Insights Report - January 2020

JANUARY

Insights

reliancere.com.au

TABLE OF

Contents

3 4

WELCOME A message from the Founder/CEO Sunil Kumar

ARTICLES Featured articles from the month of January

7

MEET THE LOCALS

9

SALES SUMMARY

18

RENTALS ACTIVITY

27

SUMMARY

Featured Sold and on Market listings

Featured Sold and on Market listings

Featured Leased and on Market listings

A quick summary of the month

SUNIL KUMAR

CEO/Founder One month down, eleven months to go – 2020 is already showing signs of incredible strength in the market. We started the year with our annual Launch pad event, elevating our individuals thinking and knowledge to be able to service our clients’ needs to a higher capacity. With the ever-changing market it is important that we stay ‘ahead of the pack’ and revolutionizing the real estate industry.

We are declaring that Reliance 2.0 is launching in 2020; with already so many of our projects coming into affect. As a local business ourselves, we wanted to give back to the community that continues to give us so much, on February 5th we are launching ‘Meet the Locals’ an eight-part web series interviewing our local business men and women.

Over the years, Reliance has been recognised for our award winning service – it appears that this year will be no different. The record-breaking Reliance Melton was announced as Real Estate Business 8th Top Sales office in Australia which is a commandment to their sales volumes throughout twenty-nineteen.

Reliance is also proud members of the Australasian training body, Real Estate Results Network, led by Michael Sheargold dedicated to empowering agents and agencies to be the best they can be. Proud members for nearly five years, they have assisted in growing Reliance to new heights.

Every year the Real Estate Results Network has their annual awards night, the ARERA’s we are proud to have found out that we have been recognized as finalists in eight categories; • Agency of the Year • Community Achievement of the Year • Property Management Agency of the Year • Agent of the Year – Sandy Rana • Victorian Agent of the Year – Taney Jain • Manager of the Year – Stevie Bell • Principal of the Year – Sunil Kumar • Sales Performer of the Yea – Taney Jain • Support of the Year – Madelyne Stojanovic We look forward to celebrating with our team in Sydney on the 24th of February 2020 and hopefully ‘taking out the win’ in some of the renowned categories.

Sincerely,

Sunil Kumar CEO/Director of Reliance Real Estate

FEATURED IN JANUARY

Articles

FEATURED IN JANUARY

RELIANCERE.COM.AU

Articles

Interior Design Trends for 2020 Bring Nature into the Home

Wall Paneling

Making your home an indoor sanctuary is one of the biggest trends of the moment, not only does it reap many benefits it also brings adds a tranquil feeling into your home. Having indoor plants is said to boast many health benefits such as boosting mood, productivity, concentration and creativity. Our personal favorites are: Fiddle Leaf Fig, Monstera Deliciosa, Peace Lily, Chinese Money Plants, Crocodile Fern & String of Pearls

We are predicting that Wall Paneling will be a very popular choice for renovations and new builds in 2020.

The paneling brings dimension to the space and can be included in so many different styles, finish it off in a white or light grey making it coastal, or deepen the space with a black making it look more industrial.

Image result for wall paneling

Image result for indoor plants home styling

Terrazzo Classic Blue and all things New The Pantone Colour of the Year for 2020 was announced as ‘Classic Blue’ representing calmness, confidence and connection. It’s predicted that Blue is the new Grey! Are you bold enough to incorporate this into your home design?Image result for pantone classic blue

We seen Terrazzo be featured heavily in the last season of Channel Nines, The Block. We are now seeing the composite surface everywhere in the stores, in forms of pots, plates and tiling. Our personal favorite is the Terrazzo flooring in a bathroom, bringing in texture and interest to the space.

Image result for terrazzo bathroom floor

THE MARKET REPORT

PAGE 5

FEATURED IN JANUARY

RELIANCERE.COM.AU

Articles Reliance expands its presence in Victoria Reliance brings in the New Year with the opening of a new office in Bacchus Marsh. The office will be led by accomplished Principal, Sandy Rana and Office Manager, Shubham Rana. Both working in the local area, therefore, understand the market and the needs of their clients with their over ten years experience collectively.

Shubham Rana is an experienced and multi award-winning Sales Agent who has an accomplished list of successful sales and record results.

His strong negotiation skills and knowledge of his market are the foundation of his ongoing success.

The Bacchus Marsh Boom

The entire Reliance team have been very supportive and invested much in the successful setup and launch of our business.” Mr Rana said.

