Australia Residential rental market remains increasingly competitive with the in昀氀ux of new talent arrivals Property Trends Good to Know Popular Locations Sirva Tips High volumes of applications for rental properties Upfront payment of 4 to 6 weeks’ rent is Inner suburbs Have the Letter of Employment ready and be prepared to share 昀椀nancial information as this have resulted in low vacancy rates. required to secure the property. Several applicants are often vying for a single rental A strong pro昀椀le underscores the assignee’s helps boost rental applications. Build a strong pro昀椀le and application prior to arrival property. reliability and 昀椀nancial capabilities, which then so it minimizes the time needed. Perth and Sydney have seen the most signi昀椀cant translates to a high chance of approval. Don’t expect to offer a lower weekly rental as agents increases in rentals and reductions in availability. Apartments in Australia are generally rented out have people offering higher than asking price in Properties tend to be rented out within 2 days, in an unfurnished condition, but with some many cases. Agents will decline an application if carpeting. but the approval to move in can take up to 2 weeks. To secure a property, most cities and states in someone is offering less than asking price. Most common rental period is 12 months. It is highly advised that the assignee loop in the Australia require initial payments to be made local consultant once they have identi昀椀ed a suitable within 24 to 48 hours of approval before a lease property so they can follow up with the agent to draft is sent through. assist in presenting the best possible offer.