Australian Renting Guide

Establish Your Renting Budget

Financial analysts suggest following the 30% rule: spend no more than 30% of your gross weekly income on rent. This safeguards housing affordability, leaving enough room for utilities, food, and saving goals.

When calculating moving costs, include the standard upfront expenses: 4 weeks' rent as security bond and 2 weeks' rent in advance.

Build a 100-Point Application

Rental markets in capital cities (Sydney, Melbourne, Brisbane) are highly competitive. To stand out, compile your digital application details before inspecting the property:

• Identity Documents: Passport, driver's licence, Medicare card, utility bills.
• Proof of Income: Last three pay slips, bank statements showing regular deposits, or tax returns.
• References: Reference letters from previous landlords or property managers, plus professional work references.

Inspection Inspections & Checks

Always inspect a property before signing the lease. Check water pressure in faucets, inspect windows and doors for locks, check for signs of mold or structural wear, and verify that gas/electricity meters work.

Take photos of any existing damage (scratches on floorboards, chipped walls) to ensure they are captured on the initial Condition Report.

Understanding the Lease & Bond

The Residential Tenancy Agreement is a legally binding contract. Review terms relating to smoking, pet allowance guidelines, gardening duties, and subletting permissions.

Your bond must be lodged with the official state bond authority (e.g. Fair Trading in NSW, RTBA in VIC) rather than held directly by the landlord. You will receive an official receipt containing your unique bond lodgement reference.

Rights & Maintenance Issues

Landlords are legally obligated to keep properties in a reasonable state of repair. Urgent repairs (burst water pipes, gas leaks, electrical faults) must be addressed within 24-48 hours.

Landlords must provide written notice prior to entering the property (usually 7-14 days for routine inspections, which are restricted in frequency depending on state laws).