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How Much Could Your Victorian Property Earn?

Our AI-powered calculator analyses your suburb, property type, and room configuration to deliver a personalised per-room earnings estimate in under 2 minutes.

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Get Your Personalised Estimate

Enter your property details — suburb, number of rooms, and basic amenities — and receive an instant breakdown of what each room could earn per week.

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Suburb Guide

Typical Room Rental Rates Across Melbourne

Per-room weekly rates vary significantly by suburb. These ranges reflect current market conditions for furnished rooms in well-managed sharehouses.

Melbourne CBD

$250–$380/wk

Fitzroy / Collingwood

$230–$340/wk

St Kilda / Prahran

$220–$330/wk

Brunswick / Carlton

$210–$310/wk

Richmond / Cremorne

$230–$350/wk

Footscray / Seddon

$180–$270/wk

South Yarra / Toorak

$270–$400/wk

Preston / Thornbury

$190–$280/wk

Ranges are indicative and based on 2024–2025 market data. Your actual earnings depend on room size, furnishing, and amenities.

Pricing Factors

What Determines Your Room Rental Income

Our calculator weighs these factors to produce your personalised estimate.

Location & Transport

High impact

Proximity to public transport, CBD, universities, and employment hubs significantly impacts what you can charge per room.

Room Size & Furnishing

High impact

Furnished rooms with built-in wardrobes command 15–25% higher rents. Ensuite bathrooms add another 10–20% premium.

Shared Amenities

Medium impact

Quality of kitchen, living areas, laundry facilities, and outdoor space. Modern, well-maintained common areas attract better tenants.

Internet & Utilities

Medium impact

Including high-speed internet and utilities in the rent simplifies billing and can justify a 5–10% premium.

Number of Housemates

Medium impact

Fewer tenants per property generally allows higher per-room rates. A 3-person house often achieves better per-room returns than a 6-person house.

Seasonal Demand

Variable

January–March sees peak demand from university students and new arrivals. July–August is typically quieter with lower competition.

Example Earnings Scenarios

Real-world examples of what Victorian landlords can expect from room rentals.

2-Bedroom Home

Brunswick · 1 room rented

$953/mo

$220/wk · $11,440/yr

Calculate yours

3-Bedroom Home

Richmond · 2 rooms rented

$2,340/mo

$540/wk · $28,080/yr

Calculate yours

4-Bedroom Home

Footscray · 3 rooms rented

$2,730/mo

$630/wk · $32,760/yr

Calculate yours

Related Resources

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Free, no-obligation earnings estimate tailored to your Victorian property. Takes under 2 minutes.

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