Insights Report October 2020

OCTOBER

Insights

reliancere.com.au

TABLE OF

Contents

2 5

WELCOME A message from the CEO Sunil Kumar

ARTICLES Featured articles from the month of October

8

SALES SUMMARY

23

RENTALS ACTIVITY

31

SUMMARY

Featured Sold and On Market listings

Featured Leased and On Market listings

A quick summary of the month

SUNIL KUMAR

CEO/Founder As stage 4 lockdown prepares to come to an end, and we have witnessed the American election and second lockdown in the UK, Australian property searches have increased in October, despite border closures. Reliance teams have continued to achieve excellent results with the reintroduction of onsite inspections. With the promise of a return to office, the focused, high performing teams have been dedicated to the commitment of the utmost professional service to our clients, working to a premium standard.

Buyer demand is higher than a year ago. With borrowing costs at new historic lows after the Reserve Bank’s cash rate cut last week, and people restricted in the ways in which they can spend their money, it is anticipated that demand for properties for sale will remain at elevated levels. It is expected that for the remainder of 2020 we will see high levels of demand. The Reliance rental stats remain strong with 49 leased listings and 55 new listings. 79 Routine inspections were also carried out.

Our teams continue to thrive in both the virtual and real world, helping prospective buyers and tenants through some difficult and stressful ways to buy and sell. Buyers have remained enthusiastic despite trying environmental times, with a fabulous 85 properties sold and 130 new listings in October.

Reliance Real Estate has always thrived for growth. After 5 years of operating out of the Point Cook town centre, we thought it was now our time to grow. What a growth this is for our team and Reliance!

We are delighted to announce that in a few short weeks, we will be taking over MICM Point Cook and have a new home located at the Featherbrook shopping centre. The team at MICM Point Cook will become a part of the Reliance network, together we will be able to bring a bigger and better service to the Point Cook community.

We would like to thank the Point Cook community and our clients - past and present. We believe our success is your success, passionate about our community we call Point Cook home. We’re about supporting our neighbours and local businesses but most importantly we’re here to help you achieve your property dreams.

We remain hopeful of the improving times and as always are committed to our clients. With the easing of restrictions, we look forward to a brighter future for us all.

Sunil Kumar CEO/Founder

FEATURED IN OCTOBER

Articles

FEATURED IN OCTOBER

FUNDINGFORCE.COM.AU

Articles

Beginner’s Guide to Mortgage What is a mortgage?

By definition, it is a type of loan offered by the bank or other financial institution that a person can use to finance the purchase of a property, It’s commonly used for buying a home.

Collateral Unlike other loans, A mortgage has collateral rights to your home. It means if you don’t pay the bank back on the agreed time they can take possession of your home and sell it in the process called “Foreclosure.”

Principal amount & downpayment The amount of money borrowed to buy a home is called “Principal.” You can put down a percentage of the home’s purchase price by giving a down payment to decreased your loan’s principal amount. The lenders have a variety of down payment options that can figure out which one is the best option for you.

Interest rate Lenders will give you charges on the loan that you borrowed and the amount is usually expressed as a percentage called “Interest rate.”

Amortisation The major parts of your monthly payments are the principal and interest rates. These are the factors for reducing your debts in a process called “Amortisation.” It is a length of time that will take to pay off the loan and own their home entirely.

Insurance Aside from a mortgage loan, it is also important to acquire home insurance suggested by the lenders to cover against disastrous events and other incidents that can cause damage or losses from your home.

Mortgage broker What is a Mortgage broker? A Mortgage broker like Funding Force has a connection with the primary banks in the country. We serve as the median between you as a borrower and the bank, you’re borrowing with. We will help you to acquire housing loans in a way that we’re the ones who will communicate to the bank until it got approved. We make the process easier for the borrower and all of these services are free because the bank is the one who will pay us by the commission for all of the approved housing loans we offered to them.

In Australia, 60 % of housing loans came from Mortgage brokers, this means 2 out of 3 people decided to hire a mortgage broker instead of personally going to the bank.

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 on 03-8372 2018 Under the new laws, your tenant will not be able to stop paying the rent. But they will be entitled to.

