NOVEMBER
Insights
reliancere.com.au
TABLE OF
Contents
2 5
WELCOME A message from the CEO Sunil Kumar
ARTICLES Featured articles from the month of November
10
SALES SUMMARY
25
RENTALS ACTIVITY
35
SUMMARY
Featured Sold and On Market listings
Featured Leased and On Market listings
A quick summary of the month
SUNIL KUMAR
CEO/Founder The Reliance team has recognised the importance of the turning point for the economy going into the holiday season and the teams are embracing the exciting recovery mode and fast rebound of strong conditions going forward with Victoria out of lockdown for a month.
The Reserve Bank of Australia has cut the cash rate to 0.1% at the start of November, the lowest level ever. Property searches tend to respond positively to interest rate cuts and this has a flow-on effect for pricing. The Victorian government has announced a temporary stamp duty relief for those purchasing property up to $1m and is set to waive up to 50% of stamp duty on newly built homes of up to $1m until June 30 2021. Existing homes will be eligible for a 25% waiver. The news is likely to drive competition and impact property prices positively.
The rental team has 61 new listings, 56 leased listings and 967 potential tenant enquiries. Over the coming weeks rental demand is likely to continue to drift lower as we get nearer to Christmas and New Year. Rental demand typically spikes in mid- to late January, with the first quarter of each year being the most active for lease renewals.
While buyer demand has been falling, over recent weeks, around the country, it is still 38.1 per cent higher than it was at the same time last year, and demand for houses is 38.8 per cent higher than last year and unit demand is up 35.5 per cent. But at Reliance, we have had incredible success as November has been an amazing month for our team with the return of onsite inspections coming out of the lockdown period, with a staggering 146 properties under contract, 134 new listings and 1375 potential buyer enquiries.
We are motivated; excited and as always committed to our clients and with the easing of restrictions it is wonderful to be back out in the community serving our clients and returning investors to the market. Stay safe and well and have a wonderful festive season.
Sunil Kumar CEO/Founder
FEATURED IN NOVEMBER
Articles
FEATURED IN NOVEMBER
FUNDINGFORCE.COM.AU
Articles
What is the Stock Market? By simple definition, the stock market is an aggregation of people who intend to buy a stock (also known as shares) of a company. In the stock market, you can be a shareholder of Woolworths Supermarkets, Subway, Telstra, and other corporations as well. Why do companies sell their company shares? It’s because they want to raise more money to grow the company even more. Through selling shares in public, they can get a lot of shareholders that can contribute to building more factories, buildings, branches, hiring more people, and so on. What you can get from buying a company share? A stock market is also a form of investment. Aside from owning a tiny percentage of a particular company. It means that you can earn money from it. Note that not all investments will guarantee a huge income. It’s not easy money as it takes a lot of time and will always depend on the business’ performance. It’s important to do some research on the business or company before you invest your money in it. How to earn in the stock market? You can earn money from the stock market in two ways: 1. Dividends – An annual income from the company you’ve bought a share with. A good performing company is giving dividends to its shareholders once or more times a year. A dividend could be cash or another stock/shares for free. 2. Selling of stocks/shares – Your stock/share could have an increase in value over time. For example: If you bought a share last month at a price of $2 per share and let’s say you bought 1,000 shares ($2,000). Luckily, the company performs very well this month to the point that it risen its share price from $2 to $3 (1$ increase) so that means the 1,000 shares you bought last month will have a value of $3,000 and if you will sell it in the stock market you will earn $1,000 in just a month. How to invest in the stock market? Nowadays it is very easy to invest in the stock market because of the technology we have today. With the use of a smartphone through apps or websites, you will now be able to invest in the stock market in the most convenient way possible. Apply to leave the tenancy if they want to for financial hardship, without paying fees for breaking the lease; or Stay and negotiate a rent reduction with you. We appreciate this is a really challenging time. To get through this crisis, all of us will have to work together. Under this reform, landlords will not be able to evict tenants, except in specific exceptional circumstances (including if tenants damage the property, use it for criminal activity, or serious violence occurs).
