Riverina Real Estate 16th February 2018 by Your Local Wagga Weekly

your premier guide to the Riverina property market

FEATURE PROPERTY

6 Horsley Street, Kooringal

OPEN FOR INSPECTIONS

PAGE 3

PAGE 2

6 HORSLEY STREET , KOORINGAL | ISSUE 009 | FRIDAY, 16 FEBRUARY, 2018

Historical

BRUCEDALE CHAPEL PAGE 12

PAGE 3

WAGGA WEEKLY

opens doors on Fridays “Not only did the buyer find the property in the Riverina Weekly Real Estate, so did the other three people who wanted it should the first offer not continue.”

Open House inspections on Fridays weren’t worthwhile up until the Riverina Weekly Real Estate guide commenced in November 2017. MANAGER Janet Ashcroft janet@waggaweekly.com.au 02 6923 3901 | 0427 443 526

Now, said Greg Chamberlain,

“With this publication available on Thursdays and Fridays, potential buyers are reading it, then are ready to act when the Friday Open House viewing is conducted.”

principal of Wagga RE, Friday evening inspections are a permanent inclusion when he lists properties

EDITOR pennie scott editor@waggaweekly.com.au 02 6923 3900 | 0427 410 549

for his clients. “Last Friday we had inspections

“Having inspections on Fridays is more convenient for many people who are fully occupied over the weekend.”

between 5.00pm and 6.00pm for our feature property at San Isadore and it sold that night,” he said.

Greg said Friday evening inspections will continue after daylight saving with twilight viewings “so the properties are displayed in this light, too.” “Since advertising in the Riverina Weekly Real Estate, our Facebook numbers have doubled, especially in the younger age group of 20+ and first home buyers who use Facebook as their primary source of all information.”

OPEN FOR INSPECTION Saturday, 17th February, 2018 TIMES

ADDRESS SUBURB

ASHMONT 12:30pm-1:00pm

194 Ashmont Avenue

ASHMONT

BOOROOMA 2:15pm-2:45pm

11 Whitten Avenue

BOOROOMA

CENTRAL 1.00pm-1.30pm

27 Dobbs Street

CENTRAL

ESTELLA 11:00am-11:30am

19 Yandee Place

GLENFIELD PARK 11:30am-12:00pm 12:00pm-12:30pm

PRICE

AGENT

AGENT CONTACT

$249,500

Michael Kennedy

0417216698

$519,000

Ryan Smith

0449592211

$730,000

Greg Chamberlain

0417471029

ESTELLA

$495,000

Ryan Smith

0449592211

50 Mima Street 18 Balleroo Crescent

GLENFIELD PARK GLENFIELD PARK

3 3

2 1

2 2

$330,000 $275,000

Amanda Tilyard Ryan Smith

0418461067 0449592211

GOBBAGOMBALIN 2.00pm-2.30pm

65 Barmedman Avenue

GOBBAGOMBALIN

$489,000

Greg Chamberlain

0417471029

KOORINGAL 12.00pm-12.30pm

6 Horsley Street

KOORINGAL

$429,000

Greg Chamberlain

0417471029

LAKE ALBERT 1:00pm-1:30pm

6 Gregadoo Road

LAKE ALBERT

Auction

Ryan Smith

0449592211

LLOYD 11:30am-12:00pm

16 Chang Avenue

LLOYD

$435,000

Michael Kennedy

0417216698

TATTON 10:30am-11:15am 11.00am-11.30am

14 Atherton Crescent 5 Melville Place

TATTON TATTON

5 4

3 2

$789,000 $515,000

Amanda Tilyard Greg Chamberlain

0418461067 0417471029

TURVEY PARK 12:00pm-12:30pm

23 Croaker Street

TURVEY PARK

Auction

Ryan Smith

0449592211

Display HOME Open Every Saturday 11am - 2pm

RIVERINA WEEKLY REAL ESTATE | PAGE 3

ON THE COVER

Entertainers

DELIGHT 6 Horsley Street, Kooringal LIFESTYLE

This home offers the ideal environment for those who love to entertain. Located in a highly sort after street in Kooringal within walking distance to multiple public and private schools, the Kooringal Mall, both Boat and Golf Clubs, parks and the Lake.

FEATURES

This spacious family residence offers an abundance of room for the entire family to spread out. Four bedrooms, all with built in robes, the master with walk through robe into a spacious 2 way bathroom complete with a corner spa. Multiple living areas include an L-shaped formal lounge/dining at the front of the property, rumpus room or kids retreat at the rear and a fully enclosed patio making the ideal all year round living. The galley style kitchen and designated dining has been updated with loads of storage, dishwasher, stone benchtops and skylight. Ducted evaporative cooling and gas heating supply seasonal comfort. Splash into summer with the sparkling salt water in-ground swimming pool that has solar heating and sun gazebo. Double lock up carport that can house up to four cars, a built in BBQ, garden shed and a fully powered workshop/manshed.

