You would have been reading the reports lately about improved consumer sentiment; and retail sales certainly do seem to be on the improve.
But as you look around Australia; there has also been an incredible amount of new retail space come onto the market.
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Late last week, I was given advance notice of a soon-to-be-finalised tenancy, on a 4-year lease — for a brand-new commercial building.
You’re looking at $644,000 as an asking price. However, I’m sure we can do a bit better than that.
So, if you think this would fit within your portfolio … “let me know”:mailto:[email protected], and I can then provide you with some more details.
In its Construction Cost Commentary for January 2007, the Rider Hunt offices report tendering activity continues to surge in most Australian cities, Sydney being the only location bucking the trend. In New Zealand, sustained levels of Building Consents and the coming on-line of some major projects indicate continued high levels of activity in 2007.
What I’ve done is to bring you some extracts from that report, And you’ll notice that Brisbane, Perth and Darwin are currently the strongest markets.
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You would have seen a fair amount of publicity about there being a looming skills shortage. And with the Construction industry, it still remains a dominant concern.
However, a recent survey conducted by Davis Langdon suggests there is a “glimmer of hope, with varying degrees of easing recorded across all trades.”
[Read more…]
As you have probably gathered, the demand for Commercial Property last year was strong.
In a recent article in the Financial Review, a report by CB Richard Ellis calculated that a record of $14 billion worth of Office, Retail, Industrial and Hotel property changed hands in Australia in 2006.
The accompanying table will give you a comparative summary of sales activity over the past 10 years.
[Read more…]
By now you are probably winding down, and getting ready for a well-earned Christmas break.
As you’re aware, the purpose of the postings on this site is to give you quick updates on events affecting you as a Commercial property investor.
However, our regular eBulletins are still designed to give you a more in-depth analysis of Market trends — but on a quarterly basis.
The current eBulletin takes a look at where you are in the Property Cycle; and what it is you need to consider.
You can now go to our main website for the complete picture.
“Will there be another Crash?”:https://www.gal.com.au/FREE-eBulletins/Current-eBulletins/Thinking-Ahead-3.html
“If there is to be a Crash … When?”:https://www.gal.com.au/FREE-eBulletins/Current-eBulletins/Thinking-Ahead-3.html#when
“How widespread will the Crash be?”:https://www.gal.com.au/FREE-eBulletins/Current-eBulletins/Thinking-Ahead-3.html#spread
You have seen strong growth and investor activity over the past 12 months; but neither of these have been very consistent — whether you look across the nation, or within each of the Commercial sectors.
Let’s take a quick look at each sector; and also consider the likely impact that further interest rate rises may have on your Investment Strategy.
[Read more…]
Having survived the unintended barrage of postings last week, I just thought you needed a short break. Anyway something has now come up, which I thought you might wan to hear about.
About 6 weeks ago, I alerted you to an investment opportunity in the CBD. It was a strata office for around $240,000 with good depreciation benefits.
The interest from our eBulletin subscribers was quite amazing. And, during the ensuing fortnight, we had strong enquiry; plus a number of positive inspections … culminating in a rather quick sale.
As it turns out, I now have something similar close to the CBD.
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A couple of weekends ago, I spoke at a 2-day Seminar in Sydney organised by Wealth Creator Magazine. My session was all about the *Emerging Trends in Commercial Property*.
As a regular subscriber, you are pretty much kept up to date with those trends through the eBulletins you receive — and now, via these regular Updates. However, several people at the seminar showed a keen interest in how you go about successfully structuring an acquisition.
[Read more…]
