In today’s fast-paced Australian rental market, understanding each step in the application process can significantly improve your chances of securing your ideal home.
This guide aims to clarify what “under application” actually means, how it fits into the broader application process, and what both renters and landlords can do during the process to make the best decision for them.
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Understanding “Under Application” Status
“What does under application mean on a rental property?” is a question that often arises when prospective tenants see property listings suddenly marked with this label.
With national vacancy rates commonly reported at around 1.1% in 2024, competition can be fierce, and terms like “under application” may cause confusion or stress for potential tenants.
The simplest answer is that “under application” means the landlord or property manager is actively reviewing one or more submitted applications. Although it may seem like the property is off-limits, the reality can be more nuanced.
Many people assume that an “under application” or “under application rental meaning” automatically excludes new applicants, but that is not always the case. Some landlords keep the listing open until a lease is formally signed. Others might pause accepting further applications until the current applications are fully evaluated. Misunderstandings about this can lead to missed opportunities for prospective renters or frustration when they see a property marked as “under application” that they are eager to pursue.
Common Misconceptions
One misconception is that “under application” translates to “definitely taken.” In truth, such a label only indicates the landlord is considering submitted applications; no final decision may have been made yet, or on the other hand, the necessary steps from the current applicant have not been taken to secure the property. Another common belief is that once you have applied to one property, you should not apply elsewhere, but doing so may hamper your chances in a market as competitive as ours.
In addition, many prospective tenants assume that the first application that arrives will automatically be approved. While timeliness is undeniably essential, it is not the only factor. Factors like rental history, proof of income, references, and the compatibility of the proposed lease terms can carry significant weight, often surpassing who was first in line for who is the best tenant for the property.
Finally, another myth is that the entire application process always unfolds at a predictable pace. Sometimes, the landlord can make a decision within a couple of days; in other instances, it might take weeks. These variations hinge on factors like workload, the property’s popularity, or the thoroughness of background checks conducted on potential tenants.
The Reality of “Under Application” Status
When a property is marked “under application,” it typically indicates that the landlord or property manager has started evaluating the applications received. Depending on local practices and the preferences of the property manager, multiple applications might still be accepted.
That means you could discover a property labelled as “under application” and still be able to submit your documents, though you should contact the property manager first for clarity.
The Complete Rental Application Process: Step-by-Step Guide
Gaining a thorough understanding of the rental application procedure from start to finish clarifies how “under application” fits into the bigger picture.
Pre-Application Phase
Before submitting an application, you should schedule a property viewing in person or virtually to confirm that it meets your criteria. During inspections, take notes and snap photos (with permission from the landlord or property manager) for reference.
Gathering your documentation early can save you significant time. This typically includes photo identification (like a driver’s licence), proof of income (bank statements or payslips), rental references, and personal references. You can always follow up with an expression of interest via email or speak with the agent over the phone.
Financial requirements also play a significant part in the pre-application phase. Make sure you understand the bond amount (usually equivalent to four weeks’ rent) and initial rent payment. If you have a less conventional source of income, be prepared to provide additional evidence of financial stability, such as freelance earnings statements or a letter from your accountant.
Application Submission
Applying for a rental property typically involves submitting an online application via platforms like 2Apply or T-App. These platforms allow you to create a tenant profile, fill out a form, attach copies of your documentation and receive alerts on properties you may be interested in applying for.
Once your application is officially submitted, keep track of essential details, including the submission date and contact information for follow-ups. A methodical approach lets you stay organised, especially if you apply for multiple properties.
During the “Under Application” Period
After you have lodged your application, the property may be marked “under application.” This indicates the landlord has moved to the review stage, which involves verifying your references, confirming employment details, and possibly conducting credit checks. Communication channels tend to slow during this verification period but do not be afraid to politely follow up if a significant amount of time passes without feedback.
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Maximising Your Application Success Rate
Given the high levels of competition in many Australian cities, building a well-presented, comprehensive application can be the difference between acceptance and rejection.
Documentation Excellence
Organising and presenting your documents ensures the property manager can swiftly determine and verify the information they need. Include clear file names such as “Proof of Income,” “References,” and “Identification.”
Another way to stand out is by including a personal cover letter. This brief introduction can explain why you are seeking a new rental and what makes you a responsible tenant.
Financial Preparation
Being financially ready includes having your bond and initial rent set aside, ideally in an account you can access quickly if you have to produce payments promptly.
Items like a solid rental history, references from past landlords, and consistent employment records are also particularly reassuring to property managers.
For those who are self-employed, providing a profit-and-loss statement, recent client contracts, or a letter from an accountant can add legitimacy to your application. Highlighting responsible financial behaviour minimises the landlord’s perception of risk, making you a more compelling candidate, especially where multiple applications are under simultaneous review.
Navigating Multiple Applications
Applying for several properties at once is often a smart risk management strategy in a competitive market, helping you secure a fallback choice if your top pick fails to work out. However, keeping track of multiple deadlines, application fees, and submission documents can be overwhelming.
Submitting hastily prepared applications to multiple properties can lead to mistakes or omissions that undermine your credibility.
Why Timing Matters
If your application is accepted, you enter a crucial window that requires prompt action. During this period, the property manager will prepare your lease agreement and expect you to complete all necessary documentation on time.
A residential tenancy agreement is a legally binding contract that protects both you and the property owner. Delays in signing the lease can put your application at risk, as property managers may need to consider other applicants if you don’t proceed within the expected timeframe.
Key Takeaways
- "Under application" means the landlord or property manager is actively reviewing one or more submitted applications.
- Common misconceptions include believing "under application" means "definitely taken," and that you shouldn't apply to multiple properties simultaneously.
- The complete rental application process involves pre-application, application submission and the "under application" period.
- To maximise success in a competitive market make sure you are prepared with documentation, financial readiness & solid rental history and references.
Talk to the Property Management Experts
Looking ahead, the Australian market is projected to remain competitive over the coming year, making preparedness and flexibility key virtues.
If you are looking for an experienced property manager or more advice on navigating the current rental landscape, contact the Leah Jay team today for tailored insights and assistance. Your next home could be just one well-prepared application away.
