Brad Fittler NSW Blues Coach Joins John Gibson

Freddy purchased land at a new Estate back in the 90’s called Glenmore Park! John Gibson asks with his contacts and professional advice what kind of due diligence went into Fittler’s property strategy.

To listen to the full podcast click here.

Observations

Investors are looking at industrial now as a safer option. They’re channelling their money into industrial assets more than office and retail currently.
It is difficult to ignore the good press surrounding Newcastle as a place to invest and this is especially accurate when it comes to the industrial property market.
Early on, residential real estate sales and rentals were expected to struggle, yet most markets are now seeing extraordinary demand from buyers and tenants in Sydney.
The housing market continues to perform strong across the board!
Sydney Auction clearance rates in the range of 90%. Sydney property price rose 0.6% in the last week.

Benefits of using a professional Buyer’s Agent

Where: St George Area

We recently worked with a client who had an ageing block of apartments. After working with our team, our client was happy with the $2 million increase in the estimated value of the property with minimal costs.

The Brief

The Brief was simple: investigate possible improvement options for the property. With our experience, we could identify unrealised potential and we advised our client to consider converting the property to strata title apartments and adding additional apartments to the existing structure.

Discovery Phase

Using the services of an independent Town Planner, Structural Engineer, Surveyor and Architect, we established that the property could be strata titled and code compliant stories could be added to the existing building (subject to development approval). This meant (if approved) that the property’s value would increase dramatically with minimal expenditure.

Outcome

Six months earlier, the managing agent appraised the property at $2.5 million with no consideration given to the property’s potential. By investigating and getting experienced professionals involved, we estimated that the property will be worth circa $4 to $4.5million if development approval is granted.

Engaging the right people

Successful property investors know that it’s vital to surround themselves with talented people who can help them make an informed decision and maximise investment returns. At Locate Negotiate, we are there to help our clients realise the potential of their property investment

Testimonial:

“Thank you, John, for your independent advice and experience in reviewing our portfolio, which was a mix of residential and commercial property. Your in-depth knowledge of the market was extremely helpful in determining what to retain and what properties to off-load in our portfolio. There is no way we would have obtained the level of thought and expertise without your involvement. Much appreciated! – D McCloud (Area: Sydney Metro & Wollongong)