April delivered a dynamic rental landscape across our key areas, shaped by school holidays, Easter, and the ANZAC Day long weekend. Despite the holiday interruptions, demand remained strong, particularly for well-presented, accurately priced homes. Below, our team shares recent renter patterns and standout properties from each region.
Property ManagementOur April Rental Market Review
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05 May 2025
Stonnington
Stonnington saw solid activity, with family homes particularly sought after. Supply remains tight, especially for premium homes, resulting in quick turnarounds for standout listings.
Feature Property: 2.05/680 Orrong Road, Armadale 3 bed | 2 bath | 2 car Leased for $2,200 per week
Boroondara
A strong month overall, with most properties leasing within two weeks when priced and presented well. Activity slowed slightly over the Easter/ANZAC break but demand quickly rebounded.
Feature Property: 44 Wattle Road, Hawthorn (off-market) 5 bed | 3 bath | 3 car Leased for $3,500 per week.
Balwyn
Balwyn had a solid month, with the majority of properties leasing within just a week. Well-priced homes in this sought-after suburb are attracting strong interest from quality renters, particularly those looking for family-friendly layouts and proximity to top schools.
Feature Property: 9 Cypress Way, Kew 4 bed | 3 bath | 2 car Leased for $1,455 per week
Manningham
Well-priced larger homes continue to attract strong interest in the area, with quick turnaround times.
Feature Property: 17 Heritage Boulevard, Doncaster 4 bed | 3 bath | 2 car Leased for $1,350 per week
Mornington Peninsula
Post-holiday listings increased as expected, with owners preparing properties for lease over the school holidays and Easter. Mount Eliza remains in high demand, especially for houses, with rents forecast to rise through the financial year.
Feature Property: 33 Ocean Grove, Mount Eliza 3 bed | 2 bath | 2 car Leased for $900 per week
Port Phillip
April brought a mixed pace to the market, starting strong before slowing over the school holidays and Easter/ANZAC break, then regaining momentum toward the end of the month. Well-priced, quality properties continued to attract multiple applications.
Feature Property: 62 St Vincent Street, Albert Park (off-market) 4 bed | 2 bath | 1 car Leased for $1,850 per week
Bayside
Bayside remains one of the most active markets, with homes leasing in under two weeks on average. Smaller homes continue to perform well, often leasing after the first inspection.
Feature Property: 31 Victoria Street, Sandringham (re-let off-market) 5 bed | 4 bath | 4 car Leased for $2,500 per week
Projects
One-bedroom apartments continue to be in high demand, particularly those offering outdoor space such as courtyards, balconies, or rooftop access. Lifestyle remains a top priority for renters, especially in newer developments where amenities and open-air living add tangible value.
Feature Property: 112/585 Burke Road, Camberwell 3 bed | 2 bath | 2 car Leased for $995 per week
Accurate pricing and attractive presentation are the key drivers of success. Properties priced appropriately for market conditions are leasing fast, and we are seeing multiple applications, especially for homes with space and lifestyle appeal.
If you are looking to lease your home, optimise your rental return, or simply want expert advice on your suburb, the Marshall White Property Management team is here to help.
Contact us today to speak with one of our experienced property managers.
