04
OFFICER. ONE OF THE MOST EXCITING SUBURBS IN MELBOURNE’S SOUTH-EAST
25 NEW 2% TAX ON VACANT COMMERCIAL PROPERTIES
24
LEASED IN FEBRUARY Leasing Statistics For February 2025
Officer is on the rise! This thriving suburb continues to attract families, first-home buyers, and investors seeking a dynamic and well-connected community. With exceptional schools, modern amenities, and a diverse range of properties, from affordable homes to luxurious residences, Officer caters to every lifestyle.
The local property market is experiencing remarkable demand, with strong buyer interest and swift sales. At First National Real Estate Neilson Partners, we’ve witnessed outstanding results across the suburb, including the recent sale of 15 Axnick Rise in the prestigious Timbertop Estate. This breathtaking four-bedroom home, set on a generous 700m² block, features multiple living areas, stunning views, and an oversized garage. Listed between $1,180,000 - $1,280,000, it was snapped up in just two weeks. Vendors were thrilled with the seamless service provided by Tara & Luke Walters, and the delighted buyers, are now ready to enjoy the coveted Timbertop lifestyle.
Another exceptional sale at 31 Fairweather Parade, Officer, achieved $625,000, the top of its price range. With strong interest from 29 buyer groups, this result highlights the competitive demand in Officer, particularly for homes at this price point. Sold by another of Neilson Partners dynamic duo’s Lily Young & Hayden Stanton to first home buyers eager to establish roots in the area. Additionally, 111 Mary Street, Officer, exceeded expectations by selling above its price range in just three weeks.
Lily Young, Sales Consultant at First National Neilson Partners, has observed a surge in firsthome buyers keen to move into Officer. Her key advice? Secure pre-approval from your bank or mortgage broker for a strong position in the competitive market.
RANGING IN SIZE FROM 4m² - 34m²
Solutions for all your storage needs.
Competitive Rates
Short or long term leases available
Modern, clean units
24 hour video surveillance
Easy access
100 Enterprise Avenue, Berwick
/ 2 / 1
/ 2 / 2
AVERAGE VACANCY RATE ONLINE VIEWS APPLICATIONS RECEIVED
A new proposal from the Victorian Greens is set to introduce a 2% tax on commercial properties left vacant for more than six months. While the policy aims to reduce empty storefronts in highprofile areas like Chapel Street, Prahran, it raises concerns about unintended consequences for property owners.
Shannon Hynd, Commercial Department Manager at First National Real Estate Neilson Partners, believes the tax could unfairly penalise landlords who are actively trying to lease their properties. “Securing commercial tenants takes time, and landlords already invest significant resources into marketing and maintaining properties,” he explains.
One of the key concerns is the pressure to lower rents in response to the tax. While this might encourage leasing, Shannon warns it could lead to unsustainable agreements that don’t solve
long-term vacancy issues. Additionally, short-term “pop-up” tenants may offer a quick fix but often leave landlords with additional costs for repairs and cleaning.
Shannon also highlights the hidden financial burdens landlords already face, from operational expenses to ongoing maintenance. Rather than imposing additional costs, he suggests that government efforts should focus on reducing operational expenses for businesses and offering tax incentives to encourage sustainable leasing solutions.
For landlords, this tax could mean increased financial strain and reduced flexibility in lease negotiations. A more balanced approach, one that collaborates with industry professionals could yield better results without creating further pressure on commercial property owners.
