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Who is the typical tenant?

17 Jul 2013 Christies Beach 1 Comment

A recent study by Realestate.com has looked into statistics and figures on who the typical Australian tenant is – and has come out with some interesting results.

The tenant is most likely to be female, aged between 35 and 49, earning an income in excess of $50,000 and is looking for properties more than $300 per week.

If you’re wondering where all the men are, the site says that if they’re from a high-income family, then it’s likely that they are still living in the family home with their parents, as less than 30 per cent of those looking to rent were male.

Leaving home later in life is a trend that both realestate.com and the census data can confirm, with only 17 per cent of all those looking to rent being aged under 25.

Even though it’s a ‘tenants’ market’ in most Australian regions, survey respondents from high-income households were more likely to stay at home due to the ease of lifestyle.

Although, it seems as though the typical tenant is also highly reliable, as national sales manager for Realestate.com, Arthur Charlaftis, explained.

“Eighty per cent of surveyed tenants said they looked after their rental property the same way they would their own home, and 92 per cent said they always pay their rent on time,” he said.

Meanwhile, head of property investment and management at LJ Hooker Amy Sanderson debunked a myth for would-be tenants.

“In order to secure a property you need to stand out from the crowd. Despite popular belief, the highest earner won’t always get the lease.

“Landlords are after reliable tenants who they believe will look after their property, so present yourself well, and make sure your application is filled out perfectly.”

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