Many landlords pay high prices for rental properties with the expectation that demand from a growing population base will drive rents up & sustain the higher prices.
But smart 20 something singles are outsmarting landlords & sharing greatly reducing demand for rental flats & houses.
Landlords may think they can just put rents & people will pay, however tenants may have a few surprises up their sleeves?
The story below is about flats in Sydney but equally Houses or Units in Perth can be affected in the same way. Read the story below & discover a smarter way to rent & save.
Modern Living: two couples, one flathttp://www.theaustralian.com.au/news/nation/modern-living-two-couples-one-flat/story-e6frg6nf-1226012258475
YOU'RE young, in love and eventually want to buy a house together. You need to save money but don't want to live in the sticks -- and you certainly don't want to live with the in-laws.There is another option: shack up with another couple. Ceira Mone, 24, and her partner Jonathan Rutledge, 26, share a two-bedroom unit with another couple in Sydney's inner suburb of Waterloo. "We are all in our mid-20s," Mone says. "We know eventually that we want to buy, and if we were paying rent on a one-bedroom unit, we could never do that."
She says the two couples are paying about $630 a week, but a one-bedroom unit would cost her and Rutledge about $500 a week. Sharing, she says, "is the only way to have the same standard of living and save at the same time".
The trend is growing, according to Australia's biggest apartment developer, billionaire Harry Triguboff, who has seen a surge in two couples renting a single apartment as poor affordability also pushes families to compete in the home unit market.