The rental market in Tasmania has quite a quick turnaround, with properties being advertised a week or so prior to becoming available. Properties you see before your arrival are likely to have been rented by the time you arrive and so treat most research as only that –research that will give you a good idea of what you can find in your preferred area and budget.
Look at ourproperties.com.au for more information on what's available, or Mandarin speakers may prefer to use www.gifang.com. You may also like to check out www.realestate.com.au and www.domain.com.au. Most rentals in Australia are unfurnished, however there are a very few furnished properties available which are more likely to be apartments than larger homes.
Cost of Renting in Tasmania?
- Rents are quoted per week . Most rents are paid on a monthly basis and so $500 a week does not equate to $2000 a month as each month has a different number of days. Be sure to calcualte what you must pay when.
$500 a week x 52 weeks a year = $26,000
$26,000 : 12 months in a year = $2,166 per month.
- Rental prices are rarely negotiable but it is worth asking the agent first before submitting an application at a lower rental price. Your chances of a reduced rent are improved if the property has been advertised for some time, or if you are able to move in immediately or you can consider offering a number of months' rent upfront. If you want to make sure you secure a place you really like then your best bet is to offer the asking price
- Rental Costs:
Prior to getting the keys you will be required to pay a 4 weeks bond – This is held by the RDA (Rental Deposit Authority) and is returned to you when you move out, subject to no breakages or damages.
You will also need to pay 1 month's rent in advance
Looking at Rental Properties in Tasmania
Rental properties can be viewed either by appointment if they are expensive or alternatively at the weekly open for inspection times. These are often held mid week (Wednesday orThursday lunch time or late afternoon or early evening) and on Saturdays which is the main day for viewing. Open for inspections are often very short (10-10.15am) and many run at the same time, meaning you have to plan your Saturday itinerary caefully. Often properties are advertised using the photographs used at the time of sale so can be outdated and misrepresentative. A drive past the property prior to the open for inspection can help you to rule out some properties and assist you in making a short list. The best properties are rented almost immediately, often before they make the mainstream real estate listing sites. It is sensible to follow some of the real estate agency websites located in your preferred areas as this is where they will be listed first.
Advice on Renting Property in Tasmania
How to secure a rental property and beat the competition – Tips from a Relocation Consultant!
- Be prepared. Download an application from the agency website or collect a copy from their office prior to the inspection. Fill this out fully (make sure all sections completed) and attach to it relevant ID (100 points – see below for full outline) with any additional supporting material (letter of offer from employer or rental references from your country of residence or bank statements showing regular rental/mortgage payments.) .
- Submit the completed application in at time of the inspection and ask for one of the agent’s business cards if possible. Later that day, email the agent expressing your interest in the property (mention the full address) and remind them that you submitted an application at the inspection. Ask them to contact you if they need anything further to assist with the decision and tell them to have a nice day. You can usually expect an in a couple of days.
- You can follow up with a polite phone call asking when you might be able to expect an answer and asking if they need anything further.
Tip! Make sure to complete and return the condition report. This will increase your chance of having your bond refunded completely at the end of your tenancy.
Applying for rental properties – what are they looking for?
- Get your completed application in on time (by first thing next day or at the time of the inspection) with all ID and additional information requested. Neat writing is a bonus.
- References –both work and personal references are needed. Offer a choice of contact numbers if relevant as they need to check these before applications are passed to owner for approval. Make sure at least some of the contact numbers are local.
- The key factor will be checking your salary and that you can afford the rental payments. A positive rental reference is a bonus. Most expatriates with no rental history will improve their chances if they bring a written reference gained at the time of their move from their current rental agent or mortgage broker. If you have any investment properties or sources of additional income over and above your salary bring proof of these as this will further your cause.
- First come does not mean you will get the property. The agent will pass on all applications to the landlord. The final choice is the owner's although the rental agents usually give their recommendations (so be polite to them). Australian residents or citizens are often chosen by owners as they feel they may be more reliable and commit to the lease term over expatriates who may relocate again. A relocation consultant can also get you to the head of the queue.
Although it annoys the real estate agents, many people apply for 2 or 3 properties at one time in order to have more chances of having one approved. Once you are approved you need to put down 1 weeks rent to secure the property – this means it will be taken off the market and no further inspections held. A few days before to the lease start date you will be required to pay the upfront funds due and sign the lease.
Need HELP? A relocation agent can assist you in deciding on the best areas to live and set up house/apartment viewings on your behalf. They can also assist with the application process. To find out more go to www.eliteexecutiveservices.com.au