You can find a lot of literature about moving to Australia. That’s one of the first things you notice when you do your research online. There are brochures made by the state and local government which you can download. The wealth of information is out there if you know where to look.
But sometimes all the straightforward information you get out there is not enough. Some of us need to work with the details; some of us need some context so we know when and how we can apply such information.
I would like to think that I am one of those. So let me share with you a bit of what I know about leasing a property in Melbourne.
Renting out a property includes a referral, either from your personal or professional network. So, it is best to know a couple or so people who know you and can vouch for you. Check with your real estate agency too it written referrals are needed.
2. Inspection Times
You may find yourself walking around a neighbourhood and saw a sign for a unit or house for rent. You don’t just barge in or try to snoop around the property. You have to contact the agent and get the details for an inspection time. Be sure to not be late though as some inspection times can be quite short.
3. Rent Rate
Apartments or houses are most commonly leased on a weekly rate. Don’t forget this as you compute and compare your options. The rent is also paid on a fortnightly basis or every two weeks, unless otherwise specified in your contract.
4. Lease Periods
Apartment units or houses are commonly leased on a yearly basis. Although, you may find some that allows you to rent a place from a monthly basis to a 6-month contract, especially in the city where a lot of travelers transit.
Research and know what you are looking for in a neighbourhood. You can situate yourself in proximity to public transportation or to where you are looking to send your kids to school. It all depends on the needs of your family so it’s best to plan your priorities.
6. Furnished or Unfurnished
It all depends on your needs, really. But most of the time, the units or houses for lease are unfurnished so you may want to adjust your budget and expectations accordingly.
Ask about the utilities you need to pay, the due dates, and where or how you can pay them. Depending on your lease or contract specifications, you may be billed for gas, aside from water and electricity. Other monthly bills you may need to pay are for those that you applied for such as internet, phone, and cable television.
A bond is similar to the security deposit we know back home. Typically, a bond is a month’s worth of rent. Knowing this, you have to allocate a budget for the bond and anywhere between 2 weeks to a month’s worth of rent to be paid in advance when you apply for a lease.
9. Always ask your agent
Do not be afraid to ask your agent anything regarding the house. It’s important to know the condition of the house, how certain amenities work, and what to do when something acts funny. Keep communications line open with your agent. For everything else, the real estate agency will update you if a new agent has been assigned to you.
If you see yourself buying a car in the very, very near future then you need to consider your parking options during your lease. If you leased a self-detached house with its own garage, I doubt you’ll be having problems. But in a crowded city where there is barely space for cars, you need to study your options and research the parking rules regulations in the city. It is best know what parking permits to apply for, what on-street parking rules are in your local area, and the terms in a strata parking in your building.
Resource: Melbourne Parking
Here are other links that you may find useful:
PDF Guide by the Consumer Affairs Victoria on Renting a Home
PDF Relocation Guide to Melbourne by the Government of Victoria
PDF Relocation Guide for Skilled and Business Migrants by the Government of Victoria
Disclaimer: LezGoMelbourne is not paid by nor affiliated with any of the companies, shops, or brands mentioned above (if any). These are LezGoMelbourne’s personal opinions with no intention to cause or do any harm. These tips/guides are not to be taken as fact or absolute. Please consult with a professional for your own counsel.