How much is rent at South Melbourne Market?

Rent for stalls at the South Melbourne Market varies widely based on size and location, with some stallholders paying between just under $ 40 , 000 $ 4 0 , 0 0 0 and up to $ 70 , 000 $ 7 0 , 0 0 0 annually. Short-term pop-up stalls are available for approximately $ 300 $ 3 0 0 per week (or $ 500 $ 5 0 0 per week during the Christmas period). Longer-term, permanent, or larger stalls may cost more depending on negotiations.

What is the average rent price in Melbourne?

Average rent in Melbourne varies significantly by property size, but recent data (early 2026) shows median weekly prices around $550-$600 for 1-2 bedroom flats/units and $700-$1100+ for 3+ bedrooms, with inner-city areas higher; a 2-bedroom unit median in the city center might be around $725, while a 3-bedroom house median in the wider metro area could range from $550-$650, with broader averages around $580 for houses as of late 2025.
 

What time to go to South Melbourne Market?

Wednesday: 8:00am - 4:00pm. Friday: 8:00am - 5:00pm. Saturday: 8:00am - 4:00pm. Sunday: 8:00am - 4:00pm.

What are housing prices like in South Melbourne?

Market and housing in 2025

Across the last 12 months, South Melbourne's house market has been trading at inner-south Melbourne levels. The overall median house value sits around $1,742,322, with a 12-month median sale price close to $1,500,000.

Where is the cheapest rent in Melbourne?

20 Melbourne Suburbs with Affordable Rent

• Melton. ...
• Wyndham Vale. ...
• Point Cook. ...
• Hoppers Crossing. ...
• Craigieburn. ...
• Cranbourne. ...
• Officer. ...
• Thomastown. Thomastown is a multicultural hotspot with excellent access to Thomastown Station, Sydney Road, and multiple public transport options that make getting around a breeze.

Properties for Rent in South Melbourne 2BR/1BA by MRE

How much rent is normal?

The average rent for new lets in the UK is £1,320 (or £15,840 a year) as of December 2025 (data to October 2025).

What salary is needed to live comfortably in Melbourne?

Salary requirements to live in Melbourne can vary based on factors such as lifestyle, number of dependents, individual expenses, etc. According to Payscale, the annual average salary in Melbourne is AUD 79,000. Most individuals earning between AUD 60,000 to AUD 79,000 can live comfortably in the city.

Can a foreigner rent in Australia?

Renting in Australia as a foreigner

Renting as an expat is definitely possible — it just might take a bit more paperwork and preparation. For example, landlords often ask for references from previous landlords, but if yours are all overseas, they might not call them.

Is rent paid monthly in Melbourne?

The rental agreement states whether the rent will be paid weekly, fortnightly, calendar monthly or at another agreed time. Once a rental agreement has started, rent is due on the agreed date by the agreed payment method.

What rent can I afford on a 30k salary?

For a $30,000 annual income, your rent should ideally be around $750 per month (30% rule), but a range of $600 to $1000 is often seen as affordable, depending on your location, budget, and if you have roommates, with many landlords requiring income 30x the monthly rent (making $1000 affordable for some).

How should I calculate rent?

Common guidelines for calculating rent

One popular guideline is the 30% rent rule, which says to spend about 30% of your gross income on rent. Gross income is the amount of money you earn before taxes and other things, like insurance premiums or retirement savings, are withheld.

Which part of Melbourne is best to live in?

12 Best Suburbs to Live In Melbourne

• #1 Carlton – Inner-City Convenience with Historic Charm.
• #2 Collingwood – Trendy & Well-Connected.
• #3 Caroline Springs – Family-Friendly with Modern Amenities.
• #4 Altona – Beachside Living Without the Price Tag.
• #5 Melton – One of the Most Affordable Suburbs.

How to live cheaply in Melbourne?

Cook at home and avoid buying take-out

Alternatively, try shopping at local markets, such as the Queen Victoria Market, or discount grocers, like Cheaper Buy Miles. Even when you do dine out, you don't need to spend much to get a tasty meal. Check out the best cheap eats in Melbourne here.

How to calculate a monthly rent?

For example, if your weekly rent is $500, here's how you calculate your monthly rent:

1. Step 1: $500 ÷ 7 = $71.42 (this is your daily rent)
2. Step 2: $71.42 x 365 = $26,071.42 (this is your yearly rent)
3. Step 3: $26,071.42 ÷ 12 = $2,172.61 (this is your monthly rent)

What is the rule for how much rent should be?

30% rent rule

This rule suggests spending 30% of your gross income (before tax) on housing costs, as over 30% could create a strain on your monthly finances. This is the best guideline to use when starting out in the rental market, as it helps you identify an affordable budget.

How do you calculate reasonable rent?

The general rule of thumb is to spend no more than 30% of your monthly income on rent. To determine your affordable rent, multiply your monthly net income (after taxes and deductions) by 0.30. For example, if you earn ₹60,000 per month, a reasonable rent would be ₹18,000 (₹60,000 x 0.30).

How much is 13.50 an hour annually?

$13.50 an hour is $28,080 per year (gross, before taxes) if you work a standard 40-hour week, calculated by multiplying $13.50 by 40 hours/week, then by 52 weeks/year (13.50 x 40 x 52). This breaks down to $2,340 per month or $540 per week. 

What is the 2% rule in property?

The 2% rule in real estate investing is a quick guideline where a rental property is considered potentially profitable if its monthly rent is at least 2% of the total purchase price (including initial repairs/costs). For example, a $200,000 property should aim for $4,000 in monthly rent ($200,000 x 0.02). It's a useful first-pass filter to screen properties for strong gross cash flow, but it doesn't account for all expenses and market specifics, so a detailed financial analysis is still needed. 

What is the maximum loan for 30k salary?

For a ₹30,000 monthly income, the typical maximum eligibility is about ₹8.10 lakh for a tenure up to 5 years with no other EMIs. If you already have EMIs, the indicative eligibility is: ₹7.70 lakh (₹3,000 EMI), ₹6.00 lakh (₹5,000 EMI), ₹5.50 lakh (₹8,000 EMI), or ₹4.80 lakh (₹10,000 EMI).

Can you rent for 3 months in Melbourne?

3 month apartment rentals are perfect for professionals on short-term work assignments, families between homes or renovating their own, or travellers who need a home base for a long term stay. You'll enjoy amenities, spacious living areas, and fully equipped kitchens during your stay.