Welcome to our AUTUMN 2025 issue of HOME-GROWN. An Albury-Wodonga based Real Estate Magazine, keeping you up-todate with the latest listings and information as well as current local market statistics. In this summer edition, we have some information about the RBA rates cuts and what it means for commercial property investors as well as some news about the benefits of a fixed term lease. We also have our most recent results and social snaps. We hope you enjoy reading our twenty fourth issue of Home-Grown as much as we have enjoyed putting it together for you. Here’s to a fantastic autumn!
RBA CUTS INTEREST RATES: WHAT IT MEANS FOR COMMERCIAL PROPERTY INVESTORS
A GUIDE TO NAVIGATING RENTER RIGHTS AND OWNER INTERESTS
RECENT RESULTS
NEW LISTINGS
LOCAL BUSINESS SPOTLIGHT
IT’S NOT TOO LATE FOR SALE SUCCESS
TENANT OF THE MONTH
DIRECTORS’ MESSAGE
SOCIAL SNAPS
PICTURED ON FRONT - 624 KIEWA STREET, ALBURY (CAPTURED SPACE)
20 LARA LAKE ROAD, TABLE TOP
THE APPEAL OF NEW PROPERTY DEVELOPMENTS
Investing in property is a significant decision that requires careful consideration. For many investors, new property developments offer an array of attractive benefits that align well with modern investment strategies and lifestyle preferences.
Modern Amenities and Design
New developments showcase the latest in architectural design and amenities, including contemporary kitchens, energy-efficient appliances, and innovative layouts. These features can attract a wide range of buyers and renters, potentially enhancing the property’s appeal and rental yield.
Lower Maintenance Costs
One of the most significant advantages of new properties is the reduced maintenance costs. With brand-new plumbing, electrical systems, and structural elements, the likelihood of unexpected repair expenses is minimised. Additionally, new properties often come with builder warranties, providing further peace of mind for owners.
Tax Incentives & Government Support
Investors in new properties can benefit from various tax incentives, including depreciation allowances on the building and its fixtures. Additionally, recent government initiatives are making off-theplan purchases even more attractive. The Victorian Government has introduced a temporary stamp duty concession for off-the-plan apartments, townhouses, and units, effective from October 21, 2024, for one year. This removes the cap on existing rebates and calculates stamp duty based on the land’s pre-construction value, leading to substantial savings. This initiative, welcomed by the property industry, further strengthens the financial appeal of new developments. If you are buying off the plan in New South Wales and can meet the eligibility requirements, you will not have to pay transfer duty until: 15 months after you enter into the agreement to buy or transfer a property or, If the contract is completed within the 15 months, at the time of completion or the handover of the property.
Customisation Opportunities
Off-the-plan developments offer investors the chance to customise their property to suit their preferences or target market needs. This can include choosing finishes, layouts, and even certain structural elements, ensuring the property meets specific requirements.
Potential for Capital Growth
New developments in emerging areas can offer significant potential for capital growth. As neighbourhoods develop and mature, property values may increase, potentially leading to strong returns on investment.
Energy Efficiency
New developments incorporate the latest in energy-efficient design and technology. This can lead to lower utility costs for renters and potentially higher rental yields for owners while also contributing to a more sustainable future.
Aligning Investments with Financial Goals
When considering new property developments, investors should align their choices with their financial goals and investment strategies:
Lifestyle Appeal: Modern developments cater to contemporary preferences, ensuring high rental demand.
New property developments offer a compelling proposition for investors. With their modern designs, energy efficiency, tax benefits, and potential for customisation - now further supported by government incentives - they meet the needs of today’s renters and buyers. While all property investments require careful consideration, the advantages of new developments make them an attractive option for many investors looking to build a strong, future-focused property portfolio. By thoroughly researching opportunities and aligning investments with personal goals, investors can tap into the advantages of new developments, aiming for substantial returns while shaping the future of Australian real estate.
