With rentals on the rise, Director Michael Krimotat at Ray White Double Bay has observed that people are prepared to pay a premium for homes that suit their needs. Here are Michael’s tips on the top 5 ‘little extras’ that make a rental more desirable:
Safety: Other than a location in a safe neighborhood, there are a few specific apartment amenities that can add some security and may be worth shelling out extra for each month. These features include an intercom system, multiple locked entrances or a doorman.
Built-in utilities: Utilities that are part of monthly rental, especially water, heat, gas, electricity, internet or cable.
Extra storage: Apartments with enough storage for everything are few and far between. Many renters pay a monthly fee to keep items in a storage unit – getting rid of that extra monthly cost could make up for the added rent.
Convenient laundry: In-building laundry facilities are valuable mainly for their convenience, but it’s a price worth paying for most people.
Fresh coat of paint: A fresh coat of paint goes a long way in giving the property a crisp new look.
Insights from Elliott Placks, Managing Director & Principal, Ray White Double Bay Changes in policy always bring about new levels of uncertainty across the market. However, changes also make way for new opportunities; particularly for those who act strategically and not reactively. Last week’s federal budget introduced major changes to Negative Gearing benefits and Capital … […]
Following the recent Federal Budget announcements, we would like to provide a clear overview of what the proposed changes may mean for property owners, investors, owner occupiers, and renters moving forward. The 2026 Federal Budget introduced the most significant changes to property investment tax settings in decades. While the headlines have been dramatic, the reality is … […]