Property Insights from our Industry Leader Insights from John Gibson

Episode 22 of Talking Real Estate with John Gibson

Join Locate Negotiate’s Managing Director, John Gibson, and co-host Mark Warren as they delve into Real Estate discussions. John shares insights on the Western Sydney Airport Aerotropolis, Land Banking, and international markets like the US, Russia, and China. Back on local shores, the real estate market defies predictions with lower listings. Gibson discusses the looming ‘mortgage cliff’ and the return to office spaces in this new climate.

Check out the snippet below where John gives his insights for potential property growth with a number of factors to consider including cost of living, employment figures, immigration, and interest rates.

To listen to the full podcast click here.

What’s happening in the market place:

Australia’s real estate market remains astonishingly resistant to conventional predictions. Commonwealth Bank (CBA), the largest home lender in the nation, has revised its house price predictions to align with the optimistic outlook shared by other major banks.

In August, the National Housing Markets continued their upward trend, as reported by My Housing Market. The median house price in the national capital cities saw a 0.7% increase during the month. This marks the seventh consecutive monthly rise in national house prices.

Warehouses spanning multiple levels, complete with truck ramps and docks on various floors, have been a fixture in land-constrained regions like Singapore, Hong Kong, and Japan for many decades. However, it’s only in the past five years or so that this concept has gained traction in Australia.

According to a recent report, Sydney alone currently has nearly 40 multistorey warehouses in the planning or construction phase. This trend is being propelled by a combination of factors, including land affordability and shifts in consumer behaviour.

Home ownership in the US rose exponentially in late 2022. First home buyers made up 26% of the market. US-Fixed 30-year mortgage rates -have kept supply low. As a result, most people are hesitant to sell as they will face a substantial rate difference if they take on a new loan.

We’re here to help. Whether you have a small or large property-related matter that requires assistance, we are well-equipped to help. With experience spanning various property genres and expertise in diverse property-related areas, we are your go-to resource for advice and guidance. We’re here to support you in your property needs. Feel free to reach out to us today.

Do you require assistance with a property related matter?

Email John at
john@locatenegotiate.com.au
or call 0414 332 233.

Buyer’s Agent

Woollahra Residential Property

Successfully secured this freestanding Edwardian home at Auction for our client.

Emu Plains Commercial Property

Sourced and secured this industrial warehouse for our investment client

Tenant Representation

Sunshine VIC Commercial property

Negotiated lease terms for our national retail client for their first permanent clearance warehouse.

Seller’s (Vendor) Advocacy

West Pennant Hills Residential Property

Managed the sales process for our client, including a refurbishment.

Client testimonial – Buyers Agent Service

“With John’s experience and expertise, we found our family home in Paddington. After refining our criteria and exploring off-market, hidden gems in unexpected places, John skilfully negotiated a challenging deal, securing favourable terms. His dedication and market insights made our home-buying journey seamless. We’re thrilled with our new home and wouldn’t hesitate to enlist John’s services again. Thanks, John!” ~ N. Williams

Looking for a seamless home-buying experience? Look no further! Check out our Buyers Agent services HERE.