BAROSSA NEWS
At Century 21 Barossa we are proud to be an integral part of our community We feel privileged to be of service in helping people realise their property goals, converting dreams into tangible results. Under the leadership of our Principal, CJ Setlhong (or CJ as he is known throughout the Barossa Valley), our team has grown steadily as we pursue excellence. For the team success is about much more than numbers It's about integrity and doing the right thing by people These ethics have underpinned Century 21 Barossa from day one and continue to drive our team
LET'STALK AUTUMN
Your guide to all things Real Estate & the Barossa
UPCOMING EVENTS
For more events in the Barossa this Autumn... Scan the QR code
AFL GATHER ROUND - LYNDOCH 10 - 13 APRIL 2025
BAROSSA VINTAGE FESTIVAL 23 - 27 APRIL 2025
EASTER JR CHOCOLATE WORKSHOP 15,17 - 19 APRIL 2025
This edition:
Meet the team
CJ’s property predictions
Local Business Highlight - Sam
Kroepsch Photography
What you need to know about the latest
RBA rate cuts in Australia
How to upgrade your home on a budgetRealty Assist
Century 21 SA Annual Awards
Emerald Way Charity Home
Sold Properties
Meet the T
Principal/Sales Consultant 0448 085 077
cjsetlhong@century21comau
brianna.setlhong@century21.com.au
CJ’S PROPERTY PREDICTIONS
CJ SETLHONG
Principal/Sales Consultant 0448 085 077
cjsetlhong@century21comau
Important Update!
As of January 1st 2025, the Australian Taxation Office (ATO) clearance certificates are now required prior to the settlement of any property being sold within the state with the increase of foreign investment in Australia, property sales withholding rules for property sales were introduced from 1 July 2017
As from 1st of January 2025 all property sales will require an ATO Clearance Certificate from the Australian Taxation Office and provided to the purchasers conveyancer prior to the settlement date
If the ATO Clearance Certificate is not provided, the purchasers conveyancer is legally required to hold 15% of the sale price on behalf of the vendors and forward directly to the ATO on the day of Settlement
This could effect the situations whereby surplus funds are required for a follow on purchase and then insufficient funds being available, settlement being delayed and potential legal action
Applications must be made with the ATO to obtain the Clearance Certificate, these applications must be made by either the vendor directly or via their tax agent
There is no fee payable to obtain the clearance certificate and all clients are encouraged to apply as early as possible upon a contract of sale being entered into
The certificate is valid for a 12 month period and could be used for the sale of multiple properties during that period The certificates obtained are vendor specific, if the property is owned by two or more people, each individual will need to apply for their own clearance certificate
Nuriootpa
The property market in Nuriootpa has experienced notable growth in recent years.
Looking ahead to autumn 2025, property values in South Australia are anticipated to rise between 3% and 6%, potentially increasing the median house price by up to $47,700.
Given Nuriootpas proximity to Adelaide and its recent robust growth, it's plausible that the suburb will experience similar trends. The median house price currently sits at $620,000, reflecting a 19 2% increase over the past year Factors contributing to this projected growth include limited housing supply, sustained population growth, and expectations of stable or reduced interest rates. These elements are likely to support continued demand and price appreciation in the region
However, it's important to note that while the broader Adelaide market is expected to see moderate growth, individual suburbs like Nuriootpa may experience variations based on local dynamics Prospective buyers and investors should consider these factors and consult local real estate experts for the most accurate and current information
Tanunda
As of March 2025, Tanunda has experienced notable property market activity. Over the past 12 months, over 85 houses were sold, with a median sale price of $731,000, reflecting an annual increase of 23 9% Properties typically remained on the market for an average of 38 days, and the median weekly rent for houses stood at $520, yielding a rental return of approximately 4 3%
Looking ahead to autumn 2025, several factors are expected to influence Tanunda's property market:
Interest Rates: The Reserve Bank of Australia has signaled potential interest rate cuts in 2025 Lower borrowing costs could enhance buyer confidence and stimulate demand, potentially driving property prices higher
Housing Supply: The South Australian government plans to accelerate the development of over 12,000 new homes in areas such as Concordia, Sellicks Beach, and Murray Bridge While these initiatives aim to address housing shortages, their immediate impact on existing markets like Tanunda may be limited
Considering these factors, Tanunda's property market is poised for continued growth in autumn 2025 Prospective buyers and investors should monitor interest rate trends, government housing initiatives, and regional economic indicators to make informed decisions
Angaston
As of March 2025, the median house price in Angaston, South Australia, is approximately $652,500, reflecting an annual growth of 25.5%.
