HOME-GROWN Spring Edition 2023

Welcome to our SPRING 2023 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 spring edition, we have some great strategies for a successful auction day as well as some handy information on the underestimated value of a property manager. We also have our most recent results and some exciting news about our Stanley and Martin merger. We hope you enjoy reading our eighteenth issue of Home-Grown as much as we have enjoyed putting it together for you! Here’s to a fantastic spring!

IN THIS ISSUE

STRATEGIES FOR A SUCCESSFUL AUCTION DAY

STEAN NICHOLLS AND STANLEY & MARTIN JOIN FORCES

RECENT RESULTS

COMING SOON

LOCAL BUSINESS SPOTLIGHT

THE UNDERESTIMATED VALUE OF A PROPERTY MANAGER

TENANT OF THE MONTH DIRECTORS’ MESSAGE

SOCIAL SNAPS

PICTURED ON FRONT - 645 MACAULAY STREET, ALBURY

46 RIVERSDALE ROAD, TABLE TOP

STRATEGIES FOR A SUCCESSFUL AUCTION DAY

STRATEGIES FOR A SUCCESSFUL AUCTION DAY

Should you be actively involved in the real estate market—as a prospective buyer or seller—you may have to steel yourself for the exhilarating yet nervewracking experience of engaging in an auction or observing your own property being put under the hammer.

Given their life-changing potential for both parties, often fuelled by the auctioneer’s enthusiasm, auctions can indeed evoke a powerful mix of exhilaration, anticipation, and nervous tension for all participants.

Depending on the specific property and its location, auctions can serve as the most effective sales method, providing an accurate reflection of the prevailing market conditions.

However, it is crucial for both buyers and sellers to approach this process well-prepared, organised, and confident, having done everything within their means to optimise the outcome.

As Albury Wodonga’s spring auction season is swiftly approaching, here are some insights to help navigate the auction process successfully.

789 PEMBERTON STREET, ALBURY

For Sellers:

• Schedule your auction date carefully, striving for an uninterrupted four-week lead-up, preferably avoiding school term breaks and public holidays.

• Prioritise decluttering. Your sales agent can guide you on what needs to be addressed and can facilitate professional services if needed.

• Consider investing in property preparation for sale, which may include a garden makeover, painting, general repairs, high-pressure cleaning, and interior styling. Generally, every dollar invested in preparation can triple in returns on auction day.

• Dedicate resources to quality photography and videography. Effective property marketing hinges on visually captivating imagery. Drone photography, in particular, can be instrumental for international or distant buyers, allowing them to accurately gauge the property’s location and size.

• Ensure you are comfortable with the advertised quoted price range from the outset. You have a single chance at auction, so ensuring your expectations align with the market is paramount.

64 GUNBOWER CLOSE, EAST ALBURY

STRATEGIES FOR A SUCCESSFUL AUCTION DAY

For Buyers:

• Attend as many auctions as possible to familiarise yourself with their dynamics, the varying styles of auctioneers, and bidder interactions.

• Dress confidently—it can boost your selfassurance during this significant event. Having trusted companions along can provide valuable moral support.

• Inspect the property as thoroughly and frequently as possible. If convinced it’s the right choice, invest in a building and pest inspection for peace of mind.

• Make a point to introduce yourself to the auctioneer on auction day, maintaining a close presence and eye contact to ensure your bids are acknowledged.

• Secure your financial pre-approval to be prepared for immediate action.

If you need guidance on whether an auction is suitable for your property, or if you require advice on purchasing at an auction, don’t hesitate to contact a Stean Nicholls team member today.

728 JONES STREET, ALBURY

STEAN NICHOLLS AND STANLEY & MARTIN JOIN FORCES

Our company’s journey has been one of continuous growth and progress. Over the recent years, we have witnessed remarkable expansion in both our commercial sales and property management ventures. Simultaneously, we have embraced industry-leading Best Practices, integrating them seamlessly into our policies and procedures.

