AS INDUSTRIAL land becomes scarce and more expensive, you will begin to see more multi-story warehouses emerge.
The first such major project is about to start in Revesby, in Sydney’s west. [Read more…]
Capital City Office Markets
31 July, 2019 by Leave a Comment
THE CBD VACANCY rate for Sydney currently sits at 4.1%. And for Melbourne, it’s now at 3.8%.
As you would expect, overseas events have caused some hesitancy in the market. And the Sydney CBD can be rather sensitive to the global economy.
That said, recent reports show local business confidence growing – with stability appearing to return, after the recent election. [Read more…]
Likely Impact of the US/China Trade War on Property
5 June, 2019 by Leave a Comment
ACCORDING TO JP MORGAN, the expected trade war should only shave about 0.07% off Australia’s GDP over the next couple of years. [Read more…]
The Pendulum Has Swung
22 May, 2019 by 2 Comments
WHAT AN AMAZING election result … although, I had always felt it would be a lot closer than everyone thought. Now many people are now asking how the pollsters could have got it so wrong?
In actual fact, they weren’t that far out. Rather, it was more a heavy bias in media coverage which fanned the Labor fever.
So, How DID the Coalition Manage to Win?
A Quick Snapshot of the Commercial Property Market
10 April, 2019 by Leave a Comment
RECENT RESEARCH conducted by CBRE has confirmed that investors preferred Melbourne over the other capital cities – based upon the strong fundamentals driving rental growth. [Read more…]
Australian CBD Office Market
27 February, 2019 by Leave a Comment
THE PROPERTY COUNCIL of Australia recently released their Office Market Report for the six months ending January 2019.
Both the Sydney and Melbourne markets have been the strong performers. Although, most capital cities have also seen an improvement in their vacancy rates. [Read more…]
The Pillars for Commercial Property Success
30 January, 2019 by Leave a Comment
AS YOU WILL APPRECIATE, there is a fair amount of information you need to know about Commercial property. Although fundamentally, all that rests upon just six Pillars.
Once you understand that, everything else starts to make a lot more sense.
So, let’s perhaps take a few moments to briefly explore those Pillars. [Read more…]
Where in the Cycle are the CBD Office Markets?
26 September, 2018 by Leave a Comment
EVERY INVESTOR would like to be in a position to pick the top and bottom of each Cycle, when it comes to commercial property.
And if you had followed things closely during last century, you would know forecasting this used to be relatively straightforward – with all the various Office markets following a fairly predictable sequence, as shown below. [Read more…]
Capital City Office Markets Around Australia
29 August, 2018 by Leave a Comment
AS I EXPLAIN to my Mentor group, there is a certain rule of thumb for Office market vacancies around Australia.
And it’s really quite simple: For an office market to be “in balance” you really need to have a vacancy rate of between 6% to 8%.
It’s a bit like the unemployment rate. You see … a 5% unemployment rate – effectively means FULL employment – because anything lower than this … is starting to put pressure on wages. [Read more…]
Super Funds Are Dominating Commercial Property
18 July, 2018 by Leave a Comment
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DID YOU KNOW super fund members are some of the biggest landlords in our capital cities?
They own a share of offices, hotels, warehouses and shopping centres. The more cash in super funds, the more properties are bought – indirectly exposing fund members even to some of the most iconic office towers in capital cities. [Read more…]
Previously Hidden Markets Are Starting to Emerge
20 June, 2018 by Leave a Comment
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A RECENT SURVEY conducted by CBRE has revealed growing investor demand for industrial property – at the expense of the retail sector.
This would appear to be mainly driven by the increasing need for warehouse space by online retailers – and in particular, Amazon. [Read more…]
