Insider Tips to Help You Discover How to Succeed with Commercial Property
Industrial on the move.
A Knight Frank survey shows around 300,000 sq metres of space was absorbed … bringing the overall vacancy rate down to under 3% for industrial property.
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Retail challenges.
Households still appear to prefer paying down debt, rather than spending — with Australia’s saving level hovering around a record 10.5% of its disposable income.
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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.
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Growth will continue.
Sure, the Australian economy may have grown by only 0.2% in the September quarter. And retail sales might have actually fallen by 1.1% for October.
However, the overwhelming consensus is that this is merely an aberration.
And the underlying growth projections remain very favourable — with the full effect of the mining boom having resumed, due to be felt by mid-2011.
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Savills International has just released a report on the current level of Office supply within the Melbourne CBD.
Melbourne CBD Office Vacancies
The amount of Secondary Office space has also fallen from 108 floors to 89, over the same period.
And underpinning all of this is the level of enquiry, which has jumped by 300% over the last six months.
Just take a look around your capital city CBD. And tell me, how many cranes to currently see on the skyline?
Sydney Skyline
Most people seemed taken by surprise, when the RBA chose to raise the cash rate to 4.75% on Cup Day this week.
However, with Oaks Day being held yesterday, I thought today would be better timing for this post.
Price Pressures
However, with industry facing capacity constraints and the mining boom heading towards previous levels … inflation is poised to accelerate during the December quarter, as wages start to rise.
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Office Vacancy rates around Australia are falling — albeit faster in some capital cities, than others.
The chart below shows you where things currently stand.
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Whenever Investors are confused … the Property Market tends to do nothing and simply moves sideways.
Confusion Reigns
People simply put their buying decisions ‘on hold’. And then, frantically played catch-up over the last 12 months … as soon as they realised things were still okay here in Australia.
Over that period, you have seen most Commercial markets around the country showing good growth — particularly in Melbourne.
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The other day, we took a look at Commercial property cycles, and where the various Australian CBD office markets might sit.
Currently, Melbourne seems to be “leading the pack”. But you might be interested to explore exactly why that is.
Melbourne Office Market
Several pundits are suggesting it could be even lower.
h3. And the reason why?
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WITH EVERY NEGOTIATION, you always need to be thinking on your feet. And here are several simple Tips to help you do just that.
WHEN YOU EMBARK on your journey as a property investor, it can be overwhelming – with a flood of information and diverse opinions. To help simplify the process, here are five essential tips for new (and seasoned) investors.
IT DOES NOT MATTER whether you’re an investor or an owner-occupier, there are several important factors to consider when purchasing a commercial property to ensure you make the right choice.
In a previous article, I shared a handy App to assist you in shortlisting potential properties. If you haven’t already downloaded it, simply click on the HiReturn Filter over on the right, to install it on your tablet or mobile device.
THERE IS A BELIEF among many experts that a surge in the stock market typically precedes a recovery in the commercial property market by about six months. And the start of this year saw equity markets gaining some momentum.
I HAVE BEEN ASKED countless times about the secrets to a successful negotiation. And I want to share with you the key elements to help make your negotiations effective.
But first, just watch this short video to gain a quick understanding of these three essential elements that form the foundation of every negotiation.
If you’re new to investing, you might be wondering if it’s possible to manage your own commercial property. The short answer is “yes”, but only if you know what you’re doing.
It’s important to note that owning a commercial property comes with certain legal responsibilities, particularly when it comes to compliance with Essential Services requirements under current Building Regulations.
The current trends in the business have made it clear that office landlords have to cater to the needs and preferences of their tenants. Building owners and managers (who understand and meet these demands) will be able to command higher rents and reduce vacancy rates.
To expand on this, here are four key tips to help attract quality tenants.