INSIGHTS REPORT NOVEMBER
PAGE 5
FEATURED IN NOVEMBER
FUNDINGFORCE.COM.AU
Articles
Mortgage Broker vs Direct to the bank Do you have a plan of getting a housing loan or refinance for your dream house? If yes, this article is for you! In this blog, we will explain the differences between having a Mortgage Broker and applying for a home loan directly to the bank. What’s the edge of having a Mortgage Broker than having yourself applying directly to the bank? 1. There’s a lot of options – A mortgage broker like Funding Force will offer you a wide range of loan services to choose from as we are cooperating with numerous significant banks all over the country. If you go to a bank just by yourself. All you can see is their service. So you have no choice. But if you’ll put the loaning matters on the Mortgage Brokers, you will be free to choose any bank and services you want because we are not an agent of any banks. We will give you a lot of options that is perfectly fit your needs, and we will help you to choose the most affordable housing loan that is suitable for your livelihood. 2. It saves more money – If you’ll have a lot of options, you are more likely to have good budgeting with your expenses and saves more money because you’ll be able to know the best options for you in accordance with your standard of living or financial capability. You’ll be able to save more money with Funding Force because the application fee is free while in banks you’ll need to pay for processing/filling/application fee but with Funding Force it’s all free. 3. Qualification – This is an important part of a housing loan application. If you don’t have the mortgage broker’s assistance like Funding Force. You will be having difficulties with determining if you are a qualified borrower or not and you’ll be required to complete the whole application process just to make sure if your qualification is approved or not. But with Funding Force, you’ll likely know if you’re qualified within a short amount of time (just a matter of minutes) and you don’t have to go directly to some various banks just to know it. 4. Convenience – Applying for a housing loan is a time-consuming and busy thing to do, most of the time you’ll still need to go back and forth to the bank just to know if they will accept the documents you’ve brought or not. But with Funding Force, you will only be sent to the bank once your housing loan is approved. So that you can sign the final documents needed to release the money. You will save more time and money as you wouldn’t need to go to the banks, bank and forth. You don’t even have to spend your whole day just waiting for their decision. Funding Force will do all this for you. Mortgage brokering is a smart way for you to acquire a housing loan. What are you waiting for? If you want to acquire your dream house, contact us now!
INSIGHTS REPORT NOVEMBER
PAGE 6
FEATURED IN NOVEMBER
RELIANCERE.COM.AU
Articles
Lockdown 2020 Learning’s and Realisations As we head into the re-emergence of our pre-lockdown lives, heading back into the office is a fabulous time to reflect on what we’ve learned during the long lockdown period. In many ways, this lockdown has been a blessing for us, specifically in Australia. There has been the long-awaited relaxation and rejuvenation gifted to us and some of the most important blessings were for us to be able to connect with our loved ones; family and friends, as well as nature around us. But perhaps most importantly, for me, I have found a new connection to myself. Here are my top learning’s; in an actual sense they are the deep realisations. We are one humanity - I have the belief that we are all connected as one: all humans, other living beings, and nature as a whole. I truly feel we are closer to ‘humanity’ than we ever previously believed we were. Just imagine if something happens to someone on the other side of the world, it has a ripple effect and reaches us all the way here, causing us to feel a variety of emotions. I realised that if something happened in China, I felt it here; or watching Lebanon get torn apart by bombs; or hearing about another shooting in America; I felt the pain and tragedy deep from across the ocean. We are all living the karma of the sum of us combined. Whether be it brutality or acts of compassion, it all stays in this universe we co-inhabit. Everything is temporary - Reading books like Think Like a Monk, I now have a greater sense of realisation that ‘everything’ is temporary in our lives, whether it’s material, emotions, or circumstances. All achievements; awards, money; time; heartache; pain: it all has an end date. It is most important that we show and live a life of gratitude. It’s super important we be ‘present’ and appreciate and be grateful for every moment of our lives. Digital Disruption - I discovered during this time just how many digital disturbances we experience daily. Social media is addictive, and when there doesn’t seem to be much else to do, we have focused on it, obsessed with it, spent hours and hours in front of our screens, not realising that it kills creativity and productivity.
INSIGHTS REPORT NOVEMBER
We are our own universe - I believe we always live in two different universes; the external universe and one which goes inside us; meaning how we feel and what kind of conversations we are having with ourselves. What impact we are feeling around an event; a conversation; what we hear; feel or even smell. I strongly believe our own internal universe has many times more effect on us than what happens outside. Have a deeper connection with your closest ones – It is very important to have a deeper level of connection with the closest people; the ones who have the most influence on your daily life. I think it goes beyond just feeling loved. It makes you feel more valuable/ significant in your own life, the work you do, and how well you do it. Beyond that, how we serve the people around us is the one thing that leads us to influence the outside world. Give more than taking/ service - How compelling is this statement? To be a champion for others should be the ultimate goal for us all. There is magic in being so humble that we want to give back to those around us, and to do our life’s best work, through our profession. Give more, take less! This comes in many forms. You can deliver more than what you paid for, whether it’s competitively, socially, or individually, doing more than what is expected of you, or somewhere, somehow, even serving without expecting anything in return. Becoming the best version of our self - The best thing you can ask yourself, is are you being the best version of yourself? Are you truly being the greatest you can be? I have made many mistakes in the last two years, but I have learned so many valuable lessons out of these mistakes and am now using my realisations to create a better, wiser, and more driven version of myself. I hope this for you as you spend your own time reflecting and resetting after what is surely one of our time’s most life-altering experiences. In conclusion: Let’s treat this pandemic as a wake-up call in finding a higher purpose and most importantly, peace and fulfillment in what we do daily. Above each, realisation can be an article by themselves. I may expand on them someday.
