Bendigo

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The home of reality TV regulars Kevin Moloney and Janetta Stones has been listed for sale in the historic village of Maldon, Victoria.

The couple are set to appear on the upcoming third season of Channel Nine’s hit series Travel Guides.

The home, The Brambles was built in 1856 as the manager's residence for the town’s mine.

They purchased the home in 2000, renovating and extending it through the years.

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They have been trying to sell since last January starting with a price range of $695,000 to $764,500 which they changed the price guide in May to $725,000.

In August, they took the home off market the most recent campaign has been running for 70 days.

This latest campaign had the property's price guide set at $715,000 at the end of last year but has revised it to $690,000 - $710,000.

[smartcode_project:default project_id=3730]

The three bedroom two bathroom home is set on 2,263 square metres.

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There is imported Morris wallpaper circa 1900.

Barry Plant agent Ben Harper has the listing of 86 South German Road.
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Travel Guides duo Kevin and Janetta list historic Bendigo home

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Victorian home builder Sherridon Homes is set to create a customer hub in Bendigo having bought a historic building in the heart of the town.

The hub, which will support growing demand for their homes, will service the wider area, including the Greater Bendigo and Shepparton regions.

Sherridon, who also have offices in Ballarat, Gippsland and central Melbourne, are preparing plans to submit to the local council to refurbish the commercial building at 2-4 Pall Mall.

They're seeking to remove to upper level hoarding to reveal and restore the original façade and windows, as well as turn the untenanted element of the 545 sqm space in to a colour selection showroom and office.

The building has a long history of commerce and trade dating back to the 19th century, and is currently partially tenanted, with a vacant portion most recently home to Dymocks book store.

Sherridon Homes, part of AHB Group, is on track to build around 1,500 homes this year across regional Victoria and Melbourne.

Its regional operations are headed up by seasoned industry professional Natalie King, the former managing director of JG King Homes.

“We are committed to being a regional builder creating jobs and opportunities for local businesses to support the growth of the region”, says Ms King. “Underpinning our success will be the strength and support of a large building group embracing the passion and knowledge of a local team.”
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Victorian home builder Sherridon Homes is set to create a customer hub in Bendigo having bought a historic building in the heart of the town.

Joel Robinson

Sherridon Homes to service Bendigo and Shepparton regions with new customer hub

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The recently launched Loddon Mallee South Regional Growth Plan, from Victorian Planning Minister Matthew Guy, has signalled that Bendigo’s previous envisaged density plans need revision as growth in the region becomes a state focus.
With plans for significant growth in <a href="https://www.urban.com.au/property-observer" target="_blank">Bendigo</a>, <a href="https://www.urban.com.au/property-observer" target="_blank">Maryborough</a>, <a href="https://www.urban.com.au/property-observer" target="_blank">Castlemaine</a>, <a href="https://www.urban.com.au/property-observer" target="_blank">Gisborne</a> and <a href="https://www.urban.com.au/property-observer" target="_blank">Kyneton</a>, the plan found that in most of the areas enough land is vacant and ready for residential supply to support the population growth.
However, within Bendigo itself, and with a push towards growing the strength of the area as a regional city, it signalled that different forms of development must be considered.
“Alternative forms of housing (beyond greenfield development) need to be explored, such as shop-top housing and multi-unit developments,” the plan discussed, pointing to an expected continuation of the number of single-person households.
Similarly, housing for the elderly is also a point of consideration.
The report further mentioned that infill development opportunities would need to be identified, and that higher density requirements than previously envisaged would require a “review of land use control”. This may prompt some rezoning in the area. Jobs and business growth were also key features of the report.
Guy noted that the long-term vision to manage growth and change looks to protect the valued assets and character of the region, as well as focus on the strong population and economic growth currently.
“For the first time we have concurrent plans for the metropolitan area and all regions of Victoria. No other state in Australia has approached its long-term planning in this comprehensive way,” said Guy.
Photo courtesy of <a class="owner-name truncate" href="https://www.flickr.com/photos/wafonso/" target="_blank" title="Go to Wilson Afonso's photostream" data-track="attributionNameClick" data-rapid_p="23">Wilson Afonso</a>/Flickr.
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Higher density housing needed in Bendigo as growth becomes a state focus

