In line with Consumer Affairs Victoria, monthly rent is calculated as follows:

The weekly rental amount is divided by 7 to determine the daily rental rate, then multiplied by 365 (days per year) to determine the yearly rate and finally divided by 12 to determine the monthly rental amount.

For example, a property is advertised as $200 per week, ($200 divided by 7) is $28.57 for the daily rate. The yearly rate ($28.57 x 365 days per year) is then $10,428.05, and the monthly rate ($10,428.05 divided by 12) makes the monthly rent $869.00.

Also note:

Always round the number to two decimal points (i.e. $$.cc).  If your final figure has more than two decimal points round up or down as shown below:
•    If the third number after the decimal point is 0 to 4, round down.
•    If the third number after the decimal point is 5 to 9, round up.
Example
$180 (weekly rent) ÷ 7 = $25.714285 per day and is rounded down to $25.71

See more info HERE

“Vanessa was very professional throughout our tenancy with Ristic Real Estate, we had all the procedures and formalities explained clearly by her from the time we made the application to the time we moved out of property”   Tenant – Amandeep S