PAGE 7
FEATURED IN NOVEMBER
RELIANCERE.COM.AU
Articles
Why Is Curb Appeal Important? You are considering selling your home and you are spending all your time making sure the interior of your property is up to scratch. Whilst it is great when the interior of the property is well maintained and refreshed you would want to do the same on the exterior. Did you know that having a good curb appeal can increase the interest of prospective buyers? What we have done is created a list of the most common things you could do to give your exterior an uplift and create a better curb appeal. Landscaping When you think of landscaping people tend to automatically think of dollar signs but that isn’t the case. It could be as simple as leveling the front yard out applying new soil, laying some new turf, and add some cost-effective planting. Doing a simple task like that can improve the curb appeal as opposed to having a muddy front yard. Drive Way A driveway seems like an obvious one but if you have had your property for a long period of time it will sometimes show its age. It could be as simple as refreshing its paint and putting a new sealant on your driveway and it can also be quite cost-effective. Trees If your property has a few trees in your front garden that is overgrown and possibly blocking the property. It is as simple as trimming them down, making them maintained, and letting your property be viewed instead of hidden. Lighting Applying a feature to the front of your property and adding lighting can make a very positive impact on your curb appeal if it’s done correctly. At night time having that small feature with lighting added to your landscape can be a great impact. Having lighting on the front of your home is another idea and that can also be done cost-effectively. Roof No one wants to go to a property with weeds growing out the roofs and it looking worse for wear. Looking after your roof and keeping it in a good condition could potentially mean saving you having to replace the entire roof in the future but a good clean, maintained roof can impact your curb appeal.
INSIGHTS REPORT NOVEMBER
PAGE 8
FEATURED IN NOVEMBER
Sales
SELECTION OF
RELIANCERE.COM.AU
Recently Sold No.
Address
Bed Bath Car
Date
Price
1
42 Holyoake Parade, Manor Lakes
3
1
2
2/11/2020
$710,000
2
9 Blueleaf Place, Brookfield
4
2
2
2/11/2020
$560,000
3
13 Koriella Drive, Sunbury
4
2
4
3/11/2020
$600,000
4
2 Guinane Avenue, Hoppers Crossing
4
2
2
4/11/2020
$620,000
5
50 Poplar Boulevard, Tarneit
4
2
2
4/11/2020
$645,000
6
41 Papillon Parade, Tarneit
4
2
7
4/11/2020
$740,000
7
5 Duck Haven Place, Tarneit
4
2
3
4/11/2020
$740,000
8
112 Derrimut Road, Hoppers Crossing
3
1
2
4/11/2020
$590,000
9
7 Dublin Street, Tarneit
4
2
2
4/11/2020
$600,000
10
21 Childs Street, Melton South
3
1
2
5/11/2020
$420,000
11
12 Buloke Avenue, Manor Lakes
4
2
2
5/11/2020
$745,000
12
24 Strawberry Road, Kurunjang
4
2
2
5/11/2020
$570,000
13
11 Beauview Court, Kurunjang
3
2
2
6/11/2020
$460,000
14
39 Ludo Circuit, Truganina
4
2
2
6/11/2020
$655,000
15
81 Wembley Avenue, Strathtulloh
4
3
2
6/11/2020
$540,000
16
28 Festival Street, Diggers Rest
4
2
4
9/11/2020
$680,000
17
3 Grindall Way, Point Cook
4
2
2
9/11/2020
$588,000
18
1/6 Mingos Court, Werribee
3
2
1
9/11/2020
$425,000
19
024 Strawberry Road, Kurunjang
4
2
2
9/11/2020
$570,000
20
41 Budburst Drive, Sunbury
4
2
2
9/11/2020
$650,000
INSIGHTS REPORT NOVEMBER
PAGE 10
SELECTION OF
RELIANCERE.COM.AU
Recently Sold No.
Address
Bed Bath Car
Date
Price
21
11 Precious Road, Diggers Rest
3
2
1
9/11/2020
$470,000
22
55 Hawkstone Road, Manor Lakes
4
2
2
9/11/2020
$565,000
23
7 Clarendon Avenue, Craigieburn
3
2
1
10/11/2020
$512,000
24
1 Dumbarton Circuit, Melton West
3
2
6
10/11/2020
$545,000
25
36 Lady Penrhyn Drive, Wyndham Vale
4
2
2
12/11/2020
$560,000
26
7 Flora Way, Tarneit
4
2
2
15/11/2020
$700,000
27
25 Brooksby Circuit, Melton West
4
2
2
16/11/2020
$440,000
28
7 Brooksby Circuit, Harkness
4
2
2
16/11/2020
$440,000
29
73 Kirkton Drive, Kurunjang
3
2
2
16/11/2020
$416,000
30
11 Phillip Drive, Wyndham Vale
3
2
2
16/11/2020
$460,000
31
5 Topiary Street, Truganina
4
2
2
17/11/2020
$675,000
32
1/7 Djerriwarrh Court, Kurunjang
4
3
4
17/11/2020
$895,000
2
17/11/2020
$700,000
2
17/11/2020
$440,000 $440,000
33
5 Duck Haven Place, Tarneit
4
34
24 Strawberry Road, Kurunjang
4
35
7 Brooksby Circuit, Harkness
4
2
2
17/11/2020
36
50 Poplar Boulevard, Tarneit
3
2
2
18/11/2020
$416,000
3
2
2
18/11/2020
$460,000
37
81 Wembley Avenue, Strathtulloh
2 2
38
5 Topiary Street, Truganina
4
2
2
19/11/2020
$675,000
39
1/7 Djerriwarrh Court, Kurunjang
4
3
4
19/11/2020
$895,000
40
12 Buloke Avenue, Manor Lakes
4
3
4
20/11/2020
$895,000
INSIGHTS REPORT NOVEMBER
PAGE 11
SELECTION OF
RELIANCERE.COM.AU
Recently Sold No.