$429,000 View Saturday 1.00pm - 1.30pm Agent: Greg Chamberlain 0417 471 029 www.waggare.com.au

Dedicated Real Estate Agents

Price $730,000 Absolute Simplicity

4 A 2 B 2 C Price $515,000 27 Dobbs Street, Central Inspect | 1.00pm - 1.30pm Saturday Greg Chamberlain 0417 471 029

• Floating timber flooring greets you at the entrance and flows through to the french doors that lead onto a private timber deck/entertaining area • Four bedrooms plus an office • 10 foot ceilings are complimented with ornate cornice and ceiling rose • Combined dining and sleek gourmet kitchen with high-end appliances • The main bathroom is finished with stylish quality • Ducted evaporative cooling and ducted gas heating throughout • Storage room inside the double lock-up garage with remote roller door • Low maintenance gardens and yards with full irrigation • Perfect for the astute buyer, this home and would suit everyone from retirees through to the young family.

Price $429,000 Entertainers Delight

www.waggare.com.au

Quiet Tatton Cul-De-Sac

• This spacious family residence offers an abundance of room • Four bedrooms, all with built in robes, the master with walk through robe into a spacious 2-way bathroom complete with a corner spa • Multiple living areas include an L-shaped formal lounge/dining • The galley style kitchen and designated dining has been updated with loads of storage, dishwasher, stone benchtops and skylight • Ducted evaporative cooling and gas heating supply seasonal comfort • Splash into summer with the sparkling salt water in-ground pool • Double lock up carport that can house up to four cars, a built in BBQ, garden shed and a fully powered workshop/manshed.

5 Melville Place, Tatton Inspect | 11.00am - 11.30am Saturday Greg Chamberlain 0417 471 029

• Boasting four bedrooms, the main complete with ensuite and walk in robe, an additional fifth bedroom or teenagers retreat downstairs • Spacious formal lounge and formal dining area • The kitchen features an abundance of storage and bench space • Spacious dining overlooks the patio and flows onto a sun drenched living room with gorgeous views as far as the eye can see • The extensive fully covered rear patio offers a sanctuary for the family • Ducted evaporative cooling and ducted gas heating • An abundance of under house storage and a built in hot tub room • The property is surrounded by established low maintenance gardens.

4 A 2 B 3 C Price $489,000 6 Horsley Street, Kooringal Inspect | 12.00pm - 12.30pm Saturday Greg Chamberlain 0417 471 029

4A 2B 2C

Dreams Do Come True

4A 2B 2C 65 Barmedman Ave, Gobbagombalin Inspect | 2.00pm - 2.30pm Saturday Greg Chamberlain 0417 471 029

• Four spacious bedrooms all with built in robes, • Light filled open plan lounge flows through to the kitchen and dining with a cinema room at the rear • Stone bench tops, gas cooking and stainless steel appliances • Three way bathroom accentuated in natural tones and plenty of storage throughout • Ducted gas heating and ducted evaporative cooling • Bi-folding glass doors out to the alfresco dining area • Double remote panel lift garage door plus double gates to the side

C O M M E R C I A L

Pat Barrett

Casey O’Mahony

• Residential, Rural and Commercial Conveyancing • Residential, Rural and Commercial Conveyancing • Leasing • Leasing • Wills • Wills • Succession Planning • Succession Planning • Probate • Probate • Company and Commercial Transactions • Company and•Commercial Transactions Immigration and visa applications • Immigration and Visa Applications • Immigration/Visas

Contact Pat Barrett, Casey O’Mahony, Lincoln Kennedy or our office for other legal needs. Contact Pat Barrett, Casey O’Mahony, Lincoln Kennedy or our office for any other legal needs.

69 268 268 www.walshblair.com.au 221 Tarcutta St, Wagga Wagga NSW 2650

3 No Compromises Made

Selling

50 Mima Street, GLENFIELD PARK

Price View

Generously proportioned throughout and decorated in neutral colour scheme. Ensuite bathroom and WIR from master. Extra large laundry with folding bench and external access. Covered outdoors entertaining area. Ducted heating and cooling. Double lock-up garage with internal access. This is perfect for you if you are wanting a low maintenance home.

16 Chang Avenue, LLOYD

Wonderful floor plan with two separate living rooms and includes a huge family area off the kitchen with an enormous walk in pantry. Entertainers dream with both living spaces flowing onto the outdoor alfresco. Four double bedrooms all with built-in robes, and the main has brilliant ensuite and great walk-in robe, plus a study. Ready to occupy now, with landscaping completed.

PRDnationwide Wagga 02 6923 3555 Amanda Tilyard 0418 461 067 amandatilyard@prdwagga.com.au

Price View

5 Spacious, Private & Spectacular

$330,000 Sat 17 Feb 11:30am 12:00pm

4 Beautiful Brand New Home

14 Atherton Crescent, TATTON

Family living canâ&#x20AC;&#x2122;t get any better! Set in the ever popular Tatton, sits this beautifully appointed home. Living, dining & kitchen areas flow seamlessly out to the verandah and entertaining area. Opulent master bedroom with a gorgeous integrated ensuite and a massive walk-in robe. Downstairs has theatre room complete with surround sound & data projector, full kitchenette, extra large study.

