Property Mag March 23

Page 1

MARCH 2023
Front Cover: OAK Apartments - 9 Gloucester Avenue, Berwick
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Inside Cover: 39 Willowdene Way, Berwick
FEATURED HOME 8 Ravendene Crt, Maryknoll 04 06 MEET BARBRA DARVELL 24 NRAS RENTERS FACE RISING RENTS AS AFFORDABLE RENTAL SCHEME WINDS DOWN 25 LEASED IN FEBRUARY Leasing Statistics For February 2023 - 3 -
8 Ravendene Court MARYKNOLL

Featured HOME

Presented on a fully landscaped 2 Acre allotment, this enviable lifestyle retreat is the result of meticulous planning and an overarching vision of excellence.

Finished to the highest standard with a critical eye to the smallest detail, number 8 Ravendene Court will captivate on first sight with its understated elegance and modern functionallity that is both grand yet intimate.

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meet BARBRA DARVELL Investment Department Manager

Having now been in the industry for over two decades, Barbra’s energy, determination and ability to communicate make her a wonderful asset to the Neilson Partners Rental Team.

Why did you decide to get into real estate?

I did year 10 work experience with a real estate agent and from there was offered a role as a Saturday Receptionist. Every school holidays I would work full time as a receptionist and was offered a job at the end of year 12.

I actually got accepted into Engineering at University but decided to drop out and pursue a career in Real Estate. So, I guess you could say I fell into the role.

What has been your greatest accomplishment since joining the Neilson Partners team?

Becoming a Department Manager and also surviving 2020 with all of my hair and sanity intact!

I am quite lucky here at Neilson Partners with such a fantastic support network and a great Rental Director who gives me the tools I need to achieve my goals.

Who or what do you find inspirational?

The person that inspires me as a Property Manager is my big sister. It was because of her I’m in this industry and thanks to her mentoring, I am the Property Manager I am today. She has taught me a lot about having resilience in this role.

What do you do in your down time?

I like to spend time with my family. Whether it’s going for beach or bush walks, eating out or just chilling at home around the table and having a good laugh about nothing. If it’s not family, It would have to be interior decorating and increasing my art collection. Colourful artwork makes me happy, especially if it has pink in it!

Tell us an interesting fact about yourself?

In 1995 I meet the rapper Tupac at South Beach Miami on my way to an OJ Simpson victory party.

I also went on tour with a German dancing group when I was younger.

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meet BARBRA DARVELL

Investment Department Manager

Having now been in the industry for over two decades, Barbra’s energy, determination and ability to communicate make her a wonderful asset to the Neilson Partners Rental Team.

Why did you decide to get into real estate?

I did year 10 work experience with a real estate agent and from there was offered a role as a Saturday Receptionist. Every school holidays I would work full time as a receptionist and was offered a job at the end of year 12.

I actually got accepted into Engineering at University but decided to drop out and pursue a career in Real Estate. So, I guess you could say I fell into the role.

What has been your greatest accomplishment since joining the Neilson Partners team? Becoming a Department Manager and also surviving 2020 with all of my hair and sanity intact!

I am quite lucky here at Neilson Partners with such a fantastic support network and a great Rental Director who gives me the tools I need to achieve my goals.

Who or what do you find inspirational?

The person that inspires me as a Property Manager is my big sister. It was because of her I’m in this industry and thanks to her mentoring, I am the Property Manager I am today. She has taught me a lot about having resilience in this role.

What do you do in your down time?

I like to spend time with my family. Whether it’s going for beach or bush walks, eating out or just chilling at home around the table and having a good laugh about nothing. If it’s not family, It would have to be interior decorating and increasing my art collection. Colourful artwork makes me happy, especially if it has pink in it!

Tell us an interesting fact about yourself?

In 1995 I meet the rapper Tupac at South Beach Miami on my way to an OJ Simpson victory party.

I also went on tour with a German dancing group when I was younger.

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NRAS RENTERS FACE RISING RENTS AS AFFORDABLE RENTAL SCHE ME WINDS DOWN

Thousands of low-income renters are facing burgeoning rents as the National Rental Affordability Scheme (NRAS) winds up.

Even with the Federal Government launching a suite of housing policies to tackle Australia’s housing crisis, it has been confirmed that the NRAS will not be extended and there are no current plans for any replacement schemes at this time.

Annual incentives have been provided to investors via the National Rental Affordability Scheme (NRAS) when the policy launched in 2008, to provide affordable rental dwellings at least 20 percent below market rates. The number of properties involved in the scheme was capped at 38000 in 2014, with the last subsidised properties set to exit the scheme in 2026, as the ten-year timeframe attached to the financial incentive concludes.

With current NRAS rents still set predominantly at pre-pandemic lows, the rental revenue yield gap will likely be significant for investors who

do not exit the affordable housing system. With properties that are 10+ years old (a time, when maintenance liabilities often increase), combined with increasing costs and soaring interest rates, there will be limited motivation for investors to continue to provide discounted rents.

More than 6600 properties will be scrapped from the National Rental Affordability Scheme (NRAS) across Australia in 2023.

Victoria will lose 1356, whilst Queensland tops the countries losses at 2499, applying further pressure to a housing system under extreme stress.

Whilst new Government policies include the $10-billion Housing Australia Future Fund which will build 30,000 social and affordable housing properties nationally, building will be spread over a five-year period.

Renters having to vacate NRAS properties in the interim, will not have the immediate benefit that the AFF may provide.

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LEASED IN FEBRUARY

0.56%

32,045

482

AVERAGE VACANCY RATE ONLINE VIEWS APPLICATIONS RECEIVED

BEACONSFIELD 5/60 WOODS STREET $385PW 2 / 1 / 1 BERWICK 26 GRATHAM CRESCENT $700PW 4 / 2 / 2
2
2
NARRE WARREN SOUTH 10 KARRUM KARRUM COURT $440PW
3 /
/
PAKENHAM 1 CODRUS WALK $400PW
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3 / 2 / 2
this Autumn... we are committed to delivering the best outcome for our sellers and buyers We put you first. neilsonpartners.com.au
neilsonpartners.com.au Neilson Partners
NARRE WARREN BERWICK PAKENHAM

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