6 Essential Tips for Securing a Rental Property in Melbourne: A Guide for International Students

As an international student in Melbourne, finding the perfect rental property can be both exciting and challenging. With the city’s competitive housing market, it’s essential to be well-prepared and strategic in your approach. Here are six crucial tips to increase your chances of securing your ideal home away from home.

1. Start Your Search Early

Begin your property search at least 4-6 weeks before your planned move-in date. This gives you ample time to explore options and attend inspections. 

2. Prepare Your Documentation

Having all necessary documents ready can give you an edge over other applicants. 

Prepare a folder (both physical and digital) with the following:

– Passport and valid student visa

– Proof of enrollment from your educational institution

– Bank statements or proof of income

– References from previous landlords or employers

– A cover letter introducing yourself

3. Understand the Bond Process

In Victoria, landlords typically require a bond, which is a security deposit held to cover any potential damages or unpaid rent. According to Consumer Affairs Victoria, the bond amount is usually equal to one month’s rent for properties where the weekly rent is $900 or less. Here’s what you need to know:

– The bond must be lodged with the Residential Tenancies Bond Authority (RTBA) within 10 business days.

– You’ll receive a bond lodgement number, which you should keep for your records.

– At the end of your tenancy, if there are no issues, you’ll receive your bond  back in full.

– Familiaris e yourself with the [condition report](https://www.consumer.vic.gov.au/housing/renting/beginning-a-lease-or-residency/condition-report) process to protect your bond.

Be prepared to pay the bond along with your first month’s rent when securing a property.

4. Understand Your Rights as a Tenant

Familiarize yourself with your rights as a tenant in Victoria. The Residential Tenancies Act outlines the legal framework for renting in the state. Understanding your rights will help you navigate the rental process more confidently and avoid potential issues with landlords or real estate agents.

By following these essential tips and being well-prepared, you’ll significantly increase your chances of securing a rental property in Melbourne. Remember to check www.roomingkos.com.au for student-friendly accommodation options that cater specifically to international students like you. Good luck with your search, and welcome to Melbourne!

5. Demonstrate Financial Stability

Landlords want assurance that you can pay rent consistently. Provide evidence of your scholarship, part-time job, or financial support from family. If you’re concerned about your application being accepted due to lack of rental history in Australia, consider asking a guarantor to co-sign your lease or offering to pay several months’ rent in advance.

6. Be Flexible and Consider Share Houses

If you’re finding it difficult to secure a property on your own, consider share housing options. Websites like Flatmates.com.au can help you find rooms in established sharehouses, which can be easier to secure and more affordable. Some roominghouses are located near top universities in Melbourne making it an ideal option for accommodation for students.