According to recent data, Australian renters are showing a strong preference for pet-friendly properties. Despite pets being allowed in only one in every seven rental properties, “pet friendly” tops the list of the most searched keywords by renters on realestate.com.au. This is particularly true for houses. The demand for pet-friendly rentals is not surprising, considering that an estimated 69% of Australian households now own a pet.
While there is clearly a demand for pet-friendly properties, only one in five rental properties on the market are advertised as such. This presents an opportunity for landlords to supply more pet-friendly rentals and cater to this growing market. However, many landlords are hesitant to allow pets due to concerns about wear and tear and potential expenses. Property manager and real estate consultant, Brigitte Stills, argues that allowing pets can actually be beneficial for landlords. In her experience, tenants with pets tend to be responsible, pay their rent on time, and take good care of the property.
While it has become easier for tenants to request permission to have a pet during a tenancy, finding a rental property that allows pets is still challenging due to tough competition in the rental market. The difficulty in finding a suitable home has led to an increasing number of animals being given up.
To address landlords’ concerns, pet owners can minimize potential issues by ensuring their home is suitable for their pets. Providing a safe and healthy environment can reduce the risk of damage, noise, and nuisance effects. Additionally, the rise of pet resumes, which include references from vets and previous owners, has helped pet owners make their case to landlords.
In addition to pet-friendly properties, renters also search for other features and amenities, such as furnished units. Furnished rentals are sought-after in inner-city areas, where renters are looking for temporary housing options without the hassle of acquiring furniture. These units come with a premium price, as tenants are willing to pay for the convenience they offer.
Rising rents have also led renters to search for more affordable or flexible options, such as dual living or granny flats. The availability and quality of granny flats vary, so renters should be aware of potential issues around privacy, utilities, and shared spaces.
Overall, renters in Australia are seeking properties that cater to their specific needs and preferences. Landlords have an opportunity to tap into the demand for pet-friendly rentals, furnished units, and more affordable accommodations. By being open-minded and considering these preferences, landlords can attract responsible and long-term tenants, contributing to a mutually beneficial rental market.
– PropTrack senior economist Angus Moore
– Survey by Animal Medicines Australia
– Brigitte Stills, property manager and real estate consultant
– Tenants Union Chief Executive Leo Patterson Ross