min read
· Posted on
March 12, 2024

How to make your rental application stand out in Australia’s frenzied rental market

The rental market ain't slowing down anytime soon sooo here's some hot tips on how to jazz up your rental application.

What's the key learning?

  • Be presentable and neat for inspections.
  • Double check the application form.
  • Go the extra mile with a cover letter.
  • References can go a long way.

We’ve all heard it, we’re all still hearing it, we’re a little tired of hearing it, buttttt Australia is in a bit of a tough rental sitch.

Demand is high, supply is low and weekend after weekend, property inspections are packed with super hopeful renters competing to get their name on a new lease. 

How inspections be feeling these days

First, let’s do a speedy TLDR on the current rental crisis:

  • The vacancy rate (aka the percentage of houses on the market available for rent) in Australia is sitting at 1.09% as of January 2024. 
  • Demand has been pushed up by increasing migration and smaller household sizes.
  • And on the supply side, construction of new dwellings has been slowed by increased material costs and higher interest rates.

So, it’s pretty likely the rental market is going to be staying tight for a hot minute. This means that when it comes to your rental application, it’s important to go a bit above and beyond to stand out from the competition.

  1. Be presentable at the open for inspection

First impressions can go a long way. The first time a property manager will meet a prospective tenant will usually be the open house. 

You want them to feel like you’re the most with-it and competent tenant in the crowd.

So dress smartly, be on time, introduce yourself politely to the property manager, and show you’re genuine about the property.

If you’re interacting with the property manager for the first time online, make sure to spell check your email or SMS before you press send. 

You’ve gotta remember that there are probably many applicants submitting an application for the property - so this is a way to make it easier for them to remember you.

The agent to you at the open for inspection
  1. The application form

First up, double check you’ve completed the entire form (you don’t want to be forgetting the backside of the biology test like you did in school).

Provide as much information as possible in one go to your rental agent so they don’t need to do any follow ups with you. 

Secondly, attach all your necessary documents which amongst others will likely include; photo ID, payslips, bank statements, and rental history.

  1. Cover Letter

Thirdly, take an extra step and write a cover letter about who you are, what you do, why that property is right for you, and what makes you the best tenant. 

This might just help a property manager trust your application more than others.

  1. References

Last but not least, make sure to have some references included in your application who can vouch for you. 

This could be a previous landlord or property manager, but if you’re renting for the first time, it could also be an employer, former neighbour or even a TAFE/Uni tutor.

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