June closed out the financial year with strong rental activity across our core suburbs. Momentum built steadily throughout the month, with several regions reporting increased open-for-inspection attendance, fast leasing turnarounds, and healthy demand across key price bands. Family homes and well-maintained apartments remained the top performers, while affordability and proximity to amenities continued to shape renter decisions.
Property ManagementOur June Rental Market Review
Next ArticleOur June Rental Market Review
30 June 2025
Stonnington
The Stonnington rental market remained steady in June, with a slight increase in enquiry levels compared to May. Average lease prices held strong, and in some cases, properties attracted above-market offers due to low stock levels. Popular suburbs such as Armadale and South Yarra continued to see quick turnaround times, typically within two to three weeks. Demand remained particularly high for well-located, modern apartments and low-maintenance homes that appeal to professionals and downsizers alike.
Feature Property: G04/608 Orrong Road, Armadale 3 bed | 2 bath | 2 car Leased for $2,400 per week
Port Phillip
June ended the financial year on a high note for the City of Port Phillip, with increased attendance at inspections and strong demand from a mix of local families, upsizers, and relocation clients. Many homes leased after the first or second inspection, and overall leasing volume was higher than usual. The area continues to attract renters seeking lifestyle benefits close to the beach and the CBD. Relocation agents remain active, with renewed movement for the new financial year driving competition for quality stock.
Feature Property: 23 Boundary Street, Port Melbourne 3 bed | 2 bath | 1 car Leased for $1,545 per week
Boroondara
Boroondara rental activity remained strong across the area, especially in Hawthorn East and Kew, where demand for affordable family homes near schools continues to drive enquiries. Homes in the $1,000–$1,500 per week range are leasing quickly, particularly those with multiple living areas or low-maintenance gardens. Despite lower stock levels, well-located homes and townhouses continue to attract steady interest, with quick turnaround times for well-presented listings.
Feature properties:
1/257 Riversdale Road, Hawthorn East – leased for $1,400
3/257 Riversdale Road, Hawthorn East – leased for $1,450
6/257 Riversdale Road, Hawthorn East – leased for $1,375
Bayside
Bayside experienced healthy demand in June, particularly for well-maintained family homes close to schools, parks, and transport. Executive-level properties continued to perform well, especially four-bedroom homes offering multiple living areas and generous outdoor space. While the average days on market has crept up slightly, homes that are priced competitively and styled to suit lifestyle-conscious renters are still leasing within two weeks.
Feature Property: 28 Prince Street, Hampton 4 bed | 2 bath | 2 car Leased for $2,100 per week
Balwyn
Balwyn saw a slower start to the month, but activity increased in the final week of June with a noticeable spike in applications and inspections. Apartments under $700 per week drew the most interest, particularly those offering proximity to transport, shops, and amenities. The area continues to appeal to students, young professionals, and families. Demand remains healthy for well-maintained apartments with secure parking and access to communal facilities.
Feature Property: 2113/545 Station Street, Box Hill
Manningham
June was a strong month for Manningham, with excellent results across well-located family homes in the $700–$800 per week bracket. These properties leased quickly, especially those with four bedrooms and multiple bathrooms, offering flexibility for growing families. Doncaster and surrounding suburbs continue to attract renters seeking space, schools, and a balance of convenience and lifestyle. Affordable options in good condition are leasing within days of hitting the market.
Feature Property: 5 Dunoon Street, Doncaster 4 bed | 2 bath | 2 car Leased for $760 per week
Mornington Peninsula
On the Mornington Peninsula, leasing activity continued at a moderate pace, with executive homes above $1,000 per week experiencing longer days on market. Many prospective renters have been favouring well-located homes under $1,000 per week. Smaller homes offering proximity to the beach, town centres, or transport hubs performed consistently well. The winter season is seeing less movement overall, but quality listings are still attracting serious interest.
Feature Property: 17 Murray Street, Mornington 3 bed | 2 bath | 1 car Leased for $720 per week
Projects
In the projects market, two-bedroom, two-bathroom apartments under $700 per week are proving exceptionally popular. Strong inspection numbers were recorded for listings in Hawthorn and Abbotsford, with properties often leased after the first open. This segment continues to attract downsizers, professionals, and students seeking a combination of amenities and lifestyle. Presentation remains key, with upgraded fixtures and natural light giving listings a competitive edge.
Feature Property: 110/8 Luton Lane, Hawthorn 2 bed | 2 bath | 1 car Leased for $700 per week
Across Melbourne, we are seeing a balanced mix of affordability-driven demand and lifestyle-led decisions. Well-presented homes in popular school zones or near transport continue to lease quickly. If you are thinking of leasing your property or would like tailored advice, our experienced Property Management team is here to help you maximise returns.
