Kent Rental Allowance & Key Rental Property Data for Melbourne, August 2016
22nd August, 2016
Kent is pleased to have rental allowance information for the rental housing market in Melbourne (up to date as of August 2016) now available for download.
Our Rental Allowance and Rental Property Matrix provides our clients with the most up to date rental market information available. The ultimate aim: to inform Human Resources departments and employees of the expected rent allowance rates.
The rental property data for Melbourne as of August 2016 shows that the predominant age of the populace is between 25 and 34 years, whilst the vacancy rate for Melbourne properties is 24%. Interestingly, the median rent for Melbourne properties is:
- 1 bedroom: $400
- 2 bedrooms: $550
- 3 bedrooms: $860
- 4 bedrooms: $1,800
Our full download package provides valuable information beyond the figures given here. Specifically, we break down the data for Melbourne city proper, as well as a number of popular Melbourne suburbs, including Docklands, South Yarra, Kew, Newport, Northcote and Brighton.
We believe that accurate, actionable rental property data enables our clients to make decisions that cater to the housing requirements of employees, whilst holding firm to financial best-practices. That’s why we provide rental price breakdowns in both mean and median format, accompanied by occupation figures. We also take note of the area size of specific locales, along with the proportion of parkland present in each area.
Primarily designed around the requirements of corporate relocation, and to inform house rent allowance policies, we gather our data responsibly and with scrupulous accuracy by consulting the following sources:
- Statistics released by established and reputable institutes and organisations
- Kent’s comparative examination of relevant rental markets
- Media outlets, polls and releases
- The comprehensive array of local knowledge we’ve built throughout 70 years of relocation experience.
As a relocations specialist, our job is to provide confidence and surety to relocations departments. That means our predominant focus is to provide honest and transparent assessment of relevant rental locales, developed over decades of relocation property management in Australia. We provide this rental matrix to our clients in pursuit of this transparency, and as part of our duty as relocation specialists.