While broader market reports pointed to a more cautious August, our Property Management team recorded its strongest leasing month on record, with stronger enquiry levels in some areas offsetting continued caution from renters on price elsewhere. Well presented, accurately priced homes kept moving quickly, while renters elsewhere took more time to commit. Here is what our team observed across our key areas this month
Property ManagementProperty Management Market Review - August 2026
Next ArticleProperty Management Market Review - August 2026
03 September 2026
Stonnington
Demand was strong across Stonnington in August, with quality, well-presented homes in premium pockets continuing to draw solid interest. Renters are weighing up their options carefully, with pricing and presentation shaping both enquiry levels and how quickly a property moves. Premium family homes and executive properties across Toorak, Armadale, Malvern, Glen Iris and South Yarra remained in demand throughout the month. Our Stonnington new business team leased 19 properties in August, with an average rent of $1,722 per week, reflecting the continued strength of this end of the market.
Feature property: 28 Renwick Street, Glen Iris, leased for $2,200 per week.
Boroondara
Boroondara had a busy August, with 20 properties leased across the area, reflecting continued demand across a broad range of price points. Results ranged widely, from a one-bedroom apartment in Kew at $450 per week to a beautifully renovated family home in Surrey Hills at $2,100 per week, with both leasing after a single open for inspection. This spread of activity highlights the depth of renter interest across Boroondara, with well-presented homes continuing to generate strong attendance and quick outcomes regardless of price bracket.
Feature property: 70 Middlesex Road, Surrey Hills, leased for $2,100 per week.
Port Phillip
With milder conditions easing in through late winter, Port Phillip saw an increase in enquiries and inspection attendance this month. Renters remain mindful of their budgets, with many negotiating below the asking rent rather than applying at the listed price, reflecting a more considered approach to leasing decisions overall. Rental providers who adjusted their expectations in line with current conditions continued to secure strong leasing outcomes, with well-presented properties still proving the most successful in attracting quality applications.
Feature property: 386 Montague Street, Albert Park, leased off market for $1,525 per week
Bayside
Rental prices were steady across Brighton and the wider Bayside area in August, with little movement in weekly asking rents. Smaller homes and townhouses under $1,000 per week remained in strong demand, while surrounding suburbs saw healthy enquiry levels from renters seeking more affordable alternatives, creating solid competition for properties in this bracket. At the top end of the market, renters are taking more time to decide, making accurate pricing and presentation increasingly important to securing a fast and successful lease.
Feature property: 17 Rusden Street, Brighton, leased for $1,800 per week.
Mornington Peninsula
The Mornington Peninsula continued to perform strongly in August, with an average weekly rent of approximately $850 across the region. Properties that capture the area's relaxed coastal lifestyle drew particular interest, attracting quality renters relocating within the Peninsula as well as families moving in from further afield in search of a change of pace. Well-designed homes in good locations continued to achieve excellent results, reinforcing the Peninsula's ongoing appeal as a destination renters are actively choosing to call home.
Feature property: 759–760 Esplanade, Mornington, leased for $1,000 per week.
Projects
Activity across our Projects portfolio was mixed in August. Apartments above $750 per week saw more selective interest, with renters taking longer to commit at this price point, while stock under $750 per week continued to move, albeit at a steadier pace than usual. Well-positioned, competitively priced apartments still generated strong turnout, including one listing that drew 18 groups through its first inspection and 10 applications on the day, a reminder that the right property in the right bracket is still finding plenty of interest.
Feature property: 109/3 Hurstmon Street, Malvern East, leased for $550 per week.
Every property tells a different story, and our Property Management team knows how to read it. From local market knowledge to proactive communication and genuine renter reach, we are here to help you get the most from your investment. Get in touch to find out more.
