Melbourne has the highest population in Australia being approximately 3.74 million. It is located in the southeastern part of mainland Australia and it has a moderate oceanic climate. The city is colder than most other Australian cities during the winter months. The city is divided into 30 local government areas for administration purposes. The city is home to some of the largest Australian corporation, which includes Telstra, BHP Billiton and the National Australia Bank. With a good industrial and social landscape and a stable real estate market Melbourne is a good place to settle down.
The real estate market in Melbourne is booming and there are innumerable properties, which are available for rent and buy-out. The rent in one of the up-market residential complex Summit is $430 pw. The place is close to the South Melbourne market, Crown Entertainment complex and Southgate shops. The flat has 2 bedrooms, 1 bathroom and total parking for 1 vehicle. In East Melbourne a stylish one bedroom apartment with 1 bedroom and 1 bathroom can cost approximately $350 pw. It all depends on the kind of accommodation that you would love to stay. There are places, which are suited to every budget.