Price View

PRDnationwide Wagga Michael Kennedy 0417 216 698 michaelkennedy@prdwagga.com.au

$789,000 Sat 17 Feb 10:30am 11:15am

02 6923 3555 Amanda Tilyard 0418 461 067 amandatilyard@prdwagga.com.au

3 Stand out from the Crowd

Selling

194 Ashmont Avenue, ASHMONT

Price View

Exceptional family home that has never been sold before! Bigger than it reads, with substantial separate family room, second W.C., and a brilliant big backyard. Vehicle access to additional double garage and multiple sheds, plus a double tandem carport. Security shutters, secure rear yard, and a much treasured family home. Must be sold.

PRDnationwide Wagga

$435,000 Sat 17 Feb 11:30am 12:00pm

$249,500 Sat 17 Feb 12:30pm 1:00pm

PRDnationwide Wagga 02 6923 3555 Michael Kennedy 0417 216 698 michaelkennedy@prdwagga.com.au

3 A Perfect Beginning 18 Balleroo Crescent, GLENFIELD PARK

A popular, free flowing floorplan with separate lounge room and open plan kitchen/dining/family area. Undercover entertainment area with a double lock up carport + great shed and rear access & level fully fenced yard. A fresh lick of paint and new flooring and this home would shine again! Located in a quiet cul-de-sac close to local shopping, entertainment and child care facilities.

Price View

6 Gregadoo Road, LAKE ALBERT

Welcome to a wonderful way of living! A substantial four bedroom home set amongst beautiful bush land and nature. Driving up the driveway you will find a well presented family home featuring two bathrooms, multiple over sized living areas and a beaut little study. Multiple farmlet sheds equipped with power and water, double car port and an extra lockable storage room.

$275,000 Sat 17 Feb 12:00pm 12:30pm

PRDnationwide Wagga 02 6923 3555 Ryan Smith 0449 592 211 Luke Gerhardy 0415 947 176

4 Peaceful Living!

Sat 10 March @ 12:00pm On-Site Sat 1:00pm - 1:30pm

PRDnationwide Wagga 02 6923 3555 Ryan Smith 0449 592 211 ryansmith@prdwagga.com.au

As Rare As They Come 23 Croaker Street, TURVEY PARK

The lifestyle this property offers is second to none, with 4 light filled bedrooms all with built in wardrobes, master with en-suite and multiple living areas. High ceilings, polished timber floor boards and beautiful ornate ceiling roses. Immaculatly manicured gardens, and luscious back yard. Car accommodation for 3, this home is beautiful inside and out.

Date Venue View

Sat 10 March @ 10:30am On-Site Sat 12:00pm - 12:30pm

PRDnationwide Wagga 02 6923 3555 Ryan Smith 0449 592 211 ryansmith@prdwagga.com.au

4 Stunning Views

Selling

11 Whitten Avenue, BOOROOMA

Price View

Ultra modern four bedroom family home in growing Boorooma. It is just that one step above the rest! Strong floor plan that emphasises family living with high quality kitchen, abundance of natural light and lots of space for all the family to enjoy. Great size yard with rear yard access. This beautiful brick home is one to see.

Auction

Auction Date Venue View

$519,000 Sat 17 Feb 2:15pm 2:45pm

PRDnationwide Wagga 02 6923 3555 Ryan Smith 0449 592 211 Luke Gerhardy 0415 947 176

RIVERINA WEEKLY REAL ESTATE | PAGE 8

OOVERVIEW VERVIEW

WAGGA WAGGA

Wagga Wagga is a major regional city in the Riverina region of New South Wales. It is the �� fastest growing inland city, Wagga Wagga is a major regional city in the Riverina region of New located midway between Sydney and South Wales. It is the 9th fastest growing inland city, located midway Melbourne. With anWith urban population of55,820 between Sydney and Melbourne. an urban population of OVERVIEW 55,820 the CBD is focused people; the CBDpeople; is focused around the commercial and recreational grid OVERVIEW AVERAGE theisMurrumbridgee River. Waggaalong Wagga a major city in around theregional commercial and recreational the Riverina region of New South Wales. grid along the Murrumbridgee River. It is the �� fastest growing inland city,

OVERVIEW

Market Conditions

located midway between Sydney and Melbourne.Change With an urban population from Last of 55,820 people; the CBD is focused around the commercial and recreational House Sales River. grid along the Murrumbridgee

By PRDnationwide Research

Change from Last

Year

Half Year

House Median Price

The Wagga Wagga* property market recorded a median house price of House Sales $366,500 and $259,750 for units in Q3 2017, representing an annual price House House Median Price Rental Price change of 9.1% and 12.8% respectively. Over the same period of time house prices in Wagga Wagga LGA changed by 5.5% to $348,000 and unit prices House Rental Price grew by 15.4% to $259,750. Wagga Wagga* house prices are above the wider Unit Sales gga Wagga* property market median price of Unit Sales LGA, with a higher capital growthrecorded to match. TheaWagga Waggahouse inner suburb The Wagga Wagga* property market recorded a median house price of 0 and $259,750 units in Q3 2017, representing annual price has recorded for a higher median sale price for houses in Q3 2017 atan $397,500, $366,500 and $259,750 for units in Q3 2017, representing an annual price Unit Median Unit Price Median Price 12.8%respectively. annual growth. This indicates premium marketofwithin of 9.1%representing and 12.8% Over theathe same period of time change of 9.1% and 12.8% respectively. Over same period time househouse prices LGA changed by 5.5% to $348,000 and unitunit pricesprices CBD. in Wagga WaggatheWagga LGAWagga changed by 5.5% to $348,000 and Unit Rental Price

