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7 things homeowners and agents are actually looking for in your lease application

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Buying a property is a huge investment, which is why many potential first-time buyers are waiting a little longer and choosing to keep renting instead.
Buying a property is a huge investment, which is why many potential first-time buyers are waiting a little longer and choosing to keep renting instead.
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Rental prices have dropped quite drastically, property specialist Matt Habib tells Drum.

This means, for someone looking to save up a little bit more to put down a good deposit for their first home, renting right now does make financial sense.

"If you compare prices from two years ago, until now, one can see a significant reduction in rental rates across the board, with a wider variety of available options to choose from," Matt says.

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