NOVEMBER JULY 2023
WHAT DOES 2024 LOOK LIKE FOR YOU? neilsonpartners.com.au
Front Cover: 6 McKay Court Berwick Inside Cover: 104 Foott Road, Beaconsfield Upper
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CITY OF CASEY LEADS THE HOUSING COMEBACK THIS SPRING
Now is the best time to begin preparing your home sale in 2024. FOCUS ONfor OFFICER
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Get in touch to find out how.
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10 POINT PLAN TO TACKLE AUSTRALIA’S RENTAL CRISIS
Buy, sell and lease with confidence. First National Neilson Partners.
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LEASED IN OCTOBER
Leasing Statistics For October 2023
We put you first.
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CITY OF CASEY LEADS THE HOUSING COMEBACK THIS SPRING Clyde Median house price $680,000
The real estate landscape in Melbourne and its surrounding suburbs is witnessing a significant transformation this Spring, with a notable resurgence in housing markets.
Cranbourne Median house price $645,000 Doveton Median house price $590,000
The City of Casey has emerged as a prominent player in the Greater Melbourne housing comeback according to Spring’s Hotspotting Price Predictor Index.
Additionally, Pakenham in the Shire of Cardinia was rated #15 in the Top 20 Suburbs most sought by first home buyers according to PropTrack.
Melbourne is now showing the promise of buoyancy, especially in its outer-ring Local Government Areas. For instance, here in the City of Casey, we boast three rising and nine recovering suburbs among the 15 in Hotspotting’s analysis.
While Melbourne’s housing market is undergoing a remarkable transformation, regional Victoria is also witnessing a surge in sales activity, dispelling misconceptions about market stability in regional areas. As we transition through the spring selling season of 2023, the real estate landscape in the City of Casey and Shire of Cardinia promises to be dynamic and full of opportunities for both buyers and sellers.
Several suburbs within the Greater Melbourne area have experienced significant growth. Some of the noteworthy suburbs include: Botanic Ridge Median house price $920,000 Berwick Median house price $865,000 Endeavour Hills Median house price $800,000
5 Payne Court, Berwick – “ This family home at 5 Payne Court, Berwick was snapped up in 1 week for $950,000”.
2058 Main Drain Road, Iona – “Homes in regional areas remain popular with homebuyers. This 3 bedroom home in Iona recently sold for $630,000”.
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Focus on
OFFICER
THE RISE AT OFFICER
Ever popular for those wanting modern, new homes within walking distance to cafes, parks and a variety of schools, Officer has it all. With plenty of young families moving to the area as well as those downsizing from suburbs such as Berwick, Officer is incredibly sought after. Growth has exploded in recent years with thousands of new homes built in estates such as The Rise at Officer and Heritage Rise.
takeaway
move
CENTRAL FISH AND CHIPS
TO THE CORE PILATES STUDIO To the Core offer Align, Dynamic and Strength & Sweat classes for all. Their pilates is challenging, dynamic and fun at the same time! 1, 103/43 Siding Avenue, Officer 0402 517 679 @to_the_core_pilates
eat HIGH HORSE CAFE If you’ve ever driven past the High Horse Cafe, you’ll know just how popular it is. With delicious food, great coffee and friendly staff who are known for having your coffee ready when you walk in the door! Open Mon to Fri 6-3pm, Sat & Sun 8-3pm 4 Cotswold Crescent, Officer 0429 855 207 @thehighhorsecafe
Central Fish and Chips Officer is not your average fish and chip shop. With a qualified chef manning the fryers and a dedicated gluten free fryer they cater for everyone. Open Mon 4-8pm, Tues-Thurs & Sun 11-8pm and Fri & Sat 11-9pm. 6/43 Siding Avenue, Officer 03 5918 4500 @centralfishandchips
OFFICER MEDIAN HOUSE PRICE $752,000 MEDIAN HOUSE RENTAL $500PW
coffee SOULFOODS OFFICER Soulfoods offer gluten free and coeliac friendly options, friendly staff, delicious coffee and they are dog friendly! 445 Princes Highway, Officer 03 5942 1225 @soulfoodscafe
20 Days on market (average) 3,338 Buyers interested MEDIAN UNIT PRICE $579,000 MEDIAN UNIT RENTAL $435PW 16 Days on market (average) 496 Buyers interested RENTAL YIELD 3.65% House, 3.91% Unit
Images from instagram: @thehighhorsecafe @centralfishandchips @soulfoodscafe @to_the_core_pilates
Source: PropTrack for realestate.com.au
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BERWICK SELF STORAGE UNITS solutions for all of your storage needs...
