JANUARY
Insights
reliancere.com.au
TABLE OF
Contents
2 5
WELCOME A message from the CEO Sunil Kumar
ARTICLES Featured articles from the month of January
8
SALES SUMMARY
23
RENTALS ACTIVITY
27
SUMMARY
Featured Sold and On Market listings
Featured Leased and On Market listings
A quick summary of our January
SUNIL KUMAR
CEO/Founder Bigger & Brighter The new year is well under way and has kicked off with the most energised; and empowered start. A magnificent start to the year has seen the extremely successful 2021 LaunchPad. Our theme for 2021 ‘Bigger & Brighter’ is in rapid motion, with a bigger focus on growth; network; exposure; market share; innovation and goals.
Sales Training The Sales induction training has been a dedicated success, covering hot topics such as, Prospecting is the number one thing in Real Estate, Understanding Pre Launch Campaigns; Door Knocking and Nurturing the Database.
Motivation Because we took such a hit with our lifestyles last year; in our ways of working and also our ways of socialising, motivation has been a major focus for me within our Reliance teams since the beginning of the year. ‘Enabling People to fulfil their dreams’ has been the strongest message from me to you, because I believe that ‘our people are you’.
Enhancing your experience Your ‘experience’ has been at the forefront of our focus, and this means 2021 will see the integration of new technologies, such as Office 365, a cloud-based Microsoft platform that contains the Office 365 suite of productivity tools, that help us save time working with documents and information, and to provide differently means communication
Inspiration Inspiration and drive come and goes, but it is our daily habits that create our success, our focus, our practices and our thought patterns. As a CEO, I’m responsible for creating the world that will bring you your best life, these moments are here to provide an inspiration that will lead you forward.
Sunil Kumar CEO/Founder
FEATURED IN JANUARY
Articles
FEATURED IN JANUARY
FUNDINGFORCE.COM.AU
Articles
Annual Financial Checklist Funding Force is here to give you a financial checklist that will help you get your financial priorities this 2021.
amount of your monthly expenses until you manage to improve it from 1 month to 2 months, so on and so forth.
Plan your financial goals.
Review your beneficiaries.
People who are creating detailed and specific resolutions are more likely to achieve their goals than others who don’t. The important thing is that you should set specific short-term and long-term goals and determine the steps on how you’ll be able to achieve them. I recommend you to use this method: SMART (specific, measurable, achievable, results-focused, and time-bound). Saying a generic phrase for your goal (e.g to save money) is not effective and attainable. You should set a specific goal, for example, $900 in three months. That means you’ll need to save at least $300 per month. These types of metrics are one way of monitoring your goals if you’re accomplishing them or not.
Reviewing your financial and health documents are important. As time goes by, a lot of things could happen especially in your relationship with your beneficiaries. The trust and comfortability with someone who will inherit your finances might change through time and certain circumstances. Maybe your relationship with your spouse has come to an end or you had a huge conflict with your loved ones. Situations like these should put into consideration.
Understand your retirement investment plan.
Auto insurance – this insurance is mandated by the law as part of the homeowners’ policy. Auto insurance provides the protection when uncertain times happen in the properties you’re affiliated with. It covers the financial loss/ damage from a crime (theft) or accident. Life insurance – this insurance provides financial assistance for your beneficiaries at the event of your death. It will shoulder the funeral costs and other expenses. Note that all of this is tax-free. One of the reasons that a lot of people tend to ignore this insurance it’s because of the time-consuming and exhausting process behind it. However, if you’re dealing with debts, assets, dependents and spouse then I strongly recommend you to acquire this insurance.
What is the ideal age for you to retire? How much money will you need to sustain your living for the rest of your life? These are the must-answered questions for you to set a target for your retirement goal. But if you’re having difficulties navigating your retirement plans, you can hire a financial planner that could assist you on that matter. In case you’re eager to save more for your retirement plan, you can always increase your contributions to your mandated financial plan. Constant increases from your emergency fund. For those who just made up their mind and realised that saving money is a must. Then you can start saving little by little. We know it’s a hard thing to do especially if you’re facing a lot of bills to pay but don’t worry, any amount of savings will be beneficial as time goes by. Just aim to increase it from time to time until you save the equal
INSIGHTS REPORT JANUARY
Be insured – Insurance coverage. There are 2 types of insurance – Auto insurance and Life insurance.