RKET CONDITIONS

MARKET CONDITIONS

HOUSE M

Unit Rental Price

grew by 15.4% to $259,750. Wagga Wagga* house prices are above the

15.4% Average towider $259,750. Wagga* house prices are above days to sellaWagga inhigher Wagga Wagga* has held relatively steady over the past LGA, with capital growth to match. The Wagga Wagga inner the suburb has recorded a higher median sale price for houses in Q3 2017 GA, withtwelve a higher months,capital currentlygrowth at 68 daysto for match. houses andThe 78 forWagga units in Q3Wagga 2017. at innerFUTURE DEVELOPMENTS** $397,500, representing 12.8% annual growth. This indicates a premium Wagga* is set to seeDEVELOPMENTS** approx. FUTURE Average a vendor discounting have sale remained in thefor buyer’s favour over the past has recorded higher median price houses in Q3 2017 at Wagga market within the CBD. ** $63.1M of new projects commencing in twelve months to Q3 2017, widening for both house -4.8%) and units (to 0, representing 12.8% annual growth. This(to indicates a premium the 2nd half Wagga of 2017. Infrastructure Wagga* is set to see approx. Average to sell in Waggafor Wagga* has held relatively steady the projects accounted foristhe -5.4%). This days is an unique position the market as although sellers areover willing Wagga Wagga* setmajority to see approx. $63.1M of new projects within the CBD. $63.1M of new projects commencing in past twelve months, currently at 68 days for houses and 78 for units in Q3 (39.6%), totaling an estimated $25.0M. commencingnd in the 2nd half of 2017. Infrastructure projects accounted to negotiate on first list asking price (good news for buyers), they are not 2017. Average vendor discounting have remained in the buyer’s favour over This is followed by at approx. the 2 commercial, half oftotaling 2017. Infrastructure for the majority (39.6%), compromising on capital growth their original investment). the past months to Q3 (from 2017, widening both housesteady (to -4.8%)over and the $21.1M (33.4%), residential at approx. an estimated $25.0M. This is followed days to sell in twelve Wagga Wagga* has held for relatively projects for theresidential majority commercial, ataccounted approx.at $21.1M (33.4%), at approx. $11.7M units (to -5.4%). This is an unique position for the market as although sellers $11.7Mby(18.6%), and industrial approx. Median rents in Wagga Wagga* have increased for houses over the past lve months, currently at 68 days for houses and 78forfor units in Q3 $5.3M (18.6%), are willing to negotiate on first list asking price (good news buyers), they (39.6%), totaling an$5.3M estimated $25.0M. and industrial at approx. (8.4%). A balanced future (8.4%). A balanced future project twelve months to Q3 2017, by 7.6% to $355 per week. Vacancy rates have are not compromising on capital growth (from their original investment). portfolio leads to sustainable growth. verage vendor discounting have remained in the buyer’s favour over project portfolio leads to sustainable growth. This is followed by commercial, at approx. shown a declining trend over the past twelve months, to 3.2% in September twelve months to Q3 2017, widening for both house (to andA key infrastructure (33.4%), residential Median rents in Wagga Wagga* have increased for houses over the-4.8%) past A key$21.1M infrastructure project occurring 2ndapprox. half of 2017 is the project occurring over over theat 2017. Astute investors are benefiting from 5.2% (house) and 4.1% (units) nd AREA XXXX twelve months to Q3 2017, by 7.6% to $355 per week. Vacancy rates have -5.4%). This is an unique position for the market as although sellers the 2 Wagga half $11.7M of Wagga 2017 isCommunity the WaggaCentre, Wagga whereby one of the uses for the (18.6%), and industrial at approx. rental yield, well above Sydney’s 2.9% andtwelve 3.8% respectively. Wagga shown a declining trend over the past months, to 3.2% in Wagga* September Centre, one centre. the Due to complete construction MAR facility will bewhereby a(8.4%). convention in the ng to negotiate on first listare asking price (good news for buyers), theyCommunity Aofbalanced future project UNIT 2017. Astuteconducive investorsindicators benefiting from 5.2% (house) and 4.1% (units) demonstrates for long term investment. uses for the$5.3M facility will be a convention half thisleads will further Wagga Wagga as a place to hold compromising on well capital their investment). rental yield, abovegrowth Sydney’s (from 2.9% and 3.8% original respectively. Wagga centre.1st Due to2018, complete construction in portfolio to establish sustainable growth.

