The rental market in Australia is extremely competitive, with national “vacancy rates” at approximately 1.1%, according to SQM. Adelaide and Perth face even tighter conditions, with vacancy rates as low as 0.6%[i].

The vacancy rate measures the proportion of rental properties currently unoccupied and available. Expressed as a percentage, it is calculated by dividing the number of vacant rental properties by the total number of rental properties.

The upshot of low vacancy rates is that there are often more enthusiastic potential tenants vying for the same property. So, how do you stand out and secure a suitable rental property? It all hinges on your presentation and a winning rental application. Here are ten tips to help you make your rental application shine:

1. Gather supporting documentation in advance

To get ahead of the competition, having supporting documents required by property managers ready for open homes is a good start. These documents may include:

Photo identification (driver’s license, passport, proof of age card)
Medicare card
Centrelink statement
Ensure these documents are in digital format, legally witnessed, and stamped where required.

2. Prepare strong references

References from employers, university lecturers, schoolteachers, family doctors, solicitors, and especially past property managers or landlords are essential. They provide a comprehensive view of your reliability and character. To boost your application, gather these documents early, even before you start looking at rental properties.

3. Treat meetings with property managers like job interviews

Dress smartly for meetings with property managers. Opt for smart casual attire, including polished shoes, rather than casual wear, like shorts and thongs. Presenting yourself professionally at open for inspections can make a positive impression.

4. Consider bringing a parent along

For younger applicants, bringing a parent to inspections can be beneficial. It may seem cheesy, but it often works. Having parents countersign the lease agreement can also make them jointly responsible, adding credibility to your application.

5. Answer application questions clearly and accurately

Once you’ve selected a rental property, it’s time to apply. Typically, the property manager will ask you to complete an application form. This form is your chance to show the landlord and agent that you’re the ideal tenant who can reliably pay rent and take care of the property according to the tenancy agreement.

Honesty is crucial when filling out a rental application, whether online or in hard copy. Provide accurate information about your circumstances, including details about pets and potential housemates. Inaccurate or misleading information can lead to your application being rejected.

6. Highlight your rental history

Include detailed information about your current and previous rentals in your application, such as addresses, lease dates, rent amounts, and property manager details. Attach rental references from past property managers to save time for the new property manager. The property manager will look for evidence of timely rent payments, good property care, and ease of communication regarding repairs or inspections.

If you have no rental history, it is advisable to find a guarantor who can support your application and vouch for your reliability in paying rent on time – often this will be the same person who you take to open for inspections. Therefore, it is common to ask a parent or family member to be your guarantor. A guarantor letter is necessary when your guarantor agrees to take on the financial responsibility in case you encounter unforeseen financial challenges.

7. Showcase stable employment and income

Most property managers will ask for recent payslips and bank statements to prove your employment and ease any concerns about your ability to pay the rent. Be prepared for the property manager to contact your employer to verify your current employment status.

8. Organise your housemates

If you plan to share the property with others, ensure everyone is organised by completing their applications and providing references. Having a complete set of documentation for all household members improves your chances of standing out from the competition, as property managers are unlikely to waste time chasing down missing information when they have other complete and well-prepared applications to review.

9. Be patient but be responsive

After submitting your application, allow some time for the property manager to process it. Property managers often review multiple applications simultaneously, so patience is critical. Ensure you are available to answer any further questions or provide additional documentation if necessary. Prompt responses are crucial, as property managers will quickly move on to the next applicant if you delay.

10. Act quickly if offered a property

If you’re offered a property, take it immediately. Delays can result in the property being given to another applicant. Acting quickly demonstrates your eagerness and commitment.

By following these tips, you’ll create a standout rental application, boosting your chances of securing the property you want. Remember, a mix of persistence, punctuality, and good presentation is vital to succeeding in a competitive rental market.