Having these insurances is the most practical way of financial preparedness in times of uncertainty.
PAGE 5
FEATURED IN JANUARY
RELIANCERE.COM.AU
Articles
Real Estate Market Predictions for 2021 2020 brought some crazy things that happened inside the scope of the housing market. When the first lockdown took place it sparked up a lot of experts to predict a double-digit dip in the real estate market. Unfortunately, those forecasts didn’t live up to the expectations. There are only less than 1% below pre-pandemic levels are on the top. So, what are the things we should expect in the real estate market that bends a lot of expectations? But don’t worry our team is bold enough to seek experts’ opinion on what are the factors to look forward in the property market this 2021. Regional areas will continue to progress. According to BIS Oxford, Economics chief economist Dr Sarah Hunter If local COVID cases remained controlled and unemployment is in stable rate, other communities and detached houses in smaller capitals should not stop the streak. She said there was still plenty of residual demand from buyers capitalising on buyer’s grants and stamp duty concessions while fighting a sense of FOMO. “Falling interest rates improved affordability which helped demand, but supply hasn’t responded all that much yet as the volume of transactions – although they are turning – have not risen anywhere near as much,” Dr Hunter told The New Daily earlier this month. Rental markets will dropdown. According to Suburbanite director Anna Porter. She believes the price range for off-the-plan units or high-rise apartments – will precede. She said it’s largely due to investors is concerned about the health of capital city rental markets and sketchy to purchase a property because the demand from international students remains stagnant.
and prices. Negotiable deals on apartments. Even there are huge numbers of homeowners on deferrals as a safety protocol, suburbs where international students usually reside may become unstable. This is according to Wakelin Property Advisory director Jarrod McCabe “If you’re wanting to be an owner-occupier, it spells opportunity because there could be relatively cheap properties, but whether they’re the right types of property is another matter,” Mr McCabe told The New Daily. Impact of deferrals unlikely to be as strong as predicted. The deferred loan descends from 493,440 in June to 169,677 in November – a huge 66% reduction. According to the Australian Banking Association. CoreLogic head of research Eliza Owen told The New Daily is expecting a rise up on house prices in the first half of 2021, ahead of the conclusion of loan payment holidays. There would be historic rate cuts and programs such as HomeBuilder and the First Home Loan Deposit Scheme. “Other measures are also outweighing any negatives” “The only thing worth noting is when you see incentives for first home buyers, for example, it tends to have a vacuum effect where purchases that may have happened anyway are pulled forward…” “Once these schemes run out, we may see demand slow a little bit, and the other thing that could slow price increases is APRA intervention.” – Eliza Owen, CoreLogic head of research.
