HOME-GROWN Winter Edition 2025 by steannicholls

IN THIS ISSUE

CHANGES TO THE NSW RESIDENTIAL TENANCIES ACT

Welcome to our WINTER 2025 issue of HOME-GROWN. An Albury-Wodonga based Real Estate Magazine, keeping you up-todate with the latest listings and information as well as current local market statistics. In this winter edition, we have some information about the changes to the NSW residential tenancies act, selling your home in winter as well as some news about the recent rate cuts. We also have our most recent results and social snaps. We hope you enjoy reading our twenty fifth issue of Home-Grown as much as we have enjoyed putting it together for you. Here’s to a fantastic winter!

PROPERTY MARKET RESPONDS TO LOWER RATES

CHANGES TO THE NSW RESIDENTIAL TENANCIES ACT

Earlier this year, the NSW Government announced several key changes to the Residential Tenancies Act which commence on 19 May 2025.

The Government’s aim is to create a fairer, more balanced rental market, particularly in response to rising housing pressures and the increasing number of long-term renters in the state. These reforms aim to enhance tenant protections, improve transparency, and ensure landlords can still effectively manage their properties.

Some of the key changes are:

Ending no-grounds evictions:

Owners will be required to provide a valid reason to end all lease types. There will be longer notice periods that will apply. Some valid reasons include:

* where the renter is in default;

* the property is being sold or offered for sale with vacant possession;

* significant repairs or renovations are required;

* the property will no longer be used as a rental home;

* the landlord of their family intend to move into the property;

In all instances supporting documentation will be required, and significant penalties may apply for non-compliance.

37 NOTTINGHAM ROAD, THURGOONA

Notice periods for ending a lease

The amount of notice a renter must be given before their lease ends will increase.

Periodic lease: at least 90 days notice

Fixed term lease 6 months or less: at least 60 days notice, and termination date cannot be before the end of the fixed term

Fixed term lease of more than 6 months: at least 90 days notice, and termination date cannot be before the end of the fixed term

Re-letting restriction:

Where a landlord or agent ends a lease for certain reasons, there will be a period where a new tenancy agreement cannot start, this is known as a re-letting restriction. The reason for ending the tenancy will determine the length of the restriction and can vary from 4 weeks (significant renovations or repairs), six months (proposed sale of premises, or landlord or family member to reside) to twelve months (premises no longer to be used as a rented residential premises).

New rules for pets in rental homes:

Tenants can apply to keep a pet, with landlords only able to refuse for specific reasons such as:

* There would be too many animals at the property;

* Property is unsuitable for the animal because of fencing, lack of open space or because it would harm the animals welfare;

* The animal is likely to cause more damage than the bond could repair;

* The landlord lives at the property;

* Keeping the animal would break other laws or local council rules;

* The renter did not agree to a reasonable condition for keeping the animal.

A standard application form will be used and approvals will be automatic without conditions if no response is given by landlords or agents within 21 days.

37 NOTTINGHAM ROAD, THURGOONA

CHANGES TO THE NSW RESIDENTIAL TENANCIES ACT - CONTD.

Fee-free ways to pay rent:

Tenants must be provided access to free, electronic payment options like direct bank transfer. An option must also be provided to pay rent via the Commonwealth Government’s Centrepay.

Whilst these changes were brought in by the NSW Government to balance the rental environment, they bring new obligations and risks for landlords. Compliance will be a major factor and failure to adhere could lead to significant penalties.

Now more than ever, having a qualified and professional Property Manager is essential to ensure your investment is well-managed, compliant, and protected. Our team is fully across all recent and upcoming changes and ready to support you every step of the way.

To learn more about these changes you can reach out to one of our experienced Property Managers, we are here to support you. Alternatively all information can be found at nsw.gov.au - searchchanges to rental laws.

37 NOTTINGHAM ROAD, THURGOONA

PROPERTY MARKET RESPONDS TO LOWER RATES

The Reserve Bank of Australia (RBA) has announced a 0.25% reduction in the official cash rate, a move that has been warmly welcomed across the property sector. Historically, any easing in interest rates tends to fuel confidence in the market, and this latest adjustment continues that trend. For many, it represents a reaffirmation of stability in what has been an evolving economic climate.

