It's clear that Victoria's renters are facing a number of challenges, as revealed in the latest realestate.com.au Property Seeker's Report, which highlights key issues within the rental property sector.
A significant 72% of respondents acknowledged the complexities of renting, with nearly half describing their experiences as challenging, underscoring the pressures in the market.
Many renters in Victoria, particularly in Melbourne, are keen on finding homes that meet their evolving needs.
This reflects the stark reality of limited options, as Melbourne's rental market is experiencing a vacancy rate of just 1.5% as of January 2025, well below a healthy market vacancy rate of around 3-4%.
The research also revealed concerns about displacement, whether from lease expirations or unexpected landlord decisions, which add a level of uncertainty that renters are keen to overcome:
“So, it was a bit tough, but I managed to get two years locked in, which I think was a bonus,” shared one renter, illustrating a common success.
“Because, renting, it's very insecure. You don't know what will happen—you're here today, you're not here tomorrow. Not many people have the luxury and the financials to accommodate increases.”
Another renter recounted a situation, saying, “There was a leak in our place, and the carpet had to get fixed. We accommodated that, and although it was resolved, the landlord decided to sell.”
Rental solutions are already here
In response to these challenges, professionally managed, large-scale rental developments, known as Build to Rent homes, are providing real solutions for renters.
These communities address key concerns such as the need for lease security, the ability to personalise living spaces, and access to community-building features for social interaction—elements that elevate renting from merely a necessity to an enjoyable lifestyle choice.
Build to Rent properties offer community amenities that renters are looking for. Picture: Gavin Green.
The Home advantage
Home, a leader in the professionally managed, large-scale rental properties market, offers innovative solutions that align with renters’ desires for a flexible, secure lifestyle.
“Home isn’t just about providing a place to live—it’s crafted for those who choose to rent as a lifestyle choice,” explains Christian Grahame, Head of Home.
“We’re reinventing the renting experience by offering flexibility and solid lease security, allowing renters to truly make it their own.”
Home residents enjoy amenities and events that build community. Picture: Ash Ludkin.
Home enhances the living experience with amenities such as gyms and co-working spaces, providing added value and the comforts of a premium lifestyle.
With an emphasis on service, residents enjoy a hotel-like atmosphere that suits a vibrant inner-city lifestyle.
Additionally, Home fosters a strong community spirit through a curated events program, ensuring residents thrive in a socially engaging environment.
Peace of mind rentals
“With a focus on lease security and offering residents the freedom to personalise their spaces and enjoy life with a pet if they choose, we aim to alleviate much of the usual stress associated with renting,” Grahame adds.
“We prioritise creating a community-focused environment where flexibility and lifestyle amenities are standard.”
Home presents a superb choice for those who opt to rent, delivering a modern, community-oriented living experience.
Apartments at Home are designed with flexibility and modern lifestyles in mind. Picture: Lisa Cohen.
This approach ensures residents can enjoy an enhanced quality of life, supported by amenities that enrich daily living and foster a true sense of community.
As the housing market faces challenges, build-to-rent developers like Home are providing Victorians with a promising avenue for a more stable and enjoyable renting experience.
Excitingly, Home is also expanding its footprint with a new location set to open in Parramatta, NSW, this year.
English (US) · 