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Bendigo has an oversupply of houses relative to rental demand, according to Herron Todd White’s latest report.
The property valuation firm says that Bendigo has a fair demand for new houses.
<a href="https://www.propertyobserver.com.au/images/2017/02/10/Screen%20Shot%202017-02-10%20at%202.46.01%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/10/Screen%20Shot%202017-02-10%20at%202.46.01%20pm.jpg" alt="">
This is supported by a steady trend in new house construction as well as a steady volume of houses being sold.
However Bendigo’s housing market sees new properties frequently being sold at prices that exceed their potential resale value.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-bendigo-124876826" target="_blank">8 Flood Street</a>, Bendigo (above) has been listed for between $480,000 to $520,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-bendigo-124957438" target="_blank">163 Mitchell Street</a>, Bendigo (below) has been listed for between $540,000 to $560,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/21/163%20Mitchell%20Street.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-bendigo-420779062" target="_blank">325 Barnard Street</a>, Bendigo (below) is available from $450 per week.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/28/325%20Barnard%20Street.jpg" alt="">
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-bendigo-415464519" target="_blank">27 Bayne Street</a>, Bendigo (below) is available from $250 per week.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/28/27%20Bayne%20Street.jpg" alt="">
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Oversupply of rental houses at Bendigo: HTW

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Bendigo is attractive to investors due to its low buy in price, according to Herron Todd White’s August report.
The property data firm says that non-local investors generally pay above market prices for property investments.
“Investors from the eastern capital cities of Australia could look at regional centres such as Bendigo with great interest due to the significantly lower buy in prices.
“Generally non-local investors are seen to pay above market prices for any type of property investment.
“New houses in new estates appear to be the most popular product with investors. Two-storey town houses located within the urban centre of Bendigo are also a sought after product.
“The most common price point for investors is the $300,000 to $400,000 bracket which is comparatively low compared to most metropolitan markets,” the report stated.
Epsom and Flora Hill are among the areas most sought after by investors Herron Todd White advises.
“The most sought after areas by investors are considered to be any of the growth corridors of Bendigo including Epsom, Maiden Gully and Strathfieldsaye.
“Inner urban areas in demand include the long established suburbs of Golden Square, Kennington and Flora Hill.
“These areas are within a short commuting distance of the Bendigo CBD.
“La Trobe University is located in Flora Hill and is the driving force behind investor demand in the Flora Hill and Strathdale areas,” the report advised.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-kennington-116854291" target="_blank">6 Marshall Crescent</a>, Kennington (above) has been listed for between $379,990 to $405,000.
Built in 1982 the property was last sold in 2009 for $235,000.
Another four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-epsom-126107186" target="_blank">16 Yellowgum Drive</a>, Epsom (below) has been listed for $365,000.
Built in 2013 the property was last sold in 2014 for $106,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/09/16%20Yellowgum%20Drive.jpg" alt="">
Interest from non-local investors have declined in the past five years Herron Todd White warns.
“Non-local investor interest has declined over the past five years which appears to have coincided with the down turn in mining.
“This reduced interest has been of little to no impact on the local market.
“If there was a significant decline in investor interest, possible outcomes could include a slowing of new development in the growth corridors as well as a general uplift in rent returns.
“This could subsequently result in an uplift in overall property prices, however this remains speculative.
“For those interested in investing in the Bendigo market do not rely on short term capital growth; instead pay more attention to yields and future development potential,” the report warned.
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Bendigo attractive to investors due to low buy in price: HTW

