HOME-GROWN ALBURY/WODONGA & SURROUNDS
SUMMER//EDITION
IN THIS ISSUE HOUSE PRICES EXPECTED TO SOAR Welcome to our summer 2021 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 summer issue, we have some great tips on how to enhance your outdoor entertaining
POOLSIDE ENTERTAINMENT SPACES
space as well as some great local businesses on our new community page. We also have our quarterly results and a great article on house price predictions. We hope you enjoy reading our eleventh issue of Home-Grown as much as we have enjoyed putting it together for you! Here’s to a great summer.
CREATING THE PERFECT OUTDOOR ENTERTAINING SPACE
QUARTERLY RESULTS NEW LISTINGS LOCAL BUSINESS SPOTLIGHT
COMMUNITY PAGE TENANT OF THE MONTH DIRECTORS’ MESSAGE SOCIAL SNAPS
PICTURED ON FRONT - 200 DOCTORS POINT ROAD, ALBURY (Image: CAPTURED SPACE)
HOUSE PRICES EXPECTED TO SOAR
HOUSE PRICES EXPECTED TO SOAR
Realestate.com.au recently released a report showcasing over 250 Australian suburbs that have had a property price increase of over $200,000 in the last year. That momentum is not looking to slow down. What is the outlook for the Australian property markets for the rest of 2021 and beyond?
Over the past year, Sydney house prices have risen over 24%, Melbourne 15% and Brisbane 20%.
This is a common question people are asking now But the momentum in growth is showing signs of that our real estate markets are opening up from easing, since peaking in March. the Covid Cocoons of lock down. Now I know some potential buyers are asking Despite a sequence of fifteen State or Territory “How long can this last? Will the property market lock downs so far this year, property prices have crash in 2022?” been largely unscathed. There are always negative real estate reporters And even though the rate of house price growth is that continue to predict and comment that that slowing, and our regulator APRA is keen to see the the property market will crash, but they’ve made housing markets slow down, property values keep the same predictions year after year and have been rising in almost every market around the country wrong in the past and will hopefully be wrong and our capital cities are in line for strong double- again this time. digit property price growth this year.
56 HAWKSVIEW ROAD, WIRLINGA
Recently both Westpac and ANZ have updated What’s ahead for our property markets? their property price forecasts in response to the market’s resilience in the face of extended lock Property demand from home buyers is going to downs. continue to be strong. They agree with Australia’s other major banks in predicting house prices will jump 20% by the end of the year as a stronger than expected property market exits extended lock downs across Victoria and NSW.
Currently, home prices are surging around Australia, auction clearance rates remain high, and the media keeps reminding us we’re in a property boom. As a result, emotions are running high for many, with FOMO (fear of missing out) a common theme around Australia’s property market.
These higher forecasts are reflective of the market’s adjustment to lock downs this time around, as buyers have overcome concerns around remote auctions and ex-pats have increasingly joined One of the leading indicators is finance housing investors adding to property demand. approvals, and these are suggesting that more Australians are looking at getting into property and The new figure is higher than earlier forecasted we will have strong ongoing demand from ownergains of between 15% and 20%, with the bank occupiers and investors over the next 6 months. also projecting price growth would slow to 7-8% growth in 2022. Now, with borrowing costs lower than they ever
have been, and the reassurance that interest rates This is a major turnaround from the pessimistic won’t rise for a number of years, it is likely that forecasts that many banks made in the middle of buyer demand will remain strong throughout the last year. year.
HOUSE PRICES EXPECTED TO SOAR
As property values increase and the media reports more positively about our property markets, FOMO will mean more buyers will be keen to get in the market before it prices them out.
696 FORREST HILL AVENUE, ALBURY
It is unlikely these segments of the market will pick up for some time and the value of these apartments is likely to continue to fall as there just won’t be buyers for secondary properties.
At the same time, some rental market will remain challenging. In particular, the inner-city apartment Property Prices will continue to rise markets are reliant on students, tourists (AirBNB) While many factors affect property values, the and overseas arrivals. main drivers of property price growth are consumer confidence, low-interest rates, economic growth But overall, Australia’s low mortgage rates continue to underpin very strong growth in property prices and a favourable supply and demand ratio. throughout the country. However certain segments of the market will still continue to suffer, in particular in the city apartment towers and accommodation around universities.
propertyupdate.com.au Credit Connect - Investor Updates
POOLSIDE ENTERTAINMENT SPACES
POOLSIDE ENTERTAINMENT SPACES
200 DOCTORS POINT ROAD, EAST ALBURY
Whether it’s a classic open cabana, a self-contained pool house or an integrated alfresco pavilion, a poolside structure can add a touch of resort-style luxury to your outdoor entertaining space… Cabanas and pool houses not only look amazing, they are functional and practical spaces that can provide storage for towels, pool toys and equipment. Some have a wet bar with sink/tap and fridge, the perfect place to prepare poolside cocktails, and others have their own bathroom/ changeroom. A recent trend is to have an outdoor shower on the outside. Stylistic touches include comfortable day beds with beautiful cushions, rattan baskets to place used towels and lush tropical pot plants.