INSIGHTS REPORT OCTOBER

PAGE 5

FEATURED IN OCTOBER

RELIANCERE.COM.AU

Articles

How do Online Auctions work?

All precautions are being taken here at Reliance to ensure the health & safety of both our staff & clients. Due to the pandemic, we are doing things a little differently while still providing you with above and beyond service Thanks to online programs and apps like Zoom, we have the technology to allow for online Auctions.

We are here to help, below you’ll find some of our FAQ, answered!

How would Purchasers Bid? Purchasers will receive a comprehensive e-mail outlining how you can register to bid, and how you can participate in the process on auction day.

What are the options buyers can participate in the auction?

There are multiple ways. You can register to bid and ‘attend’ the auction via zoom, where you can watch the auctioneer in action.. you can also visit a link that allows you to watch the bids as they progress, which can be done in conjunction with either of the two options outlined above. The auction rules will be read out as normal by the auctioneer and can also be accessed by bidders when they register. The Vendor’s Statement/Section 32 can be requested from the agent for your review prior to the auction as normal.

How do Purchasers sign a contract if I’m the successful bidder?

We are fully equipped with offsite auction contract signing, which means our vendors and purchasers can sign contracts from anywhere in the world! Deposit and residual amounts are automatically calculated, as well as settlement terms. You will receive the contracts via e-mail to sign and an executed copy is automatically sent to our office, the vendor, purchaser and each party’s conveyancer.

How do I pay the deposit if I’m successful?

You will need to ensure that you have a daily EFT limit of at least $10,000 prior to the auction. In the case you are the successful bidder, you will be required to pay a $10,000 deposit immediately after the auction, with the balance payable ASAP. You will then need to immediately email a copy of the deposit receipt to the agent.

How do I make a bid?

If you are interested in making a bid on a property, you have 3 options [1]Un-mute yourself and vocalise your bid, [2]Use the chat function to submit a bid, and [3]If the auctioneer nominates a rise, put your hand up so it is visible on the screen After the Auction Once the property has been sold, we politely ask all parties to leave the chat session, apart from the winning/ highest bidder. Once all other participants have left the online auction, the next steps will be discussed and the contract of sale will be prepared and emailed to the purchaser for signing via Docusign/Adobe.

The deposit is then to be paid via an EFT transfer to the Reliance Real Estate Trust Account

INSIGHTS REPORT OCTOBER

PAGE 6

FEATURED IN OCTOBER

Sales

RELIANCERE.COM.AU

SELECTION OF

Recently Sold No.

Address

Bed Bath Car

1

33 Yuille Street, Melton

3

1

2

11 Gembrook Street, Manor Lakes

4

2

2

2/10/2020

$554,000

3

19 Guthrie Drive, Melton South

4

2

2

3/10/2020

$200,000

4

2 Patricia Place, Melton West

6

2

2

8/10/2020

$480,000

5

54 Fairhaven Boulevard, Melton West

4

2

2

9/10/2020

$495,000

6

12 Pepper Tree Court, Caroline Springs

4

2

2

11/10/2020

$628,000

7

3/33 Keeper Street, Sunbury

3

1

1

11/10/2020

$375,000

8

9 Hopbush Avenue, Sunbury

5

2

5

12/10/2020

$880,000

2

Date 1/10/2020

Price $390,000

9

34 Riverside Concourse, Cobblebank

4

2

2

13/10/2020

$570,000

10

33 Principal Drive, Wyndham Vale

5

2

2

13/10/2020

$620,000

11

12 Buloke Avenue, Manor Lakes

4

2

2

15/10/2020

$745,000

12

24 Strawberry Road, Kurunjang

4

2

2

15/10/2020

$570,000

13

11 Beauview Court, Kurunjang

3

2

2

16/10/2020

$460,000

14

39 Ludo Circuit, Truganina

4

2

2

16/10/2020

$655,000

15

81 Wembley Avenue, Strathtulloh

4

3

2

19/10/2020

$540,000

16

28 Festival Street, Diggers Rest

4

2

4

20/10/2020

$680,000

17

3 Grindall Way, Point Cook

4

2

2

20/10/2020

$588,000

18

1/6 Mingos Court, Werribee

3

2

1

20/10/2020

$425,000

19

024 Strawberry Road, Kurunjang

4

2

2

21/10/2020

$570,000

20

41 Budburst Drive, Sunbury

4

2

2

22/10/2020

$650,000

INSIGHTS REPORT OCTOBER

PAGE 8

RELIANCERE.COM.AU

SELECTION OF

Recently Sold No.

