HOME-GROWN ALBURY/WODONGA & SURROUNDS
AUTUMN//EDITION
IN THIS ISSUE
Welcome to our autumn 2022 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 autumn edition, we have some great tips on auctioning your home/buying at auction as well as some great local businesses on our community page. We also have our quarterly results and a great article on house prices and statistics as we go full steam ahead into 2022. We hope you enjoy reading our twelfth issue of Home-Grown as much as we have enjoyed putting it together for you! Here’s to a great autumn.
HOUSE PRICES: WHAT’S IN STORE FOR 2022 AND BEYOND HOW TO ACHIEVE AUCTION DAY SUCCESS QUARTERLY RESULTS NEW LISTINGS LOCAL BUSINESS SPOTLIGHT TOP INTERIOR DESIGN TRENDS FOR 2022 COMMUNITY PAGE TENANT OF THE MONTH DIRECTORS’ MESSAGE SOCIAL SNAPS
P I C T U R E D O N F R O N T - 4 / 5 7 M A R Y L A N D W AY, A L B U R Y (Image: CAPTURED SPACE)
HOUSE PRICES: WHAT’S IN STORE FOR 2 0 2 2 A N D B E YO N D
3 / 4 3 6 O L I V E S T R E E T, A L B U R Y
HOUSE PRICES: WHAT’S IN STORE FOR 2022 AND BEYOND “The typical Australian homeowner has become $131,236 richer on paper over the past year, and there are few signs so far in 2022 that the COVID pandemic real estate boom is about to end. CoreLogic’s latest home value data show prices jumped by 22.4 per cent over the past year, the biggest increase since June 1989.”
Home buyers holding out hope that property prices will plunge in 2022 might want to think again.
Although that’s down from last year’s unprecedented 24% rise, it still means purchasers would have generally been better off buying a property pre-pandemic.
Australia’s real estate market is tipped to rise by nearly 10% in the next 12 months, according to REA Group’s PropTrack Property Market Outlook However, it could provide a rare opportunity to break into some of the major capital city markets 2022 Report, released on Saturday. experiencing a downturn in demand. The report predicts property prices will climb by 6-9% across combined Australian capital cities in 2022.
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Melbourne, Sydney and Perth are facing the The WA capital grew 9% last year, the only capital slowest growth this year. to come in at less than 10 per cent during 2021’s bumper year. Hobart could lead the country’s price growth this year with an increase of as much as 12%. Sales records from Realestate.com.au found that there were 40.1% more sales nationally in 2021 Brisbane is also a bit of a trail blazer, with than there were in 2020, explaining the recordexpectations property values could lift by up to breaking year. 11%. However, it’s a surge that isn’t expected to be That was followed by Adelaide and Canberra replicated this year with hopes that Covidaround the 6 to 9% mark and Darwin at 5 to 8%. prompted lockdowns are now a thing of the past, according to the report. Sydney and Melbourne are tipped to rise between 4 and 7% while Perth is a notch lower at around ‘Seller confidence is making a comeback post3 to 6%. lockdown,’ the report stated. In fact, Perth hasn’t been the best performer for a New listings were 16.6% higher compared to while now. the previous year in October, 35.3% higher in November, and slipped slightly, although remained positive, in December to be 11.3% higher.
HOUSE PRICES: WHAT’S IN STORE FOR 2022 AND BEYOND
Regional areas continued to outperform the average capital city home, with prices up 1.8% last month and 6.3% over the past three months more than twice the quarterly price increase seen in the big cities. CoreLogic said the most popular regional markets over the past year had been those with lifestyle attractions that were also within at least occasional commuting distance of major cities, such as the Southern Highlands and Shoalhaven (up 37.6%) and Hunter Valley (up 34%) outside Sydney, and Sunshine Coast in South-East Queensland (up 34.4%).
3 4 9 E A S T S T R E E T, E A S T A L B U R Y
The pandemic preference for standalone houses over units has also continued, with house values up 1.3% last month, compared to a much more modest 0.3% rise for apartments. CoreLogic said this had seen the gap between median house and unit prices rise to a record level of 28.3%, which it said might result in demand gradually switching back towards medium and high-density living.
AFR, livewire, Realestate.com.au & CoreLogic
HOW TO ACHIEVE A U C T I O N D AY S U C C E S S
HOW TO ACHIEVE AUCTION DAY SUCCESS
5 71 P O O L E S T R E E T, A L B U R Y
If you are currently in the real estate market, either to buy or sell a property, chances are you may have to face the nail-biting prospect of having to bid at an auction, or watch your home go under the hammer. With life-changing factors on the line for both For Sellers buyers and sellers, and a sense of excitement and urgency created by the auctioneer on the day, 1. Plan your auction date carefully. Aim for a auctions can certainly cause an adrenalin rush for ‘clear calendar run’ in the four weeks leading up all parties involved – including the auctioneer! to the chosen date, trying to avoid school term breaks and public holidays. Depending on the property and the location, auctions can be the most effective method of 2. Declutter. Declutter. Declutter. Your Sales sale as they provide a true representation of the Agent will be able to advise you on what needs current market. to be done and can help organise professional contractors to assist. It is important that both buyers and sellers are prepared, organised and confident that they have done everything possible to ensure the best results.
6 4 2 J O N E S S T R E E T, A L B U R Y
3. Invest in preparing your property for sale. This For Buyers may include a garden overhaul, painting, general repairs, and high-pressure cleaning as well as 1. Go to as many auctions as you can to see how interior styling. Generally, every dollar spent on they work and what each auctioneer’s style is like, styling and preparing your property for sale will and how bidders interact with them. be returned three-fold on auction day. 2. Inspect the property as many times as possible 4. Invest in photography and videography. Property in the lead-up. If you are sure this is the property marketing is ‘visual’. Beautiful photos and videos for you, invest in a building and pest inspection – are key to selling ‘the dream’. Drone photography this will give you peace of mind. is particularly important for international and out-of-town buyers to be able to pinpoint a 3. On the day, introduce yourself to the auctioneer property’s location and land size. and stand close to him/her, maintaining eye 5. Right from the start, ensure that you are contact, so that your bids are acknowledged. comfortable with the advertised quoted price range. You only have one shot at auction, so it’s 4. Dress for success! Buying a house is a major, vital your expectations are in line with the market. potentially life-changing event and looking the part will give you extra confidence. Also have trusted friends or family members along for moral support. 5. Make sure you have your finance pre-approved – and you are ready to go. MW Lifestyle
QUARTERLY RESULTS
QUARTERLY RESULTS
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NEW LISTING 5 71 P O O L E S T R E E T, A L B U R Y Period Charm, Unbeatable Family Living JACK STEAN 0434 588 664
WEBSTER’S ESTATE
Webster’s Estate is a picturesque winery overlooking Lake Hume, owned and operated by mother daughter team, Jo and Allie, who are passionate about bringing a fun and vibrant wine experience to the border region. Now open for bookings and just a 20-minute drive from Albury/Wodonga. Pull up a chair, take in the views and raise a glass all while enjoying their delicious grazing platter and making memories. You can also order their wine and gift boxes online, perfect for celebrating life’s best moments, big and small. 419a Lake Road Bethanga, VIC, Australia 3691 hello@webstersestate.com.au
@webstersestate
TOP INTERIOR DESIGN TRENDS FOR 2022
88 BRETTON ROAD, SPLITTERS CREEK
According to the Oxford Dictionary, a With over a year of watching events unfold in the trend is, “a general direction in which northern hemisphere, perhaps it’s not surprising that many home trends for 2022 carry a European something is developing or changing.” influence - colours, lifestyle and entertaining are More than ever in the world of interiors, all reflecting a particularly Mediterranean aesthetic we are looking at interior design trends and, coupled with our climate and newfound for 2022 in this sense, rather than yearning for freedom, things look set to remain simply as, “a fashion.” Like it or not, outdoors. the past twelve to eighteen months have forced a change in behaviour that 1. CONNECTION TO NATURE was only slowly emerging - focusing on The emergence of the biophilic design movement encourages a closer connection to nature in the way nurturing, comfort and calm. we’re building shared spaces. We are seeing this in natural timber finishes and furnishings in favour of man-made, or synthetic finishes everywhere in The growing aversion to fast fashion translates to the home. Kitchen and bathroom spaces, including the home too, with a marked move away from quick vanities, walls and ceiling linings are adopting wins and cheap, mass-produced homewares to finishes in raw timber, stone and concrete. furnishing and decorating our homes for a lifetime, not just a lifestyle.
2. COLOURS OF THE EARTH Colour trends for 2022 also reflect our need to be close to nature, ranging from Eucalyptus and olive greens to ocre and clay browns. Even darker colours are set to make a comeback in timbers.
88 BRETTON ROAD, SPLITTERS CREEK
3. ARTISAN AND HANDMADE OBJECTS
6. FEATURE WALLS
The concept of buying once and buying well was never stronger. 100% linen bed sheets and napery washes beautifully, improving with age. Nostalgia is driving a renewed love for handcrafted objects everywhere, as is the move to more DIY around the home, possibly as a result of weekends spent in lockdown.
Yes, you heard us right. Feature walls continue to provide an outlet for any type of artistic expression in interior design. Whether a bold wallpaper, a handfinished artisan surface or an applied geometric profile, choose your wall and your weapon to make a statement in colour, texture or pattern.
4. LINES
7. STRUCTURAL STYLE
Reflecting our need for getting life back on the straight and narrow, design trends for 2022 are all about geometrics and symmetry. Slim lines are everywhere, with the use of reeded glass expanding into kitchen cabinetry, room dividers, windows and doors.
Hardworking surfaces usually reserved for outdoors are coming inside as the lines between spaces blur. Once covered by lining boards, plaster and layers of paint, structural mechanics that underpin the buildings we live in, made from materials such as bricks and concrete are finally being celebrated in their own right.
5. CURVES Soft, rounded shapes are appearing in homewares to break up boxy vignettes, but also continue to dominate architectural detailing, with a leaner, more direct profile cocooning our spaces in furniture, cabinetry and feature walls.
8. PREPPY PASTELS If you think you’ve seen the last of pastel hues adorning your interiors, think again. We hate to break it to you, but pastels are back and better than ever. You can expect to see this trend dominating in 2022, making its mark with kitchen appliances, furnishings and more. Homes To Love
THE REGIONAL CURATORS OF HOME STAGING & INTERIOR DESIGN p: 0427 855 738 e: hello@theinspiredspace.com.au 3/419 Kiewa Street, Albury NSW 2640 www.theinspiredspace.com.au theinspiredspacealbury More than 600+ Tall Bearded Iris cultivars. Easy to grow, frost and drought tolerant, elegant and colourful. ‘Spring View’ 3037 Murray Valley Highway Ebden, Victoria, 3691 springviewirises@hotmail.com
@ Spring View Irises
Country Hope provides financial and emotional support to the families of local children diagnosed with Cancer or another lifethreatening illness. We service the Albury, Wagga, Griffith, West Wyalong and Dubbo areas.
Freecall 1800 007 880 www.countryhope.com.au
TENANT OF THE MONTH
Savenio Albury Wodonga 14 Amp Lane Albury NSW 2640 brendonmahony@savenio.com.au Brendon Mahony, independent travel designer Savenio Albury Wodonga, could not be more pleased that the world is slowly, globally reopening. Brendon has been an active travel agent for more than forty years, and like hospitality the pandemic has been particularly cruel for the travel industry. Brendon has been a tenant in the T & G building in Amp Lane for the past six years and during COVID made the move from Shop 7, down to Shop 14, a bigger floorspace, shared now with his partner Noelle, where they also operate Eating Travel custom tours and ebike hire. Small group tours have been conducted by Brendon & Noelle over the past fifteen years and their recent move has coincided with the purchase of a luxury touring vehicle to focus on additional local day tours additional to the multi-day small groups they take away periodically. Electric bike hire was another pivot to
improve cash flow during the tough economic times created by the pandemic. Ebikes are an increasingly popular mode of travel in both metropolitan and regional Australia, with North East Victoria being particularly strong. Albury Wodonga continues to develop city trails and work towards integrating well with the wider regional trails too. Now that Global travel is waking up Brendon would strongly recommend travellers support their local communities and book with an agent. Many of his clients had already realised the benefits of this added layer of security, seeing the advantages twofold as he painstakingly unpicked their holiday plans during the pandemic ensuring that virtually all monies came back to the clients for flights, accommodation and holiday plans cancelled through no fault of their own. As the world readjusts to the new normal there are new and constantly evolving regulations for flying, entering various destinations and this is where your agent has their finger on the pulse to keep your holiday on track, smooth and enjoyable. Brendon has been deeply appreciative for the support he has received both from Stean Nichols as the managing agent for, but particularly from the landlord of the T & G complex throughout the pandemic. They have been considerate and supportive wherever possible, which makes all the difference in such a challenging time.
DIRECTORS’ MESSAGE
The median house price in Albury has surged again at the end 2021 and beginning of 2022, now holding at $785,000, whilst the median rent sits at $410 per week. Economists predict a slight change from a “boiling“ market to a “hot“ market towards the middle months of 2022, with a looming election and discussions of an interest rate rise. This may have some effect on those who are purely placing their home buying decisions on a financial basis, such as investors, however buyers who are seeking their dream home and have strong emotive attraction are unlikely to miss out on the right property over an anticipated 0.5-.1% interest rate rise. This change will also likely effect capital cities more than regional areas, as people still seek the lifestyle change and the ability to work from home that the Covid pandemic has given rise to.
Nicholas Clark 0439 215 293 nicholas@steannicholls.com.au
Lachlan Hutchins 0457 888 212 lachlan@steannicholls.com.au
An experienced agent coupled with the right strategy is imperative to achieving true value in a changing market. With the shortage in available land to build on, buyers are still turning their attention to established homes, creating great selling conditions. This is likely to continue to the end of 2022, into the beginning of 2023, with great opportunities available in the general market. With a high volume of property transactions still occurring, if you are looking to purchase and you require a financial loan for your purchase, it is also imperative that you seek pre-approval of finance before you make an offer or bid on a property, to provide you with adequate preparation to put your best foot forward.
Jack Stean 0434 588 664 jack@steannicholls.com.au
Geoff Stean 0413 888 788 geoff@steannicholls.com.au
SOCIAL SNAPS
Lachlan calling down the successful auction at 396 Smith Street. PHOTO - BORDERMAIL
CONGRATULATIONS! Jack and Mads tied the knot.
SOLD AT AUCTION - 717 Young Street.
Welcome to the world baby Billie. Congratulations Kristian and Chloe.
Jess and Nicholas take part in the City 2 City fun run.
It’s always a fun time in the office with our receptionist Jenna.
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