Renting

Promote stability and affordability for renters

More Victorians are renting than ever. For some, this is by choice – they enjoy the flexibility renting affords. Some rent while they save enough for a home deposit. But for others, renting is their only choice.

This means that many Victorians don’t get the security they need when they enter into a single year lease.

So, as the number of renters increase, we must ensure the needs of both tenants and landlords are being balanced.

Read how we’re working to make renting fairer:

What the data tells us

  • between 1996 and 2011, the number of Victorian households renting in the private rental sector increased by 50% to more than 435,000 households (Source: ABS, Customised 2011 Census report, 2015)
  • there were 546,891 active tenancy bonds in the September quarter, 2016 – a number that has grown 5.9% annually over the past 10 years (Source: Department of Health and Human Services, Rental Report, September quarter 2016)
  • the rental market is tight and rent has become less affordable. Only 7.6% of new lettings in Melbourne were ‘affordable’ – compared to 30% a decade ago. (Affordable rent is considered to be no more than 30% of household income) (Source: Department of Health and Human Services, Rental Report, September quarter 2016)
  • in regional Victoria, 59.6% of lettings were affordable – but this too is down from 82.7% in 2002 (Source: Department of Health and Human Services, Rental Report, September quarter 2016)