Following the last interest rate drop in February, the property market nationwide entered a period of stability. Buyer and seller activity has remained consistent, and importantly, we’ve seen measured, rational behaviour replacing the speculative surges that often accompany dramatic financial shifts. The current environment encourages clarity and confidence, laying the groundwork for balanced transactions and long-term growth.

The most recent cut further reinforces this momentum. Although it makes borrowing more affordable, industry observers don’t expect a sudden rush of aggressive buying. Instead, buyers are likely to approach the market with steady optimism—carefully evaluating opportunities rather than jumping in on pure sentiment. In this way, the decision supports sustainable growth over shortlived spikes.

This rate change will particularly benefit firsthome buyers and those looking to upsize or invest. With reduced lending costs, affordability improves slightly, opening the door for a broader demographic of buyers to either enter the market or expand their portfolios. Sellers also stand to gain from this shift, as buyer confidence and steady demand are likely to continue supporting strong sales outcomes across major Victorian markets such as Melbourne and the Mornington Peninsula.

358 TRIBUNE STREET, ALBURY

Impacts on the Albury-Wodonga Region

While attention often focuses on metropolitan areas, regional centres like Albury-Wodonga are poised to feel meaningful effects from this rate cut. As a cross-border regional hub with strong transport links, growing employment opportunities, and a high quality of life, Albury-Wodonga is increasingly attractive to both local and interstate buyers. Lower interest rates make the region even more accessible, particularly for those relocating from higher-priced urban areas.

With property prices still relatively affordable compared to major cities, the interest rate drop enhances Albury-Wodonga’s appeal. We can expect to see increased interest from younger buyers, families seeking lifestyle-driven relocations, and investors attracted by better yield potential and lower entry costs. The region’s growing population and expanding infrastructure—especially in health and education—also reinforce its position as a stable and promising property market.

The anticipated uptick in market activity is unlikely to result in overheating. As with the broader market, buyers in Albury-Wodonga are expected to remain cautious yet optimistic, prioritising value and longterm growth. This balanced approach supports ongoing accessibility and sustainable development.

For Albury-Wodonga, the recent rate adjustment is a clear positive. It highlights the region’s ongoing evolution and positions it as a key beneficiary of national economic trends. As lending conditions ease and confidence grows, both residents and newcomers are well-placed to progress their property goals with clarity and assurance.

Thinking About Your Next Move?

The current conditions represent an excellent time to assess your property strategy. Our experienced team is here to provide personalised advice tailored to your goals—helping you make the most of a balanced and opportunity-rich market environment.

438 BELLEVUE STREET, NORTH ALBURY

RECENT RESULTS

FIX IT BEFORE YOU LIST IT!

Prepare to sell was founded in 2023 with one vision in mind ‘that everyone should have the opportunity to present their home in its best possible condition when selling’.

We specialise in quick and impactful upgrades to your property that add value well beyond the investment.

We manage the entire process, advise you on where to invest to see the best return, ensure project timelines are met and the best part? You don’t need to pay a cent upfront.

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@prepare2sell

TURN THE COLD SEASON INTO A HOT OPPORTUNITY: SELLING YOUR HOME IN WINTER

Selling a home in winter might not be the most conventional choice, but in the Albury-Wodonga region, it can actually work to your advantage. While many homeowners wait for the spring and summer rush, winter presents a unique opportunity to stand out in a less crowded market. Here’s what you need to know to make the most of a winter sale in this vibrant border community.

WHY SELL IN WINTER?

1. Less Competition:

Fewer homes on the market means less competition. This gives your property a better chance to shine and attract serious buyers who are actively looking regardless of the season.

2. Motivated Buyers:

Winter buyers are often more committed. Whether they’re relocating for work, changing family circumstances, or simply eager to settle before the next school term, these buyers tend to act quickly and decisively.

3. Seasonal Charm:

Albury-Wodonga’s cooler months can highlight the cozy, homely aspects of your property. A warm living room with a crackling fire or underfloor heating can be particularly appealing when it’s chilly outside.

Key Tips for Selling in Winter

1. Maximise Light and Warmth Winter days are shorter and often overcast. Open all curtains and blinds to let in as much natural light as possible. Consider adding warm-toned lighting and keeping the home comfortably heated during inspections to create an inviting atmosphere.

2. Maintain Street Appeal

Even in winter, first impressions matter. Keep paths clear of leaves, ensure the garden is tidy, and consider adding winter-friendly plants like pansies or camellias for colour. A well-lit entrance also helps your home feel welcoming.

