Loud Sex Is A Bigger Problem Than Unpaid Rent For Young Australians
A recent survey has revealed some of the issues facing young renters across Australia.
The survey by realestate.com.au found "loud sex" was rated a bigger issue than worrying about "unpaid rent" by the average Australian renter who is between 18 and 39 years of age. This was cited as an especially big problem by renters in Sydney.
In fact, managing relationships were deemed one of the biggest challenges associated with renting.
Love was in the air for some with 14 percent of young Aussie renters started a relationship with a housemate.
Perhaps unsurprisingly, having a relationship with a housemate was rated as the number one cause of renting-related stress by 33 percent of the survey's 3,500 respondents.
"14 percent of respondents had ... started a romantic relationship with a housemate, choosing to kiss and make up rather than dwell on the dishes," the report reads.
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Renting with friends was also named a large problem. In fact, 44 percent of people surveyed said they moved in with a friend or someone they already had a relationship with.
Of that 44 percent, a whopping 40 percent admitted they questioned the decision to move in with that friend after the fact.
The survey found 40 percent of young Australians are in a state of "rental stress" but that most of them don't care they are in such a position.
According to the Australian Bureau of Statistics (ABS) a person is in "rental stress" when their housing is costing more than 30 percent of their gross household income.
The survey revealed most renters are either unaware they are in rental stress or that they were aware but simply did not care. More specifically, for people earning between $500 - $1000 a week, 64 percent of young renters in Sydney and 37 percent in Melbourne are currently in rental stress.
Renters preferences also have a part of play in these statistics. More than half ( 51 percent) of young renters will pay more for a place if the location is central and close to public transport.
But, these same people also struggled to find a place that met their requirements. In fact, 41 percent of survey respondents said the competition was the most difficult part of the rental process.
"Over 30 percent of respondents were rejected from more than three properties, suggesting that the process of finding a rental is more stressful than managing rent repayments," the report said.
Featured Image: Getty Images.
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