Our August Rental Market Review

01 September 2025

August saw healthy activity across our rental markets, with enquiry levels remaining strong and properties leasing in solid timeframes. Well-presented homes in desirable locations continue to attract multiple applications, highlighting the depth of competition among renters.

Stonnington

Vacancy rates remained low, and competition was strong, especially for family homes. Properties were often leased within days, with multiple applications received. Higher-end homes took slightly longer, but overall interest across the municipality remained positive. We also saw an increase in property management takeovers, with rental providers leaning more on professional managers to improve efficiency and renter experience.

Feature Property: 66 Finch Street, Malvern East – $3,500 per week, 5 bed, 3 bath, 3 car.

Boroondara - Hawthorn

Leasing was steady, with two- and three-bedroom single-fronted homes proving especially popular and leasing within a week of going online. Families are steadily returning to the market as schools resume and the warmer months approach.

Feature Property: 6 Glan Avon Road, Hawthorn – $2,700 per week, 3 bed, 2 bath, 3 car.

Boroondara - Balwyn

We saw steady demand, with properties leasing after just a couple of open for inspections. Marshall White continued to be a trusted choice for local investors seeking strong results and premium service.

Feature Property: 6 Eyre Street, Balwyn – $1,800 per week, 4 bed, 4 bath, 6 car.

Port Phillip

A shortage of stock kept demand high, particularly in the $1,500–$2,000 per week bracket for medium to large family homes. Apartments under $1,000 per week also leased quickly, often after the first inspection.

Feature Property: 4/155 Fitzroy Street, St Kilda – $640 per week, 2 bed, 1 bath, 1 car.

Bayside

The Bayside market performed strongly, with executive homes achieving well above $2,000 per week and attracting multiple applications. Demand for quality family residences remained consistent across the municipality.

Feature Property: 9 Huntingfield Road, Brighton – $2,300 per week, 4 bed, 4 bath, 5 car.

Mornington Peninsula

There is limited supply of rental stock available in highly sought-after locations, particularly Mornington, Mount Eliza and Frankston South.
We are seeing a strong level of enquiry from prospective renters, with demand outweighing supply. This is resulting in a strengthening rental the market, reflected in the number of applications being received and lower days on market.

Feature Property: 23 Kolora Crescent, Mount Eliza – leased for $1,400 per week (4 bed, 2 bath, 2 car).

Projects

Apartments remained a reliable performer, leasing quickly and achieving solid results. Demand was consistent from both professionals and students seeking quality accommodation.

Feature Property: 702/127 Cardigan Street, Carlton – $1,250 per week, 2 bed, 2 bath, 2 car.

Manningham

While stock levels were solid, enquiry was more selective through August. Homes remained tightly held, and those presented well achieved good outcomes.

Feature Property: 404/3-11 Mitchell Street, Doncaster East – leased in August.

Overall, August saw steady rental demand across Melbourne, with family homes and well-located apartments attracting strong interest. As we move into spring, the outlook is positive with activity expected to build further.

If you are seeking trusted support in leasing or renting, our Property Management team is here to provide tailored assistance.

*Image source: Project Chomley Terraces