Market Review Booklet April 2024

Market Update

Our exclusive review of what's been happening in local real estate in the first quarter of 2024

2024 is well-underway, it’s hard to believe we are already in April!

From our Principals

General enquiries have increased, as well as open home numbers, giving no doubt that buyer activity is increasing as the market appears to stabilise We are only one quarter in, however 2024 so far is looking promising - the market is continuing to evolve and improve, with 40 new listings going live across our three offices, and 28 properties sold, continuing the trend of fantastic results by all of our team

Feature sales of the past quarter include; Ryan Stalgis negotiating 25 Pacific Avenue, Werri Beach for a spectacular $4,500,000. 3A David Smith Place, Kiama was sold for a fantastic $2,000,000 by Andy Wharton. Terry Digger and Abbey Murphy sold 22B Irvine Street, Kiama under the hammer for $1,225,000 which was well above the reserve. Jason Stalgis

negotiated a great result of $2,700,000 for a DA approved development site at 35 Belinda Street, Gerringong. 73A River Road, Shoalhaven Heads had a fabulous result achieving $1,700,000 by Claire Nunn & Aimee Longbottom We still have plenty of amazing properties on the market today, and we would love to help you find your dream property

The exciting news continues for our team! We're incredibly proud to announce that our First National Coast & Country team have won Agency of the Year 2024 for the following suburbs, Gerringong and Gerroa. This is our 7th Year in a row winning Agency of the year for Gerringong! We want to thank all our vendors and buyers for writing such kind words about your real estate experiences with our team.

A huge congratulations goes out to two of our First National Coast & Country Sales Agent's, Angie Ritchie

has won Rate My Agent - Agent of the Year for Gerringong & Ryan Stalgis has won Rate My AgentAgent of the Year for Gerroa.

We had the First National NSW Gem Awards in March and achieved awards across the board including: Elite Sales Office of the Year Award, Deb Peters was awarded - Elite Business Development Manager Award & outstanding sales performance awards were achieved across the board by our sales team

We have a range of beautiful holiday homes in our local area through Coast & Country holidays, these are booking out fast and we expect a busy school holiday period ahead.

We hope you enjoy this update, and we hope it inspires you to make your next property decision with us.

Median house price last 12 months

FIRST NATIONAL COAST & COUNTRY

CONTINUE TO BREAK RECORD, AFTER RECORD

Great Result by Ryan Stalgis

25 PACIFIC AVENUE, KIAMA

$4,500,000

50 GROUPS INSPECTED

OVER 350 BUYER ENQUIRES

Great Result by Terry Digger & Abbey Murphy

22B IRVINE STREET, KIAMA

$1,225,000

OVER 70 BUYER ENQUIRES

86 BIDS AT AUCTION

9 REGISTERED BIDDERS AT AUCTION

Our Properties For Sale

First National Coast & Country is the longest-serving real estate team in the area. Having operated throughout Kiama, Gerringong and Shoalhaven Heads for 30 years, we are proud to offer the largest and most experienced real estate group of professionals, working hard to provide you with the best service and local knowledge. Over the next ten pages, we have showcased our latest properties for sale. Whilst this is up to date at the time of publication, our listings are forever changing. Contact us today to enquire about our latest and upcoming properties for sale.

A word from our clients...

Jason Stalgis

KNOWLEDGEABLE, FRIENDLY AND HONEST

2/16 Greta Street, Gerringong L Nicholls - Purchaser

Jason made the process of buying my unit much easier than I thought it would be. He was very knowledgeable, always available to answer my questions and guided me through the process in a professional yet friendly manner Jason was a pleasure to deal with and I would recommend him to sellers and purchasers alike.

Terry Digger

DEDICATED AND A PLEASURE TO DEAL

22B Irvine Street, Kiama J Stroud - Vendor

I greatly appreciate your dedication in assisting us with our sale. Your expertise in marketing the property and engaging a professional auctioneer really enhanced the sale price for our community All your staff were a pleasure to deal with and the outcome was well above what we expected.

23 Blackwood Street, Gerringong R Pilkington - Vendor Joe Dignam

UNDERSTANDING & PROFESSIONAL

Joe was understanding, professional, easy to deal with, knowledgeable, available and supportive Joe was a pleasure to deal with, local knowledge, easy to communicate with, and nothing was a problem He was patient and understanding, and got the job done Thank you Joe

WONDERFUL RESULT

25 Pacific Avenue, Werri Beach K Tulich - Vendor Ryan Stalgis

We asked Ryan to sell our house as he had a reputation for being a hard working confident agent with excellent results Our sale ended up being a long term endeavor and we were disheartened on several occasions but Ryan was always there with a positive analysis and faith that the right buyer was out there He was right ! Ryan managed to negotiate a wonderful sale price and we are delighted.