Address
Bed Bath Car
Date
Price
41
11 Precious Road, Diggers Rest
3
2
1
20/11/2020
$470,000
42
55 Hawkstone Road, Manor Lakes
4
2
2
20/11/2020
$565,000
43
7 Clarendon Avenue, Craigieburn
3
2
1
23/11/2020
44
1 Dumbarton Circuit, Melton West
3
2
6
23/11/2020
$545,000
45
36 Lady Penrhyn Drive, Wyndham Vale
4
2
2
23/11/2020
$560,000
$512,000
46
7 Flora Way, Tarneit
4
2
2
23/11/2020
$700,000
47
25 Brooksby Circuit, Melton West
4
2
2
26/11/2020
$440,000
48
7 Brooksby Circuit, Harkness
4
2
2
26/11/2020
$440,000
49
73 Kirkton Drive, Kurunjang
3
2
2
26/11/2020
$416,000
50
11 Phillip Drive, Wyndham Vale
3
2
2
26/11/2020
$460,000
51
5 Topiary Street, Truganina
4
2
2
27/11/2020
$675,000
4
2
2
27/11/2020
$742,000
4
2
2
28/11/2020
$457,000
2
2
28/11/2020
$545,000 $460,000
52 53
38 Seagrass Crescent, Point Cook 17 Hazel Street, Melton South
54
6 Champion Court, Truganina
3
55
30 Turf Club Boulevard, Melton South
4
2
2
30/11/2020
56
13 Esslemont Road, Thornhill Park
4
2
2
30/11/2020
$587,000
3
2
2
30/11/2020
$501,000
57
Harper Street, Melton South
INSIGHTS REPORT NOVEMBER
PAGE 12
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 NOVEMBER
PAGE 13
SUBURB IN THE SPOTLIGHT
RELIANCERE.COM.AU
The History of Riddells Creek
Photo Credit: Historic Railway Bridge – https://en.wikipedia.org/wiki/Riddells_Creek Riddells Creek is a suburb 45km north-east of Melbourne, Victoria and is located within the Shire of Macedon Ranges. Riddells Creek received its name after a settler in 1841, John Carre Riddell. It was in 1841 When John Carre Riddell & Thomas Ferrier Hamilton where they purchased approximately 640 acres of land and leased a further 2,000 acres. The Railway line from Melbourne to Woodend was constructed between 1859 – 1861 and its main use was to transport timber cut from the surrounding area. The large construction of the railway which now includes two over rail bridges in Riddells Creek being heritage listed. The population in the area mainly consisted of the railway workers and their families. In 1889 Judge Arthur Chomley built the well-known Dromkeen Homestead and named it after his mother’s family home in Ireland. The property was later purchased by Joyce and Court Oldmeadow in 1973 where they turned it into a home for Australian children’s literature. Heritage Listed Sites: • Road over Railway Bridge – Gisborne-Kilmore Road, Gisborne • Rail Bridge – Over Riddells Creek - Railway Reserve Fun Facts: • The first Post Office to open in Riddells Creek was the 1st February 1859 • During the World War II a Flax Mill in Riddells Creek was used by the Women’s Land Army where they harvested and processed flax. • Riddells Creek is home to world famous homestead, Dromkeen Homestead
INSIGHTS REPORT NOVEMBER
PAGE 14
SELECTION OF
RELIANCERE.COM.AU
Just Listed No.
