HOUSE TO HOUSE
1. Everything Property Management
Read about what has been happening with the rental market in town, and also how busy the property management team have been in the office
Also check out the rental we are highlighting this quarter
2. How is the sales market going in Port Hedland
Read more about what the sales team have been up to and how the market has been moving!
Also check out the residential sales we are highlighting this quarter. This is one for the investor to enquire about!
3. Everything Commercial !!!
Read about what Leah our commercial consultant has been busy with, and some new listing she will be advertising soon!
4. Questions and answer with our lovely staff member Roxy
Interested in hearing more about our Property Manager Roxy? Check out her answers!
5. Check out Port Hedland and Real Estate current market articles
We have compiled a list of interesting news stories for you, so check them out to find out more about projects that has been happening in the Pilbara
6. Contractor of the month- JSN Electrical services
7. What’s been happening at the Hedland Property Shop office
Read about what our staff has been up to, and also some exciting changes!
8. Fun facts about Real Estate
1. Everything Property Management
By Jemma Lions – Senior Property Manager
WHATS HAPPENING IN TOWN:
We currently have 59 rental properties throughout Port and South Hedland available, 21 of those in Port Hedland and 38 in South, 11 of these have been marked as under application or approved application.
See below graphs which highlight the growth in the rental market within the last 12 months for both Port and South Hedland
PORT HEDLAND
SOUTH HEDLAND
HPS- WHATS BEEN HAPPENING:
We have seen another busy quarter in Property Management, growing our portfolio by 16 properties.
We leased out 46 properties this quarter with 25 lease renewals signed, majority of these signed with an increase of at least 20% or more.
The vacancy rate for our agency is staying very low, currently at 3%
OTHER INTERESTING INFORMATION:
We have come across some useful information which we believe will be of good reference for some of our owners;
A Guide to Tenant Damage; We unfortunately may see damage to the premises when tenants vacate or during tenanted periods. There has been a document sent out which will help calculate any leftover value of an item damaged by a tenant supporting a claim of compensation for the damaged asset.
BMT Tax Deprecation https://content.bmtqs.com.au/Documents/BMT-Tax-Depreciation-Resi-Rates-Reference-Sheet.pdf
We have also come across a document which has been introduced by VCAT, if you would like to see this guide, please contact Jemma on Jemma@propshop.com.au.
Please feel free to contact Jemma Lions, our senior property manager, she will be happy to assist with any queries.
2. How is the sales market going in Port Hedland
- By Victoria Thoegersen – Residential Sales Consultant
According to REIWA – South Hedland ranks no. 1 as the suburb that has had the highest market growth in the last quarter by 64%. Port Hedland is also on the list as no. 9 with a growth of 40.8%
According to Corelogic the median value in Port Hedland as of August 2021 was $668,000. This is a slight decline from July where it was sitting at $695,000, however it is still a massive difference to the same time last year where it was sitting at around 510,000.
Port Hedland
In South Hedland the median value is as of August 2021 was $366,000. This is slight increase from July where it was sitting at $361,233.85, and a massive change from the same time last year where it was $250,000.
South Hedland
We have been very busy for the last couple of months. A lot of our owners took us up on the offer to get a free sales appraisal at the new financial year so we have been very busy getting all the figures together. We have also seen a lot of other owners approach us for sales appraisal so the interest for selling has definitely been high, which is very understandable with the growth we have seen in Hedland for the past year.
As you can tell by the market reports we are still seeing a strong market in Hedland. We are still seeing properties going very quickly and some going above asking price, with only a week or less on the market.
We have some great new properties coming to the market very soon as well:
- 10 Mooring Loop $650,000
- 8 Bottlebrush Crescent $520,000
So keep an eye on our website for these ones, as you won’t want to miss out!
Residential sale property of the quarter:
We currently have some great properties on the market which are giving a strong return on investment. One of these is 7 Councillor Road in South Hedland Rural Estate.
Check it Out! | RURAL ESTATE WITH MULTIPLE INCOMES AND HIGH RETURNS (propshop.com.au)
The current rental return really says it all!!! Return on investment above 10%!!
Two properties, over 1 hectare of land and a total rental income of $2,300 per week. Both leases are in place for the next 12 months, with two corporate tenants.
The front house has been designed as the perfect workers accommodations. With 8 bedrooms, and 5 bathrooms most of the rooms offer their own private en-suite. The kitchen is well equipped with lots of storage and a nice big chefs’ oven. Overall, the property presents very modern and tidy. The corporate tenant has just signed on for another 12-month extension with a rental increase to $1,200 per week.
The property at the rear of the block is very similar, with a modern design, a large kitchen and a brand-new oven/ gas cooktop! The ceiling in the living area is incredible, and brings in so much light! Each bedroom is designed off the main living area, and features a total of 5 bedrooms and 2 bathrooms. the outdoor area offers lots of shade, and a below ground pool to relax in after a hard day at work, or entertaining friends on your days off! This property has just had a new lease at $1,100 per week signed up!
This block is located in South Hedland Rural Estate. It is amazing how different this place is despite the shops of South Hedland are less than a 10 min drive away! The serenity out here, is just something you don’t get in town, especially since each block is 1 hectare or bigger, so there is plenty of space between you and your neighbour!
