Australia – the land down under. For the international assignee, it is a huge distance to relocate. The last thing you – or they - want is to face unexpected difficulties on arrival.

Throughout Australia in recent years, rental markets have become more demanding. With increasing bank interest rates, many landlords have raised rents to cover mortgage costs, but have been limited by government action on rent controls. As a result, some landlords have left the rental market, resulting in fewer available properties.

Preparation is key. If you are managing transfers to Australia, here are a few things that you need to know about the current challenges of finding a place to rent in its two major cities, Sydney and Melbourne.

Sydney

Sydney's rental vacancy rate is below 2%. Rents are rising and inventory is low. As a landlord’s market, assignees may find themselves standing in line to view properties, sometimes alongside 30-50 people.

Landlords do not take appointments. Usually, there is an allotted open house, and a 15-minute viewing time. Prospective tenants will be led through the property quickly, and assignees may find that one or more have already offered above the asking price.

It is important that assignees are prepared to make a fast decision if they see a property they like.

Melbourne

Melbourne surpassed Sydney last year as Australia’s most challenging rental market because of its lower vacancy rate, although prices are also lower. Assignees can expect similar discomforts during a home search – crowded open inspections and offers above the asking price.

Making Preparations

Assignees are unlikely to have an Australian credit history nor references from previous Australian landlords. But these disadvantages can be overcome by having plenty of supporting documents available:

• Ensure that rental applications are fully filled in. This is normally done online, with supporting documents attached.
• You will usually need at least two identity documents (e.g. passport, driving license).
• Rental history and recent rental receipts.
• If possible, references from previous landlords (in English), or proof of home ownership.
• Employment details and history, and current contract with proof of income.
• Bank details and copy of a recent bank statement.
• Include an interesting bio in your application pack.
• Be ready to extend a stay in temporary housing if necessary.

A Going-there Destination Consultant can assist at all stages of the rental process, including applications, arranging viewings, lease negotiations and property inventories. Going-there operates not just in Sydney and Melbourne, but also in Perth, Darwin and Brisbane.

Going-there offers Destination Services in multiple Australian locations. To learn more, contact Scott Addaman or Tyler Byrne of our client relations team.