Insights Report November 2020

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