real Estate Agent to find your next rental home for you, don't hesitate to make contact.

Things to know when you're searching for a rental home in Sydney

Things to know when you're searching for a rental home in Sydney

The bustling city of Sydney is a vibrant and dynamic place to live, offering a unique blend of urban energy and natural beauty. As you embark on your journey to find the perfect rental home in this sprawling city, there are several important factors to consider. From location to budget, amenities to lease agreements, making informed choices will help you secure a comfortable and convenient rental home that suits your lifestyle. Here's a comprehensive guide to help you navigate the Sydney rental market with confidence:

1. Location, Location, Location: Sydney is divided into a variety of neighborhoods, each with its own distinct charm and character. Consider your daily commute, proximity to work, public transport, and accessibility to essential services. Areas like Bondi Beach, Newtown, and Surry Hills are popular for their unique vibes, while suburbs like Parramatta offer a more affordable cost of living.

2. Budget Planning: Establish a clear budget that includes not only the rent but also other expenses like utilities, internet, parking, and transport costs. Sydney's rental market is intensely competitive, and having a realistic budget will help you focus on properties within your financial reach.

3. Amenities and Services: Prioritise amenities that align with your lifestyle. Are you a fitness enthusiast? Look for properties with a gym or proximity to parks. Do you value convenience? Access to supermarkets, cafes, and healthcare facilities might be essential. Do you need to commute to work? Consider the routes, timing and costs of your commute.

4. Property Inspection: Never underestimate the importance of physically inspecting a property! Online photos can be deceiving, and seeing the property in person allows you to assess its condition, natural lighting, noise levels, and overall ambiance.

5. Rental Application Documentation: Be prepared to provide necessary documentation to potential landlords or property managers. This typically includes references, proof of income, identification, and rental history. Find My Rental Property will undertake a full assessment of your circumstances and let you know what will be needed to make your rental application stand out from other would-be renters.

6. Lease Terms and Agreements: Carefully review the lease agreement before signing. Understand the terms related to rent increases, maintenance responsibilities, and the duration of the lease. Find My Rental Property will fully review your lease for you so that you can sign with confidence.

7. Transport and Connectivity: Sydney's traffic can be challenging, so having good transport options is crucial. Check the availability of nearby bus stops, train stations and ferry terminals to make your daily commute smoother.

8. Safety and Security: Research the crime rates in your desired neighborhood. Websites and apps that provide crime statistics can help you gauge the safety of an area.

Finding the perfect rental home in Sydney requires careful consideration of various factors. By taking into account your budget, location preferences, amenities, and the terms of the lease agreement, you can navigate the competitive rental market with confidence. Patience, research, and thorough property inspections will ultimately lead you to a comfortable and suitable living space in this vibrant city. Happy hunting!

Melissa Maimann is a licensed real estate agent (renter’s agent and buyer's agent) in Sydney. She saves renters valuable time and frustration offering an affordable service that finds and secures the best rental properties quickly, easily and effortlessly. If you need a Licensed Real Estate Agent to find your next rental home for you, don't hesitate to make contact.

Navigating the Competitive Sydney Rental Market: Your Ultimate Guide to Finding Your Ideal Rental Home

Navigating the Competitive Sydney Rental Market: Your Ultimate Guide to Finding Your Ideal Rental Home

The quest for the perfect rental home can be both exciting and challenging, especially in a competitive rental market. As cities continue to grow and demand for housing increases, renters often find themselves facing limited availability, rising prices, and fierce competition.

The Challenge of a Competitive Rental Market

In many urban areas, the demand for rental properties significantly outpaces the supply, creating a challenging landscape for prospective renters. Limited vacancy rates, coupled with the allure of city and beach-side living, result in a competitive frenzy where desirable properties are snatched up swiftly, often leaving many renters frustrated and disheartened.

The Solution: Your Own Renter’s Agent

Your renter’s agent is the game-changer in the quest for new Sydney rental home. A licensed renter’s agent leverages advanced data and market knowledge with a deep understanding of the rental market to help you navigate the chaos and secure your ideal living space. Here's how it works:

1. Let us know what you need in your new home

2. Customised Search: Based on your requirements, a comprehensive search is conducted of available rental properties in your desired location. This eliminates the need to scour multiple websites and listings, saving you time and energy, not to mention no need for you to de-code agent speak. You're simply presented with fully researched options that align with your needs.

