John Gibson & Ryan Cross on Thriving in Property

Talking Real Estate with John Gibson & Ryan Cross

Our special guest on Talking Real