Perth Rentals: A Chat with Property Pro Teri Mancini

What's Really Happening in our Rental Market?

Ever feel like the Perth rental market is a bit of a rollercoaster? One minute it's all sunshine and rainbows for tenants, the next it's landlords who are feeling the heat. We had a coffee with our seasoned property manager, Teri Mancini, to get the lowdown on what's really going on.

"It's a Tenant's World, We're Just Living in It"

Teri didn't mince words. "Right now? It's absolutely a tenant's market." Finding good tenants? That's become trickier than ever. And those recent rental law changes? They've only tipped the scales further in tenants' favor. Landlords, take note: you need to make your property shine to stand out.

The Tenant Struggle: More Than Just Money

Sure, having enough cash for rent is a given. But Teri points out that even in a tenant-friendly market, snagging a place isn't always easy. "The biggest hurdle we see is references. Those from a real estate agent carry the most weight – we're legally bound to be honest, after all." So, if you're a tenant, treat your current property manager like gold; that reference could be your golden ticket.

Landlords: Anxious Times

On the flip side, landlords aren't exactly kicking back and relaxing. "Those rental law changes have a lot of owners on edge," Teri admits. "There's uncertainty about what it all means." Her advice? Don't panic, but DO get informed. A chat with a property pro can clear up a lot of confusion.

Apartments & Units: The Hot Ticket

If you're thinking of investing, Teri has a hot tip: "Apartments and units are flying off the shelves." They're generally more affordable and often in handy locations, making them a win-win for both tenants and landlords.

Teri's Top Tip for Tenants

Ready to start your property hunt? Teri has one key piece of advice: "Be prepared." That means having all your paperwork in order – payslips, rental history, the works. "The more organized you are, the better your chances of landing that dream rental."

Need a Hand?

Whether you're a tenant feeling overwhelmed or a landlord navigating choppy waters, we're here to help. The Perth rental market might be a wild ride, but with the right guidance, you can come out on top.