All Topics / Help Needed! / One unit property rentals

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  • Profile photo of malmal
    Participant
    @malleiden
    Join Date: 2015
    Post Count: 2
    January 30, 2015 - 3:43 pm

    Hi all
    I’m looking at a 3 x 1 bedroom complex that is very tidy in a reasonable area. wonder how difficult it is to rent one bedroom apartments compared to say two bedroom apartments?

    thanks

    Mal

    Profile photo of Kinnon BellKinnon Bell
    Participant
    @kinnon
    Join Date: 2014
    Post Count: 151
    January 31, 2015 - 4:55 pm

    What are the demographics of the area?

    Best bet would be to call a few of the local property managers and have a chat to them on what their prospective tenants are looking for.

    Some instances there is demand for 1 bedders such as close or in CBD for cheap (student?) accom but I know if I was renting as a single person or even couple I would still want 2 bedrooms as one to sleep in and the other as storage / office / guests etc.

    Whether it comes with a car park on title would be another consideration too.

    Another thing to consider is the finance side. 1 bedders tend to be on the smaller side and banks don’t like it when they’re smaller than 50sqm – makes it harder to get a loan or the LVR has to be lower.

    Kinnon Bell | Kinetic Funding
    http://www.kineticfunding.com.au
    Email Me | Phone Me

    Mortgage & Personal Loan Broker based in Cairns and Melbourne but servicing clients Australia wide.

Viewing 2 posts - 1 through 2 (of 2 total)

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