Building Your Team of
Trusted Expert Consultants

Building your Consulting TeamAS YOU know, Property Edge Australia is there to help you in identifying and negotiating the actual purchase of your next Commercial property.

However, you still require certain other key consultants, in order to make every deal really work for you.

And those consultants need to be thoroughly trustworthy.

As you can appreciate, I have had the opportunity to work with a quite number of consultants, over the past 40 years. And I’ve quietly put together a close team of those ones, who have really gone out of their way to look after my Clients’ best interests.

Over the next week or so, I will reveal to you who these Consultants actually are — in the vital areas of:

  • Covering the Legal Issues;
  • Financing the Deal; and
  • Claiming your Full Tax Benefits.

Anyway, let’s make a start on the first one today. [Read more…]

CBD Offices Can Expect Solid Growth

What a difference a year can make to Office markets around Australia.

Twelve months ago, the rest of the world was anticipating double-dip recession.

And white-collar employment was looking rather fragile here in Australia — particularly for Sydney, with its high exposure to the finance industry.

Even so, Melbourne’s office leasing market remained strong throughout all of last year.
[Read more…]

Office Leasing the Stand-out Performer

OfficeTake-up
Office leasing activity picked up in most capital cities around Australia, over the past year. In some instances, quite significantly.

And with the supply side basically “on hold”, you should soon start to see this translate into some solid rental increases.
[Read more…]

“Capture Your Firm’s Full Value”

Last week, we talked about what you could be missing out on … when you find the need to move.

Whenever you decide to relocate to new Headquarters, what are the key things you are seeking to achieve? [Read more…]

CBD Offices on the Move

Westpac has just released an Australia-wide outlook for Commercial property. And it predicts you will start to see growth in rents and values during 2010-11.

Two Cities

Two Cities

As employment numbers grow with the improved economy, demand for Office space will also take off again.
[Read more…]

What about the Baby-Boomer Effect?

Yesterday, the Federal government released Australia’s third Inter-generational Report.

And about five years ago, I came out with a somewhat startling statement:

“If you haven’t sold your traditional family home by 2010-11 … you had better be prepared to hold it until 2025 — because there simply won’t be a market for it!”

Chatswood ... Sydney

Chatswood … Sydney

And given the recent surge in home sales (particularly in Sydney and Melbourne) over the past 6 months … you would be excused for thinking my prediction might be way off the mark. [Read more…]

State of the Commercial Market?

CBD Office Vacancies

CBD Office Vacancies


As you would expect, the financial turmoil worldwide has had a significant effect on most property markets. However, the effect has not been the same across the board.

The current state of the various CBD office markets is probably your best barometer of future activity for two reasons. First, the Property Council of Australia (PCA) conducts six-monthly surveys to establish the CBD vacancy rates right around Australia.
[Read more…]

The “Fund Gap” Threatens …
Higher-Priced Commercial Property

Earlier this year, you read about a funding crisis pending for Property Trusts and Institutional buyers. And this is not helped by the RuddBank failing to materialise.

With a surge in the Share Market since March, several recent capital raisings have helped some of these larger property owners.

However, with the latest hiccup in Share Market confidence, you’re unlikely to see much more capital raised in this way.

Capital Gap

Capital Gap

As such, Quadrant Real Estate Advisors have concerns with the high debt levels for these owners of Investment-grade property.

As you can appreciate, the financiers are proving to be rather difficult.

Therefore, over the next two years, you could see a gap of up to $30 billion emerge, between properly valuations and what bank are prepared to fund.

But these problems seem to relate mostly to commercial properties worth more than $20 million.

Because, for properties less than $10 million … the market appears conservatively geared, and is experiencing strong demand — especially for properties in Melbourne, priced under $5 million.

So it is somewhat a two-tiered market … with a number of good opportunities starting to emerge.

Looking into the Future for CBD Offices

An earlier post outlined my view on how the various CBD Office Markets would perform around Australia.

Future CBD Office Vacancies

Future CBD Office Vacancies


And a report by the ANZ Bank (in yesterday’s Financial Review) pretty much confirmed that previous advice.

Interestingly, their take on the level of vacancies is that it will not reach anything as bad as the 1990s.

But Perth, Brisbane and Sydney will be the most affected … and slowest to recover.

You May be a Doubter … But I say: “Yes, we can!”

The Weekend Financial Review ran several articles, which seemed to echo many of the sentiments contained in my last blog about the Capital City Markets — but perhaps putting things a little more bluntly.

h3. Brisbane

Qeensland DebtMark Ludlow (on page 2) referred to Queensland as having moved from “boom state to gloom state” — because of its heavy reliance on resources. [Read more…]

Which Australian Office Markets are in Trouble?

Queensland seems to have been hardest hit. And in particular the Gold Coast, where vacancy levels have soared to around 18%.

But the difficulties confronting Queensland (and fellow mining State WA) are not necessarily reflected Australia-wide.
[Read more…]