How do I find a house to rent in Melbourne?

Choosing a house or apartment to rent in Melbourne is an exciting first step of building your new life here….There are three ways to view a property for rent:

attend an open for inspection held at a specific time.
make an appointment with the real estate agent.
collect the key from the real estate agent’s office.

Is it hard to rent in Melbourne?

House rents were $430 a week, having slipped $10 a week from last quarter’s record high. “It was only mid-2020 that Melbourne was the third-most-expensive city to rent a unit, behind Sydney and Canberra. It is now the third-most-affordable city to rent a unit, after Adelaide and Perth.”

What rent covers?

Tenants will generally pay for electricity, gas, oil or water usage charges if the property is separately metered. A rental property is separately metered if the meter: measures the amount of electricity, gas, oil or water supplied or used only at the property.

What do I need to know before renting?

10 things you need to consider before renting a property

Can you afford the property?
What are the charges?
What’s the condition?
Is the timing right?
Who lived here before, and why are they leaving?
How long is the tenancy agreement?
Does it have everything I need?
Can I make changes to the property?

Why is Australian rent weekly?

But the calendar months do not have equal numbers of days – they range from 28 to 31 days. Expressing a rent as a monthly figure instantly creates the potential for confusion about which month is being referred to. Ergo, the rent is expressed as a weekly figure for easy comparison.

Is Melbourne rent expensive?

Melbourne’s median house rent now sits at $430 per week.

Where is the cheapest rent in Victoria?

Here are the cheapest suburbs to rent either a unit or house in Melbourne, according to 2021 CoreLogic data:

Dandenong, Unit – $350.
Tarneit, Unit – $352.
Broadmeadows, Unit – $353.
Thomastown, Unit – $354.
Travancore, Unit – $355.
Epping, Unit – $356.
Pakenham, Unit– $356.
Altona Meadows, Unit – $357.

What happens if tenant doesn’t pay rent?

By failing to pay their rent, your tenant has broken the terms of their tenancy agreement, meaning you can serve them a Section 8 notice at any point in the tenancy. Your tenant may dispute the eviction, so you need to be ready with evidence of unpaid rent and your efforts to resolve the issue.

What is the most a landlord can raise rent?

5%
Rent increases cannot exceed 5% plus the percentage of annual increase in the cost of living adjustment promulgated by the U.S. Department of Labor, Bureau of Labor Statistics. The total increase is capped at 10% annually, and only one increase is allowed in any 12 month period.

How much income do I need to rent a property?

A common guideline is the 30% rule, which recommends that you spend no more than 30% of your gross income on rent. While this can give you an indication of what to spend, it won’t work for everyone.