Demand for Office Space on the Improve

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Office-development

AN ARTICLE in the Weekend Financial Review (Page 39) opened with … “Macquarrie Group, a bellwether for the strength of the office leasing market, is expanding.”

And this clearly accords with a recent report released by BIS Shrapnel, which confirmed the Office recovery would be stronger in “service and trade exposed markets like Sydney and Melbourne, but weaker in the mining-based markets such as Perth and Brisbane.” [Read more…]

Commercial Property and Interest Rates

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Commercial Property + Interest Rates

THE RBA RECENTLY confirmed a neutral bias, when it announced its latest decision to keep the official interest rate on hold.

Inflation appears to be relatively steady — and still well within the RBA’s stated band for comfort.

Furthermore, the feedback from the Residential market is that house prices in Sydney and Melbourne now appear to be levelling out.

The RBA was keen to see the Residential market slow somewhat. However, if that doesn’t remain the case, it may need to look to increase in interest rates. [Read more…]

Raise Commercial Property Cash Flows Now, or Later

mid-adult couple meeting with financial planner

THE AUSTRALIAN Taxation Office (ATO) allows you, as a Commercial property owner, to choose between two methods of claiming depreciation on the fixtures and fittings within your investment properties.

These are the Diminishing Value and the Prime Cost methods of depreciation. [Read more…]

Commercial Property Loans For Pro Investors: Part 2

Commercial-Property-2

LAST WEEK, I covered the reasons why it can be very difficult for asset-rich investors (who are no longer working or have scaled down their working) to get a loan.

Thankfully to date, the NCCP regulations do not apply to loans acquired for a commercial and business use.

Therefore, you have more options for investing using commercial borrowing, then you do for residential borrowing. The following tips will help you maintain your eligibility to borrow for longer, after stopping work. [Read more…]

More on Commercial Refurb: 4 Steps to Ensure Success

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IN PART 1, we covered the first two Steps required to make sure your refurbishment project is tailored to the building and to make sure it comes in on budget.

This article will now explore the next two things you need to fully address, to ensure your refurbishments are a success. [Read more…]

Residential and Commercial Property Cycles

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Investment-Cycles

WHERE ARE WE right now? And what actually determines the Cycles for each sector?

As it happens, most people believe every sector is quickly affected by interest rate movements. Whereas, that’s not strictly true.

And where interest rates do have an effect … the actual timing of that also varies. [Read more…]

Commercial Refurbishments: 4 Steps to Ensure Success

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WHEN IT COMES to Commercial property refurbishments, it pays to take a close look at the existing building and give the clients more than they are expecting: more insight, more information and better value.

This article covers the first two (of four) key steps, which will make sure that your refurbishment goes smoothly. [Read more…]

More About Consent for Lease Assignments

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IN PART1, we considered assignment in the context of where the lease prohibits assignment absolutely or where the tenant cannot assign without the landlord’s consent (to be withheld in its absolute discretion).

This article considers assignment when the landlord cannot unreasonably withhold its consent. [Read more…]

Don’t Get Caught Out By This Unfortunate Tax Anomaly!

Tax-Anomoly

THERE IS A VERY poorly thought out anomaly in our tax system.

It affects families (in the main), retirees (call it a death tax) and other taxpayers alike — especially the NOT self-employed. [Read more…]

Landlord’s Consent for a Lease Assignment

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AS A COMMERCIAL PROPERTY landlord you have certain rights.

However, your ability to refuse consent to a lease assignment will depend on several factors.

[Read more…]

Buying Off The Plan: Developer and Sales Team Communication

Better-Communication

WHEN INVESTORS or owner occupiers purchase off the plan, they can often feel left in the dark throughout the construction process.

Clearly, it is important to keep your buyers informed, updated and as happy as possible… because the reputation of the Builder and Developer is what people remember.

At the same time, the project team can (and should) assist in providing some of the communication. [Read more…]