{"id":186513,"date":"2025-02-10T16:30:27","date_gmt":"2025-02-10T05:30:27","guid":{"rendered":"https:\/\/propertyupdate.com.au\/?p=186513"},"modified":"2025-03-03T17:05:17","modified_gmt":"2025-03-03T06:05:17","slug":"missed-opportunity-why-saying-yes-to-pets-can-boost-your-investment-returns","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/missed-opportunity-why-saying-yes-to-pets-can-boost-your-investment-returns\/","title":{"rendered":"Missed Opportunity? Why Saying \u2018Yes\u2019 to Pets Can Boost Your Investment Returns"},"content":{"rendered":"

With 69% of Australian households now sharing their homes with pets, it\u2019s clear that pets aren\u2019t just a passing trend; they\u2019re part of the family for many Aussies.<\/p>\n

From dogs (38%) to cats (29%) and everything in between, pet ownership here is as high as it gets globally.<\/p>\n

In fact, we Australians even surpass Americans, with our pet ownership at the top of the global leaderboard.<\/p>\n

For investors, this cultural shift signals an opportunity to open up their properties to pet-friendly tenants.<\/p>\n

Now, here\u2019s an interesting stat: Australians live with more cats and dogs than children.<\/p>\n

\"Pets\"<\/p>\n

This tells us that allowing pets in rental properties isn\u2019t simply a tenant \u201cpreference\u201d\u2014it\u2019s an expectation for a large chunk of the rental market.<\/p>\n

And yet, around 25% of rental properties in Melbourne,\u00a0 22% in Sydney and less than 20% of Brisbane rentals are listed as pet friendly, leaving a notable supply gap for those renters eager to house their pets comfortably.<\/p>\n

For landlords, this trend is an invitation to step into a relatively untapped market with several obvious benefits.<\/p>\n

The reality is that tenants with pets are not only willing to pay more (often 10-20% extra), especially for homes that are pet-friendly, but they also tend to stay put longer.<\/p>\n

A secure, fenced yard, for instance, makes a property especially appealing to pet owners, who will often happily pay a premium for such features.<\/p>\n

At Metropole Property Management<\/a>, we have found that pet owners typically stay for around 36 months.<\/p>\n

They know pet-friendly rentals are hard to come by and will often aim for a long-term lease to avoid the hassle of frequent moves and the limited pet-friendly options available.<\/p>\n

Of course, there\u2019s always some initial concern around allowing pets, but the reality is that pet-owning tenants are often as responsible\u2014if not more so\u2014than tenants without pets.<\/p>\n

Our experience has shown that pet owners are often conscientious, respectful, and eager to maintain a positive rental relationship to keep their hard-to-find, pet-friendly home.<\/p>\n

\"Pets2\"<\/p>\n

Moreover, at Metropole<\/a>, we include pet clauses in our leases, adding another layer of financial security for landlords.<\/p>\n

A well-structured pet agreement can help clarify expectations and provide peace of mind, ensuring any potential issues are covered without disrupting the rental experience.<\/p>\n

While inexperienced investors might be wary of opening the door to pets, seasoned property investors recognise that allowing pets can attract quality tenants, command a higher rental premium, and reduce turnover.<\/p>\n\r\n\r\n\r\n

<\/div>\r\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

With 69% of Australian households now sharing their homes with pets, it\u2019s clear that pets aren\u2019t just a passing trend; they\u2019re part of the family for many Aussies. From dogs (38%) to cats (29%) and everything in between, pet ownership here is as high as it gets globally. In fact, we Australians even surpass Americans,…<\/p>\n","protected":false},"author":117,"featured_media":126272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,3],"tags":[],"class_list":["post-186513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-property-updates","category-property-investment"],"acf":[],"yoast_head":"\nMissed Opportunity? 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