APRIL 2022 NEWSLETTER
Where has this year gone? We cannot believe Easter is over and done with!
Huge congratulations to Bendigo Tourism with fantastic Bendigo Easter Fair. Lovely to see streets alive with activitiy.
The rental market continues remain strong with vacancy rates still well under 0.3%. The sense of urgency has levelled on the properties in the $500 plus category. The more affordable price point under $450 is still in high demand.
This month sees the 12-month anniversary of 131 changes to Residential Tenancy Act. Our team is continuing to learn and grow with dramatic changes that look place.
If you’re a current client of our office and your investment property hasn’t had a compliance check, we can assure you that your Property Manager will be in touch in the coming months. It’s important to have these compliance checks completed before the March 2023 deadline.
Sales across all price brackets remain very buoyant and positive with properties selling within a matter of weeks when priced and presented to market standards. We expect this trend to continue over the next six months.
This month we say farewell to Casey Johannesen as she departs our family to have her own. Congratulations to Casey and partner Ned.
With Casey’s departure we welcome Darcie Fry and Kayla Rayner into their new role as Property Managers.
Darcie has been part of our team for the past twelve months, having supported the rental team in an administrative role.
Kayla joined our office six months ago after five years working in customer service and financial services.
FOUR THINGS YOU MUST KNOW AS A PROPERTY INVESTOR
Whether your investment properties are positively geared, and you’re enjoying consistent cash flow, or you’re looking to use the long-term capital growth in your property to propel your wealth-building, there are some key things you need to know as a property investor. If you’re not aware of these things, you could find yourself with unexpected problems and expenses, which can impact your investments. Keep reading to learn the key things you should know as a property investor so you don’t get any nasty surprises throughout your investment journey.
1. LANLORD INSURANCE IS A SMART INVESTMENT
Your investment property is likely one of your most valuable assets, so it makes sense to protect it. While landlord’s insurance isn’t compulsory, it is a good idea to take out a policy that covers you for things such as damage caused by water leaks, plumbing issues, and if a tenant deliberately damages your property. Some policies will also cover you for lost rental income if your tenant vacates unexpectedly or stops paying rent.
2. BUDGET FOR ONGOING COSTS WHEN YOU BUY
Sure, you’ve probably worked out your mortgage repayments and secured pre-approval for a loan, but have you factored in the ongoing costs of having an investment property? Make sure you budget for expenses such as land tax, council rates, water bills (where applicable), and strata or owner’s corporation fees for townhouses and apartments.
3. KEEP UP TO DATE WITH REGULATION CHANGES
Tenant legislation is constantly changing across jurisdictions. And with the proportion of renters in the community increasing, there’s a general trend for legislation changes to be more accommodative of renters. For example, in Victoria, Residential Rental Providers may not be able to refuse a tenant’s right to have pets at their property. With changes like this becoming commonplace, it becomes even more important to secure great renters who will not only look after your investment but make sure any four-legged family members don’t damage your property.
4. MAKE SURE YOUR PROPERTY IS SAFE
Fire alarm, gas and electrical legislation is another area constantly changing. Your property manager will keep you updated on these and similar changes. However, you should make sure you always have funds set aside for compliance activities, such as upgrading your fire alarms if required.
Having an investment property is rewarding in many ways, but you need to make sure you’re aware of your upfront and ongoing costs and potential risks. Factor in the items above for your current properties and future purchases to proactively manage your expenses, address problems and stay on track with your wealth-building goals.
Remember, this article does not constitute financial or legal advice. Please consult your professional financial and legal advisors before making any decisions for yourself.
