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.

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apartment 1107/296 Victoria Parade, East Melbourne

3002, East Melbourne, Melbourne

2 bedrooms
2 bathrooms
Apartment

Picture yourself living in the prestigious 6-star "The Eastbourne" complex - so Luxurious - you can visit your state-of-the-art gym, swim in the large indoor pool or relax in the tranquil Spa and Steam-room. Or reserve the Conservatory for a Family Gathering and host a private dinner! Step out into Fitzroy...

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apartment 1107/296 Victoria Parade, East Melbourne

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