Which, consequently, would drag down both demand
INSIGHTS REPORT JANUARY
PAGE 6
FEATURED IN JANUARY
Sales
SELECTION OF
RELIANCERE.COM.AU
Recently Sold SOLD for $900,000
6
4
8
SOLD for $650,000
4
2
2
SOLD $500,000
4
2
2
SOLD for $655,000
4
2
2
SOLD for $608,000
3
2
2
SOLD for $750,000
3
3
2
SOLD for $490,000
5
2
2
SOLD for $530,000
3
2
2
SOLD for $790,000
4
2
2
SOLD for $600,000
4
2
2
10 Broomie Street, Aintree
85 Manooka Road, Brookfield
7 University Road, Truganina
43A Claremont Crescent, Hoppers Crossing
11 Hayley Street, Hoppers Crossing
INSIGHTS REPORT JANUARY
29 Dalwood Circuit, Aintree
36 Himalaya Drive, Diggers Rest
46 Omaroo Street, Truganina
6 Bellbridge Drive, Hoppers Crossing
76 Oleary Way, Maddingley
SOLD for $800,000
4
2
2
SOLD for $760,000
5
2
2
SOLD for $545,000
5
2
2
SOLD for $1,670,000
5
5
6
SOLD for $400,000
3
1
2
1 Aranar Court, Bacchus Marsh
6 Bloxham Court, Hoppers Crossing
6 Corbet Street, Melton South
5 Amstel Court, Hoppers Crossing
34 Plover Street, Melton
PAGE 8
SELECTION OF
RELIANCERE.COM.AU
Recently Sold SOLD for $437,000
3
2
2
SOLD for $585,000
4
2
2
SOLD $710,000
4
3
2
SOLD for $630,000
4
2
2
SOLD for $608,000
3
2
2
SOLD for $750,000
3
3
2
SOLD for $717,000
5
2
2
SOLD for $596,000
4
2
2
SOLD for $885,000
6
4
7
SOLD for $650,000
4
2
2
5 Comic Court, Harkness
35 Lilyturf Drive, Tarneit
7 University Road, Truganina
6 Cross Lane, Aintree
79 Philip Drive, Sunbury
INSIGHTS REPORT JANUARY
19 Endeavour Way, Wyndham Vale
6 Mercantour Boulevard, Tarneit
46 Omaroo Street, Truganina
22 Regal Road, Point Cook
29 Santarosa Avenue, TArneit
SOLD for $670,000
3
2
2
SOLD for $600,000
4
2
2
SOLD for $545,000
5
2
2
SOLD for $595,000
3
2
2
SOLD for $500,000
4
2
2
40 Barber Drive, Hoppers Crossing
5 Radiance Street, Tarneit
6 Corbet Street, Melton South
5 Stanbury Court, Sunshine West
66 Chanticleer Avenue, Harkness
PAGE 9
Sell your home Off-Market with Reliance Appoint your Reliance Agent to launch your Off-Market Selling Campaign.
Over 100 Reliance agents built our buyers database with 60,000+ buyers from all other property related marketing e.g open homes, online portal enquiries.
All other Reliance agents are notified of your property for maximum buyer exposure throughout the network.
Bulk communication is made with all matching potential purchasers via email, SMS & telephone. VIP viewings and private inspections are conducted.
Offers and interest are received & reviewed.
Property is sold or valuable market intelligence is gained for open market release.
INSIGHTS REPORT JANUARY
PAGE 10
RELIANCERE.COM.AU
SELECTION OF
Just Listed No.
Address
Bed Bath Car
1
96 Riverside Concourse, Cobblebank
4
2
2
01/01/2021
Contact agent
2
10 Liriope Green, Caroline Springs
5
5
8
04/01/2021
Contact agent
3
12 Fortune Street, Truganina
4
2
2
05/01/2021
Contact agent
4
5 Plume Place, Point Cook
4
2
2
05/01/2021
5
142 Farm Road, Werribee
4
2
2
05/01/2021 $540,000 - $560,000
6
2/13 Marlo Drive, Harkness
3
3
1
05/01/2021
$399,000 - $429,000
7
54 Rhonda Crescent, Truganina
4
2
2
06/01/2021
Contact agent
8
65 Millbrook Drive, Wyndham Vale
3
2
2
06/01/2021
Contact agent
9
11 Matheson Avenue, Wyndham Vale
4
2
1
06/01/2021
Contact agent Contact agent
10
9 Lancaster Drive, Point Cook
Date
Price
Contact agent
5
2
4
06/01/2021
11
1/4 Brazil Court, Melton West
3
2
1
06/01/2021 $409,000-$429,000
12
87 Caitlyn Drive, Harkness
4
2
2
07/01/2021 $539,000-$569,000
13
19 Tristania Drive, Point Cook
4
2
2
07/01/2021
$750,000-$780,000
14
12 Perkins Avenue, Hoppers Crossing
3
1
4
07/01/2021
Contact agent
15
35 Woolshed Drive, Truganina
4
2
2
16
25 Raleighs Road, Melton
3
1
2
08/01/2021
$410,000
17
112 Yuruga Boulevard, Point Cook
4
2
2
08/01/2021
$800,000
18
10 Horan Way, Weir Views
5
2
2
12/01/2021 $490,000-$520,000
19
4 Portland Avenue, Truganina
3
2
1
12/01/2021 $430,000-$450,00
20
4 Gallop Court, Truganina
3
2
2
12/01/2021
INSIGHTS REPORT JANUARY
08/01/2021 $760,000-$790,000
$540,000-$570,000
PAGE 11
RELIANCERE.COM.AU
SELECTION OF
Just Listed No.
