Chosen your course and campus? The next step in the process is selecting the best student accommodation option.
Some students will decide to remain at home – if you can get from bed to your next lecture in under an hour, there’s little motivation to leave the comfort of your family home. But if you need to relocate to study, you will have a greater need to move. If you’re deciding on accommodation, ask yourself the following questions:
Can I afford to move?
Your ability to pay for accommodation is going to vary depending on your financial situation. Is the option you have in mind within your budget? Can you see yourself sustaining payments for this accommodation over a longer period? You might find some nice properties at the higher end of the rent scale, but if a big bill comes up that needs payment urgently, this can make life difficult.
A common mistake students make when comparing student accommodation options is forgetting to factor in the cost of utility bills. A private rental may seem to be a cheaper option than student accommodation or home-stay, but don’t forget to factor in the cost of your utilities – things like water, gas, electricity and internet. If you rent further away from your campus, you may need to look at buying a car, and cars have their own associated costs.
Is location important for me?
For students, one of the most crucial considerations when choosing student accommodation is location. What kind of lifestyle are you looking for? Would you like to be able to walk to campus? Or would you prefer to drive? Look at the public transport options in the area to help you make a decision.
Will this shared accommodation option suit my lifestyle?
If you love peace, quiet and time to yourself, you might not love the idea of living in a house of 4-5 people. In this case, it could be worth adding a little to your budget to find somewhere with less people. Do you have any specific requests for your next move? Is it important that you’re close to a gym, or do you need easy access to a train station?
Are you ready to commit to this accommodation option?
If you’re planning to rent and sign a lease, or sign an agreement with your institution, you should consider whether it’s something that you want to commit to. Consider (and reconsider) the people you choose to live with – are they the people you want to live with for the long-term?
Rent.com.au is Australia's largest company dedicated to renters and is owned and operated by ASX-listed Rent.com.au Limited (RNT:ASX). For over 15 years, Rent.com.au has exclusively focused on making renters' lives easier by making it easier to find a property, secure it, move in and pay rent.