Many contemporary-designed residences have fully integrated covered alfresco pavilions with outdoor kitchens and dining/lounge zones that serve both the pool and the interior living spaces – so they don’t need a separate pool house. Either way, a functional poolside entertainment space is always highly desirable in today’s property market, particularly as we head in to the summer months. Stean Nicholls currently has quite a ‘pool’ of properties for sale with fabulous entertainment spaces – just in time to host the perfect pool party. Here are some of our favourites:
56 HAWKSVIEW ROAD, WIRLINGA
56 HAWKSVIEW ROAD, WIRLINGA
200 DOCTORS POINT ROAD, EAST ALBURY
11 3 B A N Y U L A L A N E , E T T A M O G A H
734 RIVERVIEW TERRACE, ALBURY
QUARTERLY RESULTS
QUARTERLY RESULTS
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6 4 4 K I E WA S T R E E T, A L B U R Y LACHLAN HUTCHINS 0457 888 212
NEW LISTINGS Pe r i o d Pe r f e c t i o n I n C e n t r a l A l b u r y
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678 BANFF AVENUE, ALBURY JACK STEAN 0434 588 664
LOCAL BUSINESS SPOTLIGHT
Monumental Cakes with Confection offers a range of beautifully crafted ice cream & sorbet cakes, confectionery and handmade chocolates to the Albury-Wodonga border community and surrounding regions. Owned and operated by Adrienne and Adam who are passionate about creating gourmet cakes and sweet treats that are unique, fun and delicious. The business also supplies their treats to cafes and restaurants in the region. Check out their mini ice cream cakes at Canvas Eatery! Monumental Cakes can cater for allergies and intolerances to dairy, lactose, gluten, eggs and nuts and can provide ingredients lists for daycares (stipulate when ordering). www.monumentalcakes.com.au Phone: 0410299567 monumentalcakesalbury
@monumentalcakes
CREATING THE PERFECT OUTDOOR ENTERTAINING SPACE
With summer entertaining high on many people’s minds, it’s time to be inspired to create the perfect outdoor space. And if you’re in the market to buy or sell a house, an alfresco area is always a value-add, no matter what the season…
Place it
Design it
Where you locate your outdoor living room depends on how you’re going to use it and the size of your garden. If space is tight or it’s for a dining zone, position it near the house, within reach of the kitchen or barbecue. In a larger backyard, distance from the house can give a lounging spot destination status and a sense of seclusion. An area with natural shelter, from a mature tree or near a tall fence or wall, is ideal.
The space needs to be large enough to allow people to walk easily around your furniture, but do judge the visual impact your new zone will have from your house. Too large and it will take over your garden; too small and it will look redundant. Try mapping out the preferred size with a rope or hose – which gives you the flexibility to add curves – and fill in the middle with cardboard. Then have a good look at it from all angles, near and far, and adjust until it feels right.
Pave it
Shade it
Timber might be your first choice, but pavers or tiles laid over concrete can deliver a gorgeous base. Pick flooring with a high anti-slip rating and remember that textured finishes will help to disguise dirt. Your exterior scheme is a good style starting point. Grey tones work well with coastal weatherboards, sandstone blends beautifully with greenery and brick has a traditional feel. Steer clear of very light stone in a sunbaked spot to avoid glare, and be aware that dark tones can get super-hot in a sunny area and look depressingly dingy in shade. Try out samples under different weather conditions before you make your final choice.
Deciduous trees deliver shade in summer and sunshine in winter; ask your local Bunnings garden centre for advice on the right species for the size and aspect of your backyard. The drawback to this natural shade fix is leaf drop and issues with possum and bird poo, so as an alternative, consider ideas like a fixed pergola, a shade sail, or a cantilevered outdoor umbrella, which you can swing around to follow the sun or dispense with altogether on shady days.
Light it
Light the zone with outdoor-grade lamps that will give it a sense of occasion, such as strings of festoon or Furnish it fairy lights, a dramatic pendant or an arrangement of Choose outdoor-grade furniture in materials like pretty spots. Illuminate the path for safety as well as hardwood, steel or cast iron that is heavy enough ambience, and have task lighting for zones like food not to be blown about when it’s windy. A permanent prep and barbecue areas. Out in the garden, wellstructure such as a built-in daybed is a good choice, as placed spots can highlight statement trees and provide is built-in seating constructed around a stone table or a background illumination. fire pit; as an added bonus, a firepit makes a wonderful focal point for gatherings in the colder months. bhg.com.au
Presented by
LIVID PRODUCTIONS
ALBURY ENTERTAINMENT CENTRE
February 11 - 19, 2022
Not only is our business “Home-Grown” but we value all things local, sustainability and sunshine! We offer local residential, commercial & industrial premises all electrical, solar power, data & fibre optics solutions. For more information call 02 6021 6033 or email kdec@kdec.com.au www.kdec.com.au
How did four blue-collar kids become one of the greatest successes in pop music history? Have we got a story for you!
