Be prepared: PM’s advice to international students

Nikoletta Pal, property management BDE from Ray White NSW/ACT who has been in the industry for 15 years said that even in the best of times, the market is very tight around universities and town centres.

“Rental properties near universities, schools and hospitals are always in high demand which leads to higher rental prices and lower vacancy rates,” she said.

With the current rental crisis affecting almost all types of tenants, Nikoletta had some advice for international students finding a place to live.

1. Start early: Begin your search far in advance of your move date, as it could take longer than you think.

2. Research: Familiarise yourself with the current local rental market. Understand going rental prices, popular suburbs, and rental requirements.

3. Be prepared: Make sure you have all the required documents ready, such as proof of enrolment in your educational institution, proof of income or financial support, identification and references.

4. Consider sharing: Sharing a rental with roommates can help lower your expenses and increase your chances of finding somewhere to live, especially in competitive rental markets.

5. Show your strengths: If possible, provide references from previous landlords or roommates to demonstrate your reliability as a tenant.

“I would urge students to be prepared and be organised. Renting a property is quite time-sensitive and not knowing what is expected from you can mean that you miss out on a rental property. Being able to provide the necessary documentation, including proof of affordability, will always be key,” she said.

“For sought-after properties, expect to be accompanied by several other prospective tenants. Once you inspect a property that you like, it's best to apply straight away.

“It pays to prepare your documents in advance; your identification, references and proof of income. Applicants are usually made online and are processed within a few days,” Nikoletta said.

Nikoletta said that overall she does not feel there is any discrimination against international students and most landlords welcome them, as long as they can demonstrate that they will be good and reliable tenants.

“Of course near universities, agents and homeowners will have more experience renting to students, and know that some properties are better suited, such as smaller, studio apartments or properties that are more appealing for sharing,” she said.

Nikoletta, who has rented many properties to students in Sydney throughout her property management career, said that the most common mistakes are not being prepared and familiar with the expectations.

“It is important that property managers assist with education around the application process to the prospective tenants. Giving them tips on obtaining personal and professional references are always very helpful too,” she said.

“Prior to starting the tenancy, it's worth explaining their rights and responsibilities. I've generally found international students to be very respectful tenants.”

While times are tough for renters at the moment, Nikoletta said that the future's looking a little brighter for international student housing.

“There has been an enormous investment in building dedicated student accommodation buildings across Sydney, offering apartments or share houses for students, close to their campus, public transport and amenities.”