Bacchus Marsh – a town once known as a market garden area for its vast amount of fresh local produce, is now amidst a population and growth boom, becoming a well sought-after location for settling in. The Australian Bureau of Statistics reported that the population in Bacchus Marsh in mid-2018 was 22,223, and upon collaboration with the Moorabool Shire Council, the VPA estimated that the population is set to double over the next two decades to around 40,000 residents.

Strategically situated on the doorstep of one of Melbourne’s fastest-growing suburbs of Bacchus marsh, the Reliance team will offer a broad offering including residential, rural, commercial and land sales, property management and auctions.

So what is drawing the crowd?

This slow pace of life, the wide, open spaces and the relative closeness to Melbourne’s CBD have attracted thousands of new residents to the area over the past decade. Statistics are showing people are relocating from areas such as Werribee, Point Cook and Caroline Springs for better value for money.

We hope to see you there..!

GRAND OPENING: BACCHUS MARSH WHEN: 7TH FEB AT 2:30PM WHERE: SHOP 2/135-137 MAIN STREET BACCHUS MARSH VIC 3340

Bacchus Marsh attractions: + Werribee George State Park + Lerderderge Gorge + Paynes Orchards + Naturipe Fruits & Strawberry Picking + Bacchus Marsh Grammar

Bacchus Marsh for property investment: According to realestate.com.au, the Median property prices over the last year range from $498,300 for houses to $399,500 for units. If you are looking for an investment property, consider houses in Bacchus Marsh rent out for $360 PW with an annual rental yield of 3.8% and units rent for $300 PW with a rental yield of 3.9%. Based on five years of sales, Bacchus Marsh has seen a compound growth rate of 7.6% for houses and 6.1% for units.

THE MARKET REPORT

PAGE 6

FEATURED IN JANUARY

Meet The Locals

Eight part web-series exclusive to Reliance Our connection with the local communities we serve runs deep within our company’s culture and we are active and passionate about celebrating and promoting the communities we live and work in.

Episode 1 Gracie’s Boutquie 05/02/2020

Episode 2 Blue Marlin 17/02/2020

Episode 3 Sprinkles 02/03/2020

Episode 4 Hair of the dog 16/03/2020

Episode 5 Funding Force 30/03/2020

Episode 6 Bridge Hotel Coming Soon - TBA

THE MARKET REPORT

PAGE 7

FEATURED IN JANUARY

Sales

RELIANCERE.COM.AU

IN JANUARY

Sold Properties CAROLINE SPRINGS

POINT COOK

OTHER AGENCIES

OTHER AGENCIES 5 10 15 20 25 30 35

5 10 15 20 25 30 35

MELTON

TARNEIT

OTHER AGENCIES

OTHER AGENCIES 5 10 15 20 25 30 35

5 10 15 20 25 30 35

WERRIBEE

SUNBURY

OTHER AGENCYS

OTHER AGENCIES 5 10 15 20 25 30 35

THE MARKET REPORT

5 10 15 20 25 30 35

PAGE 9

RELIANCERE.COM.AU

IN JANUARY

Median Sale Price CAROLINE SPRINGS

POINT COOK

OTHER AGENCIES

OTHER AGENCIES 300K 500K 800K 1M

300K 500K 800K 1M

MELTON

TARNEIT

OTHER AGENCIES

OTHER AGENCIES 300K 500K 800K 1M

300K 500K 800K 1M

WERRIBEE

SUNBURY

OTHER AGENCIES

OTHER AGENCIES 300K 500K 800K 1M

THE MARKET REPORT

300K 500K 800K 1M

PAGE 10

RELIANCERE.COM.AU

IN JANUARY

Days On Market CAROLINE SPRINGS

POINT COOK

OTHER AGENCIES

OTHER AGENCIES 5 10 15 20 25 30 35

5 10 15 20 25 30 35

MELTON

TARNEIT

OTHER AGENCIES

OTHER AGENCIES 5 10 15 20 25 30 35

5 10 15 20 25 30 35

WERRIBEE

SUNBURY

OTHER AGENCIES

OTHER AGENCIES 5 10 15 20 25 30 35

THE MARKET REPORT

5 10 15 20 25 30 35

PAGE 11

RELIANCERE.COM.AU

IN JANUARY

Recently Sold No.