Address

Bed Bath Car

Date

Price

21

11 Precious Road, Diggers Rest

3

2

1

24/10/2020

$470,000

22

55 Hawkstone Road, Manor Lakes

4

2

2

26/10/2020

$565,000

23

7 Clarendon Avenue, Craigieburn

3

2

1

26/10/2020

$512,000

24

1 Dumbarton Circuit, Melton West

3

2

6

26/10/2020

$545,000

25

36 Lady Penrhyn Drive, Wyndham Vale

4

2

2

27/10/2020

$560,000

26

7 Flora Way, Tarneit

4

2

2

27/10/2020

$700,000

27

25 Brooksby Circuit, Melton West

4

2

2

27/10/2020

$440,000

28

7 Brooksby Circuit, Harkness

4

2

2

27/10/2020

$440,000

29

73 Kirkton Drive, Kurunjang

3

2

2

27/10/2020

$416,000

30

11 Phillip Drive, Wyndham Vale

3

2

2

27/10/2020

$460,000

31

5 Topiary Street, Truganina

4

2

2

27/10/2020

$675,000

32

1/7 Djerriwarrh Court, Kurunjang

4

3

4

28/10/2020

$895,000

INSIGHTS REPORT OCTOBER

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 OCTOBER

PAGE 10

SUBURB IN THE SPOTLIGHT

RELIANCERE.COM.AU

The History of Caroline Springs

Photo Credit: Victorian Places – Caroline Springs Lake Caroline Springs is a residential area which is 22km north-west of Melbourne, Victoria and is located with the City of Melton. In 1998 Caroline Springs was a development by Lend Lease Corporation and they forecasted that it could potentially grow the population to the area to about 23,000.

Caroline Chisholm is the 19th-century philanthropist who established multiple shelters for emigrants which is now the Western Freeway it was only fitting that Caroline Springs was named after her.

In 2004 Caroline Springs saw the opening of its very own shopping centre called CS Square. The centre was only small and was outgrowing the growth in the area it was then in March 2019 that the centre did a 45 million expansion and now featuring over 75 retailers.

In the early years of Caroline Springs, it was a very affordable area as the main source of transport was by car. Caroline Springs is now home to multiple bus lines to and from the area as well as opening Caroline Springs Railway Station on the 29th January 2017.

Fun Facts: • First Post Office opened on the 8th August 2005 • 5 star hotel owned by Mercure group opened in August 2009 costing $40 million to build • Home to Caroline Springs a new hotel & entertainment complex West Waters opened in 2013 • On the 15th May 2002 discussions began to develop the game of football to the area and formally naming it Caroline Springs Football Club • Simon Perry a Melbourne sculptor, made what is now enjoyed by locals at the Lake Caroline Reserve the “On Tap” in 2007

INSIGHTS REPORT OCTOBER

PAGE 11

RELIANCERE.COM.AU

SELECTION OF

Just Listed No.