RBA
CUTS
INTEREST RATES: WHAT IT MEANS FOR COMMERCIAL PROPERTY INVESTORS
This month, the Reserve Bank of Australia (RBA) reduced the official cash rate by 25 basis points to 4.10% as of February 18, 2025, marking the first rate cut in over four years. This decision carries significant implications for commercial property owners and investors.
Key Impacts on Commercial Property:
Boost in Investor Confidence The rate cut strengthens confidence in the commercial property market, particularly in the industrial sector, which is known for its stability and strong rental yields.
Potential for Property Appreciation Lower interest rates could drive further appreciation in commercial property values, especially in high-demand areas.
Ongoing Supply Constraints Despite the lower rates, supply shortages remain a challenge, an example of this is evident in our industrial market across the Albury & Wodonga region.
Sector-Specific Effects:
• Industrial and Logistics – Demand for modern, well-located industrial assets remains strong, fueled by the continued rise of e-commerce.
• Retail – Large-format retail properties in prime locations may benefit, while secondary retail locations could still face difficulties.
• Office Spaces – Prime office spaces in central business districts may continue to see rental growth due to ongoing supply constraints.
Financing and Market Trends:
Financing Opportunities Although the rate cut is a positive development, major banks may remain cautious with commercial real estate lending. This could lead to increased reliance on second-tier and alternative lenders, who may face heightened risks.
Long-Term Growth Prospects With strong population growth and persistent supply constraints, investors may find opportunities to capitalise on rising rents and sustained demand in key sectors.
Market Stabilisation The rate cut provides a period of certainty for investors, enabling more predictable financing costs. This stability could encourage portfolio expansion and diversification. While the rate reduction is broadly favourable for commercial property investors, its effects will vary across sectors and locations. Investors should carefully assess factors such as property type, market trends, and long-term growth potential when making investment decisions.
Please get in touch with Kristian Hopwood on 0473 888 821 if you would like to discuss the market conditions in more detail.
A
GUIDE TO NAVIGATING RENTER RIGHTS AND OWNER INTERESTS
A GUIDE TO NAVIGATING RENTER RIGHTS AND OWNER INTERESTS
When you decide to sell your investment property, it’s important to navigate the process with consideration for both your interests and those of your renters. This guide aims to help you manage this transition smoothly while adhering to legal obligations.
Legal
Obligations:
As a property owner, you must provide a Notice of Intention to Sell at least 14 days before commencing any sales-related activities. This notice should be accompanied by evidence of your intent to sell, such as a signed contract of sale or authority with a licensed estate agent.
For fixed-term leases, the notice period you provide to the renter regarding the vacate date should coincide with the lease end date. You should allow some time after this, such as 3 business days, for your settlement following the vacate. The renter can give you a return notice to vacate of 14 days at any time during the notice period. Eviction cannot occur during a fixed lease unless the lease terms are violated or both parties reach a mutual agreement.
Considerations for Your Renters:
When you put your property up for sale, your renters have specific rights. In NSW if they receive your Notice of Intention to Sell or a 60-day Notice to Vacate and the sale wasn’t disclosed in their initial lease agreement, they have the right to serve a 14day Notice to Vacate in return.
In VIC you are required to compensate renters for inspections and sales-related appointments. The compensation is calculated as either $30 or half a day’s rent per inspection, whichever is greater. For example, for properties rented at less than $420 per week, the compensation will be $30 per inspection. For properties over $420 per week, it will be equivalent to half a day’s rent.
In VIC you must give renters 24 hours’ notice for inspections. There is no cap on the number of inspections per week, however respect your renters’ right to quiet enjoyment of the property. In NSW we are required to provide 48 hours’ notice of inspections and do no more than two per week.
8 MITTA AVENUE, BELLBRIDGE
Maintaining Positive Relationships:
While selling your property is your right, consider the impact on your renters’ lives. Providing as much notice as possible and being flexible with inspection times can help maintain a positive relationship. Open communication is key to a smooth process. Remember, in VIC if you issue a notice to vacate due to the sale, you must not re-let the premises for primarily residential use before the end of 6 months after the date on which notice was given, unless approved by VCAT. NSW will soon be introducing the same legislation.
