John Gibson is joined by prominent business identity, John Quayle

Episode 9 of Talking Real Estate, John is joined by John Quayle!

Ron Jones was for two decades one of the most powerful men in Sydney football and in the booming licensed club industry. Jones gave John Quayle an opportunity to start at the all new Eastern Suburbs Leagues Club, an opportunity Quayle grabbed with both hands. Very interestingly, the Eastern Suburbs Football Club also went guarantor on John and Diane’s first home purchase.

Check out the 2 minute clip below…

To listen to the full podcast click here.

Lease incentives: There is no better time to negotiate a good commercial office incentive. Lease incentives are common within the commercial property space. Incentives are used by Landlords to encourage a Tenant to commit to a lease. In most parts of the country, lease incentives are at an all time high, especially in the office space sector. Now is as good a time as any to review or renew your current lease.
Focus on the long term: One of the biggest factors to remember as we begin 2023 is to focus on the long term and try not to get caught up in media noise. Eventually, inflation will be controlled, and interest rates will plateau. Buyers and sellers will regain confidence and a new property cycle will begin. Until then, focus on the long term.
Capital growth is key: This is where the real money is made on property. Cash flow is an important factor, especially with rising interest rates and holding costs. However, whichever way you dice it capital growth is what you want at the end of the day. Key is to focus on the right areas and assets that have the fundamentals for future growth.
Immigration will play a roll: Some of the rural areas that have had the highest and quickest growth are now having the fastest declines. In my opinion stick to blue chip areas in capital cities like Sydney, Melbourne, and Brisbane for long term growth
Best of the best: Buying a property is easy but buying an investment calibre property that will attract maximum returns and high growth potential in most cases is more difficult to find.
First home buyers: As of January 16 2023, first home buyers who are looking to spend under $1.5 million on their first home can now opt to pay an annual land tax as opposed to upfront stamp duty.
Cordell Construction Cost Index (CCCI): CoreLogic’s CCCI ended the year at a new high, climbing 11.9% over the 2022 calendar year, the largest annual increase on record, excluding the period impacted by the introduction of the GST.

Commercial Tenant Represenation

Sydney, NSW

Summary:
We were engaged by our client to search the office leasing market in Sydney CBD for opportunities to secure an A grade office to lease in a prime location. The business we represented required a modern functional office that had a good look and feel, natural light, close to train station, cafes, parks and restaurants.

Key Points:
After a detailed search and many inspections we were able to secure a property in a central position. The bonus of this office was that it was fully fitted out by the owners and the design layout was near perfect. This was very attractive to our clients as they were conscious that fit out costs had skyrocketed due to inflationary pressures. In addition to this we were able to negotiate an additional incentive by way of a rent deduction. Our clients could simply walk in and start operating.

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 pexpertise without your involvement. Much appreciated.” – D MCCloud