Tips for first time renters
Moving into a rental is a big step. Here’s how you can plan ahead and be prepared to make the experience a positive one.
Know your budget
Taking a few minutes to sort a budget lets you know what you can afford to pay in rent. Don’t forget to include utilities like electricity plus basics such as groceries. Our budget calculator makes it easy to crunch the numbers.
Put paying bills on auto pilot
Figure out when your bills are due. Each time you get paid, set aside enough money to cover all your bills in a separate account. Then, arrange to have them debited from that account or pay using BPAY in the mobile app. That way you can have peace of mind your spending account is just for spending.
Consider your transport options
It’s handy to be close to public transport, and living just a few stops from work can see you save on commuting. If you have a car, off-street parking is convenient – and it can lower premiums on your car insurance.
Get sorted for furniture
Buying furniture and appliances for your rental can be a big cash drain. You may be able to go without some items initially. Otherwise, see if any friends or family have some items they no longer want or buy a few pre-loved pieces to tide you over. For big ticket buys, start a savings tracker in our mobile app or check out our low rate credit card^ for the flexibility to buy sooner and pay it back on your terms.
Protect your belongings
Once your place is kitted out, organising contents cover means you won’t be left financially skewered if your belongings are stolen or damaged.
Know your rights
Tenants’ rights and responsibilities vary slightly between states. Here’s where to find out more in your part of Australia:
+ Queensland – Qld State Government
+ New South Wales – Department of Fair Trading
+ ACT – Justice ACT
+ Victoria – Consumer Affairs
+ Tasmania – Consumer Building and Occupational Services
+ South Australia – SA State Government
+ Western Australia – Consumer Protection WA
+ Northern Territory – Consumer Affairs NT
Renting can mean taking extra care with your spending so you don’t leave yourself shortchanged. Take a look at our ‘Tips to pocket some savings’ to free up extra cash.
^ Credit eligibility criteria, terms and conditions, fees and charges apply. The information in this article is general advice only and does not take into account your objectives, financial situation or needs (your "personal circumstances"). Before deciding whether to buy any product you should consider your personal circumstances. You should read and consider the Terms and Conditions when deciding to use any product (terms and conditions, fees and charges may apply). Our product Conditions of Use are available at www.easystreet.com.au. © A division of Community First Credit Union Limited ABN 80 087 649 938 | AFSL and Australian credit licence 231204
Taking a few minutes to sort a budget lets you know what you can afford to pay in rent. Don’t forget to include utilities like electricity plus basics such as groceries. Our budget calculator makes it easy to crunch the numbers.
Put paying bills on auto pilot
Figure out when your bills are due. Each time you get paid, set aside enough money to cover all your bills in a separate account. Then, arrange to have them debited from that account or pay using BPAY in the mobile app. That way you can have peace of mind your spending account is just for spending.
Consider your transport options
It’s handy to be close to public transport, and living just a few stops from work can see you save on commuting. If you have a car, off-street parking is convenient – and it can lower premiums on your car insurance.
Get sorted for furniture
Buying furniture and appliances for your rental can be a big cash drain. You may be able to go without some items initially. Otherwise, see if any friends or family have some items they no longer want or buy a few pre-loved pieces to tide you over. For big ticket buys, start a savings tracker in our mobile app or check out our low rate credit card^ for the flexibility to buy sooner and pay it back on your terms.
Protect your belongings
Once your place is kitted out, organising contents cover means you won’t be left financially skewered if your belongings are stolen or damaged.
Know your rights
Tenants’ rights and responsibilities vary slightly between states. Here’s where to find out more in your part of Australia:
+ Queensland – Qld State Government
+ New South Wales – Department of Fair Trading
+ ACT – Justice ACT
+ Victoria – Consumer Affairs
+ Tasmania – Consumer Building and Occupational Services
+ South Australia – SA State Government
+ Western Australia – Consumer Protection WA
+ Northern Territory – Consumer Affairs NT
Renting can mean taking extra care with your spending so you don’t leave yourself shortchanged. Take a look at our ‘Tips to pocket some savings’ to free up extra cash.
^ Credit eligibility criteria, terms and conditions, fees and charges apply. The information in this article is general advice only and does not take into account your objectives, financial situation or needs (your "personal circumstances"). Before deciding whether to buy any product you should consider your personal circumstances. You should read and consider the Terms and Conditions when deciding to use any product (terms and conditions, fees and charges may apply). Our product Conditions of Use are available at www.easystreet.com.au. © A division of Community First Credit Union Limited ABN 80 087 649 938 | AFSL and Australian credit licence 231204
Community First Credit Union LimitedABN 80 087 649 938 | Operating as Community First Bank | AFSL and Australian credit licence 231204| BSB 512-170