3. Inspections: If you’re unavailable, rest assured we can inspect homes on your behalf

4. Expert Insights: insights about the market, requirements of property managers in different parts of Sydney, and of what your application will require to best present your circumstances. This helps you to put your best foot forward and make informed decisions about your new home. This information is invaluable, particularly in an ever-changing market.

5. Application Assistance: Crafting a standout rental application is crucial in a competitive market. We offer guidance on creating compelling applications that increase your chances of securing your desired property.

6. Time-Saving: Perhaps the most significant advantage of using rental search services is the time saved. Instead of spending hours researching and contacting landlords, you can focus your energy on touring properties that align with your preferences.

In a competitive rental market, finding the perfect rental home can feel like an uphill battle. With Find My Rental Property, this process has been revolutionised. Our renter’s agent provides a comprehensive, streamlined, and efficient approach to locating your new rental home amidst the chaos of the Sydney rental market. By leveraging our knowledge, data and expert insights, we empower you to make well-informed decisions and secure your ideal home without the stress and uncertainty that often accompanies a rental search. Embrace the future of the rental market and take a step closer to finding your perfect home.

Melissa Maimann is a licensed real estate agent (renter’s agent and buyer's agent) in Sydney. She saves renters valuable time and frustration offering an affordable service that finds and secures the best rental properties quickly, easily and effortlessly. If you need a Licensed Real Estate Agent to find your next rental home for you, don't hesitate to make contact.

A tenant's dream: Rents are cut by up to $400 a week in some of Sydney's most sought-after suburbs as desperate landlords slash prices

A tenant's dream: Rents are cut by up to $400 a week in some of Sydney's most sought-after suburbs as desperate landlords slash prices

Excerpt from an article that I featured in: https://www.dailymail.co.uk/news/article-8417545/Rents-cut-400-week-Sydney-desperate-landlords-slash-prices.html and https://www.realestate.com.au/news/tenants-dream-rents-slashed-by-up-to-400-per-week-across-inner-sydney/

Rents for inner Sydney apartments have been slashed by up to $400 a week as desperate landlords grapple with a shrinking pool of tenants and rising vacancies.

Housing experts say the current rental market is a 'tenant's dream' following the coronavirus crisis as renters now have power to negotiate their own terms for agreements like price reductions or keeping pets.

Thousands of workers lost their jobs when the government imposed a lockdown in March leading to many people leaving the city or returning to their homes overseas.

This has resulted in oversupply of apartments, a happy situation for bargain hungry tenants.  

'You can get a better place on better terms like a shorter lease or be allowed pets where they weren’t previously allowed,' Find My Rental Property director Melissa Maimann told Realestate.com.au.

Ms Maimann said the rental climate is particularly beneficial for those looking for a home within the city's inner suburbs, usually populated with international students, travellers and hospitality workers.

Last month, almost one in seven rental units in the CBD and surrounding suburbs were empty, with rents an average of 18.4 per cent lower than March, SQM Research data revealed. 

Prices plummeted at a similar rate in Glebe, while unit rents in Kirribilli and Lavender Bay dropped an average of nearly 15 per cent over the past three months. 

Rental search services - does cheap equal good?

Rental search services - does cheap equal good?

It’s challenging when you’re trying to compare different services that seem on first glance to be similar. To make sense of it all, you need to know what’s behind the offerings. Regardless of whether your agent is a buyer’s agent, renter’s agent, sales agent or property manager, the same applies - cheap services are cheap and you get what you pay for. In addition, you probably remember the adage, “if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur”.

If a service seems cheap, ask yourself what you think a reasonable fee is for the business owner to charge per hour.  Then divide that by the overall fee.  How many hours of service does that provide?  Now ask yourself if it seems even remotely possible for an agent to do a good job in so few hours. 