Tips for a Smooth Sale:
1. Be kind to your renters and respect their space.
2. Be mindful of their schedules when arranging inspections.
3. Don’t expect renters to move furniture or declutter extensively.
4. Consider offering incentives for cooperation, such as reduced rent during peak inspection times.
Your Property Manager’s Role:
Your property manager can be an invaluable asset during this process. They can:
• Act as a neutral intermediary between you and your renters
• Ensure all legal requirements are met
• Manage communications and coordinate inspections with sales agent
• Provide expertise to maintain positive relationships
Consult with your property manager early in the process to benefit from their experience and guidance. Their expertise can help you navigate potential challenges and ensure a smooth sale while maintaining good relations with your renters. By approaching the sale of your rented property with consideration and professionalism, you can achieve your goals while minimising stress for all parties involved. A well-managed sale process can lead to better outcomes for both you and your renters.
740 YAMBLA PLACE, ALBURY
RECENT RESULTS
RECENT RESULTS
Macktronix specialises in a comprehensive range of electronic services, including CCTV and Alarm systems, Audio-visual Solutions, Data Networking, TV antennas, Home Automation, and much more. We understand not one size fits all.
We cater for your unique usage requirements, and design custom considered solutions while still being conscious of budget. Delivering real value, functionality and return on investment. Our expertise covers sales, design, and installation for both commercial and residential clients. No matter the size of the project, the Macktronix team is ready to assist you.
Now that the holidays feel like a distant memory and the vibrant energy of summer fades, you might feel the desire to get your home on the market before the cooler days of autumn settle in. If that’s the case, now is the perfect time to act. You’ll want to take advantage of the last wave of buyers before the days shorten and the crisp, refreshing air of autumn is here.
Autumn may not have the same warmth and long days as summer, but it’s still a fantastic time to sell. Success in selling a home isn’t just about the season or weather; it’s about being prepared. With a home that’s been thoughtfully prepared and presented, you can still secure top dollar, even in a market that might lean toward buyers. Buyers are always on the lookout for homes that are tidy, well-maintained, and reasonably priced — something you can offer no matter the season.
If your home selling journey stretches into autumn, don’t worry — there are still plenty of motivated buyers searching for the perfect property. The key is to ensure your home remains inviting and appealing, regardless of the season.
For expert advice on preparing your home for the autumn market, Stean Nicholls is here to help. With years of experience in Albury Wodonga and nearby areas, Stean offers valuable tips to maximize your home’s value and achieve the best outcome.
Curb Appeal is Key: As autumn arrives, the exterior of your home continues to play a crucial role in making a great first impression. While the bright blooms of summer fade, the warm hues of fall — golden yellows, rich reds, and deep oranges — bring a unique charm to your outdoor spaces. Well-maintained gardens, colorful trees, and tidy lawns still catch the eye, helping your property stand out in the autumn landscape.
Bright Buyers: Even though the weather is cooler, autumn still offers the chance for buyers to appreciate your outdoor spaces. Whether it’s a cozy backyard, a charming garden, or a deck perfect for chilly evenings, buyers can still envision how they’ll enjoy these features during the crisp autumn months. In Albury Wodonga, where outdoor living is always valued, these features could be a big selling point.
740 YAMBLA PLACE, ALBURY IT’S NOT TOO LATE FOR SALE SUCCESS
IT’S NOT TOO LATE FOR SALE SUCCESS
Positive Vibes: Just as the rest of us feel a sense of calm as the summer heat fades, buyers also tend to have a more relaxed and optimistic attitude during autumn. The cooler temperatures create a comfortable atmosphere for house hunting, and buyers are more likely to focus on the positives of a home rather than being discouraged by the weather. Crisp autumn days often make for a more enjoyable viewing experience, helping to spark excitement about finding the perfect home.
