Want to pack or move your belongings like professionals? Read our blog posts that will help you manage relocation process with ease.
Whether you are looking at independent homes or high-rise apartments in capital cities, rents across Australia have been increasing at a rapid pace. According to a recent study, Sydney has emerged as the most expensive capital city to rent an apartment.
The median rent for a residential property in Sydney is $750/ per week. This may vary depending on the size of the apartment, location and local amenities, such as education, healthcare facilities, etc.
However, renting an apartment is more affordable than buying a home from scratch, especially in metropolitan cities. The average house price in the capital of NSW is more than $1.2 million, while the unit price is $750,000. This has encouraged people to go for leased premises with their families.
Unfortunately, the high demand has made landlords and property managers outrageously raise the rent. So, it is good to do proper research on Sydney’s Residential rental market and keep the following things to remember. Make decisions wisely and move safely with your family.
Renting allows you to opt for a property as per your specific needs. When searching for a new rental property, decide whether you want to downsize or upsize. This becomes even more crucial if moving from a small town to a big city.
Creating a must-have list can help you choose the most suitable option. Make sure you consider:
These are essential considerations that will help you make a well-informed decision.
This is one of the crucial steps before hunting for your first rental Apartment in Sydney. It is important to decide how much rent you can afford.
According to the experts, try to focus on spending no more than 30 per cent of your gross income on rent to maintain financial stability. Creating an estimated budget can help you determine potential expenses involved in home relocation and other aspects, including utility services, bond cleaning fees, groceries and cost of living in the capital city. This will help you find an ideal location within an estimated budget.
Tip: Do proper research and book budget removalists Sydney for your precious household belongings.
Now that you have an estimated budget, be sure you start searching for the most suitable location in the capital city. Choose a family-friendly suburb that matches your lifestyle and budget. For that, consider the following factors:
It is good to hire a professional real estate manager who can navigate the rental market and help you find the best location as per your budget and specific requirements.
They can help you find the most expensive suburbs in Sydney if you want to enjoy a lavish lifestyle.
Tip: Shortlist at least 4-5 properties in different locations and compare carefully to make the right decision.
Securing a rental property becomes easy after arranging the necessary documents for the rental application form. This often includes employment verification, a credit score check, IDs and other aspects to help get the desired Apartment. Make sure you have the following documents to apply for a rental property:
These will strengthen your application and make the process easier.
Make sure you inspect every nook and cranny before signing the rental agreement. Plan a visit during daylight hours and check for water leaks, safety functionalities, property damage, pests, mould, fire hazards and malfunctioning appliances. Here are some more aspects to consider:
It is good to take photos and videos to inform your property manager or landlord if you find any structural damage. If something needs to be fixed or cleaned before moving in, they will do it after the inspection.
After that, you can plan things further and also book professional removalists Sydney for safe and sound transportation of your furniture and other belongings.
Landlords and property managers exploit those who are not aware of their tenant’s rights and responsibilities. If you want to become a responsible renter, read your lease agreement carefully before signing it.
It is a legal binding between you and the landlord that outlines the terms and conditions of the agreement and other key details, such as:
This will help you avoid rental disputes at the end of your tenancy.
It is good to have clear communication with your new landlord. This will help you build strong relationships from the beginning.
Ask questions regarding the rent and security deposit if you have any doubts to avoid disagreements later.
Once you have finalized the rental property, make sure you begin packing and get rid of items you no longer need. This will help you move to a new place with the help of professional removalists Sydney. This will reduce your stress and help you settle in a new community with ease.
Renting an apartment in a capital city is a milestone. Make sure you prepare everything in advance and do proper market research to find an ideal property. This guide will help you make a well-informed decision within your estimated budget.