Address

Bed Bath Car

Date

1

14 Spirit Avenue, Point Cook

4

2

2

1/10/2020

Contact agent

2

19 Hazel Street, Melton South

3

1

1

2/10/2020

$390,000-$415,000

3

1/9 Rivercoast Road, Werribee South

3

2

2

2/10/2020

Contact agent

4

20 Jourama Road, Truganina

3

2

2

2/10/2020

$590,000-$620,000

5

4 Maidenhair Drive, Point Cook

5

2

2

2/10/2020

$760,000-$800,000

6

100 Malibu Boulevard, Point Cook

4

2

2

4/10/2020 $790,000-$830,000

7

45 Galilee Boulevard, Harkness

4

2

2

5/10/2020 $569,000-$599,000

8

32 Spearmint Boulevard, Manor Lakes

4

2

2

5/10/2020

Contact agent

9

1 Moonie Court, Werribee

4

2

4

5/10/2020

Contact agent

10

10 Cardell Street, Maddingley

5

2

2

5/10/2020

Contact agent

11

1/78 Westmeadows Lane, Truganina

3

2

1

5/10/2020

Contact agent

12

3 Holly Green Circuit, Truganina

3

2

2

5/10/2020

Contact agent

13

6 Chandler Street, Werribee South

4

2

2

6/10/2020

14

22 Snowy Road, Weir Views

4

2

2

6/10/2020

Contact agent

15

5 Joyous Street, Wyndham Vale

5

3

2

6/10/2020

Contact agent

16

9 Bolcarra Grove, Truganina

4

2

2

7/10/2020 $690,000-$720,000

17

44 Aitken Avenue, Hoppers Crossing

3

2

2

8/10/2020

Contact agent

18

6 Champion Court, Truganina

3

2

2

8/10/2020

Contact agent

19

52 Constantine Drive, Point Cook

3

2

2

9/10/2020

Contact agent

20

19 Perennial Drive, Kurunjang

3

2

1

9/10/2020

Contact agent

INSIGHTS REPORT OCTOBER

Price

$699,000

PAGE 12

RELIANCERE.COM.AU

SELECTION OF

Just Listed No.

Address

Bed Bath Car

Date

Price

21

13 Conteve Way, Truganina

4

2

2

12/10/2020

$630,000-$670,000

22

21 Trinacria Court, Deer Park

2

1

1

12/10/2020

$370,000-$380,000

23

6 St Patricks Place, Tarneit

4

2

10

12/10/2020

Contact agent

24

34 Licina Road, Brookfield

4

2

1

12/10/2020

Contact agent

25

1 Chapel Street, Point Cook

3

2

2

12/10/2020

Contact agent

26

593 Elizabeth Drive, Sunbury

5

2

3

12/10/2020 $545,000-$585,000

27

54 Rhonda Crescent, Truganina

4

2

2

13/10/2020

Contact agent

28

65 Millbrook Drive, Wyndham Vale

3

2

2

13/10/2020

Contact agent

29

11 Matheson Avenue, Wyndham Vale

4

2

1

13/10/2020

Contact agent

30

9 Lancaster Drive, Point Cook

5

2

4

13/10/2020

Contact agent

31

1/4 Brazil Court, Melton West

3

2

1

14/10/2020 $409,000-$429,000

32

87 Caitlyn Drive, Harkness

4

2

2

14/10/2020 $539,000-$569,000

33

19 Tristania Drive, Point Cook

4

2

2

15/10/202

34

12 Perkins Avenue, Hoppers Crossing

3

1

4

16/10/2020

35

35 Woolshed Drive, Truganina

4

2

2

36

25 Raleighs Road, Melton

3

1

2

19/10/2020

$410,000

37

112 Yuruga Boulevard, Point Cook

4

2

2

20/10/2020

$800,000

38

10 Horan Way, Weir Views

5

2

2

20/10/2020 $490,000-$520,000

39

4 Portland Avenue, Truganina

3

2

1

20/10/2020 $430,000-$450,000

40

4 Gallop Court, Truganina

3

2

2

20/10/2020

INSIGHTSREPORT REPORTOCTOBER SEPTEMBER INSIGHTS

$750,000-$780,000

Contact agent

16/10/2020 $760,000-$790,000

$540,000-$570,000

PAGE PAGE 18 13

RELIANCERE.COM.AU

SELECTION OF

Just Listed No.

