September brought steady, well-balanced activity across our rental markets. Enquiries remained consistent, and well-presented homes in convenient, walkable locations continued to draw multiple applications. Pricing sensitivity was evident in some areas, yet quality listings still achieved strong outcomes within reasonable timeframes.
Property ManagementOur September Rental Market Review
Next ArticleOur September Rental Market Review
08 October 2025
Stonnington
Enquiries from prospective renters remained strong across the municipality. Family homes remain in short supply, with a modest increase expected as we move further into spring. One- and two-bedroom apartments recorded steady activity, with both listings and leasing levels consistent. A busy month overall, with many successful leases, ranging from modern apartments to character homes.
Feature Property: 9 Chomley Street, Prahran – $1,200 per week, 3 bed, 1 bath, 1 car.
Boroondara – Hawthorn
A strong, mixed month across the inner-east, ranging from smart one-bedroom apartments to substantial family homes. Quality presentation and realistic pricing were key, with several properties securing applications within days. Executive apartments in luxury developments performed particularly well, reflecting demand from professionals returning to the office-adjacent suburbs.
Feature Property: Executive 2 bed, 2 bath, 1 car apartment – leased within a few days at $950 per week in a premium development.
Boroondara – Balwyn
Balwyn and its surrounds recorded longer days on the market compared to the same time last year. Demand was healthiest at $900 per week and below, with softer enquiry at the premium end unless homes presented exceptional value. Even so, targeted campaigns and accurate pricing continued to deliver solid results, including several quiet (off-market) placements for qualified renters.
Feature Property: 62A Bulleen Road, Balwyn North – leased off-market for $1,030 per week, 4 bed, 2 bath, 2 car.
Port Phillip
With spring weather improving, interest lifted—particularly among renters seeking proximity to the water. Applications remained high quality, and we secured 10 leases this month (nine re-lets and one new business). Longer-term commitments were a theme, with several renters opting for multi-year leases that build stability for rental providers.
Feature Property: 602/49 Beach Street, Port Melbourne – leased for $1,785 per week on a 24-month term, increasing to $1,840 in year two; 2 bed, 2 bath, 2 car.
Bayside
Demand strengthened in the lead-up to spring, especially for larger family homes. Listings with four or more bedrooms, pools and strong presentation frequently leased within two weeks. Overall, Bayside remained competitive, with well-located, well-maintained properties achieving confident results after concise campaigns.
Feature Property: 14 Cromer Road, Beaumaris – $1,800 per week, leased in 15 days; 4 bed, 2 bath, 2 car.
Manningham
Conditions were balanced, with steady enquiry and a clear preference for practical floorplans and generous internal living zones. Many applicants prioritised larger living rooms or additional bedrooms over extensive outdoor space, and some sought modest adjustments from the asking price. On average, well-priced homes achieved leases in roughly three weeks, supported by consistent open-for-inspection attendance.
Feature Insight: Average days on market tracked at about three weeks, with applicants prioritising interior space over outdoors.
Mornington Peninsula
Supply remained very limited in highly sought-after coastal townships. As some owners returned properties to personal use for the spring and summer, demand continued to outstrip available stock, driving up application numbers and keeping days on market low. Well-presented family homes attracted quick, competitive interest.
Feature Property: 2 Anderson Street, Frankston – leased for $750 per week; 3 bed, 1 bath, 1 car.
Projects
Apartments continued to perform reliably with consistent enquiries from professionals and students. We also noted instances of negotiation where applicants tested pricing, though premium, well-finished residences still achieved excellent outcomes, often off-market to quality, pre-qualified renters.
Feature Property: 1001/20 Queens Road, Melbourne – leased off-market at $3,650 per week; 4 bed, 4 bath, 3 car.
Overall, September delivered steady demand and solid timeframes, with family homes and well-located apartments performing best. As spring listings build, we anticipate continued healthy activity and opportunities for both renters and rental providers.
