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Found 11 results

  1. The Pom Queen

    Melbourne rental suburbs

    The phrase “rents in Brooklyn are going through the roof” probably does not conjure the image a tiny industrial pocket in Melbourne’s west. But far from New York’s trendy Brooklyn apartments, swarms of would-be tenants are now setting their sights and their rental budgets on units in Brooklyn, Melbourne. The small and once affordable suburb, 10 kilometres west of the CBD, is among the postcodes where asking rents have risen the most in the April quarter, according to Domain Group Data. Rent hikes come as the competition in Melbourne’s rental market comes under a further spotlight, with the imminent rollout of a string of rent bidding apps and an Anglicare report released this week that showed fewer than 25 per cent of rental properties in Victoria were affordable to those on the minimum wage or income support. There is already stiff competition for rentals in Melbourne, with people lining up to view a property in Brunswick earlier this year. Photo: Ganesh Krishnan In the past year to March, Melbourne’s median weekly house rents rose $20 to $420 and the median unit rent increased $15 to $395. Vacancy rates have also remained tight at 1.2 per cent for houses and 1.5 per cent for units over April, according to Domain Group chief economist Andrew Wilson. “There is no doubt that Melbourne’s rental market has tightened, with no sign of easing,” Dr Wilson said. “We have also seen an increase in rents for units and again no fall in the unit vacancy, which is interesting given the ongoing narrative around oversupply.” Leading the charge of rising rents is a group of once-affordable suburbs in the west, including Brooklyn, Braybrook and Sunshine North. In Brooklyn, rents have risen a whopping 37.7 per cent over the April quarter to $365 per week, as renters priced out of trendy Yarraville and Seddon drift further west with more to spend. A unit at 3/53 Stenhouse Avenue in Brooklyn is available to rent for $430 per week. Agents say it could be at least $100 a week more to rent the same style home in Yarraville. Photo: Jas Stephens “Brooklyn is certainly still affordable housing for people on a limited budget to rent in the inner west,” said Jas Stephens director Craig Stephens. “You still get relatively good vale for money but you’re not paying the Yarraville, Seddon prices … There is a lot of people on a limited budget looking to rent in the inner west, and what’s happened is the premium suburbs are charging premium rents.” Brooklyn units can be as much as $100 or $150 per week cheaper, Mr Stephens said, but tenants can still be minutes from the city by train or bike. RT Edgar director Joanne Royston said there had been a considerable amount of development in Brooklyn and a corresponding surge in investors in the area, with new landlords pleasantly surprised about how much rent they could charge, the low vacancy rates and how quickly things leased. The well regarded Ivanhoe Grammar School is pushing up the price of rent in the suburb. Photo: EDDIE JIM Of house rents, landlords in premium suburbs such as Surrey Hills and Essendon North have been able to hike their asking rents the highest over the year to March. In Ivanhoe, agents say Ivanhoe Grammar School is bringing cashed up renters into the area and pushing up prices, especially on family homes. “Often they need to get into area quickly to settle their kids in school because they haven’t been able to buy, or they want to trial the area before they buy,” said Nelson Alexander’s Jason Pettit. He recently had 40 group through the first 15 minute inspection of a family home in Ivanhoe, with around 20 applications after the viewing.
  2. aduffield76

    Accommodation for Jan 2014

    Hi all, We are looking for a weeks accommodation in Melbourne from 5th to 12th January 2014. We have already sorted our long term, just need a short term place for 4 adults and 2 kids. Can anyone help? We have looked on pretty much every single rental site but the only places available...put it this way, I could buy the place for less! Does anyone know anyone or anywhere? Cheers guys
  3. Hi all After having our visa's since September 2012 and having a reccie holiday to Melbourne this February, we are looking at moving out to Melbourne this coming November. However, we are struggling to find a medium term, furnished holiday rental that will accommodate myself, my wife and our 2 young children for 2-3 months (November to February) whilst I find a job, get the kids settled in one of the schools we went to see and find a more permanent rental. We have looked at stayz.com.au and moving-to-melbourne but are yet to find anything that wont require me to sell a kidney to pay for :biggrin: Please can anyone help or point us in the right direction Cheers guys Andy
  4. The Pom Queen

