Tenant profiles are changing.
Statistics recently released show that the current profile of a typical tenant is a female aged between 35 and 49 who earns more than $50,000 per annum. The statistics also show that less than 30% of tenants looking to rent a property today are men.
The study undertaken by website portal realestate.com.au revealed that less than 17% of prospective tenants today are under the age of 25. It is also interesting to note that over 12% of tenants are also property investors themselves.
When preparing your property for lease, we recommend that you not only take current market conditions into account, but also the likely profile of your incoming tenant. This information will allow you to style your property accordingly in order to achieve maximum rental return.