Why February rate cut hopes are likely wishful thinking
Headline inflation has just passed its fourth consecutive month within the Reserve Bank’s target zone for considering an interest rate cut. Click here to read more.
Share houses not only help make rent more affordable but often they help kickstart lifelong friendships. In Australia, sharing a house is so commonplace it’s almost a rite of passage into the rental market. But with different personalities, expectations and cleaning habits there will always be ups and downs and finding the right housemates to begin with can be hard.
Finding the right housemate takes time. While many great friendships have been formed in share houses, at the beginning you should look for someone who is respectful and dependable and can pay their way.
Here are some things to look for when searching for the ideal flatmates:
Screening a potential housemate is essential regardless of whether they are a stranger or if you know them through a friend.
A quick conversation can help identify early on whether you may butt heads or if your lifestyles match.
Here are some questions you should ask before letting someone move in:
Divvying up costs can be one of the most contentious issues you encounter in a share house.
Sitting down and having a plan early will help ensure everyone is on the same page, and hopefully help avoid fights down the track.
To make sure everyone is on the same page when it comes to paying bills, here are some common ways households share the burden.
When it comes to household bills including food, gas, electricity and WiFi, splitting the cost can be tricky, especially if housemates have certain dietary requirements and different lifestyles.
It can be a huge point of contention if one person takes more than they can contribute, so finding a fair arrangement is essential.
Here are some common approaches to general household bills.
Made specifically for share houses, there are several different apps that allow you to upload bills, split them and then track who has paid their share.
These include: easyshare, Splitr, Splitwise and Finch and can be used for rent, utilities and grocery bills.
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Headline inflation has just passed its fourth consecutive month within the Reserve Bank’s target zone for considering an interest rate cut. Click here to read more.
Having no rental history is something every prospective renter faces at one point their lifetime, so don’t feel deterred from entering the market. Click here to read more.