PM July-Aug 2023

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Rental Market Update

July - August 2023 Review

Our purpose

To create a place where we can facilitate our people’s growth.

Our values

Family.

Our colleagues are our broader family, assist when needed and when in need.

Mutuality. Respect our colleagues and our clients as you would like to be respected.

Realising potential. Unlock your full potential, encourage and support your colleagues.

Embrace change. Strive for excellence; be open minded and willing to embrace change.

Health and energy. Work towards being well balanced within yourself.

From our corporate director

Selling a house in the spring is a strategic choice that offers several advantages to both sellers and buyers. As the cold winter months recede and nature awakens, the real estate market experiences a surge in activity during the spring. This season's attributes, such as improved weather, longer daylight hours, and vibrant landscapes, create an appealing atmosphereforshowcasingproperties.

One key benefit of selling a house in the spring is enhanced curb appeal. With flowersbloomingandlawnsregainingtheir lush green color, homes present themselves in their best possible light. The brighter, natural illumination that accompanies longer days accentuates the positive features of a property's interior, makingitmoreinvitingtopotentialbuyers.

The timing of the spring season also aligns favorably with various factors. Families often aim to relocate during the summer break to minimize disruption to their children's education. By listing homes in the spring, sellers cater to this demographic,potentiallyattractingalarger poolofinterestedbuyers.

Additionally, the optimism associated with spring can influence buyers' decisions. The season symbolizes renewal and positivity, creating a conducive atmosphere for making substantial commitments like purchasing a new home. Moreover, many individuals receive tax refunds during this time, providing them with the financial means necessary for down payments and other expenses associated with buying a house.

A higher inventory of homes on the market during the spring can foster a competitive environment, encouraging buyers to make quicker decisions and possibly leading to more favorable offers for sellers. The combination of increased buyer activity and a sense of urgency oftenresultsinefficientsalesprocesses.

While selling a house in the spring offers numerous advantages, local market conditions, economic factors, and individual circumstances should also be considered. Collaborating with a real estate professional who possesses a deep understanding of the local market dynamics can help sellers maximize the benefits of listing their homes during this season. In essence, spring's unique blend of weather, timing, and positive sentiment creates an opportune environment for both buyers and sellers in the real estate market.

August report
ThankYou

Do you have an investment property?

Step1:Assessment Simplycallandspeakto oneofourexperienced Contactourgrowth specialistJoshwhowill reviewandassess, collectingsome informationto commencethehand overprocess.

Step2:Authorise Atthisstage,wewill gatherallrequired documentation authorisingourteamto takeoverthefileand beginanindepth analysisofyourproperty.

Step3:OBrienReal EstatehandoverWetake itfromhere,contacting allpartiesinvolvedand arrangingfullassessment andfilehandover.All whilecommunicating withyourrenter schedulinganonsite inspectionand/or introduction.

Bridget Daly

PM Growth Specialist 0488 224161

OBrien Real Estate 5995 0500 I @obre.com.au

Josh Barbut

PM Growth Specialist 0439 782 898

OBrien Real Estate 8794 0500 32 I @obre.com.au

to us ... it's easy.
Transfer management

Rental review

54

Rental provide/ property owners have chosen us

$525

Average median rent per week

5,776

Renter enquiries

115,149

Property views

168

Leasing inspections conducted

106

Properties leased

13

Average days on market

2,750

Renter applications received

11,462

360 degree tour viewed Vacancy rate

0.80%

A snapshot of last months leases.