TICKETS ON SALE NOW! Book at the Box Office (525 Swift St, Albury) on 6043 5610, or online at:
www.alburyentertainmentcentre.com.au
At BDA we have over 20 years experience teaching learners in NSW and the ACT. From beginner pre-licence learners working through the log book, to advanced specialist training for government agencies and corporate training to reduce employee risk and vehicle fleet operating costs. We have the most technically experienced, qualified and knowledgeable instructors to teach you. Call or text Markus on 0418 632 855 or email borderdrivingacademy@gmail.com to book your first lesson.
The Astor Hotel Motel is family owned and operated & has become a landmark destination in the region following a multi-million dollar renovation completed early 2021. As well as lunch, dinner, cocktails and draught beers - the Astor is now open from 6am daily serving coffee. Swing by & see us at our brand new coffee cart at 641 Young Street or visit astorhotelalbury.com.au
TENANT OF THE MONTH
Alignment Lab Address: 611 Dean Street, Albury www.alignmentlab.com.au
Aaron and Laura Koch are the owners of a new concept in massage in the Albury CBD, called Alignment Lab. Alignment Lab is a modern solution for remedial massage that aims to provide effective massage at convenient times. Alignment Lab is excited to begin at their new premises which is specially fit to welcome the professionals of Albury.
Using Dolphin® chair technology from America, therapists can effectively treat common concerns that come from everyday office work, in as little as a half hour block within your lunch time. With Alignment Lab’s specially designed booking system and massage space, it’s their aim to get you in for your massage, with time to pick up some lunch and be back to your desk, refreshed.
After leading busy professional lives, Laura and Aaron discovered how difficult it was to provide themselves with self-care, at a convenient time. Alignment Lab aims to build their schedule and treatment plan around your needs. All of their Diploma and Certificate qualified staff will work with you to create the right environment and availability, specific to your needs.
For longer remedial massages and unpredictable emergencies, Alignment Lab has flexible timeslots outside of 9-5. To learn more or book an appointment please visit alignmentlab.com.au. Check out more photos at Alignment Lab’s Facebook and Insta.
DIRECTORS’ MESSAGE
s y a d i l o H y Happ What a year 2021 has been! Despite Albury and the region facing lockdowns and other challenges within the community, the median house price in Albury continues to rise, showing just how resilient our region is. The median house price is now sitting at $670,000, an increase of $25,000 compared to three months ago, whilst the median rent hovers at $418 per week. The well-kept secret of Albury Wodonga is out, as more and more people from Sydney and Melbourne exchange city lifestyles in favor of a more relaxed pace. AlburyWodonga provides just that, with all required services including our own airport and train station, buzzing food and wine experiences and one of the largest regional medical facilities in Australia. Local buyers are also fueling the real estate sector, with some exchanging their first home for a larger family residence, whilst mature age buyers continue to downscale to a lower maintenance home closer to the CBD. Some of our recent results include; 849 Frauenfelder Street, selling under the hammer at $1,360,000, 674 David Street - a block of land spanning 2,708m2 with dual zoning, selling under the hammer at $2,100,000, 52 Finlay Road selling in excess of $1,500,000, 92 Huon Creek Road selling for $1,150,000 and 754 Kiewa Street selling for $1,100,000. These results are an example of the market exuding strong competition. With changing house prices, and strong market rivalry, an experienced
agent coupled with a well-designed strategy is imperative to extracting the best results for your property sale. After a fairly mild and wet spring, gardens and lawns are looking the best they have in many years. This combined with great selling conditions, a strong market and low interest rates, the summer of 2021/2022 may be the best time to produce a great outcome for the sale of your home. After what has been a tough year for many, Stean Nicholls would like to wish everyone and their families a safe and happy holidays and a memorable festive season.
Nicholas Clark 0439 215 293 nicholas@steannicholls.com.au
Lachlan Hutchins 0457 888 212 lachlan@steannicholls.com.au
Jack Stean 0434 588 664 jack@steannicholls.com.au
Geoff Stean 0413 888 788 geoff@steannicholls.com.au
SOCIAL SNAPS
Nicholas Clark calling down the successful auction at 27 Panorama Place. PHOTO - BORDERMAIL
The team had a fun time at our annual Christmas photoshoot.
SOLD AT AUCTION - 20 Palm Drive, East Albury.
849 Frauenfelder Street SOLD AT AUCTION for a fantastic result! PHOTO - BORDERMAIL
Geoff got into the festive spirit at our annual Stean Nicholls Christmas photoshoot with Captured Space.
SOLD AT AUCTION - 17 Beaus Court, East Albury.
Home-Grown is a Stean Nicholls publication. All opinions are our own. Compilation of statistical data relies on information from a number of external sources.
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Suite 1, Unit 19, 669 Dean Street, Albury 02 6021 5233 www.steannicholls.com.au
/steannicholls @steannicholls