Address

Date

Price

1

36 Stem Street, Kurunjang

4

2

2

1/1/2020

$433,000

2

18 Gamalite Drive, Harkness

4

2

2

6/1/2020

$460,000

3

1 Torrance Drive, Harkness

4

2

2

6/1/2020

$460,000

4

1/43 Vanderbilt Avenue, Truganina

3

2

1

6/1/2020

$400,000

5

16 Arrowgrass Drive, Point Cook

4

2

2

6/1/2020

$840,000

6

31 Stretton Drive, Brookfield

4

2

2

6/1/2020

$565,000

7

26 Lifestyle Street, Diggers Rest

3

2

1

6/1/2020

$435,000

8

30 Maplewood Close, Brookfield

4

2

4

8/1/2020

$830,000

9

12 Bass Court Melton South

4

2

2

10/1/2020

$400,000

10

69 Edgbaston Pde, Caroline Springs

4

2

2

11/1/2020

$645,000

11

96 Modern Crescent, Tarneit

4

2

2

11/1/2020

$645,000

12

12 Woodlea Boulevard Aintree

4

2

2

13/1/2020

$790,000

13

51 Colton Avenue, Melton South

5

2

2

13/1/2020

$490,000

14

2 Moreton Close Caroline Springs

5

2

2

14/1/2020

$670,000

15

7 Crowe Street Hoppers Crossing

3

1

2

14/1/2020

$490,000

16

15 Rushton Avenue Melton South

3

2

2

15/1/2020

$490,000

17

1 Gloaming Ride , Kurunjang

4

2

2

15/1/2020

$900,000

18

9 Welland Road, Melton South

4

2

2

16/1/2020

$505,000

19

1/70 Feathertop Dr, Wyndham Vale

3

2

2

17/1/2020

$418,000

20

42 Modern Crescent, Tarneit

3

2

1

21/1/2020

$407,000

THE MARKET REPORT

Bed Bath Car

PAGE 12

RELIANCERE.COM.AU

IN JANUARY

Recently Sold No.

