Rent and Bond Costs in Australia: What to Budget Before You Move
Signing a lease usually means paying a lump sum before you get the keys. Knowing what goes into it lets you save the right amount and avoid putting the move on a credit card.
1. Bond
Bond is security money held for the landlord in case of unpaid rent or damage. In most states it's capped at a set number of weeks' rent for typical properties (commonly four weeks), and it must be lodged with the state bond authority, not kept by the agent. Rules differ by state, so check your state's rental authority: for example NSW Fair Trading, Consumer Affairs Victoria, or the RTA in Queensland.
Always get a receipt and the bond lodgement number.
2. Rent in advance
Many leases ask for rent in advance on signing, often two weeks. Your state sets the maximum. Count it as part of your move-in cash.
3. Moving costs
- Removalists or van hire, fuel and tolls
- Boxes, tape and packing supplies
- Cleaning your old place (and possibly carpet cleaning if your lease requires it)
- Time off work
Our moving house costs guide has a full checklist.
4. Connections and set-up
- Electricity and gas connection fees
- Internet set-up or a new modem
- Updating your licence and rego address
- Basics: curtains, cleaning gear, a few groceries
5. Overlap rent
If your old and new leases overlap, you may pay two rents for a week or two. Ask your agent about break or handover dates early.
How to work out your number
Add bond + rent in advance + moving + connections + overlap. Then divide by the paydays until moving day to get a per-pay savings target. Track it in a rent and bond tracker so you know exactly when you're ready.
Getting your bond back
- Keep a copy of the entry condition report and take dated photos on day one.
- Report repairs in writing as they come up.
- Clean to the standard in the entry report, then take exit photos.
- Lodge the bond claim through your state's bond authority. If you disagree with a claim, your state tribunal can resolve it.
Once you've moved in
Rent is usually the biggest bill in a renter's budget. Line it up with your pay using a fortnightly pay budget and see our renters budget guide.
Want it done for you?
Rent & Bond Tracker: Track rent paid, bond lodgement details and your move-in savings in one place. Or start with the free Mini Paycheck Budget.
FAQ
How much is bond in Australia?
It depends on your state and the rent. Many states cap bond at four weeks' rent for most properties. Check your state's rental authority.
Does the agent keep my bond?
No. Bond must be lodged with your state's bond authority, and you should receive a lodgement number.
How do I get my bond back?
Lodge a claim through your state's bond authority after you move out. Exit photos and the entry condition report help if there's a dispute.
General information only, not financial or tax advice. Check ato.gov.au or a registered tax agent for your situation.