POTENTIAL INVESTMENTS/DEVELOPMENTS
5-11 WATSON AVENUE, CALIFORNIA GULLY
BED: 4 | BATH: 1 | CAR: 3
AUCTION: Friday 27th of May – 1pm on site
5-7
• STATELY 1960s CREAM BRICK HOME
• 4 BEDROOMS
• FORMAL LOUNGE
• LARGE KITCHEN-MEALS AREA
• DOUBLE GARAGE
• ALL SITED ON APPROX 3070 SQM ALLOTMENT
COO-GATE
• SITED ON APPROX 3379 SQM
• ORGINAL 1800s BLUESTONE AND BRICK BAKERY
• ORGINAL 1800s BLUESTONE AND BRICK GROCERY STORE
• SHOP AREA INCLUDES MANY ORIGINAL FEATURES
• FRONT SHOP AREA, PLUS RESIDENCE AT REAR
PRICE: Contact Agent
AGENT: Brad Hinton – 0417 537 251
15 VIOLET STREET, EAGLEHAWK
BED: 4 | BATH: 2 | CAR: 4
This property presents as a fantastic and rare opportunity for the first home buyer seeking value for money in the current market. Offering 4 bedrooms, all with BIR’s and the main with WIR and ensuite, multiple living zones, and a generously sized yard and shed, the home provides plenty of room for the growing family looking to occupy the home or could be an excellent opportunity for an investor and/or developer
PRICE: $490,000 – $520,000
AGENT: Shane Henderson – 0484 350 484
BED: 3 | BATH: 1 | CAR: 1
Ideally positioned with a 700m walk to La Trobe University & close to shops, schools, transport, train station & Bendigo CBD. Flexible floor plan, kitchen has gas cooker & dishwasher, lounge with cathedral ceiling, exposed beams, ducted heat & cool. Paved alfresco area, landscaped, natural stone garden bed edging, gazebo, pond and 2 garden sheds, approx. 551Sqm block. Perfectly suited to first home buyers, singles, couples, families or investors looking to invest in a highly desirable location.
PRICE: $520,000 – $540,000
AGENT: Darren Waters – 0402 135 579
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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: $595,000 – $625,000
AGENT: Darren Waters – 0402 135 579
34 CALEDONIA STREET, NORTH BENDIGO
BED: 3 | BATH: 1 | CAR: 1
Neat, tidy and affordable home in a terrific location, prime position close to the Bendigo Hospital, Lake Weeroona and CBD. Perched on the high side of the road, the home has an attractive street presence and occupies an established 647m2 allotment. Home in great order and ready to live in or lease immediately, new carpets throughout, fabulous timber kitchen, spacious living. Tiered back yard offering potential views across Bendigo, huge potential to further renovate or extend, a must see to appreciate
PRICE: $475,000 – $495,000
AGENT: Tim Rooke – 0408 108 810
BUSINESS STATISTICS
IMAGINATION LIBRARY BENDIGO GOLF DAY
Brad and a few of the team spent the day at Belvoir Park Golf Club for the Imagination Library Golf Day Fundraiser. All proceeds & donations went towards support for children from ages 0-4 who have limited or no access to books in their homes.
GOOD LUCK CORINNE
Thank you for your all your hard work and dedication over the past two and a half years. You have been a great asset to our team and a valuable member of our work family. Your service was always at a professional standard and the feedback from our vendors and purchasers spoke volumes to that. We wish you all the best in your new environment. We are very sad to see you go, however we know you will do great in your future nursing career.
GOOD LUCK RENAE
Thank you for your all your hard work you’ve put into your role as accounts/receptionist over the past two and a half years. You have been a great asset to our team and a fantastic individual to have in our office. We wish you the best of luck with your trip across Australia – what a fantastic couple of years it will be. We are very sad to see you go, however we know you will do great in every aspect of your life moving forward.
APRIL BIRTHDAYS
Lauren
GOOGLE REVIEWS
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 229 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
CLICK HERE TO LEAVE A REVIEW
RENTAL TEAM
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Catherine Beecroft – 0429 038 011
Bec Wharton – 0432 573 930
Jacky Johnson – 0448 885 721
Casey Johannesen – 5454 1999
Darcie Fry – 0458 774 575
Kayla Rayner – 0422 383 627