EXCELLENT COMMUNICATION

44 Shoalhaven Heads Road, Shoalhaven Heads M Brigham - Purchaser Claire Nunn

Clare has been great to work with during our search for a property and then through the buying process She knew what we were looking for and knew this house would be a match for us from the beginning Clare was easy to talk to and responded quickly whenever we needed her. She is friendly and down to earth and local from the area so has plenty of knowledge and experience.

GENUINE, PROFESSIONAL & SEAMLESS

41 Bridges Road, Gerringong R Addison - Purchaser Angie Ritchie

Seamless, professional & genuine! Angie knew we were looking for a home in Gerringong for some time and therefor kept us abreast of the magnet and upcoming homes for sale that might suit Once she helped us find the perfect one she guided us through the process of negotiating an offer the vendors were pleased with and terms that were mutually beneficial.

Our Sales Team Putting You First

David Hall

VERY PROFESSIONAL AND COURTEOUS

99 Riversdale Road, Jamberoo C Delhaas - Vendors

David impressed me with his knowledge of the local selling market. He saw how much the property meant to me after having resided there for many years and helped me to deal with the process. David’s communication was excellent and he was always available to answer all my many questions no matter how trivial

EXPERIENCED AGENT

3A David Smith Place, Kiama Heights F Worner - Vendor Andy Wharton

Andy is an experienced agent who knows the kiama area well, he is well connected and knows the business inside and out. We had a good experience selling our family home with Andy and he understands how to get the best out of a difficult situation, given the market and house nuances

AIMEE WENT ABOVE AND BEYOND

14 Emerald Drive, Meroo Meadow E Purser - Vendor Aimee Longbottom

Aimee did nothing but support us and be accommodating with our open homes You can’t help but just be drawn to her friendly and positive persona and her ability to sell a home with all facts and nitty gritty down to a tee! The process was no stress whatsoever and came out with above and beyond what we expected. We are so ecstatic with the outcome!

Nana Coburn

EXPERIENCED AND KNOWLEDGEABLE

41 Belinda Street, Gerringong J Cutherberson - Vendor

We loved working with Nana on the sale of our property. She always had our best interests at heart. She is an experienced, knowledgeable estate agent with excellent communication and negotiation skills. She was always so positive and supportive as well We would definitely recommend her to our family and friends

HIGHLY RECOMMEND SAM

9A Elanora Road, Kiama Heights M Adland - Vendor Sam Lathbury

Sam was professional throughout our selling process. All my phone enquirers and follow ups were answered in an informative and timely manner. His advice was first class . I would highly recommend his service to any prospective client.

PROFESSIONAL AGENT

2/30 Barney Street, Kiama K Illiadis - Vendor Abbey Murphy

Gabriela and I found Abbey Murphy of First National Coast and Country, Kiama a thoroughly professional agent. Her approach is always courteous and well thought out. Her interpersonal skills are highly developed and she was a pleasure to work with. Her focus was always centred of achieving practical results We could not have asked for a better person to work with

RATEMYAGENT AGENCY OF THE YEAR WINNERS

We are Incredibly proud to announce that our First National Coast & Country team are have won

RATEMYAGENTAGENCYOFTHEYEAR FORGERRINGONGANDGERROA2024!

This is our 7th Year in a row winning Agency of the year for Gerringong, congratulations to all our hard working sales agents! The Rate My Agent of The Year Awards is Australia's most significant real estate award. The only industry awards put the clients' needs first, with verified customer reviews as the agent and agency success indicator.

We want to thank our team for their dedication, integrity and professionalism. Without our incredible team, this wouldn't be possible. Most importantly, thank you to all our vendors and buyers for writing such kind words about your real estate experiences with our team.

Another huge congratulations to First National Coast & Country Sales Agent Angie Ritchie for winning Agent of the Year for Gerringong and Sales Agent Ryan Stalgis for winning Agent of the Year for Gerroa.

FIRST NATIONAL NSW GEM AWARDS 2024

First National Coast & Country was recognised for outstanding achievement at the national network’s General Excellence and Marketing Awards, held at Hyatt Regency, Sydney in March.

The awards recognise the achievements of First National’s NSW agents throughout 2023, with winners now competing for national General Excellence and Marketing Awards, which will be announced at the network’s annual convention in May.

We achieved awards across the board including:

• Elite Sales Office of the Year Award

• Deb Peters - Elite Business Development Manager Award

Key staff members were also recognised for their individual performances:

• Jason Stalgis

• Terry Digger

• Ryan Stalgis

• Andy Wharton

• Angie Ritchie

• Claire Nunn

Congratulation to our team, without you this wouldn't be possible!