FUTURE DEVELOPMENTS

scalethis events improving liveability for current residents and the 1st larger half 2018, will – further establish Waggaestablishing Wagga as aWagga place as to ahold larger activity centre / hub. commercial WAGGA WAGGA rents in Wagga Wagga* haveREGIONAL increased forGROWTH houses over the past scale eventsA–key infrastructure improving liveability for project occurring over 400 $400,000 2nd half 2017 Wagga Wagga* plans to add 86 subdivision lots, 18 nd and establishing Wagga months to Q3 2017, by 7.6% to $355 per week. Vacancy rates havecurrentInresidents the 2 half of 2017 is the Wagga Wagga as a commercial activity centrespread / hub.over seven residential projects. This will dwellings, and 33 units; declining trend over the past twelve months, to 3.2% in September Community Centre, whereby one of the 300 $300,000 answer the growing demand for new stock in the area. stute investors are benefiting from 5.2% (house) and 4.1% (units) In 2nd half 2017 Wagga Wagga* plans to uses for the facility will be a convention add 86 subdivision lots, 18 dwellings, and 200 Sydney’s 2.9% and 3.8% respectively. $200,000 eld, well above Wagga centre. Due residential to complete construction in 33 units; spread over seven *Wagga Wagga market data and key indicators encapsulates aggregate property market conditions in st demonstrates conducive indicators for long term investment. projects. This growing thewill1answer halfthe 2018, this will further establish 100 $100,000 Heading the following suburbs: Bourkelands, Estella, Kooringal, Lake Albert, Lloyd, Mount Austin, Tatton, demand for new stock in the area. Tolland, Turvey Park, Wagga Wagga. Median Price

Number of Sales

Wagga* demonstrates conducive indicators for long term investment.

Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017

House

Unit

Median House Price

$400,000

Median Unit Price

$300,000 $200,000 $100,000 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017

Wagga Wagga as a place to hold larger scale events – improving liveability for current residents and establishing Wagga as a commercial activity centre / hub.

**Estimated values are based on construction value provided by the relevant data authority and does

*Wagga Wagga market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Bourkelands, Estella, Kooringal, Lake Albert, Lloyd, Mount Austin, Tatton, not reflect commercial and/or re-sale value. Quoted construction and completion dates are estimate Tolland, Turvey Park, Wagga Wagga. **Estimated values are based on construction value provided by the relevant data authority and does only, as per relevant data authority. not reflect commercial and/or re-sale value. Quoted construction and completion dates are estimate only, as per relevant data authority. Source: APM Pricefinder, realestate.com.au, City of Wagga Wagga. Source: APM Pricefinder, realestate.com.au, City of Wagga Wagga.

Median Price

GA WAGGA REGIONAL GROWTH 0 $0

*Wagga Wagga market data and ke ^2017 quoted data represents sales Source: APM Pricefinder, realestate

In 2nd half 2017 Wagga Wagga* plans to add 86 subdivision lots, 18 dwellings, and 33 units; spread over seven residential projects. This will answer the growing Heading demand for new stock in the area. *Wagga Wagga market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Bourkelands, Estella, Kooringal, Lake Albert, Lloyd, Mount Austin, Tatton, Tolland, Turvey Park, Wagga Wagga. **Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value. Quoted construction and completion dates are estimate

RIVERINA WEEKLY REAL ESTATE | PAGE 9

AVERAGE DAYS ON MARKET**

OVERVIEW

AVERAGE DAYS ON MARKET** 140

OVERVIEW HOUSE KEY FACTS Q3 2017

HOUSE KEY FACTS Q3 2017 HOUSE KEY FACTS Q3 2017

Average Days on Market

140

Median Sale$366,500 Price: $366,500 Median Sale Price: Annual Growth: 9.1%* Median Sale Price: $366,500 Annual Growth: 9.1%* Annual Growth: 9.1%* Days on Market: 68 Average Average Days on Market: 68 Average Days Market: 68 %onChange between First Listed % between Change between First Listed % Change First Listed Price and Sold Price: -4.8% Price andPrice Soldand Price: -4.8% Sold Price: -4.8%

120

100

8080 6060

121

KEY FACTS UNIT* KEY FACTS UNIT* UNIT KEYKEY FACTS Q3Q3 2017 UNITS KEY FACTS Q3 2017 UNITS FACTS 2017 Median Sale Price : $785,000 84 84 Median Sale Price : $785,000 78 84 75 4040 84 70 78 Median Sale Price: $259,750 7575 75 73 Area Growth: 11% 73 68 70 68 Annual 58 Median Sale Price: $259,750 Annual Area36Growth: 11% Average Days on Market: 47 58 Annual Growth: 12.9%* Median Sale Price: $259,750 20 Annual Growth: 12.9%* Average Days onPrice Market: 36 47 % Change between First Listed 20 Annual Growth: 12.9%* Average on 78 Market: 78 Average Days on Days Market: % Change between First Listed Price and Sold Price: -0.1% % Change FirstDays Listed Average on Listed Market: 78 0 %between Change between First and Price: Sold -5.4% Price: -0.1% Price andPrice Sold Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 %and Change between 0 Sold Price: -5.4% First Listed Price and Sold Price: -5.4% Q2 2016House Q3 2016 Q4 2017Market Q2 Trend 2017 Q3 2017 Unit 2016 Q1 Overall 110 110

House

Unit

RENTAL HOUS

Overall Market Trend

KEY COMM

Wagga Wagg increase over softening. Des the past twelv Overview September 20 significantly hi conducive con

