Renting: Try before you buy

The old rule of ‘try before you buy’ still stands for a lot of potential buyers seeking a rental property to test the new lifestyle first.

Since the global pandemic, there has been significant demand for rental properties with people wanting to leave the city, in search of a lifestyle change. Affordability is also one of the many reasons people come to Kyneton from the city, second to living in a tight knit community.

This year we have seen a strong local market with 70% of sales coming from Macedon Ranges-based buyers. These buyers are coming in to town to downsize from acreage, or are families who purchased their first home here and are now looking to upsize for more space for the kids or a bigger garden to grow their own produce.

It’s a landlord’s market right now in Kyneton. We have seen an increase in demand for rental properties from people wanting to move to the region from Melbourne, with the plan to rent first to find out if they enjoy the location and lifestyle before committing to a purchase.

We have been receiving a lot of interest from Melbourne tenants, even though there are travel restrictions in place. A lot of these potential tenants are signing on to lease properties that they haven’t physically seen.

With a shortage of rental properties available, we are seeing strong competition in the Macedon Ranges with the vacancy rate sitting at just 0.7%. Rental properties located close to schools or in the heart of town are the most popular.

The majority of renters stay on to live here permanently. If they can make the move work for them, then they will stay. With working from home an option now for many, we will see this continued increase in demand.

The advantage of renting in Kyneton first, is being able to establish friendships and relationships with likeminded people. Kyneton has a strong community, that is based first on lifestyle. We have seen couples move here, start their families and then retired grandparents follow. This is why Kyneton has become such a hot spot for real estate, because we love living here.

Are you looking to rent, sell, upsize or downsize? Contact me at jenniferpearce.com.au and I can help guide you along the property path.

Spring: Time to plan ahead

Spring has sprung! Are you ready to plan your future?

With the sunshine coming out and the daffodils making a full appearance, demand has started to increase for regional properties, with a focus on the Macedon Ranges.

With lockdown restrictions in our neighbouring metropolitan Melbourne set to ease later this month, regional Victoria seems to be the place to be with working from home now a reality for many.

Recent research with CoreLogic has shown that while house prices have plummeted in metropolitan Melbourne, regional house prices have remained stable during the global pandemic.

Many major metropolitan-based businesses have seen the positive results of remote working, with staff adjusting to this new lifestyle and working from home becoming the new normal. This change in working practice has brought with it a passion for home and space, highlighting what is really important and placing the dream of country living at the forefront for many.

Across the board, research data showed that regional markets saw unchanged prices over August and are down just -0.2 per cent over the past three months.

The Kyneton Raine & Horne office has been busy with enquiries with 70% of buyers coming from within the Macedon Ranges. Many Melbourne buyers are already here renting and waiting for the right property, essentially ‘trying before they buy’. Our rental properties have been tenanted very quickly as people flee the city for a country lifestyle.

If you are planning to buy in the area, please give us call and we can keep you informed of what we have and what’s coming up.

If you are planning to sell your property, Spring is and has always been a hot market for Kyneton. This is the time to prepare and plan your sale and inner improvements to your home can provide you with a positive and inspiring mental state. We are in a time where there are more buyers than properties, so please call us and we can do some match-making.

Winter clean for a Spring sale

Spring has almost sprung, with blossom starting to appear on our trees and the first of the bright wattle beaming in the winter sunshine.

However, while it’s still chilly outside, the depths of a Kyneton winter can offer homeowners with the opportunity to dust off the cobwebs and prepare their house for a spring sale.

Home truly is where the heart is and winter can really work wonders when you are settling into your nest. For those looking to sell during the popular spring season, this is the perfect time to review your property through the eyes of a potential buyer.

Spending time on your property now will help you reap the rewards during a spring sale, and avoid the last-minute rush to completion.

As an agent, I walk into many homes each week with buyers in mind. Through my fresh set of eyes, I am on the lookout for smart use of space. This can be created by a good de-cluttering, clean windows, a tidy outdoor space, fresh furnishings and even a coat of new paint.

As a homeowner looking to sell, you are essentially creating a dream space for a potential buyer as a buyer will walk into a property looking for something they can see themselves living in.

Are you looking to sell this spring? Here are my top tips for a winter clean-up:

  • Clean and declutter your space by clearing out all the items you don’t regularly use.
  • Walk around your garden and use this time to tick off your list for home improvements.
  • Prepare your garden beds now ready for spring planting.
  • Add some of that glorious Kyneton winter sunshine sparkle to your home and give your windows a wash, and launder your curtains and furnishings.
  • Polish and clean your appliances, work from the ground up and clean your skirting boards.
  • Show your love for your home by taking care of its beautiful personality and presence. It is this love that will shine to a potential buyer.

Welcome to our Winter Wonderland

The temperature gauge might be sitting below zero and there might be ice on your car, but the appeal of a country lifestyle has never looked better.

Kyneton during its coldest months really becomes a winter wonderland and if you can brave the early morning chill, the sunshine after the frost has melted is simply spectacular.

People working from home due to COVID restrictions are starting to see the benefits country living can provide and judging by the amount of weekend day-trippers to Kyneton over the past month you can see there is a lot of interest from city-dwellers when it comes to a change in lifestyle and home environment.

Winter is one of my favourite seasons to both buy and sell property. The curated selection of homes available during winter varies to its popular spring neighbour. It’s also the best time of year to check whether your potential new home is warm enough to brave even the coldest months.

With the Government’s new announcements of the $25,000 HomeBuilder and the $20,000 first home buyer grant, Victoria’s regional centres are expecting a boost in population this winter.

We will start to see a spike in the region with these grants and the rise in the ability to work from home provides more of an opportunity for many city-dwellers seeking a tree change. The appeal of selling a city house to move to a regional location and become, possibly, mortgage free is a dream for many and will be enough to get a lot of people over the line to make this change during COVID times.

For potential buyers or those wanting to sell, winter is a wonderland in Kyneton and now, more than ever, we have an audience coming to Kyneton looking for new opportunities that could come knocking on your wonderful doorstep.

Post Pandemic Purchasing

It has been suggested that a lot of city dwellers will leave the big smoke behind for fresh regional air amid the COVID-19 global pandemic.

We have seen an increase in enquiries from potential buyers looking to make the tree change with many house hunters seeing the benefits of country living.

With working from home options now a realisation for many major businesses, a lot of households are seeing this as an opportunity to escape the hectic city lifestyle and get back to basics.

One of the more positive stories to come out of COVID-19 was that people were able to adapt to change and try alternatives such as working from home and home schooling.

With access to fast NBN and close proximity to Melbourne CBD, Kyneton and other regional centres in the Goldfields are excellent lifestyle options for people wanting to make a tree change.

This is reflected in the recent Domain House Price Report (March 2020) with the average house price sitting at $710,000 – an increase of 45% from five years ago.

While house prices are starting to plateau in the city, regional towns and house prices are starting to increase as the health crisis shifts household focus into the home.

COVID-19 has embedded a love of home-life into many households with desires to plant veggie patches, raise chickens and a simpler life high on the agenda. With this new found home life on the increase, a post-pandemic migration to the country could be on the cards for many.

We are expecting to see a rise in demand for properties in regional Victoria with many potential buyers realising they don’t need to live in metropolitan areas any more. Now that we can welcome people to private inspections and open houses, we have started to see an excited market of positive minded buyers looking for a simpler lifestyle and nurturing community.

Here at Raine & Horne we are happy to discuss buying and selling in this current market. It’s a new territory for everyone, but feel secure in knowing that we know Kyneton and the great potential it holds.