Address
1
19 Stream Road, Wyndham Vale
2
3 Pinoak Street, Point Cook
3
Bed Bath Car
Price
3
2
1/11/2020
Contact agent
4
2
2
2/11/2020
$760,000 - $790,000
11 Alden Street, Sunshine West
4
2
4
2/11/2020
4
12A Springbank Way, Brookfield
4
2
2
2/11/2020 $590,000-$620,000
5
4 Maidenhair Drive, Point Cook
5
2
2
2/11/2020 $760,000-$800,000
6
100 Malibu Boulevard, Point Cook
4
2
2
4/11/2020
$790,000-$830,000
7
45 Galilee Boulevard, Harkness
4
2
2
5/11/2020
$569,000-$599,000
8
32 Spearmint Boulevard, Manor Lakes
4
2
2
5/11/2020
Contact agent
9
1 Moonie Court, Werribee
4
2
4
5/11/2020
Contact agent
10
10 Cardell Street, Maddingley
5
2
2
5/11/2020
Contact agent
11
1/78 Westmeadows Lane, Truganina
3
2
1
5/11/2020
Contact agent
12
3 Holly Green Circuit, Truganina
3
2
2
5/11/2020
Contact agent
13
6 Chandler Street, Werribee South
4
2
2
6/11/2020
$699,000
14
22 Snowy Road, Weir Views
4
2
2
6/11/2020
Contact agent
15
5 Joyous Street, Wyndham Vale
5
3
2
6/11/2020
Contact agent
16
9 Bolcarra Grove, Truganina
4
2
2
7/11/2020
$690,000-$720,000
17
44 Aitken Avenue, Hoppers Crossing
3
2
2
8/11/2020
Contact agent
18
6 Champion Court, Truganina
3
2
2
8/11/2020
Contact agent
19
52 Constantine Drive, Point Cook
3
2
2
9/11/2020
Contact agent
20
19 Perennial Drive, Kurunjang
3
2
1
9/11/2020
Contact agent
INSIGHTS REPORT NOVEMBER
4
Date
$850,000 - $880,000
PAGE 15
RELIANCERE.COM.AU
SELECTION OF
Just Listed No.
Address
Bed Bath Car
Date
Price
21
13 Conteve Way, Truganina
4
2
2
12/11/2020
$630,000-$670,000
22
21 Trinacria Court, Deer Park
2
1
1
12/11/2020
$370,000-$380,000
23
6 St Patricks Place, Tarneit
4
2
10
12/11/2020
24
34 Licina Road, Brookfield
4
2
1
12/11/2020
Contact agent
25
1 Chapel Street, Point Cook
3
2
2
12/11/2020
Contact agent
26
593 Elizabeth Drive, Sunbury
5
2
3
12/11/2020
$545,000-$585,000
27
54 Rhonda Crescent, Truganina
4
2
2
13/11/2020
Contact agent
28
65 Millbrook Drive, Wyndham Vale
3
2
2
13/11/2020
Contact agent
29
11 Matheson Avenue, Wyndham Vale
4
2
1
13/11/2020
Contact agent
30
9 Lancaster Drive, Point Cook
5
2
4
13/11/2020
Contact agent
Contact agent
31
1/4 Brazil Court, Melton West
3
2
1
14/11/2020 $409,000-$429,000
32
87 Caitlyn Drive, Harkness
4
2
2
14/11/2020 $539,000-$569,000
33
19 Tristania Drive, Point Cook
4
2
2
15/11/202
34
12 Perkins Avenue, Hoppers Crossing
3
1
4
16/11/2020
35
35 Woolshed Drive, Truganina
4
2
2
36
25 Raleighs Road, Melton
3
1
2
19/11/2020
$410,000
37
112 Yuruga Boulevard, Point Cook
4
2
2
20/11/2020
$800,000
38
10 Horan Way, Weir Views
5
2
2
20/11/2020 $490,000-$520,000
39
4 Portland Avenue, Truganina
3
2
1
20/11/2020 $430,000-$450,000
40
4 Gallop Court, Truganina
3
2
2
20/11/2020 $540,000-$570,000
INSIGHTS REPORT NOVEMBER
$750,000-$780,000
Contact agent
16/11/2020 $760,000-$790,000
PAGE 16
SELECTION OF
RELIANCERE.COM.AU
Just Listed No.
Address
Bed Bath Car
Date
Price
41
84 Grassbird Drive, Point Cook
4
2
2
20/11/2020
Contact agent
42
7/3-11 Retford Close, Werribee
3
1
1
20/11/2020
Contact agent
43
147 Marquands Road, Truganina
5
2
2
21/11/2020
Contact agent
44
11 Stretton Drive, Brookfield
4
2
2
21/11/2020
$670,000
45
23 Guthrie Drive, Melton South
4
2
2
21/11/2020
$499,000-$515,000
46
271 Princes Highway, Werribee
4
2
2
21/11/2020
Contact agent
47
20/51-55 Tullidge Street, Melton
3
2
2
21/11/2020
$359,000-$379,000
48
24 Chartwell Avenue, Truganina
3
2
2
21/11/2020 $550,000 - $570,000
49
24 Becontree Crescent, Strathtulloh
3
2
2
22/11/2020
$420,000-$450,000
50
40 Springbrook Parkway, Cobblebank
4
2
2
22/11/2020
Contact agent
51
21 Liverpool Street, Point Cook
4
2
2
22/11/2020
$840,000-$870,000
52
7 Reynolds Place, Melton South
4
3
2
22/11/2020 $460,000-$480,000
53
9 Josebury Road, Tarneit
3
2
2
23/11/2020
54
4 Yaringa Street, Tarneit
4
2
2
23/11/2020
55
43 Tilley Drive, Maddingley
3
2
2
23/11/2020
56
11 Pavey Street, Tarneit
4
3
2
23/11/2020 Contact agent
57
9 Rosewater Street, Manor Lakes
5
3
2
24/11/2020
58
26 Aviation Drive, Diggers Rest
4
2
2
24/11/2020 $645,000 - $675,000
59
5 Cabarita Street, Truganina
4
2
2
24/11/2020
60
14 Komodo Drive, Tarneit
3
2
2
24/11/2020
INSIGHTSREPORT REPORTNOVEMBER SEPTEMBER INSIGHTS
Contact agent Contact agent $480,000-$500,000
Contact agent
$600,000 - $630,000
Contact agent
PAGE 18 17
SELECTION OF
RELIANCERE.COM.AU
Just Listed No.
