Cricketing Legend Stuart Clark Joins John Gibson Talking Real Estate

Episode 4 of Talking Real Estate, John is joined by Stuart Clark!

A throw back to one of our first podcasts. Stuart Clark is educated and articulate as cricket fans well know, he paints pictures with his words on ABC’s cricket coverage, one of summers great joys. His knowledge of property is strong having worked at the coal face. A Master of Commerce he majored in finance, the former General Manager of the Sydney Sixers and former COO of the NSWRL. We talk about Clark’s experience in the property market and an insight to his property strategy. And yes….we talk some cricket as well, remiss not to really!

Check out the 2 minute teaser below…

To listen to the full podcast click here.

Is there light at the end of the tunnel? There has been talk that the housing market across the board is starting to move in the right direction. I would not be surprised if we see the market move back into positive territory early next year, much sooner than anticipated. However, the big question mark is, have we felt the full effects of the interest rate increases? Keep in mind many borrowers will be coming off fixed loans!

Commercial Office Property: The fact is, there is an increasingly differing view in yield expectations between vendors and purchasers because of the increase in interest rates.

Housing loan approvals are falling once again: Housing loan approvals fell 3.4% month on month in August. The banks tight lending criteria is causing headaches for many people who are trying to get pre-approvals. Many people holding mortgages seem to be taking it within their stride after the initial and consequent interest rate hikes.

Global appetite for property: It’s not just Australia that has a fascination with property:

Just 10 countries contain 70% ($141.5tn) of all global commercial and residential value (totaling $200tn). China and the US together make up 42% ($84.8tn) of global property value alone.
Japan, the UK, India, Germany, France, Brazil, Italy, and Russia round off the top 10, between them accounting for 28%, or $56.8tn, of the global real estate asset total.
We have estimated total residential and commercial property worldwide to be worth just over US$200tn (US$200,000,000,000,000). The vast majority of this is residential, accounting for 84%, or $168.5tn.

Source: Savills

Sellers’ Advocacy

25b Nelson Street, Woollahra, NSW

One of Woollahra’s finest homes, with unequal quality, character, and style. We have been appointed to advise and manage our clients go to market strategy, we have secured an Agent, and the property is live. Now the work starts!

4 bedroom, 2.5 bathroom, 474 sqm, premier location.

Click the photo to view a video of the impressive property.

Commercial Buyers’ Agent Services

Balgowlah, NSW

The Brief:
We were engaged to locate a high exposure main road bulky goods site on the Northern Beaches of Sydney. Our client is a high-end national furniture retailer. As part of their expansion plan, the objective was to establish their brand within this key location. We knew from the outset the assignment was going to be challenging. High profile sites are hard to find and property is rarely traded in the area.

Outcome:
We put together a shortlist of properties to target. We made some approaches and we were able to find a highly visible site that attracted over 60,000 vehicle passings daily. The owners were initially resistant to sell, however we persisted, and the owner eventually agreed to sell the property on the right terms. We achieved our objective in a relatively short period of time.

Testimonial:

“Locate Negotiate were great to deal with. They proved to be highly professional and detailed. They educated us on the state of play with the CBD leasing market and provided excellent advice. As a result, we have ended up with an office which is a great fit for our business. Our agreed terms were better than we anticipated. We would highly recommend John and his team.” – Craig Tognolini (Managing Director Easy Payroll Global)