• Ranging in size from 4sqm to 34sqm • Competitive rates • Short or long term lease • Modern, clean units • 24 Hour video surveillance
Flynn McKenna 0499 999 162
• Easy access
Shannon Hynd 0499 980 100
9705 4888 100 ENTERPRISE AVENUE BERWICK neilsonpartners.com.au - 7 -
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BERWICK SELF STORAGE UNITS solutions for all of your storage needs...
• Ranging in size from 4sqm to 34sqm • Competitive rates • Short or long term lease • Modern, clean units • 24 Hour video surveillance
Flynn McKenna 0499 999 162
• Easy access
Shannon Hynd 0499 980 100
9705 4888 100 ENTERPRISE AVENUE BERWICK neilsonpartners.com.au - 23 -
10 POINT PLAN TO TACKLE AUSTRALIA’S RENTAL CRISIS The Real Estate Institute of Australia is taking a proactive approach to address the worsening rental crisis in Australia by presenting a comprehensive ten-point plan to the Federal Senate Inquiry. This plan is designed to provide much-needed assistance to the country’s eight million renters. In an article published on August 29, 2023 in ‘The Real Estate Conversation,’ Hayden Groves, the REIA President, emphasized the urgency of finding Constitutional, Government-aligned solutions to combat the ongoing housing supply problem. The heart of Groves’ message strikes a chord with our very own Rental Division Director Allison Holzer. “We are currently turning away over 93% of potential applicants each and every month. It is simply impossible to assist everyone who needs it” says Allison.
REIA’S TEN RECOMMENDATIONS TO TACKLE THE ROOT OF THE RENTAL CRISIS NATIONAL BOND SNAPSHOT. The Australian Bureau of Statistics will collaborate with State and Territory bond agencies to provide a comprehensive national snapshot of bonds and rent tenures. RENTAL PAIN POINT MONITORING. National monitoring system to identify pain points, with particular focus on tenancies that are not professionally managed. AWARENESS MATERIALS. Cohesive national program that includes industrygovernment awareness materials for renters PROPERTY OWNER INCENTIVES. Incentives for property owners to transition vacant properties and short-term rentals into long-term rental housing. STAMP DUTY REFORM. Long-term reform and waivers for the purchase of rental properties in high demand areas. OCCUPANCY AUDIT. Immediate occupancy audit across Government owned and funded housing. REPURPOSING NON-RESIDENTIAL REAL ESTATE. Explore the feasibility of repurposing non-residential real estate into residential housing. RAPID BUILD HOMES. Options for constructing non-conventional rapid-build homes in areas with high economic growth and housing demand. HOUSING TARGET. Implement the target to build 1.2 million homes by 2030.
HOUSING AUSTRALIA FUTURE FUND BILL. Advocate for the passage of the HAFF Bill. The REIA’s comprehensive plan addresses the multifaceted challenges of the rental crisis, combining immediate actions with long-term strategies. Groves and the REIA are urging all stakeholders to come together to find effective, sustainable solutions to ensure that all Australians have access to safe and affordable rental housing.
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L E A S E D I N O C TO B E R
OFFI CE R SOUTH
NARRE WARRE N 12 SUMME RLE A ROAD 4
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3 4 MORTL AKE DR
$6 0 0 PW
/ 2
4
6 0 BAROND I AVE / 2
/ 2
BE ACON SFI E LD
NARRE WARRE N
4
/ 2
$ 495PW
8 BROD I E ME WS
$ 5 4 0 PW
3
/ 2
/ 2
$ 490 PW / 1
0.54%
18,652
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AV E R A G E VA C A N C Y R AT E
ONLINE VIEWS
A P P L I C AT I O N S RECEIVED
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WHAT DOES 2024 LOOK LIKE FOR YOU? neilsonpartners.com.au
Now is the best time to begin preparing your home for sale in 2024. Get in touch to find out how.
Buy, sell and lease with confidence. First National Neilson Partners.
We put you first.
Neilson Partners
NARRE WARREN
BERWICK
neilsonpartners.com.au
PAKENHAM