Motivated Buyers: Many buyers are still eager to purchase a home before the weather gets too cold. While the autumn market might be a little quieter than summer, you’ll still find plenty of buyers who are ready to make a move, especially those wanting to settle in before the colder months.
Flexible Viewing Hours: As the days get shorter, your evening viewings might be limited, but autumn’s milder weather can make day viewings more pleasant. You’ll still have the flexibility to schedule showings during the day, allowing buyers to experience your home in the fresh autumn atmosphere.
Looking ahead to 2025, the property market in Albury Wodonga is looking strong. Whether you’re considering buying or selling, now is a great time to start planning. Stean Nicholls, with their deep local knowledge, is here to assist you on every step of your property journey — from finding your dream home to ensuring your current property is market-ready.
Whether you’re buying or selling, the team at Stean Nicholls has been a trusted partner in Albury Wodonga for years, and they are ready to help with all your property needs in 2025 and beyond. Contact Stean Nicholls today to begin your property journey this autumn!
20 LARA LAKE ROAD, TABLE TOP
TENANT OF THE MONTH
101 Hume Street, Wodonga
p: 02 6056 4781
e: josette@fernbank-thehub.com
Trilogy was founded on a simple yet powerful vision: to create a space where premium hospitality and meaningful social impact converge. As a boutique venue in Wodonga, Trilogy fills a unique gap in the region by offering sophisticated spaces for corporate and community events while empowering individuals through hands-on hospitality training.
Our venue is more than just a space-it’s a bridge between professional excellence and community enrichment. Corporate professionals find a polished environment for their meetings, community groups enjoy an inclusive atmosphere for their gatherings, and trainees gain real-world experience that equips them with confidence and skills for meaningful careers.
Trilogy’s values reflect our commitment to combining premium hospitality with meaningful social impact, guiding every aspect of our service delivery and training program.
Excellence: Uncompromising standards.
Inclusivity: Welcoming environment where everyone can thrive.
Growth: Fostering personal and professional development.
Connection: Building meaningful relationships within our community.
Innovation: Finding creative ways to blend premium service with genuine impact.
DIRECTORS’ MESSAGE
Albury-Wodonga Market Update: A Strong Investment Outlook Amid Changing Conditions
As we move further into 2025, the Albury-Wodonga property market continues to attract interest from both homebuyers and investors, despite a shift in market dynamics. Albury’s median house price has now risen to $850,000, while units sit at a median of $450,000. Wodonga’s market remains stable, with the median house price holding at $540,000 and units averaging $379,500. While capital growth has moderated compared to the rapid increases seen over the past five years, the region remains a desirable option for buyers looking for affordability, strong rental yields, and long-term growth potential.
A key driver of demand has been the increasing attention from investors who are looking beyond capital cities to diversify their portfolios. Large regional hubs like AlburyWodonga, Wagga Wagga, and Shepparton offer a compelling balance of steady capital growth and excellent rental returns, making them attractive alternatives to the highly competitive metropolitan markets.
The recent and much-welcomed interest rate cut has created excellent conditions for buyers, particularly those looking to enter the market, upsize, or expand their investment holdings. With Australia’s current rental vacancy rate averaging just 1.4% and the national median rental price sitting at approximately $650 per week, demand for rental properties remains exceptionally high. According to CoreLogic, these conditions reinforce property investment as a strong strategy for future financial security.
As we look ahead, Albury-Wodonga remains well-positioned for continued growth, driven by stable economic conditions, ongoing demand from both investors and homebuyers, and the region’s reputation as an attractive and affordable alternative to city living. With favourable buying conditions now in place, the local market presents excellent opportunities for those looking to make their next move in real estate.
SOCIAL SNAPS
Congratulations! Another one SOLD!
Geoff Stean in action.
Congratulations to Emily and Joe on Fletcher’s arrival. SOLD in one week! Amazing work David & Kristian.
Our Director Lachlan was recognised by the Border Mail as on of the borders most inspiring men.
