FEBRUARY 2022 NEWSLETTER
The month of February was interesting in more ways than one. After a super hectic end to 2021 and an excellent January to start the new year, the question is now being posed… have we seen the climax of the market? Listings for the month were well up previous months, however sales decreased slightly in comparison to what was forecast. Time on market has crept up slightly, and the urgency of the market has seemingly calmed somewhat. These indicators may be a sign that the market has reached its crescendo? However, as with previous periods over the past 2 years during the pandemic where the market was predicted to slow and didn’t, we are not prepared to call it just yet! One major segment of the market that has cooled since the turn of the year is land sales. With contributing factors such as prices reaching incomprehensible levels, a shortage of materials and builders being booked out for 12+ months, the urgency from buyers and demand for land has waned as a result. A lack of properties available to lease has continued to stagnate the rental market, as supply vs demand continues to be an issue. On the flip side, our residential rental providers are spoilt for choice, and are continuing to see strong yields and extremely low vacancy rates across the city. Welcome to our new team member Marley Domaille, who has commenced as a Sales Assistant to Tim. Marley replaces the extremely valued Corinne Kinsmann, who has decided to pursue a career in nursing. We are very sad to see Corinne go, but we wish her all the very best with her future endeavours.
POTENTIAL INVESTMENTS/DEVELOPMENTS’
491 NAPIER STREET, WHITE HILLS
BED: 3 | BATH: 1
Original features such as high ceilings, sash windows, original skirts & arch’s, timber doors & floors – great scope for an update. Large bedrooms, lounge with gas heater & air con. Separate meals and older style kitchen out back with yards views. Attractive Victoria home; great location – close to Plumridge St, Bendigo Creek walking tracks, schools & shops, 5 mins to CBD. Huge land parcel with room to develop or extend & renovate STCA; build a large shed, invest – plenty of flexibility with this one.
PRICE: $490,000 – $520,000
AGENT: Tim Rooke – 0408 108 810
34 CALEDONIA STREET, NORTH BENDIGO
BED: 3 | BATH: 1 | CAR: 2
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: $490,000 – $520,000
AGENT: Tim Rooke – 0408 108 810
3/23 ALEXANDER STREET, KANGAROO FLAT
BED: 2 | BATH: 2 | CAR: 1
Recently built in 2019, this super modern unit close to the heart of Kangaroo Flat is low maintenance, no fuss living at its finest. Two spacious bedrooms, each with their own ensuite plus a third separate toilet, well portioned & separate living and dining areas. Modern galley kitchen with all the mod cons, split system heating and cooling, single remote door garage with European laundry. Small yard has room for a garden, walk to schools, shops and transport, would suit FHB’s, singles, the elderly or investors alike.
PRICE: $430,000 – $460,000
AGENT: Tim Rooke – 0408 108 810
10 BURROWES STREET, GOLDEN SQUARE
BED: 3 | BATH: 1 | CAR: 1
Located approximately 3Kms to the CBD of Bendigo, in a very quiet street, is this lovely period home with modern updates. Period features such as lead light windows, decorative ceilings & floorboards plus updated kitchen and bathroom. Three good sized bedrooms with built in robes, kitchen/dining, separate lounge, gas heating and split system. Outside is a massive undercover alfresco/entertaining area, single carport, garden shed, low maintenance 408Sqm allotment
PRICE: $530,000 – $550,000
AGENT: Darren Waters – 0402 135 579
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
54A MYERS STREET, BENDIGO
BED: 2 | BATH: 2 | CAR: 2
This quality built Russell Parsons home is less than 5 years old, in like new condition and loaded with high end inclusions. The floor plan consists of two bedrooms, two superb bathrooms, spacious open plan kitchen/dining/living, private sunny courtyard. Walking distance to Coles Supermarket, Bendigo train station, Market Place Shopping Centre, terrific restaurants/cafes, etc. Perfect for singles, couples, downsizers, empty nesters, retiree’s or the savvy investor that may want to run an AirBNB.
PRICE: $695,000 – $735,000
AGENT: Darren Waters – 0402 135 579
BUSINESS STATISTICS
REMINDER
The deadline for the Minimum Standards Regulation on Window coverings is fast approaching. “On and from 29 March 2022, each window in a room at the rented premises that is likely to be used as a bedroom or as a living area is to be fitted with a curtain or blind that can be opened or closed by the renter to (a) reasonably block light; and (b) provide reasonable privacy to the renter.
VCAT UPDATE
As VCAT has been severely disrupted by the COVID-19 pandemic, this has created a significant backlog of cases.
VCAT has announce a partnership with the Dispute Settlement Centre of Victoria (DSCV). DSCV mediators will assist VCAT users to resolve backlogged Residential Tenancy disputes, through mediation.
VCAT and DSCV will prioritise matters that are most amenable to mediation, considering a combination of factors like age of the dispute, and whether there is a claim against the rental bond. As it reaches each eligible dispute, DSCV will contact the parties to the dispute to explain the next steps.
WELCOME MARLEY
Having spent most of her last ten years in Bendigo, Marley is very familiar with our great city, she’s always interested in what’s happening and is involved in the local community. Marley is concentrating on building a well-established, strong and proven career in the real estate industry as a full-time sales assistant. Prior to working for PH, Marley worked in hospitality and customer service-based roles as well as accounts and office management. She holds a Certificate III in Business and prides herself on her pro-active response in interacting with clients on a day-to-day basis. When she’s not working at the office, you can find Marley working in hospitality and retail, studying or spending time with her two young children who certainly keep her busy and on her toes. She enjoys spending time with her friends, her family in Swan Hill, her dog Breeze and keeping active and healthy.
FEBRUARY BIRTHDAYS
Kayla
Shane
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 211 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
PROPERTY MANAGEMENT SOFTWARE
https://youtu.be/JrbT9-Zktnc
Here at PH Property we use the latest technology.
Did you know the software we use has an Owners Portal? The portal offers complete transparency, so you can see your property is being managed properly. The video attached gives you insight on how to use the portal, or if you have any questions, you can ask a member of our friendly team.
RENTAL TEAM
Catherine Beecroft – 0429 038 011
Casey Johannesen – 0422 383 627
Bec Wharton – 0432 573 930
Jacky Johnson – 0448 885 721
