30th January 2019

Archive

The merry, brutal world of Melbourne property rentals

My rude and green introduction to the world of Melbourne rental properties started one early Saturday morning in January where at least 30 desperate, harried and stressed people turned up for a property inspection in Brunswick West. All that I’ve read about renting in Melbourne had been overwhelmingly negative—about prices, the high season (exactly the wrong time to enter it, as I did), the ugly bidding wars—and thus far, I was proven right. Getting a rental home started to feel just as bad as searching for employment. Despite the property downturn, rents were still soaring, simply because demand outstripped supply. What I’ve learnt so far: That the reasonably-priced apartment a...