Looking for a new place to call home, especially in the current rental market, can be a difficult time. Although renting provides flexibility, this can come at the price of stability leading to extra pressure to find the right place. Given the record low vacancy and listing rates we’re currently seeing in the Perth property market, it’s not surprising there’s a lot of uncertainty out there. The rental shortage continues to be a big issue for the market, and securing a competitive lease is proving to be quite a challenge.

Understanding the process of finding and applying for a rental is crucial for success. If you’re in the market for a rental property, we’ve put together a guide to finding and securing the perfect rental for your needs.

Ready to start your hunt? You can check out our currently available properties for rent here.

How to find rental properties in the Perth market

When you’re looking for the perfect place to live, whether for the short term or the foreseeable future as your family home, it can be hard to know where to start. The most common way to find a rental property is to search online. There are lots of different websites you can use, and almost all of them allow you to use search filters such as location, price points, the number of different rooms or even property types so you can see rentals that meet your criteria. Make sure you read each listing carefully and look at the photos, or even better the video tour. Once you’ve found some properties you like, you will be able to either apply online or directly enquire about inspecting an advertised property.

In some cases, you may be able to contact a property management company to let them know your specific requirements and see if they can help. This also allows you to introduce yourself and make a personal connection that may be beneficial down the road.

What to look for in a rental

When starting your search for a new rental, make sure you have a good idea of your needs. Understand the difference between what is non-negotiable and what you’re prepared to compromise on. Generally speaking, houses are larger with more privacy than apartments and often contain an outdoor living space. On the other hand, they can be more expensive. Some apartment buildings include gym facilities, pools or even building managers who take care of maintenance, but you may have to compromise on sharing a wall with a noisy neighbour.

Knowing the rental property’s worth

Rather than just looking at one property you have your heart set on, do a broader search online to find out what else is out there. You will also be able to find out what similar properties in the same area are renting for so you can compare prices. Remember that rental prices can vary based on several factors such as the number of bedrooms, distance to public transport, parking and recent renovations.

Despite the estimated 10% growth in rental prices, renting is still more affordable than in 2014, and WA tenants continue to enjoy the best prices in the country.

Attending the inspection

It is expected and advised that you inspect the property before you sign a lease, not only so the property manager can meet you but also to allow you to check out the rental. There is usually a predetermined time, however, you can reach out to the real estate agent or property manager to see if you can schedule a different one.

At Access Property Management, we understand that not everyone can attend an in-person inspection at this current time. We provide video walkthroughs so prospective tenants can thoroughly look at the property before applying. Check out our properties for rent to have a look at one.

• During the inspection, make sure you look out for, or ask your property manager the following questions.
• Is parking available, and how many bays are there?
• Is there heating or air conditioning?
• Are the kitchen and bathroom areas big enough with the storage you require?
• Is the property well maintained and clean? Is it likely you will need to request repairs?
• Does the property come furnished, or will you need to supply your furniture?

Making a good impression

Use the inspection to make a good impression on the property manager to set yourself apart from the competition. Arrive early and treat the process like a professional job interview. Introduce yourself and make your genuine interest in the property known. You can even bring an application form with the necessary details if you’re really eager.

Applying for a new rental property

A common reason many applications get rejected is simply that they don’t fill out the details correctly. In a competitive market, property managers often don’t have the time to follow up applicants, so ensure it’s completed in its entirety. As you start looking for rental properties, get all of the information together so you can save time and submit it quickly. Providing up to date and quality references is also vital.
Property managers and landlords alike prioritise tenants who they know have the ability to pay the rent. As a general rule, your rent should be no more than 30% of your income, and you will need to demonstrate your financial capacity to afford it. The competitive market can cause applicants to offer above the asking price to gain an edge. A good leasing agent will look at all aspects of a rental application to find the right tenant, but the decision is ultimately the owners who may find this higher price compelling. Even if you’ve fallen in love with a property, don’t overcommit to something you can’t afford.

In the unfortunate circumstance that you’re unsuccessful, don’t be afraid to contact the property manager and ask for feedback on how you can improve next time. You can also ask if they have any other properties that may be suitable for your needs.

Once you’ve been accepted for your new rental property, make sure you read through your lease and complete your property condition report correctly. We have some helpful information on what to do with your property condition report and your tenant rights so you can get started on your new tenancy with confidence.

Find the perfect rental with Access Property Management

Looking for a rental property to make your new home? We’ll help you find and secure one that’s right for your needs. Start your search using our available rental listings page or contact us directly to let us know what you’re looking for.