Address
Bed Bath Car
Date
Price
61
4 Ixora Crescent, Manor Lakes
4
2
2
24/11/2020
$510,000-$550,000
62
1 Rialto Street, Point Cook
4
1
1
24/11/2020
$740,000-$760,000
63
38 Seagrass Crescent, Point Cook
4
2
2
24/11/2020
64
4 Antonio Drive, Melton South
5
2
2
24/11/2020
65
12 Crilly Street, Tarneit
4
3
2
25/11/2020
66
1/20 Mermaid Crescent, Wyndham Vale
3
2
2
25/11/2020
67
9 Scarborough Crescent, Harkness
6
2
2
68
5 Kevin Court, Melton South
4
2
2
25/11/2020
$550,000-$570,000
69
43A Claremont Cres, Hoppers Crossing
3
2
2
26/11/2020
Contact agent
25/11/2020
$765,000 $550,000-$570,000
Contact agent Contact agent Contact agent
70
4 Guthrie Drive, Melton South
4
2
2
26/11/2020
$530,000-$560,000
71
39A Darlingsford Boulevard, Melton
4
2
2
26/11/2020
$479,000-$509,000
72
13 Dianella Street, Point Cook
4
2
2
26/11/2020
$700,000 - $740,000
73
63 James Melrose Drive, Brookfield
3
2
2
26/11/2020
$440,000-$470,000
74
8 Barnsbury Road, Wyndham Vale
3
2
2
26/11/2020
Contact agent
75
17 Hazel Street, Melton South
3
2
2
26/11/2020
Contact Agent
76
19 Horatio Street, Point Cook
4
3
2
26/11/2020
77
2/4 Legana Court, Werribee
2
1
1
27/11/2020
Contact agent
78
22 Spring Drive, Hoppers Crossing
3
2
4
27/11/2020
$479,000-$519,000
79
9 Samuel Court, Werribee
3
2
2
27/11/2020
$499,900 - $549,000
80
106 Stewarts Lane, Sunbury
5
3
4
27/11/2020
INSIGHTSREPORT REPORTNOVEMBER SEPTEMBER INSIGHTS
$820,000-$860,000
Contact Agent
PAGE 18
SUBURB IN THE SPOTLIGHT
RELIANCERE.COM.AU
The History of Tarneit
Photo Credit: Tarneit Central – http://ppmga.com.au/
Tarneit is in the western suburbs of Melbourne, Victoria and is located within the City of Wyndham. In the 1830’s the Tarneit area was used as agricultural grazing land. Tarneit received its name from the Aboriginal word Wathaurong for the colour white when it was surveyed in 1839-1840. Tarneit’s population in the 2016 census recorded in at 34,562 and is expected to increase to over 63,000 by 2031. Tarneit has shown tremendous growth over the years which was due to large residential subdivision did not begin until the 1990’s. Below shows you the census records over the years and just how quickly the population in the area expanded in more recent years. Census Date Population 1911 152 1921 176 1947 163 1954 189 2001 334 2006 6,865 2011 21,690 Fun Facts: • Tarneit Central Shopping Centre first opened in October 2017 • The Good News School & Church of the Lutheran communities first opened in 1997 • The area got a railway line to the area and opened in 2015 which is called Tarneit Railway Station
INSIGHTS REPORT NOVEMBER
PAGE 19
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 NOVEMBER
Donna Carson
Glenda Del Pilar
Inder Vasu
Jd Patel
PAGE 20
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 NOVEMBER
PAGE 21
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 NOVEMBER
PAGE 22
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 NOVEMBER
PAGE 23
FEATURED IN NOVEMBER
Rentals
OUR NOVEMBER
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
15
INSIGHTS REPORT NOVEMBER
20
5
10
15
20
5
10
15
20
5
10
15
20
PAGE 25
OUR NOVEMBER
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 NOVEMBER
$300 $350 $400 $450
PAGE 26
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 NOVEMBER
PAGE 27
SELECTION OF
RELIANCERE.COM.AU
Recently Leased No.
