HOME-GROWN Autumn Edition

HOME-GROWN ALBURY/WODONGA & SURROUNDS

AUTUMN//EDITION

IN THIS ISSUE

Welcome to our fifth issue of HOMEGROWN. An Albury Wodonga based Real Estate Magazine, keeping you up-to-date with the latest listings and information as well as current local market statistics. In this JAM-PACKED issue, we have a great article about selling your home off market and some of our recent success stories as well as The Royal Commission and it’s effect on the local real estate market. We also have a fantastic cheesymite scroll recipe from Nicholas Clark, one of our Directors, to share with you. We hope you enjoy reading our fifth issue of Home-Grown as much as we enjoyed putting this together for you! Here’s to a great Autumn.

PICTURED ON FRONT - 621 CARRINGTON STREE, ALBURY (SOLD BEFORE AUCTION)

ROYAL COMMISSION AND IT’S EFFECT ON LOCAL REAL ESTATE OFF MARKET DATABASE SALES QUARTERLY RESULTS NEW LISTING LOCAL BUSINESS SPOTLIGHT TENANT OF THE MONTH PROPERTY MANAGEMENT SUCESS MEET OUR PROPERTY MANAGEMENT TEAM STAFF RECIPE DIRECTOR’S MESSAGE SOCIAL SNAPS

R OYA L C O M M I S S I O N AND IT’S EFFECT ON LOCAL REAL ESTATE

ROYAL COMMISSION AND THE EFFECT IT HAS HAD ON THE LOCAL REAL ESTATE MARKET “If you are considering a real estate purchase, it is ideal to obtain approval before you start your search for a home.”

Overall the local market has remained strong with 5.5% growth in Albury alone throughout 2018 (sourced from APM Price Finder). It has not experienced the slowing as seen in Sydney and Melbourne as the local market simply is fuelled by different sources. Whilst the major cities rely It’s hard to escape the news regarding the Royal on international investment, the Albury/Wodonga inquiry into the banking sector and it is important region has seen diversified growth through local to note the possible effects this could have when enterprise, government job opportunities and the it comes to purchasing a home. Due to being under downsizing demographic from major cities seeking the magnifying glass, the banks have tightened their a lifestyle change. lending criteria, making the approval for finance a more lengthy exercise than it was twelve months ago. If you are considering a real estate purchase, “If you had sought pre approval more it is ideal to obtain approval before you start your search for a home. If you don’t, you could be left heartbroken when you find the right property but are unable to act in time and miss out. If you had sought pre approval more than three months ago, it is a good idea to re-apply and have this updated, as your possible borrowing limit may have changed due to the restrictions.

than three months ago, it is a good idea to re-apply and have this updated as your possible borrowing limit may have changed due to the restrictions.”

Article by Nicholas Clark

OFF MARKET DATABASE SALES STEAN NICHOLLS HAVE RECENTLY EFFECTED QUICK AND QUIET SALES.

OFF MARKET DATABASE SALES

Stean Nicholls have recently effected quick and 616 WYSE STREET quiet sales.

616 Wyse Street sold within a week and had 14 buyers through with three offers before the A recent property was sold after just a few private marketing program commenced. inspections from a data-matched search of buyers looking to secure a home in that area.

683 DAVID STREET 683 David Street sold before marketing after being Whilst the softly, softly approach was used to great on the market with another agency for 4 months effect in this sale, the state of the local market prior to the vendor engaging Stean Nicholls to sell is far from soft, with the overall growth rate in the property.

Albury up 5.5%.

496 SAUNDERS AVENUE In the two-stage approach, we introduce your 496 Saunders Avenue was sold privately to a property to our current qualified and motivated buyer within two weeks, both buyer and vendor buyers prior to any public marketing. Our sales were extremely happy with the sale and stress free team inspects the property and recommends approach. it to our potential buyers. We contact local and interstate buyers with the view to finding the right buyer prior to any media promotion taking place.

61 6 W Y S E S T R E E T, A L B U R Y

6 8 3 D AV I D S T R E E T, A L B U R Y

496 SAUNDERS AVENUE, EAST ALBURY

OFF MARKET DATABASE SALES

There are many features to consider when buying a home, that’s why it is important to provide us as agents with as much information as possible about your buying criteria. For example, the type of architecture, the proximity to schools, transport, parks and amenities, the bedrooms and bathrooms, car storage and many others.

ARE YOU ON OUR BUYERS LIST? Would you like to have advance notice of what properties are coming onto the market?

If so please email one of the directors and they will respond with a questionnaire to fill out, alternatively please feel free to call any of them on their mobile.

