CBD ticks all the boxes for the modern day tenant

 

Renting was once seen as a stepping stone to the great Australian dream of purchasing your very own home. However, with an increasing number of Australians opting to rent nowadays, it appears the tables have turned. So begs the question, is it possible that renting has now become the great Australian dream?

 

 

Sure, lifestyle has always been a pivotal deciding factor for anyone “buying” a home. A desire to be closer to work or school, near a shady park, not far from public transport, a view of the city scape, a hop, skip and a jump to local shopping centres or cafes - whatever that lifestyle choice was (urban retreat or beachside oasis), the key was in purchasing a home built around a fabulous lifestyle.

 

 

But now it seems that renters have jumped on the lifestyle bandwagon too – with a recent article by Kristen Craze on www.news.com.au indicating that the new generation of renters are tech-savvy and altogether driven by choice and lifestyle.

 

 

Before we look at the now, let us quickly rewind a bit. Once upon a time, it is safe to say that there were two kinds of renters…

 

 

A)    Those trying to save up enough cash to buy their first home.

B)    Those on a low income that would most likely never be able to afford a mortgage.

 

 

Nowadays, the vast majority of renters do not fit into either of these moulds. Instead, renting has become very much a lifestyle choice.

 

 

In Craze’s article she often refers to “choice renters”, she writes:

 

 

“According to Optus’ Renter of the Future report… three out of ten renting households consider themselves as ‘choice renters’ who are not buying into the great Australian property dream.”

The report, which was conducted by McCrindle Research shows that 2016 will see a new generation of tech-savvy renters who favour a lifestyle fuelled by freedom, flexibility and choice.

 

“There’s this idea that the great Aussie dream is to move into a home that you own and if you haven’t done that then the dream hasn’t come true for you. But with generational change that’s just not true. You’ve got a lot of people who are the choice renters because they prefer the lifestyle. And they themselves might be landlords so financially they’re rocketing ahead,” said Mark McCrindle, social demographer.

 

While the Optus report listed the following list of must-haves for the modern day tenant:

 

     1.     Parking

     2.     A pet-friendly home

     3.     Access to cable internet

     4.     Strength of their home mobile signal

     5.     Number of power points in a room

 

Additionally, from our years of industry experience, here at HSBP we know all too well that the following five also rank high up there on the modern day tenant wish list as well:

 

 

1.     Location

2.     Proximity to amenities (schools, hospitals, shops, etc.)

3.     Distance to work

4.     Close to transport

5.     Room with a view

 

That is the beauty of owning a property in the CBD, it literally ticks all the boxes for someone choosing a home primarily based on lifestyle. Obviously the location is self-explanatory (you cannot get closer to amenities than living right in the heart of the city), and then there are the magnificent city views which are simply breathtaking.

 

 

Plus, if you make sure that your apartment comes with the extra bells and whistles – parking, a few extra power points and reliable internet, it is possible you may win landlord of the year (figuratively speaking of course).

 

McCrindle says that renters comprise nearly a third of Australian households. He also believes that technology underpins and has become completely fused with the lifestyle of the modern Aussie renter.

 

 

“This group is among the first to jump onto new technologies, keeping abreast of the latest trends and, where possible, the latest devices. Accessing the internet quickly from their new rental property is a must for them,” Mr McCrindle said.

 

So there you have it! When it comes to your next CBD apartment, if you make sure there is parking and good internet access, it seems you might be onto a winner.

To help you source the perfect tech-savvy property that screams lifestyle (view and all), talk to the professional team at HSBP on 0419 782 133.

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