One agent boasted that they have assisted 180 clients in less than two years as a solo operator.  This is approximately 9 clients per month allowing for a short holiday each year.  In a month, working 40 hours per week, there are 160 hours.  9 clients equates to 17 hours per client.  Is it possible to provide a good rental search service within 17 hours?  I work with 2 – 3 clients each month and it takes me about 60-80 hours to provide a good level of service to each client.  I don’t know how it is possible to provide a good service for less than that.  A full day of inspections (just one day) can be 10-12 hours alone just with travel time, inspections, discussing the homes with my client and writing inspection reports for those homes.  That doesn’t include extensive and forensic property research, assisting a client to decide where to live, application preparation and submission, liaising with agents, property negotiations and support after the application is approved and throughout the lease term.  Then if several weeks of service are needed to find the right home … you can see how the hours add up.

Cheap services provide less service (or else they work for something like $10 per hour).  So the thing to look at is the terms of the service offering.  How many inspections will they do for you?  Do they limit the number of hours of service that they’ll provide?  If your application is rejected, will they continue to work with you?  How detailed is their property brief?  How detailed is their property evaluation?  A limited brief can’t possibly ask enough questions to make the property evaluation thorough enough.  Perhaps you would be better off looking on domain yourself?

 Be cautious if:

  •  A service seems cheap. It probably is.

  • The business operates Australia-wide or in more than one State. The cost of running a legitimate real estate agency Australia-wide would require licenses, professional memberships, insurance, property data subscriptions, professional development and legal obligations to be held and maintained in every Australian State. That cost alone is prohibitive, let alone the cost of the time to actually provide the service. Do you ever find real estate sales or property management agencies operating Australia-wide? You don’t because the cost is prohibitive. It is simply not possible.

 Does your agent hold a real estate licence?

Any person who performs real estate agent functions must hold a current real estate agent’s licence that is current in the State in which they work.  If your agent doesn’t require a license - it would be because they don’t provide any real estate functions. What does this mean for you? It means that they can’t apply for homes on your behalf, they can’t act on your behalf, and they can’t represent you or negotiate the lease or rent for you. In other words, they can do the sorts of things that your friend or family member can do for you, and no more. If you need an agent who can do more for you than what your friend can do, then you need someone who holds a license.

What can a licensed real estate agent do? Real estate agent functions include lease negotiations, acting as an agent for a prospective purchaser, seller, landlord or tenant, introducing a prospective tenant to a licensed agent or to the landlord, representing a person through a property transaction and negotiating transactions (like buying, selling, exchanging or leasing property).

 You can check your agent’s license number on the Fair Trading website:

https://www.onegov.nsw.gov.au/publicregister/#/publicregister/search/Property

 A licensed real estate agent:

 Once a person holds a real estate license, they can:

  • Obtain the necessary insurance that is required in order to carry out real estate functions including a rental search service

  • Become a member of professional real estate bodies such as the Real Estate Institute: this ensures a connection with the industry, access to continuing professional development, mentoring, advice and a way of maintaining currency of practice

  • Subscribe to professional property data portals

When you consider what is actually involved in running a real estate agency that can represent tenants, it’s easy to understand that LREAs incur expenses such as continuing professional development, insurance, operating under legislative requirements that protect your interests, the purchase of property data subscriptions to research properties and accessing professional memberships to maintain up-to-date professional knowledge of the issues that affect you as a tenant / renter.  All of this, combined with years of experience are used for your benefit.  

When we consider the real cost of a cheap service, we know it’s no different to going to a registered dentist versus a backyard operator.  Both can remove your teeth for you but most people would choose a qualified and registered dentist. If you find that other providers seem “cheap”, you should first check if they are licensed.  If they’re not, then it’s no wonder they’re able to charge so little: their business has no overheads because they are doing no more than what your friend or family member can do for you, whether it’s buying, renting, selling or property management. If you’re seeking to be represented by a licensed real estate agent who has your best interests at heart, I’d love to help you.

Melissa Maimann is a licensed real estate agent (renter’s agent and buyer's agent) in Sydney. She saves renters valuable time and frustration offering an affordable service that finds and secures the best rental properties quickly, easily and effortlessly. If you need a Licensed Real Estate Agent to find your next rental home for you, don't hesitate to make contact.