Address

Bed Bath Car

Date

Price

41

84 Grassbird Drive, Point Cook

4

2

2

20/10/2020

Contact agent

42

7/3-11 Retford Close, Werribee

3

1

1

20/10/2020

Contact agent

43

147 Marquands Road, Truganina

5

2

2

21/10/2020

Contact agent

44

11 Stretton Drive, Brookfield

4

2

2

21/10/2020

$670,000

45

23 Guthrie Drive, Melton South

4

2

2

21/10/2020

$499,000-$515,000

46

271 Princes Highway, Werribee

4

2

2

21/10/2020

Contact agent

47

20/51-55 Tullidge Street, Melton

3

2

2

21/10/2020

$359,000-$379,000

48

24 Chartwell Avenue, Truganina

3

2

2

21/10/2020 $550,000 - $570,000

49

24 Becontree Crescent, Strathtulloh

3

2

2

22/10/2020 $420,000-$450,000

50

40 Springbrook Parkway, Cobblebank

4

2

2

22/10/2020

51

21 Liverpool Street, Point Cook

4

2

2

22/10/2020 $840,000-$870,000

52

7 Reynolds Place, Melton South

4

3

2

22/10/2020 $460,000-$480,000

53

9 Josebury Road, Tarneit

3

2

2

23/10/2020

54

4 Yaringa Street, Tarneit

4

2

2

23/10/2020

55

43 Tilley Drive, Maddingley

3

2

2

23/10/2020 $480,000-$500,000

56

11 Pavey Street, Tarneit

4

3

2

23/10/2020 Contact agent

57

9 Rosewater Street, Manor Lakes

5

3

2

24/10/2020 Contact agent

58

26 Aviation Drive, Diggers Rest

4

2

2

25/10/2020 $645,000 - $675,000

59

5 Cabarita Street, Truganina

4

2

2

25/10/2020

$600,000 - $630,000

60

14 Komodo Drive, Tarneit

3

2

2

26/10/2020

Contact agent

INSIGHTSREPORT REPORTOCTOBER SEPTEMBER INSIGHTS

Contact agent

Contact agent Contact agent

PAGE PAGE 18 14

RELIANCERE.COM.AU

SELECTION OF

Just Listed No.

Address

Bed Bath Car

Date

Price

61

4 Ixora Crescent, Manor Lakes

4

2

2

26/10/2020

$510,000-$550,000

62

1 Rialto Street, Point Cook

4

1

1

26/10/2020

$740,000-$760,000

63

38 Seagrass Crescent, Point Cook

4

2

2

21/10/2020

$765,000

64

4 Antonio Drive, Melton South

5

2

2

26/10/2020

$550,000-$570,000

65

12 Crilly Street, Tarneit

4

3

2

26/10/2020

Contact agent

66

1/20 Mermaid Crescent, Wyndham Vale

3

2

2

26/10/2020

Contact agent

67

9 Scarborough Crescent, Harkness

6

2

2

26/10/2020

Contact agent

68

5 Kevin Court, Melton South

4

2

2

26/10/2020

$550,000-$570,000

69

43A Claremont Crescent, Hoppers Crossing

3

2

2

27/10/2020

Contact agent

70

4 Guthrie Drive, Melton South

4

2

2

27/10/2020

$530,000-$560,000

71

39A Darlingsford Boulevard, Melton

4

2

2

27/10/2020

$479,000-$509,000

72

13 Dianella Street, Point Cook

4

2

2

28/10/2020

$700,000 - $740,000

73

63 James Melrose Drive, Brookfield

3

2

2

28/10/2020

$440,000-$470,000

74

8 Barnsbury Road, Wyndham Vale

3

2

2

28/10/2020

Contact agent

75

17 Hazel Street, Melton South

3

2

2

29/10/2020

Contact Agent

76

19 Horatio Street, Point Cook

4

3

2

29/10/2020

$820,000-$860,000

77

2/4 Legana Court, Werribee

2

1

1

30/10/2020

Contact agent

78

22 Spring Drive, Hoppers Crossing

3

2

4

30/10/2020

$479,000-$519,000

79

57 Roehampton Drive, Strathtulloh

4

2

2

31/10/2020

$530,000-$550,000

INSIGHTSREPORT REPORTOCTOBER SEPTEMBER INSIGHTS

PAGE PAGE 18 15

SUBURB IN THE SPOTLIGHT

RELIANCERE.COM.AU

The History of Gisborne

Photo Credit: Wikipedia – Gisborne Fountain

Gisborne is a suburb about 54km north-west of Melbourne, Victoria. It is located within the Macedon Ranges Shire and is also the largest town within the shire. Gisborne is known for its country lifestyle and all its history. Dja Dja Wurrung and Wurundjeri Aboriginal people were the original inhabitants of the area and still to this day are still active in the area. It wasn’t until the 24th March 1837 that Gisborne was first settled upon by European George Hamilton.