    Melbourne Rentals the Cheapest

    IT IS now cheaper to rent in Melbourne than most other Australian cities. Weekly asking rents in Darwin ($700), Canberra ($485), Perth ($450) and even Brisbane ($380) now outstrip the southern capital, new figures show. In Melbourne, median rents for houses stayed flat over the September quarter, at $360 per week. By contrast, Sydney's hit a record high of $520 per week. However, in popular suburbs such as Albert Park, Kew and Balwyn, rents still rose sharply, according to Australian Property Monitors' September quarter figures. Advertisement Data from analysts SQM Research show Melbourne's vacancy rate was 2.8 per cent in August. Anything below 3 per cent is considered to favour landlords. While the sluggish rental market was good for Melbourne's tenants, it meant property ''investors were quite disinterested in that market at the moment,'' Australian Property Monitors economist Andrew Wilson said. Median rents in Darwin have hit $700 a week, a massive jump of 27 per cent over the year. In Sydney, strong competition for rental properties was driving prices to record levels. Unit rents in Edgecliff, Woolloomooloo, Leichhardt and Darlinghurst rose between 6 per cent and 9 per cent. But the rise was not uniform, rents fell in Glebe and Haymarket. First home buyers were putting off buying and instead turning to the rental market, Mr Wilson said. ''That means there's more demand ... and that's one of the factors that has driven up house rents,'' he said. ''A shortage of houses and an increase in competition from tenants for what is available has put upwards pressure on rents.''
  5. Hi all, We are desperately looking for 2 weeks accommodation in Melbourne for 4 adults and 2 children. We are wanting to come over in February 2013. Can anyone recommend anywhere? or recommend any good web sites to visit? We have already contacted moving-to-melbourne.co.uk and are waiting on a response. Thanks guys Andy
  6. Hi For anyone who is soon to arrive in Melbourne and wants to be central to everything, being 8 minutes from Melbourne CBD, 4 minutes from the MCG, 1 minute from the Royal Botanical Gardens and directly across from Fawkner Park, we have a 3 bedroom unfurnished apartment available located on Toorak Road in South Yarra. It is unfurnished and available on a 12month lease. Pets may be permitted subject to conditions. Key Features 3 bedroom 3 bathrooms (2 ensuite) 1 bathroom with spa 2 undercover car parking spaces Surrounded by the most marvellous of parks which are all dog friendly, (the Fawkner is directly opposite the apartment). There is a small balcony that overlooks the garden below. If anyone is interested please pm me for more details.
  7. We have a furnished rental just been advertised in Mordialloc. It is available for 5 months whilst the owner goes overseas. A free rental car may be included subject to terms. For further information please have a look at: http://www.moving-to-melbourne.co.uk/melbourne-furnished-rental-accommodation15.htm We also have other furnished rental accommodation available in: Beaumaris Sandringham Hampton Seaford Monbulk Carrum Downs Clifton Hill South Yarra Mornington Northcote Highett
  8. 225 ELIZABETH STREET MELBOURNE A fabulous two bedroom apartment on the 9th floor of a well sought after building. The modern kitchen includes a dishwasher and microwave with gas and electric cooking appliances, open plan living, built in robes and includes a washer/dryer - you must inspect! The Nova has security building entrance and communal gym. Apartment comes fully furnished. I also have a couple who is interested in sharing the apartment. Whole apartment going for 520 p/w ( but able to nego with couple) Open for inspection Sunday November 23 (3.30- 4.00pm) Please contact Ray 0416568026 or email raysdoodle@hotmail.com
  9. The Pom Queen

    Melbournes Housing Shortage

    Here is the article below it can be found here: Housing squeeze deepens | Herald Sun MELBOURNE'S housing shortage is worse than realised, according to government projections. Documents obtained by the Sunday Herald Sun under Freedom of Information show new housing approvals - which slumped from 33,373 four years ago to 27,276 in 2006-07 - will reach only 28,720 by 2011. Previous estimates by the Housing Industry Association had the number of new homes in Melbourne recovering to 38,828 a year by 2011. The projection of new home approvals was prepared for the Premier by the Department of Planning and Community Development in February. A government spokesman said the estimates were based on outdated ABS data and were a "projection, not a prediction". But HIA economist Harley Dale said if the projection was correct, Melbourne's housing crisis was far worse than thought. "We are estimating a shortfall 7000 dwellings a year by 2010-11," he said. "These numbers would suggest the situation is even worse than that, especially as the situation has deteriorated since February." The findings came as property analyst RP Data warned the rental crisis was likely to get much worse because despite strong population growth, construction of new housing continued to languish. It predicted the average Melbourne house rental price would rise 14 per cent this year.
  10. We currently have available a furnished rental 4km from Melbourne CBD. It is a beautiful property if anyone is interested you can find further information on our website: Moving to Melbourne Furnished Rental Accommodation Thanks for your time
  11. one bright room in a 2-room flat, in Thornbury. 3-min slow walk to tram 86, stop 37. 6-min short walk to train station. supermarket nearby...... furnitured.... living with two young girl uni students. wonderful place. femail only~ $650/m, including all bills, and u will enjoy fantastic internet ADSL2, telphone, etc... :yes:u will enjoy this clean, and nice place. plz contact Elly on 0433445209 (3G) email:susu_0115@hotmail.com
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