THE days of Casey landlords calling the shots are over with hundreds of new houses coming onto the market at once.
Real estate agents say prices are coming down and renters have a lot more choice than they did a year ago.
Last week, the Domain website (owned and operated by Fairfax) listed 73 properties for rent in Cranbourne, 35 in Cranbourne North, 24 in Cranbourne East, 10 in Cranbourne West, 32 in Narre Warren South and 20 in Hampton Park.
Graeme Dimsey, principal of LJ Hooker Cranbourne, said a lot of new estates had released their titles in the past six months resulting in a surge of new rental properties, most of them four bedrooms with double garages.
"The expectation when they were built was probably that they would fetch around $400 a week.
"But all these estates came onto the rental market at once and owners have had to adjust their expectations to $360-370 to get tenants."
Ray White Cranbourne principal Mark Guthrie said rental houses would remain empty if landlords weren't prepared to accept that rents had fallen.
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