Introduction

Moving to a new city can be a daunting prospect, especially if you don’t know what to expect. One of the biggest questions that needs to be answered is: what will it cost to rent a place? This is especially true in Melbourne, Australia, where the cost of living can be quite expensive. This article will discuss the average rent for a 2 bedroom apartment in Melbourne, Australia. We’ll look at the current rental market in the city, and what you can expect to pay for a 2 bedroom apartment.

The Current Rental Market in Melbourne

The rental market in Melbourne is incredibly competitive. This is due to the city’s population growth, with more people than ever looking to rent in the city. This has led to an increase in rental prices, with the median weekly rent for a 2 bedroom apartment rising by 4.6% in 2020. This trend is expected to continue in 2021, with the median weekly rent for a 2 bedroom apartment forecasted to increase by 3.7%.

Average Rent for a 2 Bedroom Apartment in Melbourne

According to the Real Estate Institute of Victoria, the median weekly rent for a 2 bedroom apartment in Melbourne is currently $390. This is slightly higher than the national average of $381. This price is expected to increase over the next few years, with the Real Estate Institute of Victoria forecasting the median weekly rent for a 2 bedroom apartment in Melbourne to reach $398 by the end of 2021.

Factors That Affect the Cost of a 2 Bedroom Apartment in Melbourne

Aside from the current rental market, there are many other factors that can affect the cost of a 2 bedroom apartment in Melbourne. These include the location of the apartment, the size of the apartment, and the amenities the apartment offers. For example, an apartment located in the city centre will typically cost more than an apartment located in the suburbs. Similarly, an apartment with more bedrooms will cost more than an apartment with fewer bedrooms. Finally, an apartment with more amenities, such as a swimming pool or gym, may also cost more than an apartment with fewer amenities.

Tips for Finding the Right 2 Bedroom Apartment in Melbourne

Finding the right 2 bedroom apartment in Melbourne can be a daunting task. Here are some tips to help you find the perfect apartment for your needs:

Set a budget: Before you start looking for an apartment, it’s important to set a budget. This will help you narrow down your search and ensure that you don’t overspend.
Location: Consider the location of the apartment. Is it close to public transport, shops, and other amenities?
Amenities: Consider the amenities the apartment offers. Does it have a swimming pool, gym, or other features that you may need?
Size: Consider the size of the apartment. Is it big enough for you and your family?
Long-term: Consider whether you want to rent the apartment long-term or short-term.

Conclusion

The cost of renting a 2 bedroom apartment in Melbourne can vary depending on a variety of factors. The current rental market in the city is competitive, with the median weekly rent for a 2 bedroom apartment currently standing at $390. This is slightly higher than the national average of $381. When looking for a 2 bedroom apartment in Melbourne, it’s important to consider the location, size, and amenities of the apartment. Additionally, it’s important to set a budget and decide whether you want to rent the apartment long-term or short-term.