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:: In this Issue ::  -   News Items   |  Current Listings   |  Solds  

Tuesday, 1st August 2017 0357 283295 - mail@indigorealestate.com.au
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Hello --dear--,

Welcome to the first Indigo Real Estate electronic newsletter prepared to provide you with an overview of the current real estate market within Indigo and surrounds.

We hope you enjoy our newsletter and we would encourage you to let us know of any real estate matters you would like us to cover in future editions. Of course we will let you know what is happening in our local area and also of any broader real estate matters we think you may be interested in. You may also like to forward this on to any family, friends and neighbours who may be interested in local real estate. Anyone can subscribe to receive our newsletters electronically simply by sending us an email request.

We hope you enjoy our newsletter. We know many people have an ongoing interest in what the local market is doing and we look forward to sharing that with you.

 

 

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Jamie Horne       Sarah Grimmer

Principal / Sales

     

Property Manager

0438 280 867       0434 386 664

Kind Regards,
Indigo Real Estate

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Staying Connected - Social Media and Online

Are you registered for our latest sales and rental alerts? Simply register your details on our website www.indigorealestate.com.au to be the first to hear of any properties which are being offered for sale or rent.

You may also like to follow us on our social media pages for all our latest news, properties, local information and competitions.

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Beechworth

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It’s been a bumper year for real estate sales in Beechworth with an increase in the median sale price of approx. 12% to $365,000 largely due to the continued demand for entry level properties and the lack of supply. Properties up to the $400,000 mark are in strong demand and there has also been a shift in the upper ranges towards $750,000 with a significant number of buyers arriving after selling their homes in the capital cities. From our conversations with successful buyers and those still looking for their Beechworth home, the welcoming community lifestyle and local values have been a huge drawcard. With a current lack of available Beechworth homes we expect the strong demand to continue through Winter and into Spring.

Available residential and commercial rentals remain in short supply with quality three and four bedroom homes in high demand. The median residential rental price is approx. $320 per week which is an increase of 4.6% the same time last year.

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Chiltern

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Chiltern real estate remains in strong demand with year on year growth of 11.4% and a median sale price of $255,000. As new families continue to discover the strong community and proximity convenience to Albury / Wodonga, Wangaratta and the Logic Centre we expect to see demand for Chiltern to continue. With our own sales in Chiltern in this past year it was great to see a good mix of new families, couples, retirees and business people joining the Chiltern community. Demand for residential and quality central commercial property remains strong for quality affordable properties.

Residential properties remain in strong demand and there are currently a number of families keen to secure a rental in Chiltern. During the past year Chiltern rental returns have increased by 5.1% to a current median rent of $250 per week.

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Stanley & Wooragee

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Stanley rental yields increased 5.6% with an average median weekly rent of $325. There is no available rental data for Wooragee.

Both Stanley and Wooragee properties are in strong demand and with only a low volume of sales in both villages. WIth only a small number of recorded sales in Stanley for 2016 and only 2 in Wooragee the median prices are not a true reflection of the markets. It is fair to say that small acreage properties in both Stanley and Wooragee are in demand with a number of currently active buyers

So far in 2017 we have had strong demand and enquiry for Stanley and Wooragee properties offering smaller acreage and all the benefits of privacy accompanied by strong community support.

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Yackandandah

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As with all Indigo towns and villages, demand for rental properties in Yackandandah is strong with a median weekly rental of $325 which represents an increase of 4% on the previous year.

Real Estate sales and demand for property in Yackandandah remains strong with growth of approx. 15% and a median price of $420,000. There are a number of Yackandandah buyers currently active for properties up to $550,000 who are seeking a quality central home or small acreage. Demand for homes in Yackandandah is consistently strong throughout the year and as expected peaks around November – December with many buyers keen to secure their new home prior to the Christmas holidays.

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Tarrawingee and Everton Upper

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The median rent in Tarrawingee is $375 per week which is an increase of 3% for the same time last year. There is no available rental data for Tarrawingee and Everton Upper.


Tarrawingee and Everton Upper offers a good mix of smaller residential homes and small, medium and larger acreage properties and whilst most are tightly held those that are offered for sale attract strong interest from families and couples keen to have the lifestyle that acreage offers and the proximity to the conveniences of Wangaratta.

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What our clients say about Indigo Real Estate

Professional & Transparent

"We found our experience with Jamie Horne, Principal of Indigo Real Estate, to be professional and transparent. He displayed excellent follow through and communication skills in the transaction of our sale. We have no hesitation in recommending Indigo Real Estate to others looking to list their property, and would not hesitate to utilise Indigo Real Estate again. From start to finish, our experience was first-class."


