The deal boosts the number of rental properties managed by Jellis Craig’s award-winning property management team to just under 2,500 and contributes to the growth of its property sales division.
Commenting on the sale which was completed earlier this month, Jellis Craig director Renee Reynolds said she was excited to be able to offer the services of the company’s dedicated property management team to Hayden Geelong clients.
A property management specialist with 26 years’ experience, she said the Jellis Craig team offered essential advice to property investors, ensuring their properties met minimum standards, stayed compliant with current legislation, and maintained their value through access to a trusted network of local trade services.
Ms Reynolds said there had been a tangible lift in investor activity and confidence in the region’s property market in recent months, and cuts in interest rates would boost it further.
“Our region remains affordable when looking at investment returns and capital growth,” she said.
PropTrack’s latest figures reveal Greater Geelong’s median sale price for houses is $880k and $615k for units.
Rental yields are sitting at 3.5 per cent and 4.7 per cent, respectively.
Six of the Hayden Geelong team have joined the Jellis Craig property management department bringing it to a total of 23 staff.
“We’re excited to showcase our property management expertise and ensure we are maximising our new clients’ property returns,” Ms Reynolds said.
“With the expansion, we will be focusing on continuing to upskill and have the most experienced staff providing education and specialist advice to landlords across Geelong,”
Jellis Craig Geelong, a leader in the local property market, operates across Greater Geelong, including the Surf Coast and Bellarine Peninsula.
