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

20th October, 2017

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

We understand how difficult it is to balance the interests of your assignees and the business when making employee relocation decisions. You need accurate, up-to-date and relevant rental market information on hand if you’re going to keep both parties happy. To make this rental property data as accessible as possible, we’ve created our series of Rental Allowance Matrix.

This matrix will provide Human Resources departments with the information they need at a glance. You’ll have a range of data at your disposal, ranging from information on the locations themselves, all the way through to price breakdowns on one, two, three and four bedroom apartments and houses in key Melbourne suburbs.

You can compare locations according to demographics (predominant age groups), rental property vacancy rates, parklands coverage and the highest, median and average prices for one, two, three and four bedroom properties.

For instance, in the key Melbourne suburb of the Docklands, our October 2017 house rent allowance matrix shows that of the 3 square kilometre area of the Docklands, 1% is parklands. It has a predominant age group of 25 to 34 years and a rental property vacancy rate of 3.3%. The median rental price property breakdown is as follows:

• 1 bedroom: $450 per week
• 2 bedrooms: $630 per week
• 3 bedrooms: $950 per week
• 4 bedrooms: $1,250 per week.

Our Melbourne Rental Allowance Matrix provides this depth and breadth of data for all the key areas and suburbs of Melbourne, from the glamorous bayside suburb of Brighton to the leafy eastern suburb of Kew and the iconic, former working-class areas of Northcote and Newport.

By including all the key areas of Melbourne, HR professionals can conduct the types of comparative analysis that are essential to a proper decision-making process. You can use this rental property data to place assignees in a location that suits them and their lifestyle, while still paying credence to the budgetary needs of the business.

If your assignee is a young, single professional, you can quickly see that inner-city Melbourne, Northcote and the Docklands all have younger demographics (25 to 34 years) than South Yarra (35 to 44 years). You can also use the price breakdowns to ensure your decision is in line with the company’s financial position. For example, a one bedroom property in the Docklands has a median price of $450 per week, while a similar property in Northcote carries a median price of $325 per week.

You can use our information as a reliable source, as we only take data from sources that we trust, such as:

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

At Kent Relocation Services, our sole aim is to provide our clients with an end-to-end service that allows them to focus on looking after their assignees and getting them set up for the next phase of their careers. This matrix was created to complement our world-class corporate relation services. What sets our service apart is that we offer a solution that caters to both the needs of the company and the comfort of assignees.

For complete peace of mind, all our relocations are backed by our famous 5-star Quality Service Guarantee.