MAY 2022 NEWSLETTER
The month of May has come and gone, and the world of real estate is changing by the day. From a sales perspective, after such a positive and hectic period over the past 18 months, we are starting to see the signs of a cooling market – especially in major metropolitan areas such as Melbourne, Sydney and Brisbane. Here in Bendigo, certain segments of the market have gradually slowed as the urgency leaves the market, and time on market is creeping up slightly as a result. However, other segments have certainly kept performing strongly and there are still some amazing results to be had. Stock levels are still relatively low, enquiry levels have dropped, and there is a real sense of a “holding pattern” developing out in the marketplace. We have battled both an interest rate rise (first in over 10 years) and a Federal Election in the one month, meaning buyer confidence may be affected.
The annual AREC Conference was held at the end of the month on the Gold Coast, where 4500 real estate professionals from across Australia converged for 3 days to discuss the impending year, whilst also learning new ideas and trends to implement in their own areas. Brad, Tim, Catherine and Shane attended in person, whilst Samantha and Darren had to settle for an online view thanks to a late withdrawal due to Covid. With a diverse array of interesting speakers ranging from local agents to best selling authors, motivational speakers, and Hollywood star Matthew McConaughey, the guys certainly brought back a lot of great tips and content to relate back to the Bendigo community.
Our Property Management department have had an up and down month, but have been working as hard as ever with their daily tasks. Stock levels are low, but average rent is creeping up again. May’s average rent was $455 per week – up on last month. Kayla and Darcie are establishing themselves in their roles, and Lauren is doing a fantastic job on Reception and Accounts Management. Casey Johanesen has left us after 4 ½ years of great service to have a baby – we wish her and her new family all the best and we can’t wait to meet your new addition!
We are all looking forward to a steady second half of the year. Stay tuned for more exciting news and new staff additions in the coming months as we look to expand the team
POTENTIAL INVESTMENTS/DEVELOPMENTS
5 JOSEPH STREET, BENDIGO
BED: 3 | BATH: 1
Located in a super quiet cul-de-sac in the heart of Bendigo, only metres from the CBD, cafes, Rosalind Park, and Bendigo Hospital. 426m2 allotment with fully renovated interior, ideal for a professional couple or centrally located Airbnb, loads of potential. Zoned Commercial meaning there is also a commercial opportunity for a medical practice or other approved entity to operate here. Off street parking, private and secure yard, what a fantastic opportunity to live or work in the CBD at an affordable price
PRICE: $620,000 – $650,000
AGENT: Tim Rooke – 0408 108 810
33 HAMMER STREET, FLORA HILL
BED: 3 | BATH: 1 | CAR: 3
Located less than 2.5Kms to the CBD of Bendigo, with Bendigo South East College & La Trobe Uni at the top of the street. Period features such as decorative cornice, polished floor boards, picture rails, plus updated kitchen and bathroom. Three good sized bedrooms, kitchen/dining, separate living with fire place, formal lounge, ducted heating, split system. Outside there is a undercover alfresco area, double carport, single garage, garden shed, grassed yard, stone retaining walls.
PRICE: $575,000 – $595,000
AGENT: Darren Waters – 0402 135 579
55 WEEROONA AVENUE, WHITE HILLS
BED: 3 | BATH: 2 | CAR: 2
Beautifully renovated and stylishly presented home set on a sizeable 1094m2 (approx.) in a highly desirable & convenient location. Existing Planning Permit in place for a 3 lot subdivision plus Council approved plans for a dual townhouse development at the rear. Home is in fantastic order throughout, recently renovated and includes updated kitchen, modern bathrooms, new carpets, re-painted. Live in or rent out whilst you plan the development, blue chip location a short walk to Lake Weeroona, Bendigo Hospital and the CBD.
PRICE: $850,000 – $900,000
AGENT: Tim Rooke – 0408 108 810
86A HOLDSWORTH ROAD, NORTH BENDIGO
BED: 4 | BATH: 1 | CAR: 4
Not a thing needs to be done with this fabulous investment property; it’s occupied with great tenants locked in until December 2022 meaning you can enjoy an immediate ROI without the hassle of advertising first. The house itself presents as a tidy and modern 4-bedroom brick-veneer home with a great amount of space outside, undercover parking for 3 cars and an additional shed with roller door and mezzanine storage. Located walking distance to the showgrounds, a short journey to the Bendigo Hospital and backing onto a reserve with walking trails, this property makes the perfect addition to your portfolio with promising prospects for capital growth over time.