Address
Bed Bath Car
Date
Price
1
34 Kulin Drive, Tarneit
3
2
1
2/11/2020
$390 Per Week
2
155 Voyager Boulevard, Tarneit
4
2
2
2/11/2020
$400 Per Week
3
3 Lincolnheath Boulevard, Point Cook
3
2
2
2/11/2020
$390 Per Week
4
27 Fitzpatrick Drive, Altona Meadows
3
1
1
3/11/2020
$365 Per Week
5
5 Devon Place, Melton West
3
1
1
4/11/2020
$320 Per Week
6
654 Armstrong Road, Wyndham Vale
4
2
2
3/11/2020
$400 Per Week
7
25 Iluka Drive, Werribee
3
2
2
3/11/2020
$350 Per Week
8
11 Patchouli Street, Truganina
3
2
1
4/11/2020
$390 Per Week
9
46 Willmott Drive, Hoppers Crossing
4
2
2
4/11/2020
$390 Per Week
10
8 Tangelo Terrace, Werribee
4
2
2
4/11/2020
$380 Per week
11
10 Rockson Drive, Truganina
4
2
2
5/11/2020
$410 Per Week
12
58c Tom Roberts Parade, Point Cook
3
2
2
5/11/2020
$395 Per Week
13
13 Yamada Street, Truganina
4
2
2
5/11/2020
$410 Per Week
14
Unit 82/27 Turva Avenue, Tarneit
2
1
1
5/11/2020
$330 Per Week
15
1 Bottlebrush Drive, Hoppers Crossing
3
1
2
5/11/2020
$340 Per Week
16
16/2 Rockgarden Drive, Truganina
3
2
2
6/11/2020
$370 Per Week
17
44/27 Turva Avenue, Tarneit
2
1
1
6/11/2020
$330 Per Week
18
3/44 Fitzroy Street, Altona Meadows
2
1
1
9/11/2020
$370 Per Week
19
66 Westcott Parade, Rockbank
3
1
2
9/11/2020
$350 Per Week
20
130 Morris Road, Hoppers Crossing
4
2
9/11/2020
$350 Per Week
INSIGHTS REPORT NOVEMBER
PAGE 28
RELIANCERE.COM.AU
SELECTION OF
Recently Leased No.
Address
Bed Bath Car
Date
Price
21
47 Hollington Crescent, Point Cook
3
2
2
10/11/2020
$375 Per Week
22
5/45 Hatchlands Drive, Deer Park
2
1
1
12/11/2020
$360 Per Week
23
10 Allen Street, Laverton
3
1
2
12/11/2020
$330 Per Week
24
20 Labero Drive, Tarneit
4
2
2
12/11/2020
$380 Per Week
25
2/8 Don Avenue, Hoppers Crossing
2
1
1
12/11/2020
$330 Per Week
26
15 Roosevelt Way, Point Cook
3
2
1
13/11/2020 $360 Per Week
27
32 Galvin Street, Altona
3
1
1
13/11/2020 $300 Per Week
28
59 Cuttlefish Circuit, Tarneit
4
2
2
13/11/2020 $420 Per Week
29
14 Alberfeldie Drive, Truganina
4
2
2
16/11/2020
$380 Per Week
30
24 Conservation Way, Weir Views
5
2
4
16/11/2020
$375 Per Week
31
7 Aniseed Close, Point Cook
4
2
2
17/11/2020 $430 Per Week
32
8 Colonial Circuit, Tarneit
4
2
2
17/11/2020 $420 Per Week
33
1B Meek Street, Werribee
2
2
1
17/11/2020 $340 Per Week
34
Unit 1/70 Anderson Road, Sunbury
2
1
1
17/11/2020 $350 Per Week
35
13 Ajax Street, Truganina
4
2
2
18/11/2020 $400 Per Week
36
19 Bellview Drive, Rockbank
4
2
2
37
4 Sleeth Court, Melton West
4
2
2
19/11/2020 $420 Per Week
38
28 Vilnius Way, Truganina
3
2
1
19/11/2020 $370 Per Week
39
16 Shady Street, Werribee
4
2
2
19/11/2020 $370 Per Week
40
Unit 1/122 Shaws Road, Werribee
2
1
1
22/11/2020 $290 Per Week
INSIGHTS REPORT NOVEMBER
18/11/2020 $380 Per Week
PAGE 29
RELIANCERE.COM.AU
SELECTION OF
Recently Leased No.
Address
Bed Bath Car
Date
Price
41
47 Hollington Crescent, Point Cook
3
2
2
24/11/2020
$375 Per Week
42
5/45 Hatchlands Drive, Deer Park
2
1
1
24/11/2020
$360 Per Week
43
10 Allen Street, Laverton
3
1
2
25/11/2020
$330 Per Week
44
20 Labero Drive, Tarneit
4
2
2
26/11/2020
$380 Per Week
45
2/8 Don Avenue, Hoppers Crossing
2
1
1
28/11/2020
$330 Per Week
46
80 Barries Road, Melton
4
2
2
28/11/2020 $360 Per Week
47
18 Barramunga Street, Tarneit
4
2
2
29/11/2020 $390 Per Week
48
316 Hogans Road, Hoppers Crossing
4
2
2
30/11/2020 $400 Per Week
INSIGHTS REPORT NOVEMBER
PAGE 30
SELECTION OF
RELIANCERE.COM.AU
Just listed No.
