Looking for a new rental home? Our guide to the current market will help you put your best foot forward.
If you’re looking for a new rental home in Midland, we’ve got some good news. Rental demand in this area is currently less than half of the average for Western Australia, which is great news for house hunters when budgets are tight and every dollar counts.
Each new online property listing in the Midland area has less than half the number of visits for the average for Western Australia, which is great news as it means a little less competition when it comes to those hectic Open For Inspection visits and when lodging your rental application.
You still need to do your homework!
This doesn’t mean you’ll necessarily find it easy to find your new rental home. But it is good news, as it means there’s less competition than in some other areas.
Tip: If you notice a property has been advertised or vacant for a while, don’t be afraid to try and negotiate on the rent.
How much rent can you expect to pay?
Here’s a snapshot of current median rental prices in Midland, as at May 2016.
|Average rent per week
|1 bedroom average per week||2 bedroom average per week||3 bedroom average per week||4 bedroom average per week|
Demand is higher in some other suburbs around Midland though, so if you’re looking for a new home it can pay to choose your suburb carefully as you can make some big savings on rent.
In areas where demand is higher, rents will be higher.
|3 bedroom average per week||4 bedroom average per week|
|House in Midland||$350||$425|
|House in Viveash||$385||$480|
|House in Guilford||$480||–|
So do your research, as the weekly savings you could make in rent by choosing a cheaper suburb could add a lot of extra cash to your weekly budget.
Get your application organised so you’re ready to go
Don’t wait until you find the perfect home before getting everything ready for your rental application – you could lose precious time and find someone has nabbed it before you!
City Finance can help you with fast cash for your rental bond and moving expenses
Need help getting the cash together for your rental bond and moving expenses? Just pop in and visit our friendly staff at our Midland branch for a chat and some helpful advice.