Throughout this transformative phase, our image, reputation, and market share have consistently grown, reaffirming our belief in the potential for further expansion. In pursuit of this vision, we enthusiastically pursued opportunities for collaboration with esteemed businesses who share our values of professionalism and excellence.

We are thrilled to announce a momentous achievement in this regard: the successful merger with Stanley + Martin. For a considerable time, we have held Stanley + Martin in high regard for their progressive and professional approach. The merge of Stean Nicholls Commercial and Stanley + Martin has ushered in a new era, infusing our group with fresh dynamics and an extended range of services for our valued clients.

Our integration with the talented Stanley + Martin team has been seamless and harmonious, a testament to our shared cultural alignment. Their wealth of expertise has already led to the implementation of invaluable processes and strategies, enhancing our approach to the dynamic realm of commercial real estate in Albury Wodonga and surrounds.

STEAN NICHOLLS AND STANLEY & MARTIN JOIN FORCES

This milestone signals an exciting advancement for the clients of Stean Nicholls Commercial. Our growth trajectory, a testament to the dedication of our exceptional team and the trust of our valued clients, propels us into this new chapter. As we forge ahead, we are more committed than ever to delivering the finest service possible.

We extend our heartfelt gratitude to you, our loyal and esteemed client, for your unwavering support. Our enduring partnership holds great promise, and we eagerly anticipate the remarkable journey ahead, where your experience will undoubtedly reach new heights.

Thank you once again for your trust, and we are excitedly looking forward to the continuation of our journey together.

.

Our Commercial Department - Sam, Dawn, Kristian, Lindy and Derinda.

RECENT RESULTS

RECENT RESULTS

Our Centre isn’t just a place to train, its a place to feel at home, get support and reach your goals. From basic obedience to advanced behaviour modification, our trainers employ a patient and compassionate approach, tailoring their methods to meet the unique needs of each dog.

Our premier doggy daycare offers a haven of fun and companionship for your furry friend while you’re at work.

3 Sheathers Road, Wodonga, 3690 p| (02) 6024 5073

e| daycare@brydiecharlesworth.com

THE UNDERESTIMATED VALUE OF A PROPERTY MANAGER

THE UNDERESTIMATED VALUE OF A PROPERTY MANAGER

In the realm of real estate investment, the selection of a proficient property manager is a decision of paramount importance.

A property manager serves as the linchpin between the property owner and the renters, ensuring smooth operations, timely rent collection, and meticulous maintenance. Below, we aim to offer comprehensive guidance and valuable insights into choosing the best property management team, a choice that can significantly impact the success of your real estate venture.

Firstly, it is essential to understand the role of a property manager. They are responsible for a plethora of tasks, including marketing your property, screening potential renters, handling lease agreements, managing maintenance and repair issues, collecting rent, and even dealing with eviction procedures. Therefore, the ideal property manager should possess a wide array of skills and a deep understanding of the real estate market.

Experience is a critical factor when choosing a property manager. An experienced manager will have weathered various market conditions and renter issues, equipping them with the knowledge to handle any situation that may arise. They will also have a proven track record, providing you with peace of mind that your investment is in capable hands.

Next, consider the manager’s communication skills. Effective communication is the bedrock of a successful property management team. They should be able to communicate clearly and promptly with both you and your renters. Regular updates on your property’s status, quick responses to your queries, and the ability to handle renter complaints with tact and professionalism are all hallmarks of a toptier property manager.

186 BERNHARDT STREET, EAST ALBURY

THE UNDERESTIMATED VALUE OF A PROPERTY MANAGER

The property manager’s fee structure should also be examined. While it may be tempting to opt for the team with the lowest fees, this could lead to sub-par service. Instead, focus on the value they provide.

A slightly higher fee may be justified if the team offers comprehensive services, excellent customer service, and a proven track record of maintaining high occupancy rates.

