07 Jan 2025
Having a living space in Australia can be quite exciting, but it’s not easy. The country has everything, from vibrant cities to quiet coastal towns. There’s everything for everyone. Yet, the reality of renting in Australia is quite the opposite. Almost half of the renters (49%) now spend over 30% of their income on rent. Even worse, 1 in 10 people spends more than 60% just to keep a roof over their head. This can significantly strain finances, especially those needing to send money back home to support family or other expenses.
Whether you're exploring cozy houses to rent or sleek city apartments to rent in Australia, the rental accommodation market is fierce. This guide will help you understand the costs, trends, and tips to find your perfect place without overspending.
If you want rental accommodation in Australia, you have to fulfill specific requirements, whether you are here to work or study. Here's what you need to know for secure accommodation:
To rent a property, you must have a valid visa or permit. Landlords will ask for proof of your legal status in Australia.
Landlords need to know you can afford the rent. Offer payslips, bank statements, or a letter from your employer that can testify to your eligibility. Students may need a guarantor for verification.
Some landlords require rental references. If you're new to renting in Australia, you might need to offer additional proof, such as an employer’s letter or a statement from your educational institution.
You’ll need identification, like a passport or driver’s license. Students may need a student ID to show their status.
Be prepared to sign a lease agreement. You’ll also pay a bond (security deposit) upfront, which is refunded if the property is returned in good condition. By meeting these requirements, you can confidently navigate the rental process and secure accommodation in Australia as a migrant.
When searching for property in Australia for rent, it’s essential to understand the types of accommodations available. Here’s a breakdown:
You'll find various options for places to rent in Australia. Here’s a quick look at the most common types:
Renting houses in Australia could be costly, especially within the major cities. They tend to have higher rental prices.
Renting an apartment in Australia is generally more affordable than renting a house, but it is still costly within the city center. Apartments offer the convenience of living in the city with less space.
Flats in Australia are often the most budget-friendly, offering lower rent than houses for rent in Australia and apartments in Australia. They offer a balance of privacy and affordability, especially in regional areas.
Several factors determine the rent you’ll pay in Australia. Here’s what to keep in mind:
Cities like Sydney, Melbourne, and Brisbane tend to have higher rents. They’re closer to jobs, schools, and everything you need. In contrast, suburbs and regional areas offer more affordable options.
Bigger homes or those with unique features cost more, like a view, more facilities, or greater transport links. The size and extras make a difference, whether a house or an apartment.
Rent can change depending on the season. During summer, demand is higher, and so are rents. But you might find a better deal if you search during quieter months.
Renting in Australia can be tricky, but with these tips, you can find the best of the deals:
A property guide helps you compare listings easily. It’s a great way to check prices, locations, and features in one place.
Know the average rent in your area to set a realistic budget. Look at local reports or online platforms to stay up-to-date with information.
Before signing any lease, ensure you fully understand the terms and conditions. Most rental agreements in Australia outline the tenant’s responsibilities, including maintenance and the process for requesting repairs. Knowing these details will save you from surprises later.
Sometimes, you can negotiate your rent, especially for long-term leases. You must show you’re a reliable tenant to increase your chances of enjoying economical prices.
Rent tends to be cheaper in certain months. Plan your move when demand is lower to get a better price.
If renting alone is too expensive, try shared accommodation. Splitting the rent with housemates can save you a lot.
Rental prices in Australia have been shifting lately. Economic changes and regional demand play a significant role. The difference between renting within major cities and regional areas is vast.
The average rent in Australia isn’t cheap. Sydney is the most expensive, renting houses for about $750 weekly. Units in Sydney go for around $720 per week. Other cities like Melbourne, Brisbane, and Perth aren’t far behind. But if you’re looking for more affordable options, Hobart and Adelaide have cheaper rents for both houses and units.
Regional areas are much easier on the wallet. Average rent in regional areas costs around $550 per week. You’ll save money while enjoying a lavish lifestyle away from the city buzz.
Here’s a quick look at the average rental in Australia concerning various cities:
City | House (Average Weekly Rent) | Unit (Average Weekly Rent) |
Sydney | $750 | $720 |
Melbourne | $580 | $550 |
Brisbane | $630 | $600 |
Perth | $650 | $550 |
Adelaide | $595 | $480 |
Canberra | $690 | $560 |
Darwin | $660 | $530 |
Hobart | $540 | $460 |
Unit means a flat or apartment (a less spacious place than a house). This gives you a clear idea of the rent you might pay when looking for houses to rent in Australia.
As of June 2024, rental availability in Australia is very low, especially within cities like Sydney, Melbourne, and Perth. Vacancy rates are far below 2% to 3%, a significant drop from pre-pandemic levels.
This shortage is due to increased overseas migrants, including international students and visa holders, and the slow construction of new homes.
Landlords can raise rent depending on your lease type and where you live.
Rent usually can’t go up unless agreed upon before signing the lease.
Rents can rise every six or 12 months with 60 days notice period.
Rent hikes often follow market demand. When properties are in high demand, landlords can raise rents but must follow local rules.
Buying a home can feel like a dream come true. It offers stability and a chance to build equity. However, it’s also a huge commitment. You’ll need a large down payment, ongoing mortgage payments, and maintenance costs. Renting, on the other hand, gives you flexibility.
Whether you’re looking for houses or apartments to rent, renting means you can quickly move without the stress of selling. Your choice depends on your lifestyle and long-term goals. Renting might be the better option if you want freedom and less responsibility.
Over the year to June 2024, wages have increased by 4.1%. However, house rents in capital cities have hiked by 11.1%. This gap between wage growth and rising rents is the real struggle for renters. While people earn more, covering the increasing rental costs has become more challenging.
There are about 509,800 migrants in Australia today. Many of them regularly have to face the pressure of rising living costs. Rent is going up, making it harder to find affordable housing. At the same time, wages are not increasing as quickly. For migrants, this means less family support back home. This growing concern is making it challenging to send money to loved ones abroad.
As a migrant, managing rent in Australia might seem challenging, primarily when you must financially support your family. The good news? You can easily send money online to cover your family's expenses. ACE Money Transfer makes it affordable to help your family while living abroad.
Don't let the rental costs hold you back! Start saving with ACE today and make your support easy and affordable.
You can quickly negotiate the rent in Australia, especially if you commit to a longer lease. It's worth asking politely, but always check if the market rates in the area offer flexibility. Negotiating might not always work, but it’s worth trying.
As a tenant in Australia, you have the right to live in a safe and well-maintained property. Rent increases are regulated, and the landlord must follow specific procedures. If challenges arise, tenants can contact a tenant advocacy service for help. Make sure to understand your lease agreement thoroughly.
Renting a house without a permanent job is possible, but it can be challenging. Landlords usually ask for proof of income, so if you're in a temporary or casual role, be prepared to show the pay slips or bank statements.
The duration of your stay depends on your lease agreement. If you're on a fixed-term lease, you’re committed to staying for the agreed period. However, if you're on a periodic lease, you can leave with the appropriate notice of typically 28 days.
Yes, shared accommodation is a popular choice for migrants in Australia, especially for students and workers on a budget. It’s a great way to reduce living expenses and meet new people.
