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 renters competing to get their name on a new lease. 

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 at its lowest point on record, sitting at 0.8% as of January 2023. 
• Demand has been pushed up by post COVID migration and the rise in single person households. 
• On the supply side, increased material costs have slowed construction and higher interest rates have meant that lending conditions have become stricter.

The rental market is going to be staying tight for a hot minute and it’s going to be more important to use strategies to stand out from the competition when it comes to your rental application. 

Here’s Flux’s top 5 tips to make your rental application stand out.

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 be memorable and stand out in a sea of similarity.

2. The application form

First up, double check you’ve completed the entire form (remember those tests in year 8, where you’d forget there’s a backside to the biology test).

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.

3. 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.

4. References

And 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.

https://parryproperty.com.au/news/how-can-i-make-my-rental-application-stand-out

https://www.domain.com.au/advice/how-to-stand-out-from-the-crowd-when-applying-for-rental-properties-20160119-gm5mxq/