June was a somewhat mixed month for the rental market, with conditions varying by suburb and price point. Well presented homes leased quickly, while parts of the market called for a more measured approach to pricing. Here is what our Property Management team observed across our key areas this month.
Property ManagementProperty Management Market Review – June 2026
Next ArticleProperty Management Market Review – June 2026
30 June 2026
Stonnington
Demand across Stonnington and Melbourne's inner east remains strong, particularly for well presented family homes and executive residences. Relocation activity continues to be a key driver of enquiry, with strong demand from both interstate and international renters. Well priced properties are generally leasing within the first two weeks of campaign, with quality homes continuing to attract competitive interest. A number of properties are currently undergoing maintenance and compliance works to ensure they meet Victoria's Rental Minimum Standards prior to advertising and leasing.
Feature property: 6A Myamyn Street, Armadale, leased for $1,800 per week
Boroondara
We saw an increase in activity through May, with properties priced correctly leasing well. We secured renters for a range of homes, from a one-bedroom in Hawthorn at $450 per week through to a large family residence in Kew at $1,900 per week. A particularly strong result, although outside our usual area, was in Clifton Hill, which leased after a single open for $1,500 per week.
Feature property: 237 Gold Street, Clifton Hill, leased for $1,500 per week.
Port Phillip
With winter upon us, we have noticed a reduction in enquiries and foot traffic at inspections across the City of Port Phillip. Being close to the water, we traditionally see our market soften a little, as the appeal of living near the beach is naturally stronger in the warmer months. During these times, it is even more important to be proactive with price adjustments if needed. That said, owners of well presented properties who are adjusting their price expectations in line with market conditions are still seeing their homes lease quickly.
Feature property: 29 Danks Street, Albert Park, leased off market for $1,950 per week.
Bayside
Properties have seen a slight increase in days on market this month, with leasing campaigns taking a little longer than they did earlier in the year. We have noticed fewer attendees at inspections, which has led to some price adjustments to keep campaigns moving. Even so, well presented homes priced to the current market are still achieving strong results. A good example was in Cheltenham, which leased at $850 per week after the first inspection.
Mornington Peninsula
Interest from prospective renters is significantly stronger for modern, updated properties that are well maintained and well presented. We have also seen a strong level of enquiry overall. Demand usually subsides towards winter; however, it has remained relatively consistent, which we suspect is due to the continuing good weather and an increasing trend of people renting their primary residence on the Peninsula, including more on the southern Peninsula. With demand outweighing supply, the rental market is retaining its strength across price, number of enquiries and lower days on market.
Feature property: 22 Kardella Lane, Mount Eliza, leased for $1,300 per week, offering four bedrooms, three bathrooms and two car spaces.
Projects
It has been a busy month for the Projects team, with results splitting clearly by price point. Properties below $800 per week are performing well and leasing quickly, often attracting strong enquiry from the outset. Those above $800 are moving a little more slowly through the winter season, though the higher-end apartments are still securing renters where there is room for negotiation and a considered, hands-on approach. This is the part of the market where genuine client service makes the difference, with careful pricing and proactive communication bringing the right renter and rental provider together.
Feature property: 8A Wattletree Road, Armadale, leased for $1,695 per week.
Thinking about leasing your property, or looking for a more proactive approach to property management? Our Property Management team pairs expert local knowledge with a focus on presentation, accurate pricing and active renter networks to deliver the strongest possible outcome for your investment. Get in touch to find out how we can help.
