As we approach the second quarter of 2025, it's the perfect time to pause and share some exciting updates from the team here at Century 21 Novocastrian. From award-winning recognition to office changes and technological upgrades, it's been a bustling and rewarding start to the year. We're also closely watching market movements like the recent RBA cash rate changes and how they may affect you as an investor, landlord, buyer or seller.
Let's dive into what's new and noteworthy at C21 Novocastrian this month.
Celebrating Success at the 2025 Century 21 NSW Annual Awards
Saturday 8th March marked a night to remember for our team, as we gathered in Sydney for the C21 NSW Annual Awards 2025. It was a fantastic evening celebrating excellence across the network, and we were thrilled to be recognised for our hard work and dedication.
Double Centurion Office – Property Management
We are incredibly proud to announce that our office took home the Double Centurion Award for Property Management for 2024. This prestigious accolade reflects our unwavering commitment to providing exceptional service to landlords and tenants across Newcastle and Lake Macquarie.
Nicole Hoare – Double Centurion Winner
A huge congratulations to Nicole Hoare, who was also recognised as a Double Centurion Winner for Property Management. Nicole's consistent dedication, care for her clients, and passion for the property industry have set a benchmark for excellence.
It's always an honour to be recognised, but more importantly, it's a reminder that behind every award is a team that shows up every day to do their best. To our landlords, tenants, and partners – thank you for your continued trust and support.
Updated Office Hours and Easter Closure
As part of our efforts to continually improve how we serve our community, we've made a slight adjustment to our office hours.
New Office Hours:
Monday to Friday – 9:00am to 5:00pm
Previously 8:30am to 5:00pm
RBA Cash Rate Cut: What It Means for Investors, Buyers, and Sellers
In February, the Reserve Bank of Australia (RBA) met and made a significant change to the national financial landscape. The cash rate target was reduced by 0.25 percentage points, bringing it down to 4.1 per cent.
What is the cash rate target?
The cash rate is the interest rate the RBA sets to influence how much commercial banks charge each other to borrow money. In turn, this affects:
- Mortgage rates
- Savings account interest
- Investment loan costs
- Credit card interest rates
However, it's worth noting that a change in the cash rate doesn't automatically mean your home loan repayments will change. Each bank or lender decides how much of the change they pass on to customers.
How does this affect you?
- For investors and landlords: A lower cash rate may lead to better borrowing conditions, potentially encouraging portfolio growth or renovations.
- For buyers: This could signal improved affordability if banks reduce lending rates, although property demand may rise in response.
- For sellers: Lower interest rates can increase buyer confidence, potentially boosting property competition and prices.
As always, we recommend reviewing your mortgage with a financial adviser or mortgage broker to see if refinancing could be beneficial in this environment.
Embracing Technology: Welcome to Flk It Over
We're always on the lookout for ways to make our systems more efficient and user-friendly. That's why we're excited to announce that we've moved away from traditional e-signing platforms like DocuSign and HelloSign, and adopted a faster, more intuitive solution – Flk it Over.
Why Flk It Over?
This platform provides a seamless experience for all parties involved in property transactions. Whether you're signing a lease agreement, renewal notice, landlord statement, or management agreement, Flk it Over allows you to:
- Sign documents in just a few clicks
- Access documents easily from your device
- Enjoy a smoother, more transparent process
As the property industry continues to evolve, tools like this ensure we stay ahead of the curve, offering our clients not just great service, but great experiences.
Looking Ahead
Whether you're an investor keeping an eye on interest rates, a landlord benefitting from our award-winning management services, or a tenant navigating seasonal changes, we're here to support you every step of the way. March has been a month of progress and celebration, and we're excited for what the rest of 2025 has in store.
We remain committed to providing excellence across all areas of sales and property management – and we thank you for being part of our journey
If you're searching for a trusted and experienced property management team to help maximise your investment, Century 21 Novocastrian can assist.
If you're seeking expert property management in Newcastle and Lake Macquarie, our dedicated team at Century 21 Newcastle is here to help you maximise your rental returns. For personalised, tailored advice from our investor consultants, click here to book an investment consultation via Calendly.
EMAIL hello@c21newcastle.com.au
PHONE | 02 4943 6333
ADDRESS | 155 Pacific Highway, Charlestown NSW 2290