How to pay rent or bond?

Should you be successful in your application, then to secure the townhouse unit we will ask for two (2) weeks rent in advance plus full bond payment equal to four (4) weeks rent, totaling six (6) weeks rent. The rent payment will cover the period from the commencement of the tenancy.

Payment methods

As we do not handle cash due to security, there are three (3) options for making a payment such as rent:

  • Internet bank transfer, or
  • Direct deposit at any Westpac bank.

If you would like to deposit your rent directly at a Westpac bank then you simply go down to the bank and fill in a deposit form and deposit the money. The Trust Account details will be provided to you at the start of your tenancy. Always keep your deposit receipt on the left hand side of the deposit form as proof of payment. Quite often the bank may leave your reference number off your payment and make it difficult for us to track down which tenant made the payment. This deposit receipt will make it easier for us to identify any missing payments.

If you would like to make payment over the internet using netbanking, then Trust Account details will be provided to you at the start of your tenancy.

Payment periods

For the payment of rent, we prefer the rent to be paid fortnightly or monthly to reduce the amount of processing required and to minimize bank fees, however if you struggle to manage your rent payments then weekly rent payments are fine. All other payments can be made as invoiced.

Payment categories

In order to determine the purpose of the tenant payment, such as rent, bond, or water, please use the following bank reference and initials for your townhouse unit. If paying over the internet then if you live in Unit 03 your bank reference should be V003 RENT {initials} as the unique reference, so if the tenant is Troy Edwards of unit 003 then the reference should be V003 RENT TE or V003 RENT TROY. What ever you do please use the same consistent bank reference which makes it easier for us.

If you are paying at a Westpac bank then we ask you to enter 999 003 as the unique reference. Please keep the bank payment receipt for proof of payment!!!

For irregular payments such as Water which is due every 3 months we prefer an individual payment and payment reference, ie V003 WATER TE.

Payment categoryRental rewards / internet referenceWestpac deposit reference
RentV003RENT {initials}999 003
BondV003BOND {initials}888 003
WaterV003WATER {initials}777 003
Repairs & maintenanceV003RM {initials}666 003
MiscellaneousV003MISC {initials}555 003