Affordable Renting in Sydney

Affordable Renting in Sydney

Even though rents have come down in some parts of Sydney, COVID means that many tenants are still finding it tough to rent affordably in Sydney. Here are some tips to help.

Share with friends

Sharing with friends makes not only the rent affordable, but also shares the bills and cleaning costs. If the home is large enough, you have someone you like and trust and have permission from your landlord, it might make sense to share with someone.

Live further away from the City and beaches

Areas further from the city and beaches have always been more affordable. During COVID, it’s actually the areas that are closer to the city and beaches that have fallen the most in rent, but areas further out remain the best value for money. When considering this option, also factor in the potential additional cost of travel and tolls if living further out means that you’ll be making more / longer trips to see family / friends / get to work.

Reconsider your expenses and create a budget

Review all of your expenses itemising what you spend each month and also factor in your annual costs such as insurances, registrations, subscriptions etc.  Create a spreadsheet to help you keep track of your spending.  Next, look to see the things you can either cut back on or eliminate entirely.  Also consider enjoyment of life – it’s important not to cut out the things you most enjoy: a better option is to either limit the cost or do those things less often.

Delay non-essential spending

This relates to holidays, a new car, new clothes, renovations etc. 

Do more things yourself

This applies to things like cleaning, gardening, cooking vs take-away / eating out etc.

Move to a smaller home

A smaller home is cheaper than a larger home.

Move to a home that doesn’t have parking

Parking adds roughly an additional $50 - $150pw onto the rent, depending how many parking spaces you have and where the property is located.  If you can find a home that has accessible parking on the street, you might want to consider renting a home without parking to save on the rent.

Lock in a 24-month lease

This prevents a rent increase in 12 months’ time. 

Melissa Maimann is a licensed real estate agent, buyer's agent and rental search / relocation agent in Sydney. She saves renters valuable time and frustration offering an affordable service that finds and secures the best rental properties quickly, easily and effortlessly. Her application success rate is 100%. If you need a Licensed Real Estate Agent to find your next rental home for you, don't hesitate to make contact.

Extension to the moratorium on evictions

Extension to the moratorium on evictions

The NSW Government has granted a 6-month extension to the measures put in place to help residential tenants who are financially who are disadvantaged by COVID-19. The measures that have been extended include:

  • Preventing landlords from evicting COVID-19 impacted tenants for rental arrears unless they have attempted to negotiate a rent reduction in good faith

  • Allowing tenants who are impacted by COVID-19 to apply to the NSW Civil and Administrative Tribunal to end fixed-term agreements in certain circumstances

  • Preventing landlords and property managers from listing COVID-19 impacted tenants on a tenancy database if they go into rental arrears

  • Extending the 90-day minimum period of notice that landlords must give tenants for certain other evictions that are not related to rental arrears

Whilst many might view this as a positive step in the current climate, we need to ask if it is, really.

Ultimately, landlords can terminate a lease for their own hardship, and tenants will need to pay full rent at some stage. Once the extended moratorium ends, it will have been 12 months of:

  • rent deferrals or

  • rent reductions

In the case of rent deferrals, those amounts will need to be re-paid. This potentially leaves tenants with very large debts of rent owed to landlords. Tenants can potentially access 12 months of rent deferrals, for example paying $800pw rent instead of their usual $1,000pw rent - but those $200pw deferrals add up. Across a 52-week period, that is $10,400 that will need to be re-paid at a time when the usual rent will revert back to $1,000pw. For a COVID-19 impacted tenant, that is a significant amount to owe and need to re-pay. For a COVID-19 impacted landlord, it is a lot to be owed and potentially places the landlord into financial distress. The landlord’s financial distress can signal the valid termination of the lease.

In the case of a straight rent reduction, that is a period of time that the landlord foregoes rent, or a portion of the rent, and in time, full rent needs to be paid.

