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…]

This is Not Quite the Stuff of Fairytales …

But for the most of 2008, Australia has basically experienced what you might term a Goldilocks market for Commercial property … “not too hot, and not too cold!

Despite Office, Retail and Industrial being near the top of their cycles … the global turmoil has prevented the usual runaway activity occurring — in most capital Cities.

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Recognise the Investment Opportunities …

Anecdotal evidence suggests that consumers are cutting back on their spending around Australia. And it’s likely that luxury items and overseas travel will be the most affected.

The Flight to ValueA recent article in The Age expounded “The Flight to Value” — where Australian Property Monitors reported a 24% drop in the median price for Toorak Homes, in the 6 months to September.
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Some Answers in These Troubled Times

There are a couple of questions on the minds of Commercial Property Investors at the moment.

And they go something like this.
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Want to Snap Up a Real Bargain?

Because … the Vendor is rather keen to wrap this up, over the next week to 10 days.

Last Friday, the Rouse Street auction ended up being passed in on a “Vendor bid” for $975,000.

The current net rental is $65,500 per annum. And, in the current climate, the Vendor is now extremely realistic on price.

Have a quick look at the property, if you haven’t done so already. And then, give me a call on 0425 791 254.

The Rouse Street Retail Opportunity

Last week, we had a little hiccup with the “advance notice” email I sent out to you. And again, my apologies for that.

The Shop itselfSo far, we have had some good interest in this Port Melbourne property — however, a few people did have a little difficulty, while trying to access some of the legal documents.
[Read more…]

“Hardware Lane warehouse
goes at wholesale price”

67-73 Hardware LaneTHIS IS how The Age (on 9 July) described this recent purchase, which I successfully negotiated for one of my interstate clients.

Managing to reduce a $7.2 million reserve price down to a final figure of $6.4 million … resulted in a saving of almost $1 million.
[Read more…]

So, What is the Market Doing?

With all that has occurred recently as a result of the American Sub-Prime crisis … Property Investors are finding it hard to gauge the current market.

Some are preferring to “sit and wait”. Whereas, others are seeing it as an opportunity to secure a good deal … while the present confusion reigns.

[Read more…]

Retail — Where to from Here?

The Prime Minister’s “freezing” of parliamentary salaries is a clear endorsement of RBA Governor Stevens’ warning to curb our spending.

Last week, I mentioned the impact this could have on retail turnover — with a flow-on effect for growth in rental and sale prices for the Retail sector.
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The Effect of the Rate Rise?

Yesterday’s interest rate increase by The Reserve Bank carries with it some hardship for the outer residential suburbs around Australia.

p=. CPI Figures

Curbing inflation is clearly the RBA’s main aim. And from their additional comments yesterday, we now have confirmation that Australia is effectively seen as being shielded from the turmoil in the US.
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I Did Warn You About this …

You probably saw that the “Full House” notice went up yesterday for the Property Workshop.

But there is provision for you to go onto a Wait List, if you missed out on reserving your seat — because, invariably a few people will drop out between now and March.

PLUS, if you do put yourself on the Wait List BEFORE the end of January … I will still honour the early-bird rate of $797 for a seat.

However, if you wait-list yourself AFTER 30 January … then unfortunately, it will have to be at the full rate of $1,100.

So, make sure you don’t miss out for a second time.