Understanding what tenants are looking for can help investors maximise returns. While affordability, location, and lease length are key factors, renters also want a safe and comfortable home that feels like their own.
Highlighting the right features in your rental listing can set your property apart from the competition. Here’s a look at the inclusions most likely to attract quality tenants.
1. Pet-Friendly Homes
With more Australian households owning pets than not, it makes sense for landlords to allow tenants to have their furry family members. In fact, ‘pet-friendly’ is the most frequently searched keyword for rental properties on realestate.com.au.
Allowing pets can make a property more attractive, broaden the pool of potential renters, and increase rental returns.
2. Fully Furnished Properties
Another top keyword in rental searches, particularly for apartments, is ‘furnished.’ Fully furnished rentals attract corporate clients, ex-pats, students, and professionals looking for a ready-to-move-in home.
Furnished properties are popular in areas near universities, city centres, and coastal regions, where tenants often seek short-term stays. Common inclusions are lounge suites, dining tables, desks, appliances, and soft furnishings.
3. Air-Conditioning & Heating
Australian summers can be brutal, and while there’s no legal requirement for landlords to install air conditioning, many tenants expect it. Fixed fans and fly screens are cost-effective ways to improve ventilation and are highly rated inclusions.
4. Outdoor Entertaining Areas
Renters value outdoor spaces for relaxation and entertaining, whether it’s a courtyard, balcony, or covered patio. A well-maintained outdoor area can significantly boost a property’s appeal.
5. Home Office Space
With the rise of remote and hybrid work, demand for properties with a dedicated study space is growing. A built-in desk, spare room, or even a small workspace nook can make a rental stand out.
6. Energy-Efficient Features
More tenants are looking for energy-efficient homes with features like solar panels, EV chargers, and double-glazed windows. These additions help reduce electricity costs, making the property more attractive.
Smart home features such as keyless entry, security systems, and energy-efficient lighting are also becoming popular.
7. Modern Kitchens
A well-designed kitchen is a major drawcard for tenants. Modern appliances, stone countertops, and ample pantry space are highly desirable.
Open-plan layouts that connect the kitchen with living areas are also in demand. Dishwashers, once considered a luxury, are now expected in most rental properties.
8. Bathrooms & Ensuites
Tenants generally accept older-style bathrooms as long as they are clean and functional. However, properties without an ensuite in the master bedroom may be less appealing, particularly for couples or housemates. Families with young children may also prefer a bathroom with a bathtub.
9. Built-In Storage
Built-in wardrobes are a practical necessity for most tenants, and a lack of storage can be a deal-breaker. Additional linen cupboards and general storage spaces are also considered major pluses.
Investing in built-in storage not only makes a rental more appealing but can also add value when selling the property.
10. Parking & Garage Space
Access to a garage or secure parking is a significant advantage, particularly in areas where on-street parking is limited. Tenants prefer designated car spaces, and properties with double garages tend to lease quickly.
Properties with extra storage for bikes, tools, or seasonal items are also highly sought after.
Stand Out in the Market
Highlighting these features in property listings can make a rental more attractive and ensure it stands out from the competition. A well-presented home with the right inclusions will appeal to a wider range of tenants and maximise rental returns.
For expert property management and advice tailored to your investment, contact #1 Property Centre today.