Securing reliable tenants is a crucial aspect of property investment, and as of December 2025, the process in Melbourne involves a combination of thorough screening and utilising professional property management services.
Currently in Melbourne, the rental market is competitive, with median dwelling values around $823,495. Prospective tenants typically seek properties that present well and offer convenient access to amenities – a key consideration in the Eastern Suburbs, where proximity to schools, parks, and train stations is highly favoured. Property managers, like those at Fletchers, handle tenant applications, conducting comprehensive background checks including employment verification, rental history, and ID checks. In 2026, digital application platforms are standard, streamlining the process. Expect a typical rental campaign to run for 2-3 weeks, with thorough property inspections. Rental yields in the Eastern Suburbs currently range between 2.5% and 3.5%, influenced by property type and location. Fletchers’ multi-lingual agents are particularly adept at reaching a broad range of potential tenants, reflecting Melbourne’s diverse population. It’s important to realise that thorough tenant selection is an ongoing process, with regular property inspections conducted throughout the tenancy.
Finding quality tenants in 2026 relies on a proactive, detail-oriented approach and leveraging the expertise of a local property management team.