Address
Bed Bath Car
Date
Price
21
84 Grassbird Drive, Point Cook
4
2
2
13/01/2021
Contact agent
22
7/3-11 Retford Close, Werribee
3
1
1
13/01/2021
Contact agent
23
147 Marquands Road, Truganina
5
2
2
14/01/2021
Contact agent
24
11 Stretton Drive, Brookfield
4
2
2
14/01/2021
$670,000
25
23 Guthrie Drive, Melton South
4
2
2
15/01/2021
$499,000-$515,000
26
271 Princes Highway, Werribee
4
2
2
15/01/2021
Contact agent
27
20/51-55 Tullidge Street, Melton
3
2
2
16/01/2021
$359,000-$379,000
28
24 Chartwell Avenue, Truganina
3
2
2
17/01/2021 $550,000 - $570,000
29
24 Becontree Crescent, Strathtulloh
3
2
2
17/01/2021 $420,000-$450,000
30
2/2 Sibley Street, Werribee
3
2
1
19/01/2021
31
30 Coburns Road, Melton South
3
1
1
21/01/2021
32
26 Beckview Crescent, Sunbury
3
2
2
22/01/2021 $520,000- $565,000
33
1/13 Shields Court, Sydenham
3
2
2
25/01/2021
34
12 Perkins Avenue, Hoppers Crossing
3
1
4
35
35 Woolshed Drive, Truganina
4
2
2
36
25 Raleighs Road, Melton
3
1
2
27/01/2021
$410,000
37
112 Yuruga Boulevard, Point Cook
4
2
2
27/01/2021
$800,000
38
48 Grace Street, Melton South
3
1
2
39
4 Buckland Circuit, Werribee
3
2
2
29/01/2021
40
21 Aurich Street, Weir Views
3
2
2
29/01/2021
INSIGHTS REPORT JANUARY
Contact agent $370,000 - $390,000
25/01/2021
Contact agent Contact agent
27/01/2021 $760,000-$790,000
29/01/2021 $420,000-$445,000 Contact Agent
$430,000
PAGE 12
RELIANCERE.COM.AU
SALES TEAM
Meet Our
AJ
Aarti Puri
Abhi Elawadhi
Abhishek Parashar
Ajay Nain
Akash Choudhary
Akhil Kansal
Deepak Walia
Dhruv Chaudhary
Gurmit Singh Aiden
Divyesh Waghela
Harry Patel
INSIGHTS REPORT JANUARY
Donna Carson
Glenda Del Pilar
Inder Vasu
Jd Patel
PAGE 13
RELIANCERE.COM.AU
SALES TEAM
Meet Our
Jessica Leng
Kamlesh Kamani
Kanan Patel
Karan Vejrani
Kaydee Singh
Mavi Singh
Meenu Mehndiratta
Michael Tran
Mick Vashisht
Milan Neotane
Moonah Ahmed
Mukesh Kumar
Nam Duy Tran (danny)
Namneet Walia
Karan Kapoor
Jimmy Gill
INSIGHTS REPORT JANUARY
PAGE 14
RELIANCERE.COM.AU
SALES TEAM
Meet Our
Nik Behl
Nirav Parikh
Nitesh Rana
Pratik Shah
Prince Dhir
Priya Chowdary
Raj Pratap
Rajbir Bains
Ravi Khepar
Rakesh Neotane
Ravi Gupta
Ruban Kaur
Sagar Singh
Sandy Rana
Seemaa Kaur
Rushita Vagdhan
INSIGHTS REPORT JANUARY
PAGE 15
RELIANCERE.COM.AU
SALES TEAM
Meet Our
Shubham Rana
Sunil Kumar
Socorro Gomez
Sushant Peshin
Swati Rana
Taney Jain
Tejveer Singh
Varun Vagdhan
Vik Monga
Vikas Rana
Vee Sharma
INSIGHTS REPORT JANUARY
PAGE 16
FEATURED IN JANUARY
Rentals
OUR JANUARY
RELIANCERE.COM.AU
Leased Properties Compare our results with other local agencies..