Address

Bed Bath Car

Date

Price

21

22 Santarosa Avenue Tarneit

4

2

2

21/1/2020

$516,000

22

30 Stem Street Kurunjang

3

2

3

20/1/2020

$385,000

23

30 Finlay Avenue Melton West

3

2

2

20/1/2020

$380,000

24

5 Faircroft Drive Brookfield

4

2

2

20/1/2020

$371,000

25

21 Wiltshire Boulevard Thornhill Park

4

2

2

20/1/2020

$680,000

26

29 Seafarer Way Sanctuary Lakes

4

2

2

20/1/2020

$595,000

27

1/3 Weeks Avenue Harkness

3

2

1

21/1/2020

$407,000

28

17 Barnato Street Melton South

4

2

2

21/1/2020

$510,000

29

8 Broken Court Werribee

4

1

4

21/1/2020

$480,000

30

31 Surrey Grove Point Cook

4

2

2

23/1/2020

$520,250

31

11 Brooksby Circuit Harkness

4

2

2

23/1/2020

$487,000

32

77 Killarney Drive Melton

6

5

4

24/1/2020

$1,635,000

33

7/76 Purchas Street Werribee

3

3

2

25/1/2020

$482,000

34

19 Johnson Avenue Hoppers Crossing

3

2

3

25/1/2020

$565,000

35

15 Thrice Lane Kurunjang

3

2

2

25/1/2020

$513,000

36

13 Aquatic Drive Werribee South

5

3

2

27/1/2020

$760,000

37

43 Higgs Circuit Sunbury

4

2

4

28/1/2020

$650,000

38

35 Montmarte Boulevard Burnside

4

2

2

28/1/2020

$635,000

39

37 Rose Grange Boulevard Tarneit

3

2

2

30/1/2020

$595,000

40

38 Daintree Boulevard Tarneit

4

2

2

30/1/2020

$775,000

THE MARKET REPORT

PAGE 13

LISTED IN JANUARY

RELIANCERE.COM.AU

Now Selling

NOW SELLING 8 Killarney Drive Melton

4

2

2

NOW SELLING

4

2

2

12 Sapphire Road, Melton South

NOW SELLING

18 Warringa Crescent, Hoppers Crossing

3

1

1

NOW SELLING

4

2

2

NOW SELLING

4

3

2

NOW SELLING

3

2

1

NOW SELLING

5

2

9

NOW SELLING

3

1

1

NOW SELLING

4

2

2

NOW SELLING

4

2

2

NOW SELLING

4

2

2

NOW SELLING

4

2

4

NOW SELLING

4

2

2

NOW SELLING

3

1

1

NOW SELLING

4

2

2

33 Wimbledon Boulevard, Melton South

65 Rifle Range Road Werribee South

1 Christen Court, Hoppers Crossing

10 Pinecone Court, Werribee

THE MARKET REPORT

70 Smythe Street Portarlington

25 Hollington Crescent, Point Cook

22 Flagstaff Crescent, Point Cook

45 Blaxland Drive, Sunbury

4/32 Parawong Parade, Wyndham Vale

61 Turpentine Road, Brookfield

52 Parramatta Road, Werribee

15 Maclarens Close, Manor Lakes

PAGE 14

RELIANCERE.COM.AU

SALES TEAM

Meet Our AJ

Aarti Puri

Abhi Elawadhi

Abishek Parashar

Ajay Nain

Akash Choudhary

Akhil Kansal

Anmol Singh

Donna Carson

Glenda Del Pilar

Dhruv Chaudhary

Gurmit Singh Aiden

Jessica Leng THE MARKET REPORT

Divyesh Waghela

Harry Patel

Inder Vasu

Jd Patel

Jimmy Gill

Kamlesh Kamani

Kanan Patel PAGE 15

RELIANCERE.COM.AU

SALES TEAM

Meet Our

Karan Kapoor

Karan Vejrani

Kaydee Singh

Lucy Walsh

Lynette Kepu

Mavi Singh

Meenu Mehndiratta

Mick Vashisht

Milan Neotane

Nirav Parikh

THE MARKET REPORT

Moonah Ahmed

Nitesh Rana

Nam Duy Tran (danny)

Pratik Shah

Nik Behl

Prince Dhir

PAGE 16

RELIANCERE.COM.AU

SALES TEAM

Meet Our

Priya Chowdary

Ruban Kaur

Rachael Ragusa

Raj Pratap

Ravi Khepar

Sagar Singh

Shubham Rana

Socorro Gomez

Sushant Peshin

Taney Jain

Varun Vagdhan

Vikas Rana

Vishal Malik

Yash Sethi

THE MARKET REPORT

Vik Monga

PAGE 17

FEATURED IN JANUARY

Rentals

RELIANCERE.COM.AU

IN JANUARY

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

THE MARKET REPORT

$300 $350 $400 $450

PAGE 19

RELIANCERE.COM.AU

IN JANUARY

Days On Market CAROLINE SPRINGS

POINT COOK

OTHER AGENCIES

OTHER AGENCIES 5 10 15 20 25 30 35

5 10 15 20 25 30 35

MELTON

TARNEIT

OTHER AGENCIES

OTHER AGENCIES 5 10 15 20 25 30 35

5 10 15 20 25 30 35

WERRIBEE

SUNBURY

OTHER AGENCIES

OTHER AGENCIES 5 10 15 20 25 30 35

THE MARKET REPORT

5 10 15 20 25 30 35

PAGE 21

RELIANCERE.COM.AU

IN JANUARY

Leased Properties CAROLINE SPRINGS

POINT COOK

OTHER AGENCIES

OTHER AGENCIES 5 10 15 20 25 30 35

5 10 15 20 25 30 35

MELTON

TARNEIT

OTHER AGENCIES

OTHER AGENCIES 5 10 15 20 25 30 35

5 10 15 20 25 30 35

WERRIBEE

SUNBURY

OTHER AGENCIES

OTHER AGENCIES 5 10 15 20 25 30 35

THE MARKET REPORT

5 10 15 20 25 30 35

PAGE 22

RELIANCERE.COM.AU

IN JANUARY

Recently Leased No.

Address

1

21 Broadstone Way, Point Cook

4

2

2

2

3 Solitude Crescent, Point Cook

4

2

2

6/1/2020

$420

3

4 Tribute Court, Hoppers Crossing

3

2

4

7/1/2020

$360

4

4 Macrobertson Way, Hoppers Crossing

3

2

2

7/1/2020

$360

5

90 Point Cook Road, Seabrook

3

2

2

7/1/2020

$390

6

18 Meighen Circuit, Melton South

4

2

2

8/1/2020

$380

7

15 Cameron Drive, Hoppers Crossing

4

2

2

8/1/2020

$450

8

33 Burleigh Road, Melton

4

2

6

8/1/2020

$330

9

7 Ironwood Drive, Point Cook

4

2

2

8/1/2020

$440

10

14 Callistemon Drive, Hoppers Crossing

3

2

2

9/1/2020

11

115 Sunset Views Boulevard, Tarneit

3

2

4

9/1/2020

$410

12

178 McGrath Road, Wyndham Vale

3

1

2

9/1/2020

$330

13

5 Riverton Boulevard, Harkness

4

2

2

11/1/2020

$390

14

5 Wootton Court, Melton South

4

1

1

11/1/2020

$350

15

39 Bowling Avenue, Point Cook

5

4

2

13/1/2020

$580

16

60 Wreath Drive, Tarneit

4

2

2

13/1/2020

$370

17

142 The Strand , Point Cook

4

2

2

13/1/2020

$430

18

315/111 Overton Rd, Williams Landing

0

0

3

14/1/2020

$29,900

19

20 Ambassador Crescent, Point Cook

3

2

2

14/1/2020

$380

20

34 Santarosa Avenue, Tarneit

4

2

2

15/1/2020

$430

THE MARKET REPORT

Bed Bath Car

Date

Price

6/1/2020

$380

$360

PAGE 23

RELIANCERE.COM.AU

IN JANUARY

Recently Leased No.