Professional & Spot On with Evaluation (Appraisal)

"I would like to take the opportunity to say a big thank you to Jamie, Sarah & Rachel on the recent sale of our family home in Beechworth.From the evaluation of the property (which was spot on) and the advertising, open days and friendly and confident approach in dealing with any interested parties through to the agreement of the purchase price to settlement all was handled extremely well. Through your professional expertise in real estate the sale was completed in less than eight weeks. I would recommend Indigo Real Estate to my family and friends and I would certainly contact you if the need arises in the future. Many Thanks again."


Accurate Marketing and a Delight to Deal With

"Thank you for all your assistance with the purchase of 4/24 Malakoff Rd Beechworth. You were an absolute delight to do business with. The way the property was marketed was completely accurate and you went above and beyond meeting us outside of normal business hours, answering all of our questions promptly, providing us with all necessary information and doing all this in such a friendly welcoming manner. Beyond the sale you have continued to help us settle into Beechworth providing answers to questions directed at the community in general and I could not have higher praise for both you and the service you provide. Truly grateful for helping us feel welcomed in the area and I will highly recommend you to anyone - THANK YOU from the bottom of my heart. "

 

For lots more testimonials and client comments we would encourage you to check visit the Testimonials page on our website.

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Consumer Affairs – Statement of Information - New Rules from 1st May 2017

With effect  from the 1st May 2017 Consumer Affairs Victoria requires all real estate agents to provide vendors and also prospective buyers with a published ‘Statement of Information’ in a prescribed format. This ‘Statement of Information’ must include three genuinely comparable sold properties as well as the agents expected selling range. This must be available to both vendors and prospective purchasers.

This new requirement appears to be the result of agents ‘under quoting’ leading up to auctions. Whilst we do not believe under quoting is an issue in our region, ‘over quoting’ to secure a listing may occur and may give vendors false hopes and expectations as to what their property may achieve. Indigo Real Estate does not engage in over quoting, nor under quoting to secure a listing, we offer honest, accurate and transparent advice to vendors and landlord.

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Drone Photography and Videos

Indigo Real Estate is always on the look out for new ways to market our clients properties for sale. One of the most exciting innovations in recent years has been drone technology which our business, staff and clients have embraced. We have completed a number of drone videos and where appropriate regularly use aerial images. It would be fair to say that it is another part our service that we love delivering and seeing our clients reactions to the end product. 

You can check out some of our drone footage here: Indigo Real Estate Videos

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Currently Active Buyers and Tenants

At a quick count before sending out this newsletter we have well over 150 active buyers and prospective tenants registered on our database who are ready to buy or rent now. While we don't plan to introduce you to them all here is a very small sample of what is being sought:

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Buyers

Mrs M is looking for a centrally located 2-3 bedroom two bathroom, low maintenance brick home within easy walking distance to local shops and conveniences. She is a cash buyer and happy to renovate if necessary. Budget is up to $450,000

Mr & Mrs D are moving from Sydney and are looking for a modern architectually designed home on a generous parcel of land, very close to town, with good views and ideally the opportunity to have a horse or two.They are ready to buy now.

Mr & Mrs H are relocating from Melbourne. They are after a quality built, four bedroom, two bathroom home only a short walk to central Beechworth. They will consider properties on up to 2 acres. Budget is $650,000

Mr & Mrs J are keen to secure a smaller acreage property 20 -100 acres within 15 kilometres from Beechworth or Wangaratta. Ideally a brick home and low maintenance gardens but with established intrasture for horses and small livestock. Budget is negotiable.

Ms Z is wanting to buy her first home in Chiltern. Ideally centrally located, brick, minimum 3 bedrooms, 2 bathrooms. Budget is upto to $250,000

 

Tenants

Mr & Ms K are looking to rent an affordable family friendly home in Beechworth close to schools and services. Budget is up to $300 per week.

Mrs L is relocating to the north east in September and looking for a four bedroom, two bathroom home withing easy reach of Albury Wodonga. She will consider Beechworth, Chiltern or Yackandandah.

Mr S is a well employed with good references. He is keen to secure a 2 bedroom, 1 bathroom low maintenance unit for a long term lease. Budget is upto $320 per week.

If you think your property may suit any of these buyers and tenants we would welcome the opportunity to introduce them to your property.

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Thinking of Selling or Renting?

If you are thinking of selling or renting out your property we would welcome the opportunity to help you. With a very notable shortage of available properties for sales with statistics showing property listings are down approx 30% across the region, and and an increasing number of qualified buyers and tenants ready to move now, is a great time to speak with us.

Call us today on:

0357 283295

to arrange an appointment, or visit us at:

29b Camp Street Beechworth

for a chat about your property.

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