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Renters Shrink Expectations

Renters Shrink Expectations

Would-be renters are most likely to search for houses with four bedrooms and two bathrooms, according to analysis of listings throughout Australia.

But what they end up renting is basically just what they can get, with a survey by realestate.com.au showing that almost three-quarters (72%) of renters feel they have to compromise on price, location and features to find a rental property.

More than half of renters (52%) say they are experiencing financial difficulty due to high rent payments, while 39% will have to move into a smaller rental property or share house due to financial difficulties.

The analysis shows the top 10 suburbs for renters searching for smaller properties is in Richmond in Victoria, followed by Newtown in New South Wales.

When it comes to searches for smaller units, Melbourne CBD tops the list followed by Richmond and then Sydney CBD. Brisbane CBD also makes the top ten unit list, as does Surfers Paradise.

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