The property management team’s size and resources are also crucial. A larger team may have more resources at their disposal, such as a dedicated maintenance crew, which can lead to quicker response times for repair issues.

However, a smaller team may offer a more personalised service, with a single point of contact for all your needs.

Lastly, it is advisable to seek references and reviews. Speak to current and past clients to gauge their satisfaction level with the property manager. Online reviews can also provide valuable insights into the team’s strengths and weaknesses.

Choosing the best property management team is a nuanced process that requires careful consideration of various factors. By focusing on experience, communication skills, fee structure, team size, and client reviews, you can make an informed decision that will ensure your property is managed effectively and profitably. Remember, the right property manager is not merely a service provider but a strategic partner in your real estate investment journey.

Talk to the Stean Nicholls Property Management team and discover why they are the best in the business.

TENANT OF THE MONTH

Temperance and General

AMP Lane

Albury 2640 Australia

0458 742 492

hello@temperanceandgeneral.com.au

temperanceandgeneral.com.au

OPEN: Wednesday/Thursday 4pm - late Friday 3pm - late, Saturday 2pm - late Sundays (coming soon)

For newlyweds Dimity Sedgwick and Riley Hoysted, coming across the sale of their favourite little laneway cocktail bar was kismet. After taking over the 4-year-old business, it was a no-brainer for the couple to stick with the name “Temperance and General”, embracing this historic reference to the Temperance and General building in which the bar is located.

With Riley being a builder by trade and Dimity having a natural inclination for interior design, they saw nothing but potential in their new business. Design planning began straight away and thanks to Riley’s expertise (and hard work) they were able to complete their renovations within only 12 days, elevating the bar to a more modern design with a truly urban feel in the heart of Albury.

Both Albury locals, embracing the unique location and venue was obvious along with creating and extending a brand-new range of cocktails. Partnering with local brewery and distillery, Thirsty Devil, they now carry their own branded Vodka and Gin for their patrons to enjoy, as well as a range of other local beer, wines, and spirits. They love to keep it local in the lane, and supporting their community is top priority, second only to providing an excellent experience for their guests.

Stay tuned for their brand-new food menu, released in Spring, plus much more – It’s clear they won’t be stopping there. There is still so much more to come from this modest, but by no means small, business.

The past months have revealed fascinating trends and shifts that are shaping the market’s trajectory and influencing buyer preferences and investor decisions. Interest rates are poised to stabilize, offering a sense of assurance to both home buyers and investors. The appointment of a new head of the Reserve Bank of Australia has contributed to this expectation, signalling a potential period of stability in the interest rate landscape. This change comes at a time when the broader economic context is gaining attention, with media reports highlighting the financial pressures faced by the average household. These observations underline the importance of cautious financial planning and prudent decisionmaking.

A notable development is the indication that inflation is showing signs of slowing down. This shift has significant implications for the real estate market, potentially leading us into a more balanced environment. A more measured inflation rate can contribute to a stable market, benefitting both buyers and sellers. It’s a reminder that the landscape is constantly evolving, and staying informed is key to successful navigation.

The strong demand for real estate in our region remains steadfast. Despite the challenges posed by the waiting lists for new builds, buyers are actively exploring established housing options. This shift in attention

towards the established market has ensured that buyer demand remains resilient. This balance between supply and demand offers an encouraging environment for both buyers and sellers to engage in meaningful transactions.

The third quarter of 2023 has ushered in a range of promising developments. The anticipation of stabilized interest rates, evolving economic conditions, and shifting buyer preferences create a dynamic canvas for real estate activities. Our collective journey forward is marked by opportunities and the potential for mutual growth.

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

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

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

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

SOCIAL SNAPS

Welcome to the World!

Congratulations Madeleine and Jack on the arrival of their gorgeous girl Grace.

Congratulations Emily and Joe on the arrival of their beautiful boy Connor.

Congratulations Chloe and Kristian on the arrival of their beautiful boy River.