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The Moelis-owned Redcape Hotel Group has sold the All Seasons Bendigo, a four-star hotel, for about $24 million to a private investor.
The 77-room hotel was listed in March, ahead of a Moelis Australia managed fund snapping up Redcape’s 25 pubs in a <a href="https://www.urban.com.au/news/72349-moelis-australia-snaps-up-redcape-group-s-pubs-for-677-million" target="_blank">$677 million deal</a>.
The four-star hotel on McIvor Highway, east of the Bendigo CBD, was Redcape's sole Victorian property and a legacy asset from the failed Hedley Leisure Group, the predecessor to Redcape, The Australian Financial Review reported.
Apart from the 77 rooms, the hotel offers multiple conference, wedding and function centre facilities, 100 gaming machines, bar and dining areas and extensive guest amenities. 
The selling agents were Mathew George and John Musca of JLL Hotels &amp; Hospitality Group.
All Seasons currently has a net annual rental income of $1.56 million. Going by the deal value, the yield works out to 6.5 per cent. 
The lease is in place until 2052 to private hotelier (Jeanine Cook of Hedz Hotels) with fixed 3.75 per cent annual rental increases included.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/10/Bendigo2.jpg" alt="">
"The strength of the tenant's business coupled with the highly desirable land-bank of 3.5 hectares presented a compelling property for astute investors," George said.
The sale set a new record for a privately-tenanted hotel investment in the region, according to Musca. 
The buyer – listed on the title deed as David Feldman – will add the All Seasons Hotel to a portfolio of privately-tenanted investment hotels, the AFR said.
The All Seasons was something of an anomaly for Redcape sitting alongside 25 pubs in NSW and Queensland that Moelis Australia now intends to float in the next 12 to 18 months.
Its portfolio includes some of Sydney's best pubs, including the El Cortez Hotel in Canley Heights, Minsky's Hotel in Cremorne, the Willoughby Hotel in Willoughby North and the Eastwood Hotel in the Eastern suburbs.
Regional deals
In more regional hospitality industry deals, Jaz Mooney's Pelathon Management Group has sold off Orana Hotel in the Lake Macquarie suburb of Blacksmiths in NSW for $4.2 million.
The pub, which recently underwent a makeover, has a TAB, gaming lounge and beer garden on a 2307 sqm site.
It was bought by a local publican, according to the AFR.
Pelathon bought the property last year from bankruptcy trustee BRI Ferrier, acting for the estate of long-time owner Malcolm Downie.
The selling agents were CBRE's Daniel Dragicevich and Ben McDonald.
In Wagga Wagga, the Home Hotel at 142 Fitzmaurice Street changed hands for $2.7 million.
The sale includes a commercial building next door that has a commercial kitchen on two blocks totalling 1827 sqm.
The pub has a front bar, a TAB and gaming room, a band room and function rooms. There is a Chinese restaurant sub-lease on site.
The selling agents were Ray White's Blake Edwards and Xavier Plunkett.
Meanwhile, a pub and retail property on the Gold Coast has fetched $4.55 million at auction.
The Merrimac Tavern, at 10-16 Merrilaine Crescent, is a 3,548 sqm property.
The property returns a net annual income of $347,629, anchored by three leases until 2026 with options.
Ray White's Michael Willems sold the property for a private owner.
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Redcape's All Seasons Bendigo hotel sells for $24 million amid flurry of regional deals

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Historic Ravenswood Run Homestead – considered the birthplace of Bendigo – is for sale. The property offers 23 bedrooms and 18 bathrooms.
The 14-hectare estate, which once had its own train station, <a href="https://www.realcommercial.com.au/property-hotel+leisure-vic-ravenswood-502589790" target="_blank">has $3.6 million plus hopes</a>.
Ravenswood Homestead was built in the late 1850s on the former sheep station known as the Mount Alexander North Run, which covered about 47,753 hectares.
It was around Bendigo’s first gold find.
<img class="size-full wp-image-47302 aligncenter" src="https://www.commercialrealestate.com.au/news/wp-content/uploads/2017/10/ravenswood1.jpg" alt="The property has been operating as guest accommodation since the 1980s. Photo: Supplied" width="797" height="596">
The pre-Georgian property first began operating as guest accommodation in the 1980s.
The estate at 4912 Calder Highway includes eight servant’s quarters, a dining room capable of seating 48, a breakfast room, cellar and gym.
<img class="size-full wp-image-47305 aligncenter" src="https://www.commercialrealestate.com.au/news/wp-content/uploads/2017/10/ravenswood4.jpg" alt="The dining room can sit up to 48. Photo: Supplied" width="802" height="532">
It is being sold with a redevelopment permit through McKean McGregor Real Estate’s Nick Hall.
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Ravenswood Run Homestead, birthplace of Bendigo, up for sale