In 1840 a gentleman Henry Fyshe Gisborne, Commissioner of Crown Lands set up in Gisborne to assist with the suppression of Aboriginal resistance. It was later on in 1851 when Gisborne was surveyed and was named after him. Gisborne Railway Station is serviced by V/Line and is a two-sided platform station. The railway was first built in 1861 and services both Gisborne and the New Gisborne areas. As well as having a train service the area Heritage Listed Sites: • The Gisborne Mains Homestead – Brooking Road, Gisborne • Gisborne War Monument – Brantome Street, Gisborne • Macedon House – 1 Kilmore Road, Gisborne • Gisborne Shelter Shed – Melbourne Road & Hill Street, Gisborne Fun Facts: • Gisborne first became a shire in 1871 • Towns first Catholic Church was first built in 1875 • Gisborne became apart of the Macedon Ranges Shire in 1995 • Gisborne first post office opened on the 22nd March 1850 • The Gisborne’s Court House and lock-up was first built in 1858 and is still standing today • Gisborne’s Pioneer Park first opened on Australia Day 1997 • In 1840 the first public building in the district was called Travellers’ Rest Hotel but later renamed the Bush Inn in honour of Henry Fyshe Gisborne.

INSIGHTS REPORT OCTOBER

PAGE 16

Auctions are back!

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 OCTOBER

Donna Carson

Glenda Del Pilar

Inder Vasu

Jd Patel

PAGE 18

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 OCTOBER

PAGE 19

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 OCTOBER

PAGE 20

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 OCTOBER

PAGE 21

FEATURED IN OCTOBER

Rentals

OUR OCTOBER

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 OCTOBER

15

20

5

10

15

20

5

10

15

20

5

10

15

20

PAGE 23

OUR OCTOBER

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 OCTOBER

$300 $350 $400 $450

PAGE 24

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 OCTOBER

PAGE 25

RELIANCERE.COM.AU

SELECTION OF

Recently Leased No.

Address

Bed Bath Car

Date

Price

1

18 Guidance Way, Tarneit

1

1

1

1/10/2020

$240 Per week

2

17 Chorley Street, Strathtulloh

4

2

2

2/10/2020

$420 Per Week

3

8 Watagan Street, Tarneit

4

2

2

5/10/2020

$420 Per Week

4

6 Stannifer Street, Tarneit

4

2

2

5/10/2020

$390 Per Week

5

29 Greenleaf Circuit, Tarneit

4

2

2

5/10/2020

$380 Per Week

6

654 Armstrong Road, Wyndham Vale

4

2

2

5/10/2020

$400 Per Week

7

25 Iluka Drive, Werribee

3

2

2

5/10/2020

$350 Per Week

8

11 Patchouli Street, Truganina

3

2

1

5/10/2020

$390 Per Week

9

46 Willmott Drive, Hoppers Crossing

4

2

2

6/10/2020

$390 Per Week

10

8 Tangelo Terrace, Werribee

4

2

2

6/10/2020

$380 Per week

11

10 Rockson Drive, Truganina

4

2

2

7/10/2020

$410 Per Week

12

58c Tom Roberts Parade, Point Cook

3

2

2

7/10/2020

$395 Per Week

13

13 Yamada Street, Truganina

4

2

2

7/10/2020

$410 Per Week

14

Unit 82/27 Turva Avenue, Tarneit

2

1

1

7/10/2020

$330 Per Week

15

1 Bottlebrush Drive, Hoppers Crossing

3

1

2

7/10/2020

$340 Per Week

16

16/2 Rockgarden Drive, Truganina

3

2

2

7/10/2020

$370 Per Week

17

44/27 Turva Avenue, Tarneit

2

1

1

7/10/2020

$330 Per Week

18

3/44 Fitzroy Street, Altona Meadows

2

1

1

8/10/2020

$370 Per Week

19

66 Westcott Parade, Rockbank

3

1

2

8/10/2020

$350 Per Week

20

130 Morris Road, Hoppers Crossing

4

2

9/10/2020

$350 Per Week

INSIGHTS REPORT OCTOBER

PAGE 26

RELIANCERE.COM.AU

SELECTION OF

Recently Leased No.

