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Jun 27, 2022
Nelson Bay Local Real Estate Market Update 2022
Property prices are a hot topic at the moment, as unprecedented growth means there's been a huge upsurge of interest in the market. Many people are wondering what the future holds for property prices in Nelson Bay and whether now is the time to buy. At Nelson Bay Real Estate, we have almost 40 years of experience in buying and selling property in Nelson Bay. We know the market can be difficult to navigate, so we’ve put together a round-up of Nelson Bay property prices so far in 2022 to keep you informed. Latest Facts And Figures Let’s start with what we know. Over the last year, the median property price for a house in Nelson Bay grew to $950,000, while the median price for a unit reached $580,000. Growth in house prices is up to 32.9%, which is vastly above the national figure of 23.7%, while growth in process for units sits at 20.8%. For those looking for an investment property, the rental market is still strong, with houses bringing an annual yield of 3.1% and units delivering a 4.0% yield. How Do 2022 Property Prices In Nelson Bay Fit With National Trends? Property prices in Nelson Bay are much higher than the national trend and are also higher than similar areas such as Corlette and Anna Bay. This growth is fuelled by the continued desire for pandemic-proof properties, as well as Nelson Bay’s popularity with older homeowners looking to secure their forever houses. Will Property Prices In Nelson Bay Crash In 2022? The huge amount of growth over recent years has caused many people to speculate on the likelihood of a property price crash in 2022. Whilst it’s impossible to predict these things, we don’t think that a crash is inevitable. There’s evidence that growth is slowing, and we are seeing a general trend away from the sense of panic that fuelled the Nelson Bay property market during late 2021. This means that property is taking a little longer to sell, which means a slight leveling off in prices, but we’re not seeing any sign of a dip in what people are happy to pay to live in Nelson Bay. What other factors will influence Nelson Bay house prices in 2022? The key driver for properties in Nelson Bay appears to be the ongoing desire to live in a pandemic-proof neighbourhood. People want somewhere they can enjoy outdoor space easily, and somewhere with enough space internally to cope with a pandemic situation. If you’re selling or bringing a home to the rental market, it’s essential to showcase the space available and maximise your outdoor living options. Get In Touch Our team at Nelson Bay Real Estate have years of experience in helping people buy, sell and rent in the area. We have a range of properties for all types of buyers available for viewing now. To find out more, just get in touch using our online contact form, or call us on 02 4981 2655 to discuss your specific needs so that we can assist you. @media only screen and (max-width: 600px) {.blog-h2-style {font-size:23px !important;}}
Sep 10, 2021
Is It Worth Using A Real Estate Agent?
Selling your home can be an exciting time if you are moving on into new adventures. However, knowing how to sell your house can be challenging when you are not an expert in the real estate market in Nelson Bay. You may be wondering what the quickest and most cost-effective option is, whether that is selling privately yourself or through a real estate agent. In fact, you may find that most people you know do use a real estate agent. But why? Is it really worth the cost and the time taken to find the right agent for you? At Nelson Bay Real Estate we are here to help you find out the answer to these questions and more. Cost-Saving Many people consider avoiding using an agent to save money, however, real estate agent fees might not be the net loss you think they are. Because real estate agents know the local area well and have professional connections, they may be able to get a higher price for your property than you could by yourself. They also have access to certain information that you do not, so what you pay them could be more than made up by getting a better price after the sale is settled. Trust When someone is buying a house, they often will only buy with an agent that they know and trust. Buying (and selling) privately can be high risk as there are fewer protections in place compared to those offered by a qualified agent. You may be missing out on potential buyers who wish to avoid these pitfalls, limiting yourself to a lower number of opportunities. Not to mention that you can trust them to source high-quality buyers and should not leave you in legal difficulty if a sale falls through. Expertise Getting in touch with an agent to market and sell your property means that you can access their marketing and selling expertise. They know how best to advertise a property, and often have a list of potential buyers for homes in your area. They will also understand the legalities of selling a property, so you won’t end up confused and missing out on vital details and deadlines during the selling process. Less Stress While selling a property can be exciting, it can also be extremely stressful. Employing a real estate agent is a great way to alleviate some of this stress. For example, you will not need to take calls and emails from prospective buyers, nor will you be required to show them around the property. How We Can Help When you agree to sell your property with a Real Estate agent in Nelson Bay, they can support you every step of the way. From understanding the value of your property and marketing it effectively to finding the best buyer and getting the right price, we will be there to help you sell your home. Are you ready to start the process to sell your property in Nelson Bay, Tanilba Bay, Tomaree Peninsula & Tilligerry with an accredited and experienced team? Get in touch with us today or call 02 4981 2655 to see how our qualified and expert real estate agents can help you with the sale of your property now. @media only screen and (max-width: 600px) { .heading-text-1 { font-size:23px !important; }}
Aug 16, 2021
What Do Property Managers Do?
