If you’re considering purchasing an rental property, one area of research to consider is to discover more about the tenants you may end up renting the property to.
Recently, realestate.com.au conducted a national survey of renters and sharers which may help to provide insight into Australia’s renting attitudes and behaviours.
The survey found the states with the most expensive rental markets remained New South Wales and Western Australia.
Nationally 58 per cent of respondents expected rental prices to rise in the first half of 2013. Of the states, Western Australian respondents had the highest percentage of expectation of rental price rises, with 76 per cent of respondents expecting rental prices to rise.
25 percent of those who were attending rental inspections nationally reported more than 10 other people typically were attending the inspections. Of the states, Western Australian respondents again had the highest percentage, with 60 per cent reporting more than 10 people were typically attending rental inspections.
Of those surveyed, 56 per cent were looking for a short term lease. In Western Australia, those looking for a short term lease accounted for 71 per cent of those surveyed from this state.For a full break down and more statistics state by state, view the full article regarding the survey by selecting the following link:
http://discover.realestate.com.au/renting-sharing/news/our-national-renting-habits