The overall average electricity bill for Victorians in 2020 was $84 per month. Electricity & Gasįor electricity bills, Victoria is actually one of the cheapest states to live in. For the purposes of this post, things have been broken down into monthly expenses. You should also bear in mind that certain utilities like water and gas are billed quarterly, as opposed to monthly. This is important to consider if you’re deciding between living on your own, or in shared accommodation.
But more people living under the same roof means that utilities will actually be cheaper per person. You’ll need to consider three main factors when deciding on utilities: which providers you choose, the number of people in your household, and the kinds of facilities your house includes – do you have an electric hot water system? A heated outdoor pool? Ducted heating?Įach of your utility bills will increase incrementally depending on the number of people living in your household. In addition, the Australian Financial Review reports that in 2021 rental prices of Melbourne CBD apartments have fallen 34.4% over the previous year to an average of $393 per week ($1703 per month).
There is, of course, a lot of variability to consider here – like the size of house that you’re looking for, the area you’d prefer to live in, your proximity to public transport and shopping facilities etc…įor $400 per week ($1733 per month), you should be able to find a two or three bedroom house about one hour’s drive from the Melbourne CBD. Melbournian rent averages at around $400 per week, on par with Brisbane, and less than Sydney and Canberra. When shopping around in the rental market, be sure to do plenty of research on the area you’re planning to move to, and keep track of trends in pricing. No one has a confident prediction for when Melbourne’s housing market will return to normal, or if it will return to pre-2020 conditions at all. House sale prices have skyrocketed in previously modest suburban areas, while overall average rental prices have actually decreased – making Melbourne the second-most affordable city to rent a house in Australia in 2021. In terms of housing, 2020 saw a volatile shift in Melbourne’s real estate market, which most experts attribute to the social and economic impacts of COVID19. It comes in as Australia’s second-most expensive city to live in, behind Sydney. Traditionally Melbourne can be quite pricey, especially if you’re looking to live near the CBD. Our goal with this guide is to give you a tangible baseline to plan your monthly Melbourne-living budget. This article breaks down average cost of living in Melbourne by household size, listing what the average Melbournian spends on housing, utilities and household expenses. Melbourne also regularly tops the Global Liveability Rankings as the world’s most livable city, making it an attractive but also potentially expensive place to live. Melbourne is a beautiful city, renowned as Australia’s cultural, music and coffee capital. Moving in or to Melbourne? Here’s HOOD’s essential breakdown to help you budget for monthly utilities, housing and household expenses.
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