The cost of renting
Set a budget before you start looking for a place to rent. Include all the set up costs including:
- bond
- rent in advance
- gas, electricity and telephone connection fees
- moving expenses
- furniture and household goods
Check if you are eligible for financial assistance such as:
- Rent Assistance (for more information contact Centrelink)
- rent in advance (contact your local housing service and ask about the Housing Establishment Fund or HEF)
- a bond loan (you can get information about the Bond Loan Scheme from your local Housing Office)
Ongoing costs include rent, bills and ideally, home contents insurance. You may also need to consider the cost of regular travel. If you can’t find a place or afford to rent close to work, school or university, you may need to budget for travelling expenses.If possible, your rent should be no more than 25% of your total income.