CAROLINE SPRINGS
POINT COOK
OTHER AGENCIES
OTHER AGENCIES 5
10
15
20
MELTON
TARNEIT
OTHER AGENCIES
OTHER AGENCIES 5
10
15
20
WERRIBEE
SUNBURY
OTHER AGENCIES
OTHER AGENCIES 5
10
INSIGHTS REPORT JANUARY
15
20
5
10
15
20
5
10
15
20
5
10
15
20
PAGE 20
OUR JANUARY
RELIANCERE.COM.AU
Median Rent CAROLINE SPRINGS
POINT COOK
OTHER AGENCIES
OTHER AGENCIES $300 $350 $400 $450
$300 $350 $400 $450
MELTON
TARNEIT
OTHER AGENCIES
OTHER AGENCIES $300 $350 $400 $450
$300 $350 $400 $450
WERRIBEE
SUNBURY
OTHER AGENCIES
OTHER AGENCIES $300 $350 $400 $450
INSIGHTS REPORT JANUARY
$300 $350 $400 $450
PAGE 21
PROPERTY MANAGEMENT TEAM
Meet Our
Ashlee Sciberras
Bansari Raval
Deepthi Yedla
Isha Monga
Matthew Buller
Nikki Kaur
Rahul Mandhan
Samantha Grima
Sanchit Walia
Serene Lai
Vita Wibianty
Tyra Suemai
INSIGHTS REPORT JANUARY
PAGE 22
RESELECTION
OF
Recently Leased $400
$420 per week
LEASED
146 Stonehill Drive, Maddingley
4
2
LEASED
2
7 Tilton Street, Truganina
4
$370
45 Gala Avenue, Wyndham Vale
4
2
2
LEASED
8 Watagan Street, Tarneit
4
4
2
2
LEASED
27 Bristol Street, Strathtulloh
3
3
2
1
LEASED
39 Saltbush Crescent, Brookfield
4
3
1
2
2
LEASED
5
3
3
3 Mabel Crescent, Mount Macedon
$340
2
per week
2
LEASED
Unit 4/12-13 Bunya Place, Werribee
3
2
LEASED
22 Eltham Parade, Manor Lakes
INSIGHTS REPORT JANUARY
4
2
1
per week
2
LEASED
31 Kentwell Street, Truganina
4
2
2
$450
per week
2
2
$425
$370
per week
13 Tanilba Street, Werribee
1
per week
$330
LEASED
1
$370
per week
4 Amble Way, Weir Views
3
95 Station Road, Melton South
per week
$350
LEASED
LEASED
$360
per week
10 Dabinett Street, Tarneit
1
per week
$400
LEASED
2
per week
$420
per week
LEASED
$330
per week
per week
2
LEASED
25 Bronze Street, Tarneit
4
3
2
PAGE 23
SELECTION OF
RELIANCERE.COM.AU
Recently Leased $520
$390
per week
LEASED
9 Arkaba Way, Werribee
5
3
2
LEASED
1 Vibe Road, Tarneit
4
$380
7 Rain Lover Drive, Kurunjang
3
2
2
LEASED
25 Diamantina Way, Cobblebank
3
4
2
2
LEASED
29 Greenleaf Circuit, Tarneit
4
4
2
2
LEASED
25 Iluka Drive, Werribee
3
4
2
2
2
2
LEASED
30 Restful Way, Rockbank
3
INSIGHTS REPORT JANUARY
LEASED
4/66 Duncans Road, Werribee
2
1
2
2
$390 per week
2
LEASED
46 Willmott Drive, Hoppers Crossing
4
2
2
$380 per week
2
LEASED
Tangelo Terrace, Werribee
4
2
2
$390
per week
2
2
per week
$300
per week
17 Chorley Street, Strathtulloh
2
2
$360
per week
$420
LEASED
3
$350
per week
654 Armstrong Road, Wyndham Vale
29 Christopher Crescent, Melton
per week
$400
LEASED
LEASED
$380
per week
15 Mopane Circuit, Wyndham Vale
2
per week
$370
LEASED
2
per week
$350
per week
LEASED
$330
per week
per week
1
LEASED
11 Patchouli Street, Truganina
3
2
PAGE 24
1
SELECTION OF
RELIANCERE.COM.AU
Just listed No.
