When your lease is up, the decision isn’t just about accepting a rent increase. It’s about weighing the cost of moving against what you gain, or give up, by staying put.
With Adelaide’s vacancy rate sitting at a record low of 0.8%, rental decisions are more complex than ever. What might seem like the cheaper or easier option on the surface could come with hidden trade-offs that impact your finances, lifestyle, and peace of mind.
The lifestyle audit
The first step in calculating the true cost of moving is understanding why you’re considering it. Are you staying in your current rental because it works for you, or because it’s familiar?
Think about whether the property still supports your day-to-day needs. Have your circumstances changed? Would relocating bring you closer to work, better schooling, or more of the lifestyle you want?
Then ask: is that gain worth the cost? While moving brings disruption, it might offer a long-term payoff that improves your quality of life.
The cost of moving: logistics and expenses
Before making a decision, get clear on the practical costs. Everyone’s situation is different, but here are some common moving expenses:
- Removalists or DIY hire: Depending on your choice, you’ll either save money or save your back.
- End-of-lease cleaning: Whether you do it yourself or hire professionals, it’s still a time or financial cost.
- Utility reconnections: Expect fees for new electricity, internet, and gas accounts.
- The bond gap: You’ll likely need to lodge a new bond before your old one is refunded, which can affect short-term cash flow.
Even with careful planning, the cost of moving tends to be higher than most people expect. So, how do you calculate the true cost of moving?
What does it look like over 12 months?
Zoom out and compare the full year ahead.
If you stay, calculate your total rent for the next 52 weeks with any proposed increases. If you move, add up the rent on a new property over 12 months, then include all relocation expenses, big and small.
Then ask: does the new property offer enough of a lifestyle improvement to justify the difference? Will it cost more, less, or roughly the same to live somewhere better suited to your needs?
This is where the real decision lies, not just in a weekly rent figure, but in what that cost unlocks or limits.
The bottom line about the cost of moving
Every rental decision involves trade-offs. For some households, staying means stability and predictability. For others, moving is a chance to upgrade their lifestyle or financial position, even if it comes at a short-term cost.
The smartest choice isn’t always the cheapest, it’s the one that fits your goals, your budget, and your stage of life. Understanding the full cost of moving is what helps you make it.
Reach out to our friendly team for all your property management needs.
The information provided in this post is for general informational purposes only and does not constitute financial, legal, or professional advice. AMKAR Real Estate is not providing financial advice. Every individual’s financial situation is unique. We strongly recommend seeking independent professional advice from a qualified financial advisor, accountant, or legal expert to ensure any decisions made are in line with your specific financial situation.