Tenants willing to pay more

The vast majority of renters are prepared to pay more rent in order to stay in their existing rental property, a new survey has found.

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According to the Matusik Snapshot, two thirds of renters (67 per cent) are prepared to pay up to five per cent more in rent in order to stay put, while 29 per cent say they will pay as much as 10 per cent more in rent.

The survey, which collected responses from 682 respondents, also found that 71 per cent of renters would like to stay in their current rental property after their lease expires.

According to the report, the rental cost is the most important consideration when it comes to selecting a rental property. Factors which also scored highly among tenants were location, the number of bedrooms, suitable lease term and housing type.

“What isn’t important at all, according to our survey anyway is the ability to keep pets and environmental sustainability measures such as rain tanks, solar power and other water/energy saving devices,” said Michael Matusik, author of the report.


“Many commented that fast internet connection was far more important than the ‘green’ stuff.”

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