MEDIAN

SALES AND MEDIAN PRICE**

SALES AND MEDIAN PRICE** 250

$400,000

250

$350,000

$400,000

$300,000

$350,000

$250,000

150

$200,000

150 100

224

205

218

170

100

224

205

Q2 2016

Q3 2016

House Sales

$100,000

218

201

Q4 2016 Unit Sales

Q2 2017

Q3 2017

17 Q1 2017

Median House Price

$150,000

$100,000

Median Unit Price

Q2 2016

Q3 2016

House Sales

Q4 2016

Q2 2017

Q3 2017

Unit Sales

Q1 2017

Median House Price

$200,000

$50,000

*Annual growth represents price growth for property transactions between Q3 2016 to Q3 2017 (inclusive). **Wagga Wagga market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Bourkelands, Estella, Kooringal, Lake Albert, Lloyd, Mount Austin, Tatton, Tolland, Turvey Park, Wagga Wagga. Source: APM Pricefinder, realestate.com.au, SQM Research, City of Wagga Wagga.

$250,000

$150,000

191

170

201

191

$300,000 Median Price

Number of Sales

200

Median Price

Number of Sales

200

$50,000 $0

Median Unit Price

*Wagga Wagga m Mount Austin, Tat Source: APM Pric

average percentage difference average percentage difference between between first list priceand andfinal final sold sold price. A first listed price price. A lower percentage differencesuggests lower percentage difference (closer to zero) are close to buyers are suggests willing to buyers purchase willing purchase close to the thetofirst asking price of first a property. asking price of a property.

-5.4%

-4.8%

-4.1%

-4.5%

-3.5%

AVERAGE VENDOR DISCOUNT AVERAGE VENDOR DISCOUNT

RIVERINA WEEKLY REALdiscount ESTATE Average vendor discount reflectsreflects the| PAGE Average vendor the 10

Unit

-4.1%

-3.8%

-4.7%

-3.0%

-5.1%

-2.0%

-4.3%

-1.0%

-2.5%

House

0.0%

-4.6%

Change from Listing to Sale Price

AVERAGE VENDOR DISCOUNT*

MARKET COMPARISON GRAPH UNIT The KEY marketFACTS comparison graph provides comparative trend for median price of house and units over the past 10 years. Suburbs profiled are chosen based on proximity to the main suburb analysed in the factsheet, which is Wagga Wagga. The main suburb is highlighted through a dotted black line graph.

-4.0% -5.0% -6.0%

Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017

HOUSE MARKET COMPARISON

MARKET COMPARISON GRAPH

House Median Price

$450,000 $400,000 $350,000 $300,000

$250,000 $200,000 $150,000 $100,000

2008

2009

2010

2011

Wagga Wagga

AREA XXXXXX

2012

2013

Kooringal

2014

2015

Turvey Park

2016

2017^

Glenfield Park

UNIT MARKET COMPARISON** Unit Median Price

$300,000 $250,000 $200,000

The market comparison graph provides comparative trend for median price of house and units over the past 10 years. Suburbs profiled are chosen based on proximity to the main suburb analysed in the factsheet, which is Wagga Wagga. The main suburb is highlighted through a dotted black line graph.

$150,000 $100,000 $50,000 $0

2008

2009

2010

2011

Wagga Wagga

2012 Kooringal

2013

2014

2015

Turvey Park

2016

2017^

Glenfield Park

*Wagga Wagga market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Bourkelands, Estella, Kooringal, Lake Albert, Lloyd, Mount Austin, Tatton, Tolland, Turvey Park, Wagga Wagga. ^2017 quoted data represents sales transactions up to and including 30th September 2017, or the end of Q3 2017. Source: APM Pricefinder, realestate.com.au, City of Wagga Wagga.

ABOUT PRDnationwide RESEARCH

PRDnationwide’s research division provides reliable, unbiased, and authoritative property research and consultancy to clients in metro and regional locations across Australia. Our extensive research capability and specialised approach ensures our clients can make the most informed and financially sound decisions about residential and commercial properties.

OUR KNOWLEDGE

Access to accurate and objective research is the foundation of all good property decisions. As the first and only truly knowledge based property services company, PRDnationwide shares experience and knowledge to deliver innovative and effective solutions to our clients. We have a unique approach that integrates people, experience, systems and technology to create meaningful business connections. We focus on understanding new issues impacting the property industry; such as the environment and sustainability, the economy, demographic and psychographic shifts, commercial and residential design; and forecast future implications around such issues based on historical data and fact.

OUR PEOPLE

Our research team is made up of highly qualified researchers who focus solely on property analysis. Skilled in deriving macro and micro quantitative information from multiple credible sources, we partner with clients to provide strategic advice and direction regarding property and market performance. We have the added advantage of sourcing valuable and factual qualitative market research in order to ensure our solutions are the most well considered and financially viable. Our experts are highly sought after consultants for both corporate and government bodies and their advice has helped steer the direction of a number of property developments and secured successful outcomes for our clients.

OUR SERVICES

Our research services span over every suburb, LGA, and state within Australia; captured in a variety of standard and customised products. We have the ability and systems to monitor market movements, demographic changes and property trends. We use our knowledge of market sizes, price structure and buyer profiles to identify opportunities for clients and provide market knowledge that is unbiased, thorough and reliable.

