04 SAME HOME, DIFFERENT YEAR - HOW VALUE SHIFTED ACROSS MELBOURNE’S SOUTH EAST
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BEHIND THE SCENES OF COMMERCIAL PROPERTY MANAGEMENT
24 LEASED IN NOVEMBER Leasing Statistics For November 2025
From the family-friendly streets of Narre Warren to the lifestyle properties of Pakenham Upper, recent resales across Melbourne’s south-east reveal a compelling story where time, lifestyle shifts, and smart improvements can significantly reshape a home’s market value. Whether you’re buying, selling, or renovating, these local results offer valuable insights into how properties evolve over time and what drives buyers today.
Across the south-east of Melbourne, one theme stands out, well-located homes continue to deliver strong capital growth regardless of market fluctuations. In Narre Warren, modest family homes on quiet streets have grown steadily thanks to consistent buyer demand and limited stock. Meanwhile, in Hampton Park, entry-level properties have rewarded owners who entered the market early and held through multiple cycles. Renovation has also proven a lucrative force. A fully updated unit in Berwick dramatically outpaced the broader market, demonstrating how upgrades like modern kitchens, refreshed
bathrooms, and low-maintenance finishes can transform both appeal and price. At the prestige end, Berwick redefines local luxury, with a knockdown rebuild turning an original Old Berwick home into a multimillion-dollar luxury residence that reflects the suburb’s blue-chip evolution.
But nowhere is lifestyle demand more evident than in Pakenham Upper. Acreage properties offering space, privacy, and beautiful fresh air, have surged in popularity, attracting Melbourne buyers seeking rural tranquillity without sacrificing connectivity. Large parcels with quality accommodation, views, and usable land now command significant premiums, and the trend shows no signs of slowing.
Across the region, the message is clear, land, location, and lifestyle remain the strongest longterm performers. With tight stock levels and ongoing buyer interest, Melbourne’s south-eastern suburbs continue to present opportunity for homeowners and investors.
1/42 Strathavan Drive, Berwick
A quality, full renovation transformed a solid unit into a modern, low-maintenance home with broad appeal to owner-occupiers and renters.
Sold 2021: $452,000
Sold 2025: $652,500
8 Church Street, Berwick
Knock-down rebuild on bluechip land. Land + location + architectural replacement can reset value bands entirely.
Originally Sold: $842,000 Resale with new build: $3,000,000
368 Pakenham Road, Pakenham Upper
Semi-rural living remains a standout performer; presentation and amenity will set the next benchmark.
Sold 2017: $700,000
Sold 2021: $1,180,000
Coming Soon to Market 2025: Price TBA
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Commercial property management is far more than collecting rent and arranging the odd repair. Behind every well-run building is a property manager coordinating people, processes and plans so tenants can focus on business and owners can focus on returns.
Your First National Commercial Property Manager sits at the centre of a busy operation. They oversee repairs and maintenance, organise contractors, manage safety and compliance, and coordinate upgrades or refurbishments. When something goes wrong, from a burst pipe to a failed air-conditioner, they respond quickly, find solutions and keep everyone informed.
Tenant satisfaction is critical. Responsive management, clear communication and proactive planning all help businesses feel supported. Happy tenants are more likely to stay longer, renew leases and recommend the building, reducing vacancy and income risk for owners.
Commercial properties are investments, and First National Neilson Partners Property Managers play a central financial role. We prepare budgets,
manage outgoings, coordinate rent reviews and advise on capital improvements. Smart decisions about where and when to invest in the asset can lift appeal, performance and longterm value.
Above all, commercial property management is about relationships, balancing tenant needs, owner goals and market realities. Partnering with an experienced management team, like First National Neilson Partners means your property is not just occupied, but positioned to perform.
To review the management of your commercial asset or discuss your next move, contact Flynn McKenna, Shannon Hynd and the commercial team today on (03) 9705 4888 or shannon.h@neilsonpartners.com.au