Looking ahead to autumn 2025, given Angaston's proximity to Adelaide and its recent robust growth, it's plausible that the suburb will experience similar trends Factors contributing to this projected growth include limited housing supply, sustained population growth, and expectations of stable or reduced interest rates
However, its important to note that while the broader Adelaide market is expected to see moderate growth, individual suburbs like Angaston may experience variations based on local dynamics Prospective buyers and investors should consider these factors and consult local real estate experts for the most accurate and current information
RBA Rate Cuts: What the Latest Cash Rate Reduction Means for Australians
On 18 February 2025, the Reserve Bank of Australia (RBA) decided to cut the cash rate from 4.35% to 4.10%—the first reduction in over four years.
This marks a pivotal shift for Australia’s economy and presents new opportunities for property investors, developers, and home buyers. How can you take advantage of these changes? Let’s break it down.
Why Did the RBA Cut Rates?
The RBA’s decision to ease monetary policy comes in response to key economic factors:
Inflation is decreasing: By December 2024, inflation dropped to 3.2%, drawing closer to the RBA’s target of 2–3%
Consumer spending has slowed: Both businesses and households have been more cautious with their spending, lowering inflationary pressures.
Labour market changes: While unemployment is anticipated to rise above 4% in 2025, wage growth has moderated, increasing the RBA’s confidence that inflation will remain in check
What Property Investors Need to Know: Increased borrowing power
A lower cash rate means more affordable borrowing, which directly impacts lending capacity With reduced mortgage repayments, investors can borrow more, making it easier to expand property portfolios.
For instance, single-income borrowers could see an increase of around $7,900 in borrowing capacity, while couples with dual incomes might gain up to $18,500 If you’ve been eyeing new investment opportunities, now might be the time to reassess your borrowing limits.
Potential
property price growth
Historically, lower interest rates fuel buyer demand, which often leads to property price increases especially in highdemand areas like Sydney and Melbourne For existing investors, this means stronger capital growth. However, new investors may need to move quickly before prices rise further.
Development opportunities on the rise
With cheaper financing, developers are likely to ramp up new housing projects. This increased supply could help balance demand in some areas but may also create lucrative opportunities for those looking to invest in offthe-plan developments
How Home Buyers Benefit:
Lower mortgage costs
If lenders pass on the full rate cut, mortgage rates will fall. For example, the average home loan interest rate for owner-occupiers could drop from 6 32% to around 6 07%, saving borrowers approximately $100 per week on a $500,000 loan over 30 years. These savings can make a huge difference in long-term affordability.
Improved housing affordability
For first-home buyers, lower rates mean lower repayments, making homeownership more accessible. However, increased buyer activity could also lead to heightened competition, particularly in sought-after locations
Boost in buyer confidence
A rate cut often improves consumer sentiment When people feel financially secure, they’re more likely to commit to major purchases like real estate. This could lead to a surge in demand over the coming months, reinforcing the importance of acting swiftly if you’re planning to buy With more potential rate cuts on the horizon, this could be the start of a new phase for the Australian property market.
What Should You Do Next?
For property investors:
Review your borrowing power: Speak with a broker to assess your increased borrowing capacity.
Monitor market trends: Look for investment opportunities before property prices rise further
Consider refinancing: Lower rates may mean better mortgage deals review your current loan structure.
For home buyers:
Act early: As demand increases, securing a property now could save you money before prices climb
Check government incentives: First-home buyer grants and stamp duty concessions can further increase affordability.
