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Tips for Finding the Perfect Rental House in Melbourne

6 mins read
Tips for Finding the Perfect Rental House in Melbourne

Melbourne, the capital of Victoria, is one of the most sought-after cities in Australia. But as with any metropolitan lifestyle, finding the right rental house can be a daunting task. It’s essential to follow specific tips and tricks to save time and effort in searching for the perfect rental house. Let’s dive into the process of finding the best rental house in Melbourne.

If you’re searching for a rental house in Melbourne, you may be overwhelmed with options. Finding a house that satisfies your requirements, such as location, size, and affordability, can be challenging. You also have to consider the market trends, availability, and legal procedures before making any decisions. Don’t worry, though, as we’ve got you covered with tips for finding the perfect rental house in Melbourne. Let’s get started!

1. Determine Your Requirements

Location

When you’re searching for a rental house in Melbourne, the location should be a priority. Different suburbs in Melbourne have their unique vibe and attributes, from the trendy cafes in Brunswick to the pristine beaches in Port Melbourne. Determine the location based on your daily commute, neighborhood ambiance, and proximity to essential amenities like hospitals and schools. Consider the long-term prospect of the suburb, house prices, and accessibility to public transport.

Budget

Setting up a realistic budget is crucial before searching for a rental house in Melbourne. You don’t want to fall in love with a house and realize that it’s beyond your means. Allocate your budget for rent, utilities, and other additional expenses, like maintenance costs. Keep in mind the affordability of the area, the locality, and the amenities around you.

2. Check Online Listings

The majority of rental houses in Melbourne are advertised on online platforms. Real estate websites like Domain, Realestate.com.au, and Maz Real Estate are good places to start your search. Make sure to filter your options based on your preferred location, budget, and other requirements. You can also set up email alerts to stay on top of new listings.

3. Attend Inspections

Once you’ve shortlisted a few rental houses, it’s time to participate in inspections. This is your chance to evaluate the property in person and determine if it meets your requirements. Make sure to ask questions about the rent, utilities, and terms and conditions of the lease. Inspect for any damages or faults and take pictures to document them. You can also ask for repairs, alterations, or renovations before signing a lease.

4. Prepare Your Application

If you’ve found the rental house of your dreams, the next step is to lodge your application. Make sure to have all the necessary documents ready, like references, rental history, identification, and income confirmation. Most applications require a bond amount, typically four weeks’ rent, which is refundable upon the termination of your lease. You can also provide additional information to make your application stand out.

5. Read and Sign the Lease

Once your application is approved, you can proceed to sign the lease. Make sure to read the agreement thoroughly and understand the terms and conditions. Look for clauses related to rent increases, maintenance, and repairs, and ensure they align with the Residential Tenancies Act. You can also negotiate the terms if they’re unfavorable to you.

6. Moving In

Congratulations, you’ve secured your rental house in Melbourne! The next step is moving in, which can be exciting yet stressful. You have to organize your utilities, furniture, and appliances, and arrange for them to be delivered on your move-in date. Notify your neighbors and relevant authorities of your change of address, and enjoy your new living space.

FAQs

What are the rental prices in Melbourne?

Rental prices in Melbourne vary depending on the suburb, location, and size of the house. However, according to Domain’s Rent Report June Quarter 2021, the median weekly rent for a house in Melbourne is $480.

What is a bond payment, and when is it paid?

A bond payment refers to a security deposit paid by tenants at the start of their lease. It’s usually equivalent to four weeks’ rent and serves as collateral against any property damage or unpaid rent. The bond payment is refunded at the end of the lease if everything is in order.

Guide to Buying a House in Melbourne

If you’re considering buying a house in Melbourne, Maz Real Estate provides a comprehensive guide that covers everything from the buying process to market trends. Check out their guide here.

Conclusion

Finding the perfect rental house in Melbourne may seem like an arduous task, but by following these simple tips, you’ll be on your way to securing your dream home. Determine your requirements, check online listings, attend inspections, prepare your application, read and sign the lease, and move in! With adequate research and planning, you can make the process of finding a rental house in Melbourne a hassle-free experience.

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