David B Posted September 10 Share Posted September 10 Hi. I hope I'm posting in the right place. My wife and I have recently received parent visas and hope to move to Western Sydney before the end of the year. We will be renting at least for the first year, but we would like to know how to calculate the real cost of renting. First of all, do the rental prices given for a unit on sites such as domain include things such as lifts, cleaning of corridors, gardening of common areas, etc., or would that be extra? Secondly, the prices given are for a week's rental. To calculate a month's rent, do we just multiply by 4, or is it strictly for 7 days, so we need to multiply by, say, 30 to work out a monthly rental charge? Any other costs we should know about? Many thanks in advance to anyone who can help. Quote Link to comment Share on other sites More sharing options...
Marisawright Posted September 10 Share Posted September 10 24 minutes ago, David B said: do the rental prices given for a unit on sites such as domain include things such as lifts, cleaning of corridors, gardening of common areas, etc., or would that be extra? Secondly, the prices given are for a week's rental. To calculate a month's rent, do we just multiply by 4, or is it strictly for 7 days, so we need to multiply by, say, 30 to work out a monthly rental charge? Any other costs we should know about? Things such as lifts, cleaning of corridors, gardening etc are managed for the block of units by a 'strata manager'. The landlord pays the quarterly fee to the strata manager, not you. You will pay for your own electricity and gas services. You may have to pay water charges depending on the property. Sometimes in newer units, internet is already installed. If not, you need to arrange and pay for it yourself. Ditto landline if you decide to have one. To get the monthly rent, multiply the weekly rent by 52 and divide by 12. You'll have to pay a bond, typically one month's rent, which the real estate agent will hold in trust against any damage you might cause during your tenancy. Officially, when you're looking to rent a unit, the estate agent isn't allowed to ask applicants for more than the advertised rent. However, there is no law against the applicant offering a higher rent, and in the current competitive market, many do offer. 2 Quote Link to comment Share on other sites More sharing options...
Ausvisitor Posted September 11 Share Posted September 11 Western Sydney is one of the hottest rental markets in Australia at the moment, it's different to anything you would experience in the UK except for central London. They will want to see income showing you can easily afford the rent (salary or pension) and if not you'll need some good previous rental references and a large bank account that you can show. Plan to have to see many 10s of units and get rejected from many of them, a good salary and flat sharers are prized highly in W Sydney as it limits the landlords risk to non payment Good luck - so glad we bought within the year so we never have to deal with a rental agent ever again... Quote Link to comment Share on other sites More sharing options...
David B Posted September 11 Author Share Posted September 11 Thank you for your helpful answer. Quote Link to comment Share on other sites More sharing options...
David B Posted September 11 Author Share Posted September 11 ... and I can't see how to answer Marisawright as well as Ausvisitor, but thank you both for your answers which are a real help. Quote Link to comment Share on other sites More sharing options...
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