We lease more.
Price per week Price per month July - August 2023 Review Suburb Address 45FlanaganClose 15/241SoldiersRoad 6SakuraDrive 156TelfordDrive 78HomesteadRoad 20SaintlyGrove 21KurandaCrescent 15CheviotAvenue 2AtlanticPlace 6/133BemersydeDrive 2VanDerHaarAvenue 50StrathavenDrive 11MorelloPlace 26BlakeStreet 4TyntynderClose 4MichelleDrive 3/3PaddingtonTerrace 25LawrenceDrive 11RaneenPlace 3BayleafStreet 14RiverwoodDrive 49RoyalStGeorgeChase 59BeazleyRoad 6McCleanAvenue 65CreeksideStreet 2GianStreet 8DablamStreet 11FullbackRoad 245HonourAvenue 15LangshanRoad 10SerengetiStreet 1675PoundRoad 24LeghornWay 33AzzamStreet 15VentassoStreet ArmstrongCreek Beaconsfield Beaconsfield Berwick Berwick Berwick Berwick Berwick Berwick Berwick Berwick Berwick Berwick Berwick Berwick Berwick Berwick Berwick Berwick Berwick BotanicRidge BotanicRidge Cardinia Clyde Clyde Clyde Clyde Clyde ClydeNorth ClydeNorth ClydeNorth ClydeNorth ClydeNorth ClydeNorth ClydeNorth 4 2 2 4 4 2 3 2 2 4 2 2 4 3 1 3 2 2 4 2 2 3 1 2 3 2 3 3 1 2 3 1 2 3 1 2 4 2 2 4 2 2 4 2 2 4 2 2 3 2 2 4 2 1 3 2 2 4 2 2 3 2 2 3 2 2 6 3 0 4 2 2 3 2 2 4 2 2 4 2 2 3 2 2 4 2 2 4 2 2 4 2 2 4 2 7 3 2 2 4 2 2 4 2 2 $550 $615 $550 $550 $550 $480 $575 $480 $550 $450 $450 $450 $475 $530 $580 $595 $650 $800 $525 $570 $460 $540 $1,150 $750 $490 $550 $600 $500 $580 $520 $570 $750 $480 $550 $525 $2,389 $2,672 $2,389 $2,389 $2,389 $2,085 $2,498 $2,085 $2,389 $1,955 $1,955 $1,955 $2,063 $2,302 $2,520 $2,585 $2,824 $3,475 $2,281 $2,476 $1,998 $2,346 $4,996 $3,258 $2,129 $2,389 $2,607 $2,172 $2,520 $2,259 $2,476 $3,258 $2,085 $2,389 $2,281
A
Price per week Price per month July - August 2023 Review Suburb Address 23SloaneDrive 6PlymouthBoulevard 172StGermainBoulevard 26KilmarnockWay 3MosedalePlace 1/35EvelyneAvenue 57CircleDriveS 18FerndownDrive 7DianneCourt 2/8GraceStreet 2OtoolesRoad 1/17RussellStreet 11GlenwoodCourt 12ArtfieldStreet 20QuattroAvenue 17VillagerStreet 14RoyaloakCrescent 12ArtfieldStreet 30MarinerClose 10/10MicklehamDrive 5PaxfordDrive 83DuffStreet 1TalmaPlace 21RemusCircuit 9/4-6KeysStreet Unit2/315StudRoad 23FlorianaAvenue 3HarmonDrive 1WaterviewClose Unit2/8PrestonAvenue 3OrkneyClose 6RossiterAvenue 14KilberryCrescent 104PoundRoad ClydeNorth ClydeNorth ClydeNorth ClydeNorth ClydeNorth Cranbourne Cranbourne Cranbourne Cranbourne Cranbourne Cranbourne Cranbourne Cranbourne CranbourneEast CranbourneEast CranbourneEast CranbourneEast CranbourneEast CranbourneNorth CranbourneNorth CranbourneNorth CranbourneWest CranbourneWest CranbourneWest Dandenong DandenongNorth Dovetone Drouin Drouin EndeavourHills EndeavourHills EndeavourHills Hallam HamptonPark $470 $460 $460 $480 $520 $390 $460 $530 $480 $350 $450 $460 $480 $390 $575 $460 $550 $410 $520 $420 $480 $425 $500 $555 $330 $420 $400 $490 $540 $420 $500 $460 $530 $430 $2,042 $1,998 $1,998 $2,085 $2,259 $1,694 $1,998 $2,302 $2,085 $1,520 $1,955 $1,998 $2,085 $1,694 $2,498 $1,998 $2,389 $1,781 $2,259 $1,825 $2,085 $1,846 $2,172 $2,411 $1,434 $1,825 $1,738 $2,129 $2,346 $1,825 $2,172 $1,998 $2,302 $1,868 3 2 2 2 1 1 2 2 1 3 2 1 3 2 2 2 1 1 3 2 1 4 2 2 3 2 2 2 1 1 3 2 3 3 3 1 3 1 6 3 2 1 4 2 2 4 2 2 4 2 2 3 2 1 4 2 2 4 1 2 3 2 1 3 1 1 4 2 1 4 2 2 2 1 1 3 1 1 3 1 1 4 2 2 4 2 2 2 1 1 4 2 2 3 2 2 4 2 2 3 1 2
We lease more.
snapshot of last months leases.

We

more. A snapshot of last months leases.

