What are the monthly costs I should consider when renting in Melbourne?

When renting in Melbourne, consider these monthly costs: rent, averaging about $ 1,430 AUD for a one-bedroom apartment in the city, utilities (electricity, gas, water) around $ 200 AUD, internet approximately $ 60 AUD, and if applicable, renter's insurance estimated at $ 20 AUD. These costs can vary based on location, usage, and property type. Always check current rates and individual lease agreements for specifics.

What are typical upfront fees and costs when renting in Melbourne?

Typical upfront costs when renting in Melbourne include a bond (usually one month's rent, e.g., $ 1,430 AUD for a city apartment), the first month's rent, and potentially an application or lease preparation fee. For instance, a bond for a one-bedroom might be around $ 1,430 AUD and adding the first month's rent doubles this. Application fees vary.

What is the typical lease agreement duration in city of Melbourne?

In Melbourne, Victoria, Australia, the most common lease duration for residential properties is 12 months. However, shorter-term leases of 6 months can also be found, especially for furnished apartments. It's also possible to negotiate longer leases if preferred. Leases beyond 12 months could include specific conditions agreed upon by both landlord and tenant.

Do I need to pay a security deposit when renting in city of Melbourne?

Yes, when renting in Melbourne, it's standard practice to pay a security deposit, often referred to as a 'bond'. This payment is typically equivalent to one month's rent. The bond is lodged with the Residential Tenancies Bond Authority (RTBA) and is returned at the end of the lease, provided there are no damages to the property.

How does the rental market in Melbourne compare to other regions in Australia?

Melbourne's rental market is moderately priced compared to Sydney, where the median rent for a one-bedroom apartment in the city center is around $ 2,568 AUD, compared to Melbourne's $ 1,800 AUD. However, it's more expensive than in Adelaide, where the cost drops to approximately $ 1,437 AUD for a similar apartment. For more detailed comparisons, visit http://www.numbeo.com/cost-of-living/.

What is the process of renting a property in city of Melbourne?

To rent a property in Melbourne, you usually search online listings or consult a real estate agent. After finding a suitable property, inspect it, then submit an application. If approved, you’ll sign a lease agreement, pay a bond (usually one month's rent) and the first month's rent in advance. Learn more about the process at http://consumer.vic.gov.au/housing/renting.

Property for rent in Melbourne

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Apartment for rent in Melbourne

3127, Surrey Hills, Boroondara

2 bedrooms
2 bathrooms
Apartment

This single-level home covers 2 bedrooms with mirror build in robes, a very generous open plan living overlooking balcony and park, stunning kitchen, and European laundry. Other features include the modest luxuries that can be expected from this executive property such as ducted heating and cooling, double...

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Apartment for rent in Melbourne

House for rent in Melbourne

8/117 Victoria Road, Hawthorn East VIC 3123 - Apartment For Rent - $600 | Domain

A Fabulous Bustling Hub of Melbourne

apartment at Melbourne

1 BED 1 BATH FURNISHED APARTMENT AT UNILODGE MELBOURNE CENTRAL - FOR LEASE!

1 BED 1 BATH FURNISHED APARTMENT AT UNILODGE MELBOURNE CENTRAL - FOR LEASE!

3 BED 1 BATH FURNISHED APARTMENT AT UNILODGE MELBOURNE CENTRAL - FOR LEASE!

3 BED 1 BATH FURNISHED APARTMENT AT UNILODGE MELBOURNE CENTRAL - FOR LEASE!

apartment at Melbourne

Apartment for rent in Melbourne

111/2-14 Albert Road, South Melbourne | Xynergy Realty

Real Estate For Lease - 702/77 Queens Road - Melbourne , VIC

apartment at Melbourne

apartment at Melbourne

Apartment for rent in Melbourne

Exquisite City Living: Contemporary 2-Bedroom Haven Steps from North Melbourne Station

Exquisite City Living: Contemporary 2-Bedroom Haven Steps from North Melbourne Station

2811/33 MacKenzie Street, Melbourne VIC 3000 - Apartment For Rent | Domain

Apartment for rent in Melbourne

11/12 Garden Avenue, East Melbourne VIC 3002 - Studio For Rent | Domain

207/99 Palmerston Crescent, South Melbourne VIC 3205 - Apartment For Rent | Domain

502/594 St Kilda Road, Melbourne VIC 3004 - Apartment For Rent | Domain

102/74 Eastern Road, South Melbourne VIC 3205 - Apartment For Rent - $720 | Domain

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