weekly rent payments

“I’m applying for a property. How can I show the landlord / agent that I can meet weekly rent payments?”

We asked the Managing Director / Licensee at Investors Edge Real Estate, Jarrad Mahon, for his advice.

“The easiest way is to give them a copy of your payslips,” Jarrad said.

“The rule of thumb that most agents look for is that your rent is less than one-third of your household income.”

“If you happen to be over this ratio, and you know that with your tight budgeting skills, you can still afford the rent, then I would also include a copy of your bank account statement.”

Jarrad said showing agents your savings will also give them more confidence about your ability to pay the rent.

You might also like:
Choosing references for your rental application

> The pros and cons of periodic agreements
Who is responsible for mould in a rental property?

Have a burning question you’d like answered? The Rent.com.au Community is our Facebook group for renters, agents and landlords.

Jarrad Mahon
Jarrad Mahon
Managing Director / Licensee at Investors Edge Real Estate | [email protected]

Jarrad Mahon is the Managing Director and Licensee at Investors Edge Real Estate in Perth, Western Australia. Jarrad is an experienced property investor, selling agent and the 'go to' for Perth property market strategies and award-winning property management. He hosts the popular Perth Property Insider podcast, offering listeners strategies and mindset tips to grow their wealth, and is the author of The Ultimate Home Sellers Guide - How to Master the 5 Price Influencers.

3 COMMENTS

  1. Hi
    I am a mature woman on her own looking for a small place to rent.
    I have a great savings plan, employed for 4yrs with the same employer.
    I am able to collect references from my job, Payslips, Statements, previous land Lord.

    At the moment I am in a contract what are the options that i need
    to get off the lease with my other family members. It finishes in Nov 17

    • Hi Cristina. There shouldn’t be any problem renting as an age pensioner. Each situation will be assessed case-by-case by a property manager / landlord. There are a number of government services available that can assistance with rental payments. You will generally be charged a rental that is a percentage of the age pension plus maximum rent assistance available from Centrelink (regardless of whether you are receiving the age pension or rent assistance.) Some states and territories also have Resident Associations who can help with advocacy, legal aspects and also promote the rights of Residents to all levels of government. Hope this helps.

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