3. Everything commercial
By Commercial Consultant – Leah Taylor
It has been another busy quarter!!! Multiple new leases have been executed in Wedgefield and Port Hedland.
In this quarter I found that the enquiries and viewings have picked right back up. Inquiries for truck yards have
slowed down and people seeking retail spaces are in high demand.
Exciting news for the ladies and men of Port Hedland – That’s right! Keep an eye out on 3/6 Anderson Street for Makaveli Barber Shop as they will be opening soon.
Also, if you’re wondering where Mobile Welding Services have gotten to, they have now relocated to 36 Harwell Way.
Mobile Welding Services WA (MWSWA),pride themselves on quality workmanship and reliable service every time they complete a job. No matter how big or small your project may be, they use their expertise and experience to produce a final product to the very highest standard. If you have a welding, fabrication, maintenance or repair project coming up (or one you’ve been putting off for too long), they can take care of it. Their commitment to providing customers with the best outcomes for every job we complete is fast proving to be the biggest driver of their growth. While they operate predominantly out of Port Hedland, their mobile welding services look after clients across the Pilbara & Kimberley Regions, and they are open to receiving enquiries from anywhere. If you’re looking for mobile welding services anywhere in WA, would like a quote, or need some more information, give Dustin a call today 0427 387 846.
Watch this space!!! We have some new commercial properties coming to the market soon!
- 3 Carlindie Way, Wedgefield
- 23/2 McKay Street, Port Hedland
- 2 Stocker Street, Port Hedland
Hedland Property Shop need more stock. If you have any questions or just want to ring for a chat on the Hedland commercial market, don’t hesitate to call me on (08) 9173 5555 or email on leah@propshop.com.au.
4. Questions and answers with our lovely staff member Roxy
- What is your position here at Hedland Property Shop?
I am a Property Manager and manage 63 Properties
- What makes the team at Hedland Property shop so enjoyable to work with?
That everyone gets along so well
- What are 3 of your favorite foods?
Tacos, zucchini slice and pink donuts
- What is 1 thing you enjoy doing each day?
Sitting by the pool with the kids after school
- Why do you love being a property manager?
I love the social side of the job and being able to meet new people
- 6. What pushes you to work hard?
Supporting my family
5. Check out Port Hedland and Real Estate current market articles
Record-breaking year for Pilbara ports authority
New gold targets at Mt York
https://www.businessnews.com.au/article/Kairos-rolls-out-new-gold-targets-at-Mt-York
BHP adds 40 million tonnes to Port Hedland throughput
https://www.australianmining.com.au/news/bhp-adds-40-million-tonnes-to-port-hedland-throughput/
Keeping the Pilbara strong
https://www.miragenews.com/mcgowan-government-delivers-plan-to-keep-628972/
6. Contractor of the Month- JSN Electrical Services
Wilfred from JSN Electrical Services will go out of his way to help the Hedland property shop team, he will make something a priority if we really need it done ASAP and always fixing things for us with a smile
If you are in the need of getting any electrical work done, then we highly recommend you call Wilfred on 0448 781 752
7. What has been happening in the office at Hedland Property shop
We have also welcomed Katrina who is currently our sales administrator. She has showed to be very capable and is currently completing her sales registration with The Real Estate Institute of WA. So as soon as she is finished she will be moving into the role as our new residential sales consultant!
We will also be saying goodbye to our current residential sales consultant Victoria as she is having her last day at Hedland Property Shop on the 5th of November. Victoria has been with us for the past 4 years, and will be missed a lot. She has decided to take 12 months out of work to travel around in Australia with her partner and two dogs. We wish her all the best on her travels.
Katrina and Jim will be here to look after all of our clients whether that be needing a market value for their properties, enquiring about how the market is going or selling their properties.
We have also welcomed Amanda to our team in Property Management as a new Trainee, Amanda has settled into her role well and is picking everything up quickly.
Breana has completed her registration with us and is waiting for her certificates to be sent through, soon to be a qualified Property Manager, Breana has excelled throughout her training and we are very excited to continue to watch her grow in our company.
Check out our Facebook page
Hedland property shop has their own Facebook, where we post our hottest rentals and sales for the week along with when we are hosting home opens and photos of the beautiful houses we have to offer and our happy clients who can celebrate a purchase on there new homes
Hedland Property Shop | Facebook
8. Fun facts about real estate
- In 2009 Australians had the biggest new homes in the world
Australia had the biggest new homes in the world in 2009 at 248 square meters on average.
- America’s most expensive listing sold for 0.1% of the asking price
Originally listed at $1 billion, an admittedly gorgeous 157-acre plot of prime Beverly Hills land was eventually sold for $100,000 at a foreclosure auction. The catch? The owner had incurred around $200 million worth of debt that the buyer was forced to take on.
- Emotion is the biggest factor in the decision to buy a home
According to a survey conducted by Commbank, 44% of Australian property buyers paid more for a property simply because “they really liked it”. Emotion is a huge driver of sales, so it’s important to sell a lifestyle, not a house.