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The Bendigo residential market has seen consistent growth over the past 12 months, according to the valuation firm, Herron Todd White.
Bendigo's growth comes with increasing government support for first home buyers in regional areas.
"This increase in funding has seen a lift in new home construction rates in the Bendigo area particularly in the new estates around Epsom, Marong and Huntly," HTW noted.
With property prices rising in the capital cities, regional centres such as Bendigo offer first home buyers an opportunity to live in a new home within 20 minutes of a CBD for less than half a million dollars.
For homes under $350,000 in value, rental rates are only marginally cheaper than paying a mortgage.
A two-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-bendigo-125275950" target="_blank">2/10 Larritt Street</a> (picture above) sold for $292,500 recently.
Another two-bedroom house at 7/83-87 Arnold Street (below) changed hands recently for $338,000.
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HTW noted with the Calder Highway and V-line trains connecting Bendigo to Melbourne within two hours of travel, "Bendigo is far from isolated." 
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Bendigo attracting first home buyers

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The Schaller Studio has been officially rebranded as a Quest property, set to be called the Quest Schaller Hotel Bendigo.
Located at the corner of Lucan and Bayne Street, the property comprises 120 hotel rooms, an onsite gym, meeting room facilities and landscaped gardens.
Schaller artwork features in every hotel room.
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Quest CEO, Zed Sanjana was pleased to formally announce this addition to the Quest Apartment Hotels group, highlighting Quest’s firm belief in the strength of Bendigo’s economy.
“With two Quest properties already operating in Bendigo, the addition of Quest Schaller Hotel Bendigo further exemplifies the robust confidence we have for growth in the area. With this addition to the network, Quest will effectively own the premium accommodation segment in Bendigo.
"Furthermore, with ongoing infrastructure development in the area, Quest’s three unique properties are well placed to cater to increased business and leisure travellers to the City of Greater Bendigo,” Mr Sanjana said.
Franchisees, Rohit Sharma and Ashish Kapoor, who are also the franchisees of Quest Bendigo and Quest Bendigo Central, expressed their excitement about adding a very different style property to Quest’s Bendigo portfolio.
“Quest Schaller Hotel Bendigo offers hotel room accommodation, as opposed to Quest’s traditional accommodation offering of fully self-contained serviced apartments. The property has an on-site restaurant and bar facility, providing an additional point of difference compared to the two established Quest Apartment Hotel properties in Bendigo.
"We believe that Quest Schaller Hotel Bendigo will be a complimentary addition to the other Quest properties in Bendigo, as it will provide an alternate accommodation solution for Quest’s transient, leisure and short-stay guests,” Mr Kapoor said.
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The Schaller Studio officially rebranded as Quest property in Bendigo

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For the first time in more than 30 years, one of Bendigo’s premier historic homes is on the market.
Newington, on Barnard Street in Bendigo, has been listed by Barry Plant Bendigo.
The property was built in the late 1860s by stonemason, James Brierly, who is best known for building Bendigo’s oldest building, Specimen Cottage.
Alterations carried out in the late 1890s are believed to be the work of local architect, William Beebe, including the beautiful cast-iron trimmed front façade.
The building now has a number of modern conveniences including automated smart home technology, programmable hydronic floor and skirting board heating and top of the range appliances.
“Newington is testament to the stunning architecture of old Bendigo," Bill Williams, at Barry Plant Bendigo said.
Situated on 600 square metres with rear access from Rosalind Street, the property will be sold via tender concluding June 12.
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