Address
Bed Bath Car
1
5 Holwell Lane, Harkness
4
2
1
5/11/2020
2
Unit 2/21 Red Robin Road, Truganina
3
2
1
6/11/2020
$370 Per Week
3
10 Denali Road, Truganina
4
2
2
6/11/2020
$430 Per Week
4
6 Shield Road, Point Cook
3
2
2
6/11/2020
$380 Per Week
5
15/2 Rockgarden Drive, Truganina
2
1
1
6/11/2020
$340 Per Week
6
7 Parrot Drive, Weir Views
3
2
1
7/11/2020
$330 Per Week
7
11 Granya Street, Tarneit
3
2
2
7/11/2020
$410 Per Week
8
Unit 2/30 Harrow Place, Truganina
3
2
1
8/11/2020
$350 Per Week
9
12 Archie Street, Tarneit
3
2
2
8/11/2020
$350 Per Week
10
8 Kilpatrick Street, Tarneit
4
2
2
9/11/2020
$400 Per Week
11
30 Exford Road, Melton South
4
2
2
9/11/2020
$310 Per Week
12
26 Wagner Drive, Werribee
4
2
2
12/11/2020
$365 Per Week
13
22 Augusta Way, Strathtulloh
4
2
2
13/11/2020
$380 Per Week
14
9 Creswick Drive, Point Cook
3
2
1
14/11/2020
$390 Per Week
15
18 Barramunga Street, Tarneit
4
2
2
15/11/2020
$410 Per Week
16
1 Harriet Street, Werribee
4
2
2
16/11/2020
$370 Per Week
17
276D Sayers Road, Truganina
4
2
2
19/11/2020
$430 Per Week
18
13 Lucas Terrace, Taylors Hill
3
2
1
19/11/2020
$400 Per Week
19
12 Gazley Court, Altona Meadows
3
2
2
20/11/2020
$380 Per Week
20
7 Zetland Way, Tarneit
4
2
2
20/11/2020
$430 Per Week
INSIGHTSREPORT REPORTNOVEMBER SEPTEMBER INSIGHTS
Date
Price $450 Per Week
PAGE 33 18 PAGE
SELECTION OF
RELIANCERE.COM.AU
Just listed No.
Address
Bed Bath Car
Date
Price
21
51 Newforest Drive, Aintree
4
2
2
21/11/2020
$430 Per Week
22
43 Mapleton Boulevard, Melton South
2
1
1
21/11/2020
$340 Per Week
23
2B Sedgefield Avenue, Truganina
4
2
2
22/11/2020
$380 Per Week
22/11/2020
$420 Per Week
24
2 Airfield Grove, Point Cook
4
2
2
25
Unit 5/66 Duncans Road, Werribee
2
1
1
26/11/2020
$310 Per Week
26
12 Tributary Way, Weir Views
4
2
2
27/11/2020
$400 Per Week
27
41 Jupiter Drive, Truganina
4
2
2
27/11/2020 $460 Per Week
28
26 Meighen Circuit, Melton South
4
2
2
27/11/2020
$380 Per Week
29
2/49 Ivanhoe Avenue, St Albans
2
3
2
27/11/2020
$400 Per Week
30
12 Havelock Place, Wyndham Vale
2
1
1
28/11/2020
$300 Per Week
31
1 Champion Court, Truganina
3
2
2
28/11/2020
$370 Per Week
32
3 Virk Street, Thornhill Park
4
2
2
28/11/2020 $400 Per Week
33
41/27 Turva Avenue, Tarneit
3
2
2
29/11/2020 $370 Per Week
34
684 Tarneit Road, Tarneit
4
2
2
29/11/2020 $390 Per Week
35
1/24 Tyler Crescent, Tarneit
2
1
1
30/11/2020 $345 Per Week
36
25 Hilda Drive, Brookfield
3
2
2
30/11/2020 $370 Per Week
37
41/27 Turva Avenue, Tarneit
3
2
2
29/11/2020 $370 Per Week
38
684 Tarneit Road, Tarneit
4
2
2
29/11/2020 $390 Per Week
39
1/24 Tyler Crescent, Tarneit
2
1
1
30/11/2020 $345 Per Week
40
2B Sedgefield Avenue, Truganina
4
2
2
30/11/2020 $380 Per Week
INSIGHTS REPORT NOVEMBER
PAGE 34
PROPERTY MANAGEMENT
RELIANCERE.COM.AU
Summary 56
LEASED PROPERTIES
$401 61
AVERAGE LEASE PRICE PER WEEK
NEW LISTINGS FOR LEASE
967
POTENTIAL TENANT ENQUIRIES
INSIGHTS REPORT NOVEMBER
PAGE 35
RELIANCERE.COM.AU
SALES
Summary 146
PROPERTIES UNDER CONTRACT
$73M 134
WORTH OF PROPERTY SOLD
NEW LISTINGS
1375 100%
POTENTIAL BUYER ENQUIRIES
LIST TO SELL CONVERSION RATE
INSIGHTS REPORT NOVEMBER
PAGE 36
RELIANCE HQ 10/22-30 Wallace Avenue Point Cook VIC 3030 (03) 8372 2018 hq@reliancere.com.au
