Autumn sales records prove it’s a great time to sell

*this article was previously published in the April 2018 Midland Express

Kyneton’s property market has continued to bust its own benchmarks with the latest Real Estate Institute of Victoria’s (REIV) data showing a swift increase in median sale prices. The median midpoint sale price of residential properties sold in Kyneton and surrounds hit $495,000 for the last quarter of 2017, compared to other regional Victorian towns which peaked at $397,000.

If you thought Spring was the most popular season to buy and sell a property, you might need to think again.

What is most surprising from this new data is the spike in sales during autumn months. The solid demand and restricted supply has seen the post-holiday period of April and May surge from 2016 – 2017.

And why is that? Autumn proves to be an active time for buyers who get a boost from New Year’s resolutions and the settling back into reality.

A combination of stable low-interest rates across the years and the push from metropolitan to regional towns has seen buyers keen to beat out the demand.

The ambient temperatures and transitioning colours of the autumn fall provide a unique opportunity to create for buyers to showcase their beautiful garden or property which can add considerable appeal to your property during a sale (and otherwise, too).

The reality is that buyers are remaining active year round to get ahead of the pack. Matters such as Easter, daylight savings and the commencement of the football season are no longer impediments for sales. And the REIV data shows just that.

Looking to sell your home this autumn? For more on how you can prepare your home for sale, head to jenniferpearce.com.au

 

Seasonal Maintenance – Autumn Selling

Seasonal maintenance might not be on the top of your list most weekends but if you are considering selling in the coming months, there are a few small things you can do now to maximize on your investment and capitalize on profits.

  • Check chimneys for obstructions such as nests. If you have fireplace or wood stove, get your chimney cleaned and serviced. If you plan on selling during the cooler months, having optimal heating will increase the possibilities of a sale.
  • Ensure windows and skylights close tightly; repair or replace the weather stripping as needed. Drafty houses are harder to keep warm which not only mean higher electricity prices but an undesirable environment for prospective buyers.
  • Clean leaves and debris from guttering and the roof, and test spouting to ensure proper drainage. Overflow and puddles is not a great sign for people seeking a warm, dry home. Also, spending a little time cleaning out guttering can help you avoid autumn water issues.
  • If you are on septic and not town sewerage, make sure that it is checked and if required, emptied. The smell from some septic tanks can be off-putting to those considering living in your home.
  •  Winterise your landscaping. Protect your outdoor furniture by putting it into storage, prepare gardens and, if necessary, protect young trees or bushes for winter so that they survive the colder months. Also, the leaf litter from your gutters makes a great garden mulch.
  •  Check for cracks. Has your house shifted in the dryer summer months? Some houses in the Macedon Ranges develop plaster cracks as the house adjusts to the lower water supply. Patch, repair and paint to ensure that the house is fresh ready for you to put the house on the market.

In all cases of selling your home, it is important to plan ahead. Think ahead and imagine what the experience will be like for buyers when they come to buy in the cooler months.

 

 

 

Kyneton: It’s a sellers market

*this article was previously published in the March 2018 Midland Express Newspaper

Continued growth in Melbourne has added to the attraction for home buyers to seek out more affordable accommodation in regional locations.

The allure of Kyneton as a viable destination for property investors is evident, not just due to the incredible array of resources and services on offer, but by the limited supply of properties currently available on market.

Ask any agent in the area and they will all tell you the same thing: the demand is high and the stock levels are low.

The latest CoreLogic Property Data price data, as of 19 February 2018, shows that the median house price in Kyneton has increased to $507,000, a more than solid home price growth for the region.

Data from realestate.com.au shows that Kyneton is a high demand market with around 686 unique visits per property listing per month on their website, compared to the Victorian average of 894 per property listing.

This interest in Kyneton has supported the increase in property prices and it doesn’t look to be cooling. Melbournians chasing value for money are driving property price growth in the state’s commuter towns, with the Macedon Ranges seeing an increase in growth of around 20% in the last decade.

Greater infrastructure and investment commitments for regional Victoria have enhanced the desirability of these areas for buyers, particularly the improved road and rail services.

Homeowners are thriving in this seller’s market. Properties are selling quickly and at record prices. Competition to buy in Kyneton means that listings are moving at record rates.

For sellers wanting to downsize, they are in a great position to sell their homes at a profit and free up funds for their retirement or boost their cash reserves.

Predictions for the property market are that it might cool in 2018 so it’s a great idea to take advantage of pent-up demand while you can.

For more property insights, head to jenniferpearce.com.au

 

 

So what exactly IS the Kyneton style?

When you think about Kyneton, what images spring to mind?

Is it the bluestone architecture or the home overlooking the rambling Campaspe River? Or perhaps it is the rich agricultural pastures or the cosy village vibe?

Whatever image you conjure, it is true that Kyneton has its own distinctive style.

Here is a little of what you might find in and around Kyneton.

The Definitive Weatherboard

      

A mainstay of classic Australian architecture, the weatherboard is particularly prominent within the Kyneton township. And grey is the colour of the moment. Exterior palates in grey tones across Kyneton bring forth an understated elegance.

1960-80s Brick Veneer

This era of homes is dotted throughout town with delightful gardens populating the brick veneer surrounds. Introduced shering in a conservative and plain brick veneer style suited to the working class roots of Kyneton and surrounds.

The Classic Victorian Style

Dotted throughout the region are classic Victorian homes that are still as stylish as ever. Once owned by prominent commercial and community leaders, a classic Victorian residence is possibly attainable if they appear on the market.

