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dissolvedgirl

Bond & Rental Amount In GC/Queensland?

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Hiya!

 

Currently looking at rental properties in the Gold Coast area; mostly Varsity Lakes, Burleigh, and Mermaid Waters. Does anyone have an idea of how much to bond amount is in these areas, and how many weeks rent is average to pay up front?

 

Ta,

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If you look on sites such as domain.com.au it usually tells you in each property how much the bond etc costs

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Have been looking on Domain.com, but just wanted to see what peoples general experiences were i.e. Doman doesn't say how many weeks rent you have to pay in addition to the bond amount...

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My guess would be 2-4 weeks upfront but I don't know...hopefully somebody else can answer that for you :)

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Im in Helensvale renting with LJ Hootker and i had to pay 4 weeks rent as bond. Im sure realesatate.com. tell you the expected bond amount

Edited by nic1171

2012 IELTS 26/5 ANMAC 27/10 2013 LOD 14/03 AHPRA 08/05 LOE 30/05 EOI for QLD SS submitted and invited (same day) 30/05 190 Visa lodged 11/06 Medicals 29/06 CO allocated 12/7 PCC 23/7 extra docs 18/8 VISA GRANTED 23/8! Flights booked 10 Sept Brisbane bound! :jiggy:

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You will probably pay for weeks bond and two weeks rent. But it can vary.

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In QLD if the weekly rent is less than $700 then the maximum bond you have to pay is 4 weeks' rent (this includes pet bonds, key bonds etc). If the weekly rent is over $700 you can be charged whatever, but you'd be hard pressed to find someone who will ask for more than 4 weeks' worth.

 

it's usual to pay rent in advance, four weeks is normal but 2 weeks also happens.

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We rent in Sorrento on the Gold Coast rent is $700 a week. We had to put down 4 weeks as a bond.

 

Rent paid every 2 weeks, I mentioned every month to the agent and they said we could do that if we wanted. But we chose not to. Hubby paid fortnightly so it made sense.

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We rent in Varsity Lakes, pay $510 a week for a newish 4 bed place.

 

Our bond was 4 weeks ($2040) and we paid 6 months rent upfront to secure a place.

 

We found the competition for places was unreal and no sooner had i seen a place on rightmove (checked 2-3 times a day) and called it was gone....OR the agent just doesnt get back to you...helpful!

 

Also we had our own house in the UK so had no rental history etc so found it hard to get a place so decided to offer 6 months rent up front and magically we were accepted.

 

We planned to pay ourselves back/reimburse over that 6 month period.....but that never happened!!

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don't want to up set folks, but bond is the bond, and as reference by others under QLD legislation you can not charge more the 4 weeks rent as a bond, and that bond is then forwarded and held by the RTA. http://www.rta.qld.gov.au/Renting/Moving-in/Rental-bond-deposits-and-utilities

with paying up front, try to stick to the normal - either 1 week 2 week or monthly. I appreciate that it is sometimes hard to secure, but please consider - either a the up front is sometimes held in the "trust account" of the real estate agent, and not passed on to the landlord, or is in fact passed on to the landlord and then the power balance is the favour of the landlord, and you might decide the house or neighbours, or other matters do not work out for you, and then your money is tied up - and not easily accessible. The advice is not throw money at trying to secure, but rather build a relationship, visit 2 or three agents in person, on a dily basis if need be, and be polite, "just popped in " wonder if anything new on the books etc etc... we secured - with bringing in a Latte - and said ohh sorry the girl made too many and gave this one to me at half price, and wondered if you needed a refreshment......so for $2.00 we had a call a few hours later saying got a place for you - come back complete forms and you have first rights before anyone else.... so yes so an interest, and be polite....and keep the money close to you - you might need it

 

and yes i have been a landlord, a renter, real estate lettings ( both sides of the water) and now for my sins I have ended up in the world of Body Corporate

 

hope the guidance helps


RGN (43) OH (47) 2 daughters (6 & 4):hug: AHPRA applied Sept. '11 & granted Jan. '12. Job offer June '12...e457 lodged 23 aug.'12..medical 28 aug.'12.. visa granted 6 Sept.'12!.. Arrived in Oz 4 Nov 2012.....!

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