12 September 2016

Tenant profiles are changing

Source:

Statistics recently released show that the profile of a typical tenant is a female aged between 35-49 who earns above $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 are less than 25 years old.

It is also interesting to note that over 12% of tenants are also property investors themselves.

When preparing your property for lease, take into account not only market conditions but also the likely profile of your tenant and style your property accordingly to achieve a maximum return.

Call Nikita McDonald at Living Melbourne Property on 0423 875 106 for more information.

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