Geoff Stean 0413 888 788 geoff@steannicholls.com.au

Nicholas Clark 0439 215 293 nicholas@steannicholls.com.au

Jack Stean 0434 588 664 jack@steannicholls.com.au

Lachlan Hutchins 0457 888 212 lachlan@steannicholls.com.au

QUARTERLY RESULTS

QUARTERLY RESULTS

3

2

1

AUCTION Saturday 30th March 10:30am

LACHLAN HUTCHINS 0457 888 212 JACK STEAN 0434 588 664

NEW LISTING 4 71 J a m i e s o n S t r e e t , E a s t A l b u r y

CHARACTER AND CHARM WITH MODERN STYLE

TENANT OF THE MONTH

SILENT EMPIRE 11 AMP Lane, Albury Phone: 02 6021 2826

What you can expect when you visit Silent Empire:

• The best customer service • High quality products So what exactly is Silent Empire?

• Professional & highly skilled makeup artists available for bookings Silent Empire is a retail store that stocks high quality brands that have been developed by Ellana • Free makeup colour matching Byers. Ellana has over 16 years experience working • A happy friendly environment within the beauty industry with over 10 of those years formulating both makeup and cosmetic products. She also owns the multimillion dollar global brand BE COYOTE Makeup which is a regular on TV and worn by celebrities worldwide. This is not Ellana’s first beauty location in Albury. In 2002, along with her sisters she opened a beauty Salon called Angelz Nailz.

Her knowledge in the cosmetics industry has lead her to formulate three new brands that they are excited to launch into Silent Empire first before the rest of the world.

Plus more new lines being formulated as we speak.

Ellana is creating a one stop beauty location.

PROPERTY MANAGEMENT SUCCESS

The Property Management team have had countless successes over the Summer months.

Being our most demanding and busiest period, we were able to lease rental properties shortly after the available date, often within hours of being uploaded to the internet.

138 RIVERGUM DRIVE, EAST ALBURY Leased after one inspection. The professionalism from our agents while attending viewings with potential tenants results in quality applications.

478, 494 & 496 WODONGA PLACE, ALBURY All leased within a fourteen-day period. Our Stean Nicholls has recently engaged a full-time Property Management team’s ability to match leasing agent. This addition has proved to ensure tenant accurately with the appropriate property that each property, client and tenant is provided for their needs lead to three available properties with the ultimate service while still building in one street leased over the Christmas and New strong relationships and a well-versed portfolio of Year period. properties.

2/616 GRIFFITH STREET, ALBURY Below are some examples of our recent leasing Vacant for less than 48 hours. The Stean Nicholls success; Property Management team will always aim to accommodate to their clients’ needs and will act 1/128 BENYON STREET, EAST ALBURY quickly if a successful tenant requires a property Leased before advertising. This success is a credit soon after it becomes vacant. to our experienced and knowledgable reception staff, who aim to match tenants with the perfect home based on their personal needs.

The Property Management team is extremely proud 2/559 HOVELL STREET, SOUTH ALBURY Application accepted hours after internet upload.

The team work between members of the Stean Nicholls Property Management team ensures that tenants are given the best opportunity to succeed in their rental endeavours.

of their efforts and successes this quarter and are proud to share them with you. If you would like a free rental appraisal for your investment property, please contact the office on (02) 6021 5233 or drop into the office to meet our team.

MEET OUR PROPERTY MANAGEMENT TEAM

Kaija Marshall - Property Manager Kaija joined Stean Nicholls in 2014. Her initial career path began over 17 years ago in the NSW Police Force working throughout NSW, and her family background has been in construction and developments. Kaija moved back to Albury eleven years ago and has a great knowledge of the area. The fundamental organisational, negotiation and conflict resolution skills she sharpened in the Police Force has proven an exceptional advantage in the busy world of property management.

Lisa Barraclough - Property Manager Fulfilling a desire to join the industry, Lisa joined the Stean Nicholls team in 2016. Her experience in the building industry has been an excellent foundation for her current role as Property Manager. Lisa has investment properties herself, so understands what is required to help her clients manage their investment, while maximising potential returns.

Sheryle Hague - Leasing Agent Sheryles remarkable career in real Estate now spans over 20 years with Stean Nicholls.

Approachable and caring in personality, Sheryle has gained a well-earned reputation for her personalised and professional approach. She consistently delivers outstanding results for her clients. Having investment properties herself Sheryle understands the need to secure successful outcomes at every juncture.

Emily Lamb - Property Management Assistant Emily came to Stean Nicholls at the beginning of 2018 with a background in sales administration, and continues to gain knowledge in the field. She has a strong passion for real estate and displays a willingness to learn, flexibility and dedication. Having grown up in the area, Emily has a strong understanding of Albury/Wodonga and the Real Estate industry.