3. Highlight Energy Efficiency

Buyers in colder months are particularly attuned to a home’s heating capabilities. Make sure your marketing materials highlight insulation, energyefficient windows, solar panels, and heating systems.

TURN

THE COLD

SEASON INTO A HOT OPPORTUNITY: SELLING YOUR HOME IN WINTER

4. Embrace the Season in Staging

Use subtle winter styling to your advantage. Think plush throws, textured rugs, and warm colour palettes. Avoid overly seasonal décor like Christmas themes unless it’s December and tastefully done.

5. Flexible Inspection Times

With fewer daylight hours, be flexible with inspection times. Midday or early afternoon is best for showcasing your home in natural light. For twilight inspections, ensure your lighting creates a warm, welcoming ambiance.

Understand the Local Market

Albury-Wodonga, straddling the Murray River between New South Wales and Victoria, offers a diverse property market. From family homes in Wodonga’s growing suburbs to charming heritage properties in Albury, local trends can vary significantly. Speak to one of our sales agents who understand the nuances of winter activity in your specific area. We can help you price your home accurately and market it effectively.

Work with a Local Expert Stean Nicholls has a strong winter track record which is a valuable asset. We know how to highlight your property’s strengths, connect with motivated buyers, and navigate any weatherrelated challenges that might arise.

Selling your home in the winter months in Albury-Wodonga isn’t just possible—it might be the strategic edge you need. With thoughtful preparation and the right support, you can attract serious buyers and achieve a successful winter sale.

358 TRIBUNE STREET, ALBURY

TENANT OF THE MONTH

Simply Sonar - Next Generation Boating 0427 849 831

kmrcustomlures@icloud.com

Unit 2 / 29 Ruby Court, East Albury simplysonar.com.au

Meet Mark and the team at Simply Sonar – your local Lake Hume specialists in marine electronics and freshwater boating solutions. Proudly servicing Albury-Wodonga and surrounding areas, Simply Sonar offers expert outboard servicing, diagnostics and repairs, custom installations and modifications, as well as sounder setup and training for both traditional and live sonar systems.

They also provide freshwater marine consulting and advice to help you get the most out of every trip on the water.

Simply Sonar partners with trusted brands including FPV Power, Transducer Poles Australia, and On The Fly Jack Plates. They are an authorised service centre for Minn Kota, and official stockists and installers for Humminbird Pro and Minn Kota Pro products.

Whether you’re a weekend angler or a seasoned pro, take your boating and fishing experience to the next level with Simply Sonar.

• Visit 2/29 Ruby Court, East Albury

• Follow Simply Sonar on Facebook and Instagram for updates, tips, and more!

DIRECTORS’ MESSAGE

The Albury-Wodonga property market continues to demonstrate remarkable resilience and dynamism as we move into the second half of 2025. This year has seen a renewed surge in both buyer and investor activity, driven by strong underlying fundamentals, a tightening supply of properties, and a wave of interstate interest. Many investors from outside the region are being drawn here by the attractive rental yields, which remain significantly higher than those currently available in the capital cities.

Recent statistics highlight the strength of the market. The median house price in Albury has now reached $870,000, while the median weekly rent has climbed to $550. In Wodonga, the median house price stands at $559,500, with median weekly rents at $500. These figures represent substantial growth compared to the previous year and reflect the ongoing upward pressure on both prices and rents, a direct result of heightened demand and a limited supply of available properties.

Several factors are contributing to this buoyant market. The region is experiencing a notable influx of first home buyers and investors, with interstate investors particularly active in pursuit of better returns than those on offer in Sydney and

Melbourne. Recent cuts to interest rates have further bolstered buyer confidence, providing greater certainty and improving affordability for both owner-occupiers and investors. While there are significant development pipelines in both Albury and Wodonga, with over $900 million and $570 million in projects respectively for 2025, much of this new stock remains in the planning or early construction stages. As a result, the immediate supply of homes remains tight, and this ongoing undersupply is expected to continue pushing both prices and rents higher throughout the remainder of the year.

The rental market remains especially competitive, with vacancy rates in Albury at just 0.9 percent and similarly low figures in Wodonga. This has led to strong rental growth and rapid occupancy times.

Looking forward, the outlook for the Albury-Wodonga property market is highly positive. The combination of strong demand, limited immediate supply, and the likelihood of further interest rate cuts sets the stage for continued growth in both prices and rents.