WHO IS YOUR TYPICAL TENANT?

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WHO IS YOUR TYPICAL TENANT?

Recently released statistics show that the profile of a typical tenant is that of a female aged between 35-49 who earns above $50,000 per annum.

The statistics also show that less than 30% of people who are 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 of age.

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