Rachel Habermann - Property Management Assistant Rachel recently graduated from Albury High School. She participated in various activities during her schooling including the dramatic and performing arts, Student Representative Council, Year 12 charity committee and prefects. Rachel combines her genuine enthusiasm with a sincere desire to provide clients with the very best care and attention.

LOCAL BUSINESS SPOTLIGHT

Posh Plonk is truly evidence that dreams can come true……

After years of searching for our own piece of paradise in the country, four years ago both of our dreams were realized… land by the water and the aspiration of one day owning a winery. Posh Plonk winery is situated on the beautiful shores of Lake Hume Albury, the vineyard is set over 5 acres and has been established for 24 years.

We hope you enjoy Posh Plonk as much as we have enjoyed creating it……

Cheers, Matt, Karen & Taylor D. info@poshplonk.com.au www.poshplonk.com.au

@poshplonkwine

STAFF RECIPES

NICK’S CHEESYMITE SCROLLS

Makes approx. 24 scrolls

Method

Ingredients

Dry mix ingredients in a large bowl using hands, then add approx. 650ml luke warm water.

1 kg flour 10 grams bread improver 20 grams salt Approx. 40ml Canola oil 40 grams dry yeast Vegemite 650ml water grated cheese (approx. 750 grams)

Continue mixing dough until it has completely come together to form a stretchy soft dough.

Mould the dough into a large rectangle then set aside and rest for approx. 20 minutes. Keep the dough slightly moist by covering with a tea towel.

Once rested, roll the dough out flat to make a large rectangle. Cover the dough evenly with vegemite except for a strip at the bottom about 2cm wide.

Cover the vegemite with grated cheese.

Roll the dough up tightly length ways to create a large log. Spray the strip at the bottom with water so it sticks together and seals at the end of the roll.

Cut along the log every 5cm (or about 3 fingers in width) then turn sideways so the scroll is standing up.

Place on a greased and lined baking tray and cover the top of the scrolls with cheese.

Rest the scrolls by covering with a damp tea towel for about half an hour and pre heat the oven to 180 degrees.

Once rested, bake the scrolls for about 15 minutes or until the cheese has melted and the scrolls are golden brown.

DIRECTORS’ MESSAGE

As the selling season for 2019 heats up, we look forward to a positive real estate climate. The economy is robust and interest rates are more likely to fall rather than rise. Despite all the media speculation of a downturn, the current market is very mixed with some properties performing better than expected. While prices are likely to fall at modest levels in the first half of the year, this provides excellent opportunities for people to upgrade their properties at lower costs. It must be remembered that property is a long term investment and areas such as Central Albury with its proximity to schools, transport and shopping villages and its leafy streets will always be in high demand. People still need to buy and sell for the usual reasons and will continue to do so. But in markets such as this, when properties are often passed in and sold later, it is increasingly important to have an agent on your side who is a good negotiator.

have been necessary both for buyers and sellers, as well as real estate agents. Outdated methods will not hold true in a challenging market and we have relished the opportunity to lead the market and find improved ways of doing things. Our digital marketing strategy, for example, has led to marked increases in online activity and consequently, the best possible outcomes for our sellers. Many macroeconomic factors additionally bode well for the real estate industry. The Consumer Sentiment Index is stable, rising slightly in December and the Reserve Bank of Australia has maintained the official cash rate at 1.5 per cent for the past 32 months. With the autumn market about to commence, we predict demand for wellpresented and well-positioned homes in the Albury/ Wodonga region will be strong against the backdrop of changed market conditions.

The transition over the past six months to a buyer favoured market after at least six years of seller oriented conditions, has led to measured enthusiasm amongst many buyers looking to secure a property. Now is an excellent time to upsize and for first home buyers to make the most of the gap created by exiting investors, causing a ripple effect up the chain. Adjustments in expectations

Nicholas Clark

nicholas@steannicholls.com.au

Lachlan Hutchins lachlan@steannicholls.com.au Jack Stean

jack@steannicholls.com.au

Geoff Stean

geoff@steannicholls.com.au

SOCIAL SNAPS

SOLD - another successful Auction selling 203 Fletcher Street for a FANTASTIC PRICE in East Albury.

Nick Clark paticipating in his first Olympic distance triathalon and his son Josh in his first ever running race.

Geoff Stean being interviewd by Prime7 News.

Our assistant Office Manager, Frankie, spotted out and about at Cafe Musette.

SOLD! Happy new home owners.

Lachlan Hutchins in action at the David Street Auction.

Another one SOLD!

Home-Grown is a Stean Nicholls publication. All opinions are our own. Compilation of statistical data relies on information from a number of external sources.

Copyright Š

Unit 1, Suite 19, 669 Dean Street, Albury 02 6021 5233 chantelle@steannicholls.com.au www.steannicholls.com.au

/steannicholls @steannicholls