Get pre-approval: In a competitive market, preapproved buyers have the advantage.
LOCAL BUSINESS HIGHLIGHT
From a hobby to a thriving full-time business, Sam Kroepsch Photography has been capturing the essence of the Barossa Valley and beyond for over a decade. Specialising in commercial photography, Sam works with a diverse range of clients from the wine industry to corporate brands and real estate marketing delivering high-quality visuals with a relaxed, professional approach.
Taking the leap into full-time photography in 2021 was daunting, but Sam hasn’t looked back. His core values? Clear communication, quality work, and building strong, lasting relationships with his clients. Whether he’s shooting stunning property visuals or helping businesses tell their story through compelling imagery, Sam brings expertise and passion to every project.
LOCAL BUSINESS HIGHLIGHT
When he’s not behind the lens, Sam’s love for adventure takes him all over the state with his wife and young son, making memories along the way.
Looking for a photographer who delivers both skill and an easy-going experience?
Sam Kroepsch Photography is the name to know.
INFO@SAMKIMAGES.COM.AU
WWW SAMKIMAGES COM AU 0419 035 382
How to upgrade your home on a budget!
Are you considering selling your home and want to improve its value, or want to make upgrades on your home but don’t have the funds? We’ve got all the tips and info you need to get started!
You might hear the terms VPA or Vendor Paid Advertising mentioned during the sales process. In real estate terms, the property owner selling their property is known as the vendor: that’s you. Vendor-paid advertising includes the marketing activities that your real estate agent undertakes to sell your property It’s the photography, the signage, signboards, and the advertising campaign. This system allows you to pay upfront or defer your Vendor Paid Advertising until the settlement date, 180 days, or withdrawal of the property, whichever occurs first. You pay your VPA invoice first, and then your real estate agent gets to work marketing and advertising your property.
With RealtyAssist, we provide a solution (subject to approval) where you can conveniently defer the payment of your marketing and advertising invoice. This empowers you with the flexibility to pay upfront, pay later or at settlement * And by opening your property up to more potential buyers sooner, you’ve got a better chance of maximising its sale price.
As well as helping you pay for your marketing and advertising now, RealtyAssist also supports you in accessing Additional Funds to pay for those critical enhancements that can elevate your property and maximise its sale price.
To find out more information head to marketing.realtyassist.com.au. *This is only eligible for vendors with a signed sales agency agreement with us
Century 21 SA Annual Awards
We had a fantastic evening out at The Playford Hotel, Adelaide celebrating the Century 21 South Australian Annual Awards! A big welcome to our new CEO, Ray Ellis
We are thrilled to take home a couple of awards to add to our collection.
Quality Service Award - Donna Blight
Life Masters Award - CJ Setlhong
Another year of amazing achievements from our Barossa team We can't wait to see what is in store for us this 2025!
EMERALD WAY
CHARITY HOME
Scan the QR Code to donate!
In conjunction with Joe Belperio, Owner and Director of Emerald Way Mount Barker, construction company Urban Edge SA, led by Director Ameen Farah and Century 21 South Australia, we would like to introduce you to the 'The Amelie'. The Amelie is a luxury two-story home located on Emerald Way in Mount Barker. Set on a 495m2 block donated by Joe Belperio, and constructed by Urban Edge SA who have donated their time and resources. The 'Amelie' will head to auction in early 2025, but the best part? It will be a no-reserve auction, that's right- no reserve so every bid counts. All proceeds will support Variety SA, a charity aiding sick, disadvantaged, or disabled children Attending the walk-through of this project and speaking to all of those involved, Greg Nybo, Principal/Owner from Century 21 Property People said "This no reserve auction means the highest bid will secure the home, maximizing funds for the charity. We're thrilled to have Tom Panos, as seen on Channel 9's The Block, as our auctioneer, which should attract a great crowd "
Each Century 21 South Australia office will be fundraising with the plan to make as much money for Variety SA as possible, including us! We know that it is a tough time for many people at the moment however, any little bit helps