Address
Bed Bath Car
Date
1
85 Barron Street, Tarneit
3
1
2
36 Harlem Circuit, Point Cook
3
2
1
05/01/2021
$360 Per Week
3
80 Bruckner Drive, Point Cook
4
2
2
05/01/2021
$410 Per Week
4
35 Lay Street, Tarneit
4
2
2
06/01/2021
$400 Per Week
5
17 Vicky Court, Point Cook
3
2
2
07/01/2021
$420 Per Week
6
27 Eaglemont Way, Werribee
4
3
2
08/01/2021
$475 Per Week
7
25 Iluka Drive, Werribee
3
2
2
11/01/2021
$350 Per Week
8
11 Patchouli Street, Truganina
3
2
1
11/01/2021
$390 Per Week
9
46 Willmott Drive, Hoppers Crossing
4
2
2
12/01/2021
$390 Per Week
10
8 Tangelo Terrace, Werribee
4
2
2
13/01/2021
$380 Per Week
11
10 Rockson Drive, Truganina
4
2
2
13/01/2021
$410 Per Week
12
58c Tom Roberts Parade, Point Cook
3
2
2
13/01/2021
$395 Per Week
13
13 Yamada Street, Truganina
4
2
2
13/01/2021
$410 Per Week
14
Unit 82/27 Turva Avenue, Tarneit
2
1
1
15/01/2021
$330 Per Week
15
1 Bottlebrush Drive, Hoppers Crossing
3
1
2
18/01/2021
$340 Per Week
16
16/2 Rockgarden Drive, Truganina
3
2
2
18/01/2021
$370 Per Week
17
44/27 Turva Avenue, Tarneit
2
1
1
18/01/2021
$330 Per Week
04/01/2021
Price $340 Per Week
18
3/44 Fitzroy Street, Altona Meadows
2
1
1
18/01/2021
$370 Per Week
19
66 Westcott Parade, Rockbank
3
1
2
21/01/2021
$350 Per Week
20
1/78 Westmeadows Lane, Truganina
3
2
1
20/01/2021
INSIGHTS REPORT JANUARY
$380 Per Week
PAGE 25
SELECTION OF
RELIANCERE.COM.AU
Just listed No.
Address
Bed Bath Car
Date
Price
21
51 Newforest Drive, Aintree
4
2
2
20/01/2021
22
43 Mapleton Boulevard, Melton South
2
1
1
21/01/2021
23
2B Sedgefield Avenue, Truganina
4
2
2
22/01/2021
$380 Per Week
24 25
2 Airfield Grove, Point Cook Unit 5/66 Duncans Road, Werribee
INSIGHTS REPORT JANUARY
$430 Per Week $340 Per Week
4
2
2
28/01/2021
$420 Per Week
2
1
1
28/01/2021
$310 Per Week
PAGE 26
PROPERTY MANAGEMENT
RELIANCERE.COM.AU
Summary 72 86
LEASED PROPERTIES
LEASED LISTINGS
96%
TENANTS PAY ON TIME
INSIGHTS REPORT JANUARY
PAGE 27
RELIANCERE.COM.AU
SALES
Summary 99
PROPERTIES SOLD
$61.6M 128
WORTH OF PROPERTY SOLD
PROPERTIES LISTED
INSIGHTS REPORT JANUARY
PAGE 28
RELIANCE HQ 10/22-30 Wallace Avenue Point Cook VIC 3030 (03) 8372 2018 hq@reliancere.com.au