Address

Bed Bath Car

21

47 Hollington Crescent, Point Cook

3

2

2

22

5/45 Hatchlands Drive, Deer Park

2

1

23

10 Allen Street, Laverton

3

24

20 Labero Drive, Tarneit

25

Date

Price

9/10/2020

$375 Per Week

1

11/10/2020

$360 Per Week

1

2

12/10/2020

$330 Per Week

4

2

2

13/10/2020

$380 Per Week

2/8 Don Avenue, Hoppers Crossing

2

1

1

13/10/2020

$330 Per Week

26

15 Roosevelt Way, Point Cook

3

2

1

15/10/2020 $360 Per Week

27

32 Galvin Street, Altona

3

1

1

16/10/2020 $300 Per Week

28

59 Cuttlefish Circuit, Tarneit

4

2

2

16/10/2020 $420 Per Week

29

14 Alberfeldie Drive, Truganina

4

2

2

16/10/2020

$380 Per Week

30

24 Conservation Way, Weir Views

5

2

4

16/10/2020

$375 Per Week

31

7 Aniseed Close, Point Cook

4

2

2

22/10/2020 $430 Per Week

32

8 Colonial Circuit, Tarneit

4

2

2

22/10/2020 $420 Per Week

33

1B Meek Street, Werribee

2

2

1

22/10/2020 $340 Per Week

34

Unit 1/70 Anderson Road, Sunbury

2

1

1

26/10/2020 $350 Per Week

35

13 Ajax Street, Truganina

4

2

2

26/10/2020 $400 Per Week

36

19 Bellview Drive, Rockbank

4

2

2

27/10/2020 $380 Per Week

37

4 Sleeth Court, Melton West

4

2

2

27/10/2020 $420 Per Week

38

28 Vilnius Way, Truganina

3

2

1

28/10/2020 $370 Per Week

39

16 Shady Street, Werribee

4

2

2

28/10/2020 $370 Per Week

40

Unit 1/122 Shaws Road, Werribee

2

1

1

29/10/2020 $290 Per Week

INSIGHTSREPORT REPORTOCTOBER SEPTEMBER INSIGHTS

PAGE 27 18 PAGE

SUBURB IN THE SPOTLIGHT

RELIANCERE.COM.AU

The History of Hoppers Crossing

Mossfiel Primary School, Hoppers Crossing – Photo Credit: house.speakingsname.com

Hoppers Crossing is a suburb in the south-west of Melbourne, Victoria and is located within the City of Wyndham. The suburbs name originated from local residents of the area, Stephen Hopper.

Hoppers Crossing only had a general store up until 1963. It wasn’t until 1983 where we saw the suburb opening its own shopping centre which included a Target, Safeway but now known as Woolworths and only 10 other retailer stores.

The first primary school to open in the area was Mossfiel Primary School which opened in 1970 and is still open to this day. The red river gum of the Werribee River Valley is the reason for the school uniform colours which are now green and gold.

Hoppers Crossing railway station first opened on the Werribee line on the 16th November 1970 which was located on the western side of Old Geelong Road. In 1980 proposals were made for the station due to stationary trains blocking the level crossing, the station was relocated eastern side of the crossing in 1983.

Land began to be subdivided in 1963 by former shearer Baden Powell. The first blocks sold all those years ago sold for only six hundred dollars. Powell was a very dedicated Richmond fan so many of the street names were named after former Richmond Football players.

Fun Facts • According to the 2016 Census, the population of Hoppers Crossing was 38,701 • First Post Office opened on the 2nd June 1975 • Australian triple Olympian Russell Mark calls Hoppers Crossing home • Skeleton Creek has been home to many native reptiles such as tiger snakes, brush • tail possums and striped skinks just to name a few.

INSIGHTS REPORT OCTOBER

PAGE 28

RELIANCERE.COM.AU

SELECTION OF

Just listed No.