Home A House

is made of walls and beams, but a Unknown is made of love and dreams

Property Management

Region ResultsRental Properties

Rental Market Update

Median Rent last 12 months

Last year, we saw interest rates continue to rise which then impacted landlords decision to move back into their own homes, due to soaring costs of maintaining a rental property. With people still lining up to move into the region and owners moving back in, affordability has become difficult for some local residents. In recent months, rental prices have seen fluctuations, driven by various factors. The rental market remains dynamic, offering opportunities and challenges for renters and landlords alike. Source:Corelogicandrealestatecomau

Achieving Top Rental Results

5 Reasons why Landlords

Insurance is a cost you will not regret!

DoIreallyneedlandlord’sinsurance,orcanIsavebynotshellingoutforit?It’saquestion that’sprobablycrossedeverypropertyinvestor’smindatsomepoint.Theanswer?A resoundingyes!It’samustforallpropertyinvestors,it’sonlyasmall,tax-deductible expensethatcouldendupsavingthousandsofdollarsinthelong-run.Needspecifics?

Herearesomepossiblecircumstanceslandlord’sinsurancewillcoveryoufor.

Ifyourtenants’circumstanceschange

Evenifyou’vedoneyourduediligenceandpickedthebesttenant,you’re stillnotguaranteedsmoothsailing.Yourtenant’scircumstancescan changeandthatcanaffectthemfinanciallyorhowtheylookafterthe place.

Intheeventofanaccident

2 3 4 5

Thenextthinglandlord’sinsurancewillcoveryouforareunexpected naturaldisastersoraccidentsinthehome.Breakingorleakingwater pipes,andareafiresandfloodscananddohappen.Andinsurancewill haveyourback.Itgivesyoupeaceofmind,knowingtheycancontinueto coveryourmortgagewhilegoingthroughthisstress.

Ifyourtenanthaspets

Petscanbeanotherbig(butadorable)issueforlandlords.Moreandmore tenantsarehavingpetsintheirpropertyandtheycancausedamageto floorsandgardens.Someinsurancecompaniesareactuallyincreasingthe benefitstheyarenowpayingoutfordamagedcausedbypetsin properties.

Ifyourpropertyisbeingsublet

Sublettingisanotherpotentialproblemforlandlords.Ifyourtenantshave organisedsomeonewhoisn’tontheleasetoliveintheproperty,they won’thavemetyouandmightnottreatthepropertyaswellassomeone whohas.Plus,withoutbeingonthelease,theycanavoidbecoming accountableforanydamages.That’swhereinsurancecanassistyouas well.

Anyout-of-pocketincidentals

Andfinally,landlord’sinsurancewillcoveryouforanyminorincidentals thatmaycomeup.Say,forinstance,yourtenanthadtomoveout unexpectedly.Theinsurancewillcoverforthelossofrent,aswellasfor anycleaning,repairing,leasingandadvertisingfeesyoumaybesubjected to.Moralofthestory?Getlandlord’sinsurance.

DISCLAIMER

Thefollowingadviceisofageneralnatureonlyandintendedasabroadguide Theadviceshouldnotberegardedaslegal,financialorrealestateadvice Youshould makeyourowninquiriesandobtainindependentprofessionaladvicetailoredtoyourspecificcircumstancesbeforemakinganylegal,financialorrealestate decisions

A word from our clients...

Anne-Marie has been exceptional to work with I would like to acknowledge the excellent work that Anne-Marie does, and to compliment Anne-Marie on the level of service and professionalism that she provides. Anne-Marie has been exceptional to work with and she has responded quickly to various maintenance matters at the property, which she does in a friendly, engaging and solutions minded focus. I am sure the current tenants are equally as satisfied too.

Exceeded Expectations

Lorraine has exceeded expectations in assisting me to find a suitable rental property which is pet friendly. Lorraine spent time and effort to professionally show me through multiple homes. Lorraine assisted me with the application process and worked internally to get me approved without double

Went Above and Beyond

First National Coast and Country have gone above and beyond to assist me in finding a suitable rental with tight time restraints. Deb helped with a smooth move in and easy transition ensuring the property was at a high standard prior to my move in. Deb was flexible with my requirements and understanding of my needs Looking forward to continuing my tenancy through First National Coast and Country Gerringong.

Always Responsive & helpful

We would like to thank Tricia Murdoch and her team for the way she has handled the tenants during our ownership in Gerroa. Always responsive, helpful, with our best interests at heart but also being fair to the tenants. Thankyou Tricia from us both. Best wishes.

Highly recommend!

Vandre thank you for your professionalism and expertise in renting our property. We are very time poor, and you went above and beyond to make the process very easy, from advice prior to listing to keeping up informed along the way. We expected it to be a stressful process, but thanks to you it was not at all. Thank you again for your help and advice. We highly recommend your services to anyone looking to rent.