PRDnationwide does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRDnationwide will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRDnationwide Research © All medians and volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed. © 2017

PRDnationwide SERVICES INCLUDE

• Advisory and consultancy

• Market Analysis including profiling and trends • Primary qualitative and quantitative research • Demographic and target market Analysis • Geographic information mapping • Project Analysis including product and pricing recommendations • Rental and investment return analysis

Simon Freemantle, Principal PRDnationwide Wagga Wagga 53 Fitzmaurice Street Wagga Wagga NSW 2650 Australia T +61 2 6923 3555 F +61 2 6921 4096 M +61 419 987 549 E simonfreemantle@prdwagga.com.au PRD.com.au/waggawagga

RIVERINA WEEKLY REAL ESTATE | PAGE 11

WEEKLY INTERIORS

Tips to find the

RIGHT-FIT

REAL ESTATE AGENT By Katrina Chambers Here are a few tips to put you on the right track. Finding the right agent to sell your home can be an overwhelming job. You want to be sure the person you enlist to sell your property has your interests at heart and, to find this perfect match means shopping around. This may take time but, will yield the best results.

RESEARCH Start with a couple of agencies and stalk their website and social media pages. Get a feel for their style, promotions and selling techniques. Sign up for their newsletters and see which style you are most comfortable with.

LOCAL An agent must be very familiar with your local area. Drive around your suburb and see if their name or company is well represented in your area. Make sure the agent you choose has plenty of intel(ligence) about other properties in your suburb too, as they may be competition to your sale and, not knowing enough about your particular suburb may not realise full value for your property.

VISIT OPEN HOUSES An excellent way to get a feel for an agent and the way they interact is to attend their current open houses. Watch and listen as they talk to people, potential buyers and observe their overall demeanour. Did they follow up with you after the open house?

DISCUSSION

Do you feel comfortable discussing your needs and wants with the agent? After all, itâ&#x20AC;&#x2122;s your precious money and you need to be on the same page. Make sure your communication feels open and honest and you need to have confidence in them to negotiate without feeling stressed.

RESULTS

Look at the agentâ&#x20AC;&#x2122;s previous results. Seek out their recently sold properties and ask them for a list of sale prices and time on market.

Real estate agents are an important part of the property selling process. They add unique insights and experiences and can reassure through the levels of stress you might feel during the selling process. Unless you already know a real estate agent whom you trust, choosing a complete stranger to sell your home takes a lot of guts and background research.

RIVERINA WEEKLY REAL ESTATE | PAGE 12

HISTORICAL

Brucedale Chapel By Marguerite McKinnon It’s been 25 years since Brian and Jeanetta O’Leary rode their motorbike out to see the tiny church in Brucedale, and, unintentionally, drove straight past. “When we came past on the highway you couldn’t see it because it was so dense. The nature strip was full of acacia trees and you couldn’t even see the church,” Jeanetta said. In a case of, ‘seek and ye shall find’, the O’Leary’s drove to a high point and from a distance spotted the back of the church. They returned, made their way through the dense overgrowth, and pushed open the stubborn gate. “We fell in love with it,” Jeanetta said. Built in 1876, the Wesleyan Chapel has a long and proud history in the region. Without pews, churchgoers in the 1870’s brought boxes to sit on which were filled with home-grown produce to give to the travelling minister. Among the faithful was a young Mary Cameron, who later became the prolific writer, poet and journalist Dame Mary Gilmore (1865-1962). She has featured on the Australian $10 note since 1993. Dame Mary wrote about the sermons at the Brucedale Chapel. The following excerpt featured in her 1925 Book of Recitations:

RIVERINA WEEKLY REAL ESTATE | PAGE 13

IS UP FOR SALE In Wesleyan Days, Wagga Wagga “By a rag-wick light (they were Wesleyans then), They gathered together, women and men; And little they cared for the world outside, It’s grasping for riches, its pomp and pride, For their hearts were full and their voices glad, As they praised the Lord, whatever they had.” “There were Withers, and Biddle, and Whittell and Clode --Hales, Dowlings and Johnstons, from Brucedale Road --And they muddled up hymns that they started too high, (Which later, Miss Wagg sent up to the sky), Till Beattie came in with his fine baritone, Sand Heydon stood up, a basso alone! With the young girls crowded up, inch by inch; And the tins brought biscuits, and butter and eggs, To fatten up the minister’s children’s legs; While the boys (now grey heads) stood back at the wall, And at Amen time groaned loudest of all.” Call it chance or destiny, Brian and Jeanetta’s love transformed the Brucedale property. They restored the battered church which had been painted orange and blue by the former owner (a ceramic artist) cleared the grounds, built an oversized shed for Brian then an energy-efficient home and turned the reclaiming bushland into lush, manicured gardens. “We’re still together now so it worked out,” Brian said. On 17 September 1995, before more than 100 guests and locals, the chapel was blessed by Catholic Bishop William Brennan for use by all denominations for weddings, christenings, and

even the celebration marking the centenary of the Kangaroo March when 88 men marched from Wagga to Sydney to sign up for The First World War. Brian’s daughter was the first to get married in what’s been an endless number of weddings at the Brucedale chapel. “Sometimes we’d have two and three