Whilst it is a positive measure that COVID-19 impacted tenants are protected from eviction for 12 months, I wonder if it delays a potentially inevitable decision to move to a more affordable area, or whether it artificially props up the rental market by minimising the movement (high vacancy rates, lower rents) that would otherwise occur. We’ll have to wait and see.

Melissa Maimann is a licensed real estate agent, buyer's agent and rental search / relocation agent in Sydney. She saves renters valuable time and frustration offering an affordable service that finds and secures the best rental properties quickly, easily and effortlessly. Her application success rate is 100%. If you need a Licensed Real Estate Agent to find your next rental home for you, don't hesitate to make contact.

Rent Reductions for COVID-19 Hardship

Rent Reductions for COVID-19 Hardship

Tenants have struggled to secure rent reductions due to hardship from COVID-19.

Whilst an eviction moratorium prevents tenants from being evicted during the first six months of COVID-19, landlords and property managers have perhaps not played fair with tenants through this time.

A range of options has been presented to tenants facing hardship due to COVID-19:

  1. A rent reduction – for a period of time or for the duration of the lease

  2. A rent deferral (where full rent is not paid now but is owed later) - for a period of time or for the duration of the lease

  3. Bringing the residential tenancy agreement to an end with or without penalty

  4. No negotiation at all!

The rental eviction ban (moratorium) is due to end at the end of September in NSW.  Even tenants who were able to negotiate a rent reduction or deferral may now find themselves in the unenviable position of needing to re-pay rent that was previously deferred on top of rent payments reverting to normal.  For example, a tenant paying $800 per week in rent with a $200 per week deferral was able to pay $600 per week during COVID-19, however from the end of September will need to pay back $1,000 per week (their rent + the deferred rent) or else face eviction with moneys owed taken from their bond.  This is despite that the tenant’s financial circumstances may be unchanged or even worse than what they were six months ago when the rental eviction moratorium started.

From the landlords’ position, the home loan relief that was provided by the banks is also coming to an end, meaning that the full mortgage payments will need to be re-commenced.  Landlords are in a bind: do they keep their tenant at lower rent and with the same out-goings, or do they terminate their tenant’s lease notwithstanding soaring vacancies and falling rents in some areas of Sydney? The only saving grace is that interest rates are low at the moment.

Research into tenants’ experiences of negotiating rent reductions has described tenants’ stress, frustration, despair and uncertainty, particularly in the early weeks of COVID-19 when there was so much uncertainty around jobs, health and broader uncertainty over people's finances.

Negotiated reductions were hard won and generally for just three months or less.  Many tenants were forced to settle for a rent deferral rather than a reduction, leading to concern for tenants’ future ability to pay both the full rent as well as the deferred rent.  However, tenants have felt caught because the process of securing a new rental during COVID-19 has been incredibly challenging in terms of limits on inspections and of course how to rent a home when one is on JobKeeper / JobSeeker as their sole source of income?  It doesn’t stretch far in most areas of Sydney, particularly the Inner West, North Shore and Eastern Suburbs.

Having secured a rent deferral – or better still, a rent reduction for a period of time - a tenant’s next concern is whether their lease will be renewed.  Suffice it to say, tenants have felt incredibly insecure during this time.

Unfortunately, legislation drafted by every State intended to minimise tenants’ movement during COVID-19 has not been drafted to ensure success for both landlords and tenants.  Perhaps better legislation would have compensated landlords who reduce their tenant’s rent commensurate with the tenant’s fall in income.  Land tax rebates are available, but only to about 15% landlords who actually pay land tax.  The rest are being forced to forego rental income to support tenants, or else to terminate the lease and find a new tenant – likely with a long period of rental vacancy and a lower eventual rent. 

The end of September will be a tense time in NSW and I expect there will be many more leases ending and a flood of homes coming onto the property market.  with this increased supply and no increase in demand, I foresee rents coming down sharply.

Melissa Maimann is a licensed real estate agent, buyer's agent and rental search / relocation agent in Sydney. She saves renters valuable time and frustration offering an affordable service that finds and secures the best rental properties quickly, easily and effortlessly. If you need a Licensed Real Estate Agent to find your next rental home for you, don't hesitate to make contact.