Address

21

36 Harlem Circuit, Point Cook

Bed Bath Car 3

2

1

Date

Price

15/1/2020

$360

22

19 Marble Drive, Melton South

5

2

0

16/1/2020

$500

23

4/44 Fitzoy Street, Altona Meadows

2

1

1

16/1/2020

$380

24

20 Souvenir Street, Truganina

4

2

2

16/1/2020

$425

25

18 Damask Drive, Tarneit

2

1

2

16/1/2020

$360

26

4 Wyatt Place, Melton West

4

1

6

16/1/2020

$340

27

2 Alexandra Street, Melton

4

2

4

17/1/2020

$380

28

13 Starflower Way, Truganina

4

2

2

17/1/2020

$420

29

1160 Ison Road, Manor Lakes

4

2

2

17/1/2020

$425

30

7 Amy Close, Hoppers Crossing

3

2

1

17/1/2020

$370

31

17 Rosina Drive, Melton

3

1

3

20/1/2020

$300

32

50 Andrew Street, Melton South

3

1

2

20/1/2020

$350

33

52 Brightvale Boulevard, Wyndham Vale

3

2

2

21/1/2020

$370

34

2/246 Hogans Road, Hoppers Crossing

3

2

1

21/1/2020

$350

35

6 Kings Way, Melton

4

2

2

22/1/2020

$370

36

13 Black Dog Drive, Brookfield

4

2

1

22/1/2020

$380

37

19 Kingsford Avenue, Melton South

3

1

5

23/1/2020

$330

38

91 Federal Drive, Wyndham Vale

4

2

2

23/1/2020

$370

39

Unit 1/12 Puli Street, Werribee

2

1

1

24/1/2020

$275

40

3 Furlong Street, Tarneit

4

2

3

THE MARKET REPORT

24/1/2020

$410

PAGE 24

RELIANCERE.COM.AU

IN JANUARY

Recently Leased No.

Address

41

6 Abbott Street, Melton South

42

30 Baggott Drive, Hoppers Crossing

Bed Bath Car 4

2

2

Date 24/1/2020

Price $360

3

1

3

29/1/2020

$350

43

9 Bolger Crescent, Hoppers Crossing

3

1

3

29/1/2020

$360

44

37 Stokeheath Way, Caroline Springs

3

2

1

30/1/2020

$390

45

3 Essex Drive, Melton

3

1

2

30/1/2020

$300

46

69 Malibu Boulevard, Point Cook

4

2

2

30/1/2020

$500

47

6 Butler Grove, Wyndham Vale

4

2

2

30/1/2020

$390

48

29 Penguin Street, Melton

5

2

2

31/1/2020

$370

49

4 Falcon Drive, Melton

4

1

1

31/1/2020

$330

THE MARKET REPORT

PAGE 25

RELIANCERE.COM.AU

PROPERTY MANAGEMENT TEAM

Meet Our

Alexandra Belson

Ashlee Sciberras

Bansari Raval

Isha Monga

Kayla Joyce

Pawan Braich

Rahul Mandhan

Rajan Kaur

Tyra Suemai

Sanchit Walia

Vita Wibianty

THE MARKET REPORT

Melanie Cressey

Deepthi Yedla

Nikki Kaur

Samantha Grima

PAGE 26

RELIANCERE.COM.AU

SALES

Summary 40

TOTAL PROPERTIES SOLD IN JANUARY

90%

AVERAGE AUCTION CLEARANCE RATE

$528,213 7

AVERAGE SALE PRICE

AVERAGE DAYS ON MARKET

70 94

EXPERIENCED TEAM MEMBERS

NEW LISTINGS HITTING THE MARKET

THE MARKET REPORT

PAGE 27

PROPERTY MANAGEMENT

RELIANCERE.COM.AU

Summary 49 90

TOTAL PROPERTIES LEASED IN JANUARY

APPLICATIONS PROCESSED

$394 10 14 31

AVERAGE LEASE PRICE PER WEEK

AVERAGE DAYS ON MARKET

EXPERIENCED TEAM MEMBERS

NEW LISTINGS HITTING THE MARKET

THE MARKET REPORT

PAGE 28

RELIANCE HQ 10/22-30 Wallace Avenue Point Cook VIC 3030 (03) 8372 2018 hq@reliancere.com.au