Kent Rental Allowance & Key Rental Market Information for Melbourne, May 2017

Rental allowance & rental market information for Melbourne May 2017 image
Rental allowance & rental market information for Melbourne, May 2017

Kent’s Rental Allowance Matrix for Melbourne (as of May 2017) is now available to download.

We have created this rental market information to provide human resources professionals with the timely and accurate information they need to make sound, informed decisions and achieve the best outcome from their employee relocation assignments. As such, we have incorporated a variety of information that provides information on relocations as a whole, as well as employee house rent allowance figures.

The types of information our rental property data covers includes population demographics (predominant age groups), parkland coverage, vacancy rates for rental properties and breakdowns of rental property prices – median and average prices for one, two, three and four bedroom properties.

According to our May 2017 rental property data for inner city Melbourne, parkland makes up 36% of Inner City Melbourne’s 3 square kilometre size. Melbourne has a predominant age group of 24-34 years, and there is a 1.8% vacancy rate for rental properties.

The median rent for an inner city property in Melbourne (as of May 2017) is:

  • 1 bedroom: $430 per week
  • 2 bedrooms: $562 per week
  • 3 bedrooms: $950 per week
  • 4 bedrooms: $1,250 per week

The Melbourne Rental Allowance Matrix provides this breadth of data for all the key areas of Greater Melbourne, including the surrounding suburbs of Northcote, Kew, Newport and Brighton.

This allows decision makers to conduct comparative analysis on varying suburbs and areas of Melbourne. So, at a glance a human resources professional can see that Kew is an area popular amongst families, with a predominant age group of 0-14 years and a high-number of vacancies in two and three bedroom rental properties. You can also see that Northcote has a younger demographic (25-34 years) and a high-number of single bedroom rental property vacancies.

All our rental allowance data has been derived from respected and reputable sources, including:

  • Releases of key data metrics by leading institutes and organisations
  • Polls and releases authored by reputable and relevant media outlets
  • We also use the knowledge we have gained during our 70 years in the industry and our own comparative analysis principles.

We compile this rental market information to optimise our suite of superior quality corporate relocation services. We perform all our services with the aim of providing relocation services that our clients can completely rely on, so they can place all of their focus on setting up their assignees. Our delivery takes into account the need to balance assignee and company objectives and make sure that both are satisfied throughout the relocation process. We do this through our industry leading service delivery model, which is backed by our 5-star Quality Service Guarantee.