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Local estate agents survey – property outlook

Local estate agents survey – property outlook

Indigo Shire Council is keen to hear from Real Estate Agency operators to better understand how supply and availability of residential housing, rentals and vacant land impacts the economic vitality and workforce development of our Shire.

We're also interested to understand more about demand for and availability of industrial and commercial land in the Shire’s townships to support small business and trades activity.

We ask that in answering these questions consideration is given to impacts on the Indigo LGA area specifically. Responses will be reported as aggregated data only.

What local agency do you represent?

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In which town(s) or community do you list, sell and manage rental property? (Tick all that apply)

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Beechworth

Chiltern

Rutherglen

Yackandandah

Barnawatha

Stanley

Kiewa- Tangambalanga

Wahgunyah

Kergunyah

Sandy Creek

Indigo Valley

Other (please specify)

Compared to 2020 – 2023, has buyer interest in all property types and locations generally.....?

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Increased and remains high

Returned to pre-pandemic levels

Dropped away a little

Dropped away a lot

Other (please specify)

What property types are in most demand by current buyers? (tick top 3)

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Stand-alone houses in townships

Units and townhouses in townships

Lifestyle properties on small acreage

Vacant land – in town

Vacant land – rural living

Farms and acreage

Commercial property

Light industrial blocks or premises

Other (please specify)

What property types are in shortest supply at the moment? (tick top 3):

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Stand-alone houses in townships

Units and townhouses in townships

Lifestyle properties on small acreage

Vacant land – in town

Vacant land – rural living

Farms and acreage

Commercial property

Light industrial blocks or premises

Other (please specify)

Which of these statements best describes the local market for RESIDENTIAL LAND in early 2024?

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Buyer enquiry is strong at all price points, but there is a lack of supply

Buyer enquiry has dropped away at current price levels

Buyer enquiry is steady and there is an adequate supply of land to service demand

Buyer enquiry for land has dropped away due to finance and construction industry issues

Buyer enquiry can’t be truly assessed as I have no land listed for sale

Other (please specify)

Which of these statements best describes the local market for INDUSTRIAL LAND in early 2024?

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Buyer enquiry is strong at all price points, but there is a lack of supply

Buyer enquiry has dropped away at current price levels

Buyer enquiry is steady and there is an adequate supply of employment land to service demand

Buyer interest is evident, but there are very few listings

Buyer enquiry can’t be assessed as I have no industrial/commercial land listed for sale

Other (please specify)

Since 2020, what change have you noticed in buyer appetite for residential rental property investment?

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Local residential rental providers are choosing to devest and shift assets into other investment categories

Local residential rental providers are holding on to investment properties as sound investments and tenancy returns are good

There is good demand for residential rental property investment at current price points

Interest in rental property investment has waned in the past few years

Other (please specify)

What are the main factors influencing the appetite for rental investment? (top 3)

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Increasing costs, including interest rate hikes, make it financially unviable

Changes to the Residential Tenancies Act seen to favour renters over rental providers - it’s all too hard

The property boom has prompted investors to “cash in” rental property assets

Rental property investor interest is still strong for long term capital gain

Rental property shortages have resulted in improved outcomes for rental providers, more tenant choice and interest remains strong

Property investors are more inclined towards holiday rental in our area

Other (please specify)

10.

What measures might encourage more private investors into the permanent rental market?

11.

Based on your current portfolio, what rental vacancy rate % can you report for properties in Indigo localities?

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12.

What statement best describes the rental market going forward in 2024?

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An ongoing crisis of demand over supply – little to no vacancies envisaged

Remaining very strong with supply shortfalls easing

Demand softening and vacancy rates increasing somewhat

Other (please specify)

13.

Based on the following statement..............

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Local buyers have been displaced by more able external buyers?

Definitely agree

Somewhat agree

Neither agree nor disagree

Somewhat disagree

Definitely disagree

14.

Based on your professional experience, what can you say about the need for housing for workers?

15.

Using your industry knowledge, please add additional comments or suggestions about the future of the local economy, housing and industry in Indigo Shire.

* required*

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