The Pros and Cons of Short-Term Rentals in Australia

Short-term rentals have become increasingly common across Australia, especially in major cities and student-heavy areas. While they can be appealing for flexibility, they are not always the right choice for everyone. Understanding the advantages and disadvantages will help you decide whether a short-term lease suits your needs.

The Pros of Short-Term Rentals

1. Flexibility

Short-term leases are ideal for people who are studying, working on a contract, or unsure how long they will stay in one location. You are not tied down for a full year, which can reduce the pressure to commit.

2. Fully Furnished Options

Many short-term rentals come furnished, saving you the cost of buying furniture for a temporary stay. This can be especially helpful for international students or newcomers who need somewhere ready to move into.

For related advice, see Furnished vs Unfurnished Rentals: What’s Better for You?

3. Easier Entry for First-Time Renters

Because short-term rentals often cater to newcomers, landlords may be more flexible about references or rental history. This can make them more accessible if you are renting in Australia for the first time.

The Cons of Short-Term Rentals

1. Higher Rent Costs

Landlords usually charge more for short-term leases to offset the higher turnover. Over time, this can make them more expensive than long-term rentals.

For help with planning your budget, check How Much Money Should You Save Before Renting in Australia?

2. Less Stability

Short-term leases often mean frequent moves, which can be disruptive and costly. If you want stability, you may be better off committing to a longer-term option.

3. Limited Tenant Rights

In some cases, short-term arrangements may not fall under standard residential tenancy laws, giving you fewer protections if something goes wrong. Always check the agreement carefully before signing.

Who Should Consider Short-Term Rentals?

Short-term rentals are best suited for people in transitional situations, such as students waiting for a permanent place, professionals on work assignments, or travellers testing out a new city. If you want to settle down and build a rental history, a long-term lease is usually a better choice.

Final Thought on The Pros and Cons of Short-Term Rentals in Australia

Short-term rentals can be a useful stepping stone, but they are rarely the most cost-effective or stable option. If you are looking for a home where you can settle comfortably, it is worth exploring longer leases.

Find My Home works with renters across Australia to secure stable, long-term rentals that make it easier to build a rental history and avoid the stress of moving every few months.