More Australians are choosing long-term renting as their path to financial and
lifestyle freedom. Far from a stopgap measure, renting offers strategic advantages
for those who want control and flexibility to pursue career moves, explore new areas,
and adapt living situations as needs change.
Move on your terms
According to Jaime Pratt, Head of PM at VPM, one of the most significant benefits of
renting long-term is the flexibility it provides. “Renting allows the freedom to move
without the constraints typically linked with homeownership,” she says. “Whether you
need the flexibility to move for career opportunities, lifestyle changes, or personal
preferences, renting lets you quickly adapt your living situation when new
opportunities arise.”
The financial upside
Renting long-term can also be a wise choice financially. Unlike homeowners, renters
aren’t responsible for property maintenance, repairs, or unexpected expenses arising
from home ownership. Renters are also not responsible for property taxes or other
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fluctuating costs linked with property ownership. Jaime explains that by avoiding the
high upfront costs of purchasing a home, like a deposit and legal fees, renters can
allocate their cash flow elsewhere. “Whether it’s saving for future investments,
investing in other assets, or simply enjoying a better quality of life.”
Freedom from repairs and upkeep
Home maintenance seems endless when you’re an owner - from fixing leaky taps to
repairing flooring or painting. For renters, these jobs shift to the property manager to
organise. We’ve found that about 40% of people choose to rent mainly because
they want to avoid maintenance headaches, Jaime says. They would rather spend their
weekends enjoying life than dealing with unexpected repairs or routine upkeep. This
freedom from maintenance duties means more time to focus on family, career,
sports or other interests.
Protection during market volatility
The property market can be unpredictable, fluctuating values due to economic
conditions, interest rates, and other factors. Renting provides a way to avoid the
financial risks associated with property market volatility. Those uncertain about the
long-term stability of the property market or who prefer not to commit to a particular
location find renting a safer and more stable option.
Live where you love
Living in your favourite location doesn’t always mean having to buy there. Many
renters enjoy the benefits of prime spots with easy access to shops, schools and
transport - areas that might be out of reach for buyers. We’re seeing professionals
choose to rent in sought-after, convenient suburbs where they cant afford to buy, but
the lifestyle perfectly matches their needs, Jaime explains. They get the postcode
they want, a property often with premium features like modern kitchens and high-end
finishes and the lifestyle they want without the massive mortgage. Living long-term
in your preferred area can profoundly enhance your physical and mental well-being.
Our qualified team brings decades of local insight to help you find a home that fits
your lifestyle and long-term plans. If you’re ready to explore your options, contact us
to discuss what long-term renting could mean for you.
