Your step-by-step guide to renting in Victoria

There are lots of reasons you might be considering renting. It's an affordable alternative to servicing a mortgage, involves less maintenance and bureaucracy, and allows more flexibility when you choose to move. However, if you're renting for the first time, you might not totally understand the process. To get you rent-ready, here's a step-by-step guide to acquiring a tenancy.

1. Work out your budget

You'll be charged rent every week. On top of this, you'll have to pay a bond and certain fees up-front, as well as the cost of some utilities, depending on what's provided by the landlord. The first step to finding a rental is to work out what you can afford. As a general rule, your rent payments shouldn't be more than one-third of your weekly income.

2. Figure out what you want

Once you know what you can afford, work out what you want that budget to cover. There are a lot of factors that will affect how suitable a property is for you. Consider your needs in terms of space, location and other amenities.

3. Search for properties

Now that you know your needs and limitations, check out our available Brunswick rental properties. We manage a huge range of rentals, meaning we're bound to have something that suits you.

For a little more help in picking out a home, you can always contact us to discuss your requirements.

4. Inspect the property

Homes will usually be available for an open inspection, during which you can visit the property in-person to check that it's right for you. If you can't make it to the scheduled time, simply request an inspection on the property's listing page.

At an inspection, a Ray White property manager will be present to answer any questions you have.

5. Apply for tenancy

The property manager will give you a tenancy application form – or you can download one from our website and deliver it to our Sydney Road address.

6. Final inspection and signing the lease

If your application is successful, you'll be invited to sign the lease. The property manager will conduct a final inspection and inventory of the property, detailing the current conditions and contents. Be sure to review the condition report to ensure you know the expected state of the property when you eventually move out.

7. Bond payment

The bond is a security payment lodged with the Residential Tenancies Bond Authority. Neither the landlord nor the property manager keeps this money; it is held by the Authority only to be released to cover property damages or to be returned to you when you vacate the premises.

8. Move in

Congratulations on your new home! Your property manager will meet with you to hand over the keys on the tenancy commencement date set in the lease agreement, after which you can move in.

If you're ready to start your new life as a renter, get in touch with Ray White Brunswick for help finding the perfect new home.