Price per week Price per month July - August 2023 Review Suburb Address 15PrincessMariaPlace 13SallysRun 8JulieCourt 21GlengarwynRoad 6EvergladesStreet 5LattaRoad 2/1ArgusCourt 8MurdochAvenue 1FairleighCourt 7StJamesCourt 96DarlingWay 47PentlandDrive 1/19SweetGumAvenue 8PlymtreeCourt 66HalcyonWay 2ImperiaClose Unit7/13JoyParade 8/13JoyParade 1/2WaraClose 3/13JoyParade 11TagoreWalk 37FairweatherParade 45KobaWay 14AdlerStreet 27KobaWay 13MirabelleStreet 2/8PomegranateWay 53SpringCircuit 49BluehillsBlvd 21PearceCourt 1003/107BeachStreet 105/85MarketStreet 5TasmanClose 30MinsterAvenue 24MangroveStreet 21AirmaidDrive HamptonPark HamptonPark Langwarrin Leopold Lyndhurst NarNarGoon NarreWarren NarreWarren NarreWarren NarreWarren NarreWarren NarreWarren NarreWarren NarreWarrenSouth NarreWarrenSouth NarreWarrenSouth NoblePark NoblePark NoblePark NoblePark Officer Officer Officer Officer Officer Pakenham Pakenham Pakenham Pakenham Pearcedale PortMelbourne SouthMelbourne WantirnaSouth Warragul Warragul WilliamsLanding 3 1 2 3 2 1 4 2 2 3 1 3 4 2 2 5 2 12 3 2 2 3 2 2 4 2 2 3 1 2 3 1 4 3 2 2 3 2 2 4 2 2 5 3 14 5 2 2 2 1 2 2 1 1 2 1 1 2 1 1 2 2 1 3 2 1 4 2 2 4 2 2 4 2 2 4 2 2 2 2 1 4 2 2 4 2 2 3 2 2 2 2 2 1 1 1 3 2 4 4 2 3 4 2 2 3 2 1 $400 $470 $650 $460 $560 $850 $520 $550 $570 $450 $490 $530 $490 $660 $990 $550 $310 $290 $385 $300 $450 $480 $540 $550 $575 $500 $420 $500 $430 $400 $950 $440 $580 $550 $545 $480 $1,738 $2,042 $2,824 $1,998 $2,433 $3,693 $2,259 $2,389 $2,476 $1,955 $2,129 $2,302 $2,129 $2,867 $4,301 $2,389 $1,347 $1,260 $1,673 $1,303 $1,955 $2,085 $2,346 $2,389 $2,498 $2,172 $1,825 $2,172 $1,868 $1,738 $4,127 $1,911 $2,520 $2,389 $2,368 $2,085
lease

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5 reasons why OBrien

Reason #1 Access to more renters.

Inter-office promotion and selling increasing your property’s exposure. Latest prospective renter database.

Reason #2 Experience, integrity and knowledge.

Local area specialists, highly skilled and trained property managers across all offices.

Reason #3

Faster leasing time. Our low days on market can translate into marketing savings. Less time on market ensures you receive the best possible price.

Reason #4

Constant improvement. All property managers receive specialist industry training and have regular meetings.

Reason #5

Specialised marketing.

Professional photography and lease boards, utilising Australia’s premier real estate websites.

Bridget Daly 0488 224 161

Josh Barbut 0439 782 898

Management

Our property management team Currently for lease Berwick Cranbourne Narre Warren Berwick 97070556 56-58 High Street berwick@obre.com.au Cranbourne 59950500 Cranbourne Park Shopping Centre FS005/125 S Gippsland Hwy cranbourne@obre.com.au NarreWarren 8794 0500 32 Overland Drive narrewarren@obre.com.au Rental Market Update

Our network

40 offices and growing

The quality of our service stems from the importance we place on the people behind our network.

Cranbourne Mornington Rye Endeavour Hills Frankston Langwarrin Somerville Hastings Narre Warren Mentone Keysborough Chelsea Carrum Downs Berwick Tecoma
Pakenham Oakleigh Sydenham Corporate Preston / Reservoir Brighton Werribee
Melton Deer Park
San
Wonthaggi Croydon Wantirna Vermont BlackburnRingwood Cairns & Beaches Bairnsdale Drouin Warragul Far North Queensland Eastern Victoria Wangaratta Alexandra Wodonga Northern Victoria obre.com.au
/ Belgrave / Olinda
Torquay
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