Address

Bed Bath Car

1

90 Bruckner Drive, Point Cook

4

3

2

5/10/2020

2

Unit 2/21 Red Robin Road, Truganina

3

2

1

6/10/2020

$370 Per Week

3

10 Denali Road, Truganina

4

2

2

6/10/2020

$430 Per Week

4

6 Shield Road, Point Cook

3

2

2

6/10/2020

$380 Per Week

5

15/2 Rockgarden Drive, Truganina

2

1

1

6/10/2020

$340 Per Week

6

7 Parrot Drive, Weir Views

3

2

1

7/10/2020

$330 Per Week

7

11 Granya Street, Tarneit

3

2

2

7/10/2020

$410 Per Week

8

Unit 2/30 Harrow Place, Truganina

3

2

1

8/10/2020

$350 Per Week

9

12 Archie Street, Tarneit

3

2

2

8/10/2020

$350 Per Week

10

8 Kilpatrick Street, Tarneit

4

2

2

9/10/2020

$400 Per Week

11

30 Exford Road, Melton South

4

2

2

9/10/2020

$310 Per Week

12

26 Wagner Drive, Werribee

4

2

2

12/10/2020

$365 Per Week

13

22 Augusta Way, Strathtulloh

4

2

2

13/10/2020

$380 Per Week

14

9 Creswick Drive, Point Cook

3

2

1

14/10/2020

$390 Per Week

15

18 Barramunga Street, Tarneit

4

2

2

15/10/2020

$410 Per Week

16

1 Harriet Street, Werribee

4

2

2

16/10/2020

$370 Per Week

17

276D Sayers Road, Truganina

4

2

2

19/10/2020

$430 Per Week

18

13 Lucas Terrace, Taylors Hill

3

2

1

19/10/2020

$400 Per Week

19

12 Gazley Court, Altona Meadows

3

2

2

20/10/2020

$380 Per Week

20

7 Zetland Way, Tarneit

4

2

2

20/10/2020

$430 Per Week

INSIGHTSREPORT REPORTOCTOBER SEPTEMBER INSIGHTS

Date

Price $450 Per Week

PAGE 29 18 PAGE

RELIANCERE.COM.AU

SELECTION OF

Just listed No.

Address

Bed Bath Car

Date

Price

21

51 Newforest Drive, Aintree

4

2

2

21/10/2020

$430 Per Week

22

43 Mapleton Boulevard, Melton South

2

1

1

21/10/2020

$340 Per Week

23

2B Sedgefield Avenue, Truganina

4

2

2

22/10/2020

$380 Per Week

22/10/2020

$420 Per Week

24

2 Airfield Grove, Point Cook

4

2

2

25

Unit 5/66 Duncans Road, Werribee

2

1

1

26/10/2020

$310 Per Week

26

12 Tributary Way, Weir Views

4

2

2

27/10/2020

$400 Per Week

27

41 Jupiter Drive, Truganina

4

2

2

27/10/2020 $460 Per Week

28

26 Meighen Circuit, Melton South

4

2

2

27/10/2020

$380 Per Week

29

2/49 Ivanhoe Avenue, St Albans

2

3

2

27/10/2020

$400 Per Week

30

12 Havelock Place, Wyndham Vale

2

1

1

28/10/2020

$300 Per Week

31

1 Champion Court, Truganina

3

2

2

28/10/2020

$370 Per Week

32

3 Virk Street, Thornhill Park

4

2

2

28/10/2020 $400 Per Week

33

41/27 Turva Avenue, Tarneit

3

2

2

29/10/2020 $370 Per Week

34

684 Tarneit Road, Tarneit

4

2

2

29/10/2020 $390 Per Week

35

1/24 Tyler Crescent, Tarneit

2

1

1

30/10/2020 $345 Per Week

36

25 Hilda Drive, Brookfield

3

2

2

30/10/2020 $370 Per Week

37

20 Grace Street, Melton South

3

2

2

30/10/2020 $320 Per Week

INSIGHTSREPORT REPORTOCTOBER SEPTEMBER INSIGHTS

PAGE 30 18 PAGE

PROPERTY MANAGEMENT

RELIANCERE.COM.AU

Summary 49

LEASED PROPERTIES

$401 55 79

AVERAGE LEASE PRICE PER WEEK

NEW LISTINGS FOR LEASE

ROUTINE INSPECTION

INSIGHTS REPORT OCTOBER

PAGE 31

RELIANCERE.COM.AU

SALES

Summary 85

SOLD PROPERTIES

$643K 77

AVERAGE SALE PRICE

PROPERTY APPRAISALS

130

NEW LISTINGS

INSIGHTS REPORT OCTOBER

PAGE 32

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