Thursday, October 13th, 2011
The latest episode of Toop TV reports how the preference to rent instead of buy is continuing to prove popular, particularly amongst the young who seek stylish lifestyle over long-term investments.

The choice to rent instead of buy continues to steam ahead in the great rent vs. buy debate.

"Home ownership has always been the great Australian dream, but more people than ever before are waking up to the reality of renting," says Elise Partington, presenter of Toop TV - Toop & Toop's online real estate segment.

"According to the RAMS first home buyers pulse report, only half of potential first home buyers are interested in purchasing a home while one in five are looking at renting permanently," she reports.

About 40,000 fewer first home buyers took the plunge into the residential market in the past year. Miss Partington says that "interest rate rises and a lack of buyer confidence have been blamed for this drop."

Anthony Toop, Managing Director of Adelaide based real estate company Toop & Toop, agrees that interest rates heavily dictate the current trend towards renting. "They (interest rates) will have to come down, I assure you, because we're out in the market place and it's pretty hard yards out there."

"For many younger people, it’s now also a lifestyle choice" says Miss Partington. "20 and 30 somethings choose to rent so they can live in a nice area, have the option to easily pack up and go away and have the landlord pay strata and maintenance fees" she says.

If this trend continues, it will likely put more pressure on an already limited rental market.

"The Toop & Toop rental vacancy rate currently sits a 1.1%," said Mr Toop. "This is unbelievably tight and it will only continue to tighten. It's in balance at 3%, so we will definitely see those rates rise over the next two or so months," he said.

This also means the types of rental properties available may need to change to cater for tenants looking to set up more of a permanent residence in their rental home.

Also in Episode 99 of Toop TV:

- Live in the studio, Leanne Kuss, Toop & Toop's 'Hoot&Toot' Studio Manager discusses how design and IT come together to provide the very best possible marketing mix and outcome for Toop clients.

- See inside SA’s Finest homes, including 66 Ben Loman Road Coromandel Valley and the preliminary release of 127 Young Street Parkside.

- Hear the very latest market update from RP Data's Senior Research Analyst Cameron Kusher.

- The importance of maintaining the smoke alarms in your investment property to keep you and your family safe.

View Anthony's Weekly Market Wrap-Up for the very latest in all things real estate.

View the complete episode and previous episodes at - and look out for Episode 100 - live on Wednesday afternoon, 12 October 2011.

Contact Profile

Toop Real Estate Group

South Australia’s largest independent residential real estate agency and the most highly awarded in the nation was founded by Anthony Toop. It has become a national icon in marketing and selling in the residential real estate industry having won National Real Estate Agency of the Year in 2007 and is the only real estate agency in the industry’s REISA Hall of Fame. Toop&Toop is also the only real estate agency in the Family Business Association Hall of Fame as an iconic business in South Australia. Founded by Anthony in 1985 has won virtually every major state and national business award since 1993 - and has received recognition both nationally and internationally for achievements in business excellence. In April 2009 Anthony was recognized nationally by the Real Estate Institute of Australia by receiving the nations “Community Service Award” for work done with charities and with the Community. He also received the Young Presidents Organization (YPO) Long Life Leadership regional recognition in December 2008 the “Legacy Honour 2008”.
Anthony Toop
P: 08 8266 8887
M: 0418 824 188


Real estate, renting or buying



More Formats

View QR Code