If you’re considering purchasing an investment property, you are going to need to consider how you are going to manage the property. You may have thought about managing the property yourself or you may also be considering investing in a great property manager. Not too sure what a property manager does and if their services are worth the expense? If you’re considering hiring a property manager but you need a bit more information on what they do to help you make your decision, here at Nelson Bay Real Estate we are here to assist. 1) Oversee The Financials One of the most important things that property managers oversee is the financial management of your property. Not only do they ensure that your property is tenanted by quality tenants that will take care of your house and pay their rent on time, but they also utilise their local market expertise to evaluate rental prices and instigate rental increases if necessary. Organising the finances of a rental property can be confusing. Property managers ensure that everything is paid on time and that the accounts balance. This can include: Advertising the property Collecting rental income Deciding rent prices Organising the collection and lodgement of bond money Ensuring that council rates and taxes are paid (usually out of the rent money) 2) Look After Your Tenants Property managers are your tenants' go-to person when they need to discuss anything about the property. They’re present from the very beginning when the potential tenants view and apply for the property to be the point of contact if the tenants require anything. Overseeing the tenants often includes: Communicating with the tenants Property managers will enforce lease terms such as pets, tenants, noise issues, rent, etc. Handling the tenants' rent and ensuring it is paid on time Managing any complaints Dealing with any repair or maintenance requests from the tenants 3) Maintain Your Property When it comes to your property, a property manager is tasked with the responsibility of overseeing its physical management. They are there to ensure that the property stays in top condition, is live-able, and remains an attractive option for future renters to ensure that it continues to earn rental income for you. Property managers are in charge of everything from maintenance to repairs to ensure that the property is in rent-ready condition between tenants. Property managers maintain your home by carrying out the following tasks: Arranging for repairs if requested by tenants or noticed during inspections Undertaking regular maintenance such as gutter cleaning, pest proofing, exterior cleaning, and landscaping duties Organising and carrying out regular inspections Tenant turnover included organising the property between inspections, collecting keys, refunding bond deposits, and enforcing move-out dates. Managing a property on your own can be time-consuming and difficult. There are so many things that you need to do to ensure that the property is being managed correctly. When it comes to owning rental and investment properties, having a great property manager on your side is a the best way to ensure that the property is managed successfully and professionally. A property manager will ensure that your property stays in great condition, your tenants are well cared for, and that all the financials are up to date. If you are looking for a great property manager to help you oversee your investment property in Nelson Bay, Tanilba Bay, Tomaree Peninsula & Tilligerry why not give the team at Nelson Bay Real Estate a call 02 4981 2655. We’re experts when it comes to managing properties.
Jul 12, 2021
How To Choose A Real Estate Agent
If you're planning on selling and relocating, you probably have a lot of things on your to-do list. From getting your existing property ready for sale to how much you’re hoping to sell for, there are many important considerations to take into account when you’re selling your home. However, the most important decision you could make is choosing the right real estate agent. The right real estate agent is the key to a smooth sales process, as well as to get the best result for your property. So, how do you choose a real estate agent? 1) Do Your Research Begin your real estate agent search by undertaking some research on possible candidates. Have a look at their online presence. You can look at things such as their website, social media accounts, and any reviews they may have. You can also check whether they are registered with your state's real estate regulating body to ensure they are licensed and do not have any disciplinary actions on record. 2) Find a Local Agent Always try to find a local agent as they are the individuals that are going to know the area best. Ask how long they have worked in the area as an agent with a deep understanding of your property's location could be the difference between a good and bad result. You will want to find an agent that not only has a proven track record of being able to sell but someone with good local knowledge too. They should be able to provide you with in-depth knowledge about transport, schools and zones, the demographics of the area, and the kinds of buyers that are looking for homes in your area. 3) Request References Any good real estate agent will be able to provide you with information on homes that they have sold in the last year or two and details of previous clients that you can contact. Give these people a call and ask about their experience with the real estate agent. Ask if they would consider hiring the agent again in the future. These past clients will be a great source of information about whether or not to hire a real estate agent or keep looking. 4) Attend Some of Their Inspections Once you have researched your possible real estate thoroughly, try attending some of their existing listings. Open home inspections are a great way to see the agent in action and see what they’re capable of. Take the opportunity to see how the agent presents that house and how they interact with potential buyers. Taking the time to thoroughly research and vet a real estate agent ahead of time can save you a lot of grief down the road. Doing your research now will help to ensure that you have a smooth selling process and that your agent can attain the best possible result for you and your home. If you need a reliable and trusted real estate agency in Nelson Bay or Tilligerry to help you sell your home, give us a call 02 4981 2655 and we can discuss how we can assist you. We’re your local agents in Nelson Bay, Tanilba Bay, Tomaree Peninsula & Tilligerry and we are ready to assist you.