【Australia Rental】 Pet Friendly Pet-friendly rentals have become a major trend in the rental market in recent years

Highly pet-friendly demand

As more and more families consider pets as part of the family, tenants’ demand for pet-friendly rentals is also rising. According to surveys, the number of cats and dogs raised by Australian families even exceeds that of children. This tells us that allowing pets in rental properties is not just a “preference” of tenants, but has now become a need in the rental market. However, according to the latest data, about 25% of rental properties in Melbourne, one of the three major capital cities, are listed as allowing pets to live in; in Sydney, the proportion is about 22%; and in Brisbane, the proportion is even less than 20%. This supply gap means that for tenants who want to provide a comfortable home for their pets, the rental options are extremely limited.

Higher rents can be charged

For property investors, this trend means entering a relatively untapped market with significant benefits. In fact, tenants with pets are often willing to pay higher rents, usually 10-20% higher than ordinary rents. This allows landlords to get more substantial returns from providing pet-friendly rentals. For example, a secure, fenced garden is particularly attractive to pet owners. These tenants tend to pay higher rents for such facilities because it is directly related to the quality of life for them and their pets. In the experience sharing of rental companies, pet owners usually choose to rent for up to about 36 months. Such long-term leases are a stable source of income for property investors.

More responsible tenants

The survey report shows that tenants with pets tend to be more responsible than ordinary tenants. They usually cherish the rare Pet Friendly residence more. Most pet owners will maintain and cherish a good rental relationship and actively maintain the owner’s property. Rental companies also recommend that owners can include pet clauses in the lease to clarify the expectations of both parties and provide financial protection. Such an arrangement not only protects the interests of the owner, but also allows tenants to live happily and at ease with their babies.

With the increase in families with pets and the rising demand for pet-friendly properties in the rental market, real estate investors in Brisbane are facing new opportunities. By providing pet-friendly properties, owners can obtain stable rents and increase the value of their properties. Now is the best time to enter this market. If you want to create a win-win situation for yourself and your tenants, please contact Betty from Cheong Mei Australia Property immediately for more information!