Calculating Monthly Rentals
Take advertised weekly rent e.g. $350 per week.
Multiply by 52 (Weeks per year) e.g. $350 x 52 = $18,200
Divide by 12 (Months per year) e.g. $18,200 ÷ 12 = $1516.66
$1516.66 is rental per calendar month
Bonds
If rent if under $350 a week bond is usually 4 weeks rent
If rent if over $350 a week bond is usually 6 weeks rent
Average Rental Price Range
Rental per week in Melbourne inner city
Bed-Sitter
Fully Furnished $200-350
Un-Furnished $150-300
One Bedroom
Fully Furnished $310-450
Un-Furnished $280-390
Two Bedrooms
Fully Furnished $400-$600
Un-Furnished $350-$500
Three Bedrooms
Fully Furnished $550-750
Un-Furnished $500-$680
Car Park $30-80