 

Architectural Designs

From the unique to the fabulous pre-fab, Kyneton is dotted with some award-winning and highly desired architectural designed residence. Contemporary meets country is a perfect abode for this thriving community.

Modern Australian Family Home      

Modern Australian families find themselves in modern Australian homes that are affordable and exemplify good design. Kyneton is a growing community so it is not uncommon to find pockets of houses ready for the modern Aussie family.

TIPS FOR DECIDING TO SELL OR RENT YOUR PROPERTY

* This article originally published in the February 2018 Midland Express

It’s fair to say the property market can feel like an obstacle course at times.

Everyone has their own bit of advice on real estate, but what is right for your situation may not suit the next person at all. Some key things to consider when tackling the decision of what to do with your existing property when the time comes to move on – should you sell it or rent it out.

Let’s not get emotional

Although difficult, it is critical to making smart and informed financial decisions. Be objective and try to understand why you are considering the options.

Downsizers whose family have left the home might want to keep the family home as it still hold great emotional attachments. Basing decisions about such a large asset can be dangerous territory and can lead to poor financial decisions.

Don’t rush it. Without prudent advice and a thorough understanding your individual financial situation, trying to sell quickly this may not be the right decision either.

Your Cash Flow

Holding on to an investment property could give your finances an injection in the future and present tax incentive, but consider your cashflow in meantime? If your investment is dependent on the projected rental income from the property, consider things like maintenance costs and upkeep, body corporate costs and council rates depending on the property or what if the property is vacant for a period of time for whatever reason. All these things could impact the viability and manageability of your investment.

Investment

Remind yourself why you purchased the home in the first place. Was it a home to live in long term or a financial decision based on market opportunities? If you have strong, reliable information to support the investment, the benefit of turning your home into a rental may outweigh the associated risks.

Are you more confused then ever? Here are our top considerations when deciding whether to rent or sell your existing property.

 

For more on real estate in Kyneton and surrounds, head to jenniferpearce.com.au

 

The Checklist for Evaluating a Home

When house hunting, it can be fun to look through homes that you could potentially call your own. But keep in mind that you are not doing this just for fun. Try not be distracted by decorative tricks that might otherwise hide a structural anomaly.

My recommendation for prospective buyers is to use an Evaluation Checklist to keep track of the most important aspects of the homes you see.

Use the Evaluation Checklist (Link here: The-Checklist-for-Evaluating-a-Home-Feb-2018-2.pdf) when you become seriously interested in a house. It will support you from seeing the property from a less emotional position and make a better and more informed decision.

Do not use this list as a substitute for hiring a Building and Pest Inspector to check out the house thoroughly.  Engaging your own building and pest inspector should be part of your own due diligence before committing to a sale.

Should you sell your home over the summer holidays?

With the New Year comes a new optimism from both buyers and sellers wanting to take a punt on a fresh start, eager to get their resolutions met earlier.

Traditionally, real estate lore said not put your home on the market over the holiday season. But with the 24/7 connected nature of the internet, busy jobs and modern lifestyles, homebuyers can now pick and choose when and where they see your home, at least online.

Here are three good reasons why you should consider selling your home in the new year.

  1. There are buyers out there

It’s a competitive house market out there for buyers and people don’t slow down anymore just because it’s the summer holidays. In our busy modern lives, mobile technology connects potential home buyers to their potential new home whenever they want. Prospective buyers have the ways and means to look for it and they’re not willing to miss that chance just because the rest of life seems hectic, even over Christmas. Make sure you’re out there for them.

  1. There are fewer homes on offer

There are fewer homes available for purchase over the Christmas season. Since traditional advice has always been to not try and sell over the holidays, many people stop listing. Here’s your chance to take advantage of the sudden absence of sellers and have your house stand out in a much smaller crowd. Be there when no one else is
!

  1. People are serious

Those looking over the summer period are usually serious buyers. Many want to seal the deal quickly and be able to move in soon, sometimes, even more, the New Year. You could be closer to your own new year dreams if you take the time to consider the buyers who are still out and about at this busy time of the year.

New Years is a time for people to start realizing their goals and the clever ones make that happen sooner rather than later.

For more on how you can get your home sold in January, head to Jenniferpearce.com.au

 

 

New Year resolutions for sellers who haven’t sold yet

*This article originally appeared in the January 2018 Midland Express

A lot of people have resolved to sell your home this year.  With people recovering from Christmas and ready to start forging ahead with their New Year’s goals, it is a great time to take the plunge and get your house on the market.

But what happens if you house has been on the market for a while and hasn’t sold? The Kyneton market is certainly hot but there could be a small reason why your home hasn’t shifted. If you’re really dedicated to selling your house this year, you need to take decisive action.

A couple of things to think about:

  1. Reinvent your listing

Let’s be honest, if you’ve been trying to sell for quite a while without little interest, it might be time to shake things up.  Often a price adjustment can make a listing sell much swifter. Sometimes just a refresh of your marketing is enough to target new buyers ready to launch into 2018.This could include changing the copy about the property, a new heading about the property or using different hero images can make a huge difference.

  1. Stage your home

The internet is full of incredible ideas on how you can scale back on the personal but increase the potential of staging and styling your home. If necessary, commission a home stager or a trusted friend who has great personal style to help you get to market.

  1. Ask for help

If all else fails, why not give me a call?  Ten minutes on the phone can help you to understand the issues, and whether or not you can do something to improve the situation. If your New Year’s Resolution is to sell your home, let’s make it a priority to get it done right and with maximum profit for you.

For more on how I can help you sell your home, head to jenniferpearce.com.au