Now, the O’Leary’s have decided to sell this stunning and historic property.

weddings a day, it’s been a lot of work

“The auction of the property is on the 24th March,

for us, and, at our age, it’s time for us to

but every Saturday in the month leading up to

move on,” Jeanetta said.

that, the property will be open for an open house

“Everyone just loved coming here and

inspection,” Jeanetta said.

word spread, It just went on like topsy,”

The entire property will go under the hammer

she said.

which includes the restored 1876 Wesleyan

“It just went on and on and on,” Brian said. “We had an 85-year-old couple get married and they’re still alive, now in their 90’s and living at the coast. Fr Plunkett married them out here.” “We’ve had Scottish pipers, a Fijian wedding, all

Chapel, the O’Leary’s home which has three bedrooms, two showers, open-plan kitchen, living and lounge room. The dining room features an overarching pergola complete with restored French doors from the archive room at Mount Erin’s Chapel in Wagga and another set of antique

types of music and all sorts of cars. They come

doors from Reims in France.

on tractors, they bring their dogs dressed up as

“We’re having an auction to see what it will bring,

if their dogs are their babies, and they bring their

and we’re hoping it will sell on the day,” Jeanetta

cats,” Brian said.

said.

A godsend was when a diviner from Cootamundra

For thousands of Australians who have an historic

discovered an underground aquifer that faithfully

attachment to the Wesleyan Chapel or Brucedale,

pumps out 60 litres of water a day.

the auction on the 24th March will be one to watch.

RIVERINA WEEKLY REAL ESTATE | PAGE 14

WEEKLY INSPIRATION

When, where and why to use

WATER-BASED PAINT By Inspirations Paints Wagga

In last week’s edition we covered the use of oil-based paints and the pros and cons of using them. This week we’ll tell you about water-based paints and where and how to use them. The first thing to know is there are three types of water-based paints; one made with acrylic resin, one made with a vinyl resin and, a combination of both. High quality water-based paints contain a higher proportion of acrylic resin (often 100% acrylic), and low quality water-based paints contain a low percentage of acrylic resin and a high percentage of vinyl resin. Acrylic resins outperform vinyl resins with higher protection of stains, greater water resistance, better adhesion, increased Ultra Violet resistance and greater protection against cracking and blistering. Acrylic resin is considered extremely weatherproof and ideal for outdoor applications; in solid form, acrylic resin can last decades in the sun without breaking down.

Acrylic resins used in quality water-based coatings are extremely resistant to UV light and can retain sheen and colour over long periods of time. This makes water-based coatings far more suitable to exterior applications than oilbased coatings. Poorer quality vinyl resin used in cheap water-based paints do not have the same level of UV resistance.

recommend all these brands as they are high quality acrylic resin based paints.

Water-based coatings are more plastic in nature with greater flexibility than oil-based coatings making them more able to cope with substrate expansion and contraction and more effective at bridging gaps in a substrate.

As you can tell, there’s not a substrate or place where water based paints cannot be used. They are environmentally friendly with low odour and quick drying.

At Inspirations Paints we have Dulux Weathershield, Berger Solarscreen and Haymes Solashield which are acrylic resin based, high quality materials which we recommend for exterior use. For interior applications where you need a hard wearing, washable and stain resistant surface, we recommend the Dulux Wash N Wear range, Porters Eggshell Finish, Berger Everlast range and the Haymes Expression range. We

For your trim work (interior and exterior) we have the Dulux Aquanamel range, Berger Water Based Door & Trim, Haymes Water Based Enamel and the very popular Porters Water Based Trim Gloss or Semi-Gloss.

Come in and see us when you are ready to do your next painting project. If you have any questions please call in and see us at 18 Dobney Avenue and speak to Allan, Tracy, Jenny, Dean or Rob. We are very happy to help.

RIVERINA WEEKLY REAL ESTATE | PAGE 15

WEEKLY GARDENING

CORTEN STEEL

the latest

GARDEN TREND By pennie scott

The rage in modern gardens now is weathered steel with its distinctive rusted patina. Once the natural process of unprotected steel weathering with age and from exposure to the elements, you can now purchase ready-to-install panels and garden edging with these characteristics. The patina is actually a complex protective oxide layer that forms on the steel’s surface and it is this oxide layer that gives the distinctive appearance as well as contributing to weather resistance capabilities compared to standard steels. If the protective oxide layer is damaged, the process of oxidation may recommence in that area until the protective layer is reformed. The improved corrosion performance of ‘weathering steels’ can lengthen the life and provides a cost advantage over other materials. Typically used in bridges, rolling stock and shipping container applications, the aesthetic qualities of weathering steels have led to their use in architectural applications such as building facades and as decorative sound barriers on freeways. Gil Mathews Steel in Chaston Street, Wagga, has a great supply of Corten steel in different thicknesses. “We have it in 2400cm x 1200cm lengths and different thicknesses which we can shape and curve through our rolling machine,” Gil explained. “It can be cut to size and shape for any situation.” “We also have a range of steel garden edgings in gal and black steel.” If you have existing structures you want to transform into the weathered steel patina, Inspiration Paints in Forsyth Street, Wagga, stock Porter’s Liquid Iron paint.