Scenario 1: "I'm listing a room in my Hawthorn property - what should I charge?"
Enter your suburb (Hawthorn or postcode 3122), select room types and features, and the tool returns a current market estimate calibrated to the local co-living market.
Need an indicative room-by-room rental estimate for a Melbourne share house? Use our free rental appraisal tool to explore weekly income, bills impact and net returns before you list, renew or agree to a rent figure. Estimates are indicative only and help you start a more detailed property review with realistic numbers.
Built for Melbourne landlords and tenants who need a quick, indicative room-by-room rental estimate before listing, renewing, or comparing shared accommodation options.
This tool provides an indicative estimate only. It is not a formal valuation, a guaranteed rental return, financial advice, or a legal/compliance assessment. Actual room rents and property suitability can vary by suburb, property condition, room size, furnishings, bathroom access, local demand, and property operation.
Enter room configuration, expected weekly rent and monthly bills, then click Calculate to see your indicative appraisal.
The calculator does not confirm that a property can legally operate as a share house or rooming house. Property classification, council requirements, safety standards, agreements, bonds and other obligations depend on the property and operating model. Check the relevant Victorian requirements and obtain appropriate professional advice where needed.
Use figures that reflect the property's actual condition and the local room market. A large furnished ensuite near transport may attract a different weekly rent than a smaller standard bedroom with a shared bathroom.
Want a professional written appraisal for your bank, insurer, or listing strategy?
Request a Full Professional AppraisalSetting rent too high in Melbourne’s competitive shared housing market costs you in vacancy. Setting it too low leaves yield on the table month after month — and in a share house with multiple rooms, that compounds quickly.
Melbourne's inner-ring suburbs typically command room rents between $220 and $420 per week, depending on room size, amenity, and bills-included arrangements. Middle-ring suburbs (Hawthorn, Brunswick, Footscray) sit in the $190–$320 range. The appraisal tool reflects these gradients-suburb selection matters more than any other single input.
Enter your suburb (Hawthorn or postcode 3122), select room types and features, and the tool returns a current market estimate calibrated to the local co-living market.
Run the tool with your current property details, then compare the estimate to your current rent. If the estimate is above your current rent, the vacancy may be an opportunity to increase; if below, pricing at market will reduce re-letting time.
The online tool provides an informal estimate, not a formal written valuation. For a documented professional appraisal, request a full appraisal and our team will assess your property.
Run the tool once for each room type in your property. A master bedroom with ensuite can command 30–40% more than a standard single room in the same property, giving you a realistic rent roll for the whole home.
The online tool provides an indicative estimate based on the inputs you enter. A detailed share house rental appraisal goes further - reviewing property layout, room suitability, the local room market, proposed weekly rents, setup requirements and operational considerations. For landlords considering a room-by-room rental strategy, a property-specific review helps test whether the calculator assumptions are realistic for the property and local market.
Pair this appraisal with our other calculators for a complete picture of your rental numbers.
The estimate is designed to be directionally accurate, placing your expected rent within the right market range rather than a precise figure down to the dollar. For Melbourne's co-living and share-house segment, the analysis draws on current managed-property data from the Share House Managers portfolio. For binding valuations, request a professional written appraisal from our team.
Yes. The tool is specifically designed for Melbourne's shared accommodation market. You can appraise a single room in a co-living property by considering room size, bathroom access, furnishings, and whether bills are included — all of which significantly affect market rent for a room rather than a whole dwelling.
The tool's market data is regularly reviewed by the Share House Managers team, based on current listing activity and managed-property performance across Melbourne. Estimates reflect recent market conditions, which can shift quarter to quarter in Melbourne's inner-ring suburbs.
This tool provides an instant, self-serve market estimate. A formal rental appraisal involves a licensed property manager reviewing your property and providing a written assessment with market evidence, comparable properties, current demand, and a recommended price range. Formal appraisals are accepted by banks, courts, and insurers.
The tool covers Melbourne's metropolitan area, with the strongest calibration in the inner and middle rings where SHM actively manages properties — including Hawthorn, Fitzroy, Collingwood, Brunswick, Richmond, Prahran, South Yarra, Footscray, and surrounding areas. For outer-suburban or regional properties, request a professional appraisal for the most accurate figure.
They are separate tools for different purposes. The Rental Appraisal Tool estimates what your property should rent for. The Rental Calculator converts a known rent figure between payment periods. Use the appraisal tool first to determine market rent, then use the rental calculator to see how that figure translates across payment frequencies.
You can use the estimate to price your listing directly. If you'd like a second opinion, a professionally written report, or to discuss bringing your property under management, request an appraisal or call us on 03 8393 9396. There is no obligation — the appraisal conversation is free.
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