ANNE-MARIE FISHBURN

TRICIA MURDOCH

Commercial Property

We are pleased to introduce Treena Allen, who has joined our Property Management Team as our Commercial Property Manager, bringing a decade of experience in real estate combined with her decades in finance and accounting she has a thorough knowledge of the multiplicity of each specific property type.

She understands the nuances of managing various commercial, industrial, and retail properties and and as a professional commercial asset manager you can rely on Treena to look after your property as if it were her very own.

Treena is an excellent team player and communicator and recognizes the importance of collaboration in achieving objectives for her clients. Attention to detail remains one of her highest values and she takes pride in ensuring that every aspect of property management is handled with precision to ensure that nothing falls through the cracks. She is committed to delivering excellent results and maintaining strong relationships with clients, prospective clients and stakeholders.

Treena is quoted as saying: It became quite obvious within days why First National Coast and Country have such a strong professional reputation. It’s an absolute privilege to become a valued member of team and I look forward to a long and happy working relationship with the entire group.

Contact Treena today on 02 4232 2888 to assist you in all your commercial real estate needs.

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Boutique and luxury holiday homes in the Kiama, Gerringong, Gerroa, Shoalhaven Heads and beyond.

Our portfolio includes an extensive range of beachside homes, hinterland retreats, pet and familyfriendly accommodation and more.

Wehaveauniqueportfolioof stunningholidayhomesinKiama anditssurrounds. 12

stay but a Coast & dayshome?

Holiday Property Management Team

HolidayProperty Officer NICOLE STEPHENS

HolidayProperty Officer ISABELLA BLANCH

HolidayProperty Officer MICHELLE BARTLETT

HolidayProperty Officer ROCHELLE KERR

Lookingforsomeonetomanageyour HolidayProperty?

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A word from our clients...

Melanie W – Guest – Anembo Hideaway

Host was extremely accomodating!

Lovely place to stay at, beautifully decorated and spacious! The loft, with its own kitchenette and bathroom, was a great getaway from the main house. The host was extremely accommodating and quick to respond. Wonderful experience!

Breeze on Barclay Reviews: Helen R - Good Communication

Very close to the water and shops. Good communication with the agent if we needed anything.

Alex C - Good Responsive Team

Fantastic space, caring and responsive team, perfect location.

Polly M - Good Agency was good to deal with Great location! The home was great for our group and the agency was good to deal with

V & L O’Callaghan –

Landlord – Summerhill View

Professionalism

Coast & Country Holidays have been working with us to manage our holiday rental property for the past few years. During that time they have managed guests enquiries, a series of incidents and repairs and other emergencies. We are very grateful at the diligence and tenacity with which the team have negotiated interactions with companies such as Airbnb. Having the support of someone of their professionalism is reassuring for property owners who live more than two hours drive away.

TMalone–Landlord–Seadance

ExtremelyHelpful,Professional&Friendly

Firstclassrealestateoperator.WeownaholidayrentalinGerroa,andrightfrom theoutset,Coast&CountryHolidayscameacrossasextremelyhelpful, professionalandfriendly.Itmadeourinitialchoiceofrealestatemanagementso mucheasier Eversince,theteamatCoast&Countryhavebeenterrificin handlingallthevariousthingsrequiredwhenlettingaholidayhouse Everything hasbeenthoughtthroughandtheendresultisaseamlessprocessforboth landlordandourreallyvaluedtenants–sothattheycomebackagain.Wewould thoroughlyrecommendCoast&CountryHolidays.

Local Communities

First National Coast & Country proudly sponsoring our Community

Seeing our community thrive is important to us as an organisation, that is why we continue to support as many local organisations as we can. In particular, those who help to promote the health and well being of our local people.

In the last quarter we have proudly supported the Central Netball Club Grading day held in Kiama at the Netball Courts in February.

Our Principal Terry Digger and members of our sales team volunteered at this years Kiama Show on Australia Day, assisting attendees of the event. Our team thrives on engaging with our local community members and visitors of our beautiful area, a great day was had by all!

Our sales Agent Claire Nunn sponsored the U10’s Kiama Oztag team who won their competition and are the Champions!

Supporting Our Community

OUR CURRENT SPONSORSHIPS

KIAMA SHOW SOCIETY

SHOALHAVEN HEADS GOLF CLUB

GERRINGONG JUNIOR LIONS

GERRINGONG MUSIC CLUB

KIAMA SHOW SOCIETY

SURF LIFE MUSIC FESTIVAL GERRINGONG LIONS

KIAMA CENTRAL NETBALL

GERRINGONG DISTRICT ALL SPORTS

UNDER 10’S KIAMA OZ TAG

Principal TerryDigger volunteering attheKiama Show

Shoalhaven Golf softhe ymedal

Under 10’s Kiama Oz Tag -Sponsored by Sales Agent Claire Nunn