PRICE: $495,000 – $520,000
AGENT: Shane Henderson – 0484 350 484
31 DERWENT DRIVE, LONG GULLY
BED: 3 | BATH: 1 | CAR: 2
Situated close to public transport and amenities, this solid as a rock home or investment is ready to move in and enjoy immediately. Freshly painted throughout, lovely hardwood floors, split system heating and cooling, all is in readiness to move your furniture in. Fully renovated throughout, new kitchen, modern bathroom, set on an established 577m2, private behind a tall front fence
Secure off street parking, side access to rear yard, 10x6m shed with concrete floor, affordable neat & tidy property for a first home buyer or investor
PRICE: $395,000 – $430,000
AGENT: Tim Rooke – 0408 108 810
7 BURNIE COURT, KANGAROO FLAT
BED: 3 | BATH: 1 | CAR: 2
Nestled away in a quiet Court of Kangaroo Flat is this lovely three-bedroom home. It has been cosmetically updated throughout with lovely finishes. It provides three spacious bedrooms with a central bathroom (also updated) all whilst lying on a 557 sqm(approx.) block.
PRICE: $510,000 – $540,000
AGENT: Samantha Martin – 0400 787 544
25 POPLAR STREET, GOLDEN SQUARE
BED: 3 | BATH: 2 | CAR: 2
Exceptionally well presented home that is handy to schools, shops, transport and is less than 10 minutes from Bendigo CBD. Kitchen with new oven, adjacent living space, “L” shaped lounge & dining, split system, recently new gas heater & hot water unit. Outside finds an undercover entertaining space, a 3m x 3m garden shed & exceptionally well maintained gardens and lawn. This is a great all-round property, at an affordable price and ideally suited to first home buyers, couples, families or investors.
PRICE: $495,000 – $520,000
AGENT: Darren Waters – 0402 135 579
52 PEG LEG ROAD, EAGLEHAWK
BED: 3 | BATH: 2 | CAR: 4
Situated on the edge of the bustling Eaglehawk township is this classic weatherboard/al clad home and granny flat; set on a sizeable 1012m2 allotment that offers coveted dual street access to Peg Leg Road and Honeysuckle Street at the rear. Presenting a fantastic opportunity for a discerning buyer to capitalise on its potential, the property offers genuine versatility for investors and development scope (STCA) for those with an eye for possible profit. Two vacant dwellings occupy a single title, one facing each street respectively meaning all of dual occupancy, subdivision and further development remain possible options (STCA). Or, hold for now after some cosmetic updates and gain a possible two rental incomes – the choices are there!
PRICE: $580,000 – $595,000
AGENT: Tim Rooke – 0408 108 810
102 FOREST STREET, BENDIGO
BED: 3 | BATH: 1 | CAR: 2
Located at the “top end of town” in prestigious Forest Street is this classic Victorian home beneath an art-deco inspired facade. Offered at entry level to Bendigo’s most affluent neighbourhood, this fabulous inner city residence presents a wonderful opportunity to a discerning buyer. Oozing massive potential, the home is ripe for renovation and/or extension, and there has never been a location more worthy of your time and money. The possibilities are endless, with off street parking a bonus from Barnard Street, with vision and foresight, you will reap the future rewards!
PRICE: $660,000 – $720,000
AGENT: Tim Rooke – 0408 180 810
BUSINESS STATISTICS
AREC 2022
Brad, Catherine, Tim and Shane went to the Gold Coast to attend the highly anticipated Australian Real Estate Conference. What at terrific learning opportunity and beneficial experience it was for our team.
GOOD LUCK CASEY
Thank you for your all your hard work and dedication over the past four and a half years. You have been a terrific property manager and such a positive addition to our work family. Your service was always at a professional standard and the feedback from your rental providers and renters spoke volumes to that. We wish you all the best with starting a family of your own in Cohuna – we all know you will be a wonderful mother.
MAY BIRTHDAYS
Our biggest birthday month here at PH Property! Celebrating 5 birthdays (Catherine, Darcie, Simon, Marley & Samantha)
GOOGLE REVIEWS
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Here at PH Property we are proud to offer an “above and beyond service”.
If you are a happy client and want to leave a Google review, it would be greatly appreciated, this helps us out a lot as our reviews are crucial to our business growth. We are very proud to have 240 Google reviews with a 4.9 star rating. If you are unsure on how to leave a review, the steps to do so are below.
– You may have to log-in (with your Google account)
– Click the number of stars (hopefully 5) ?
– Leave some comments below the stars
RENTAL TEAM
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Catherine Beecroft – 0429 038 011
Bec Wharton – 0432 573 930
Jacky Johnson – 0448 885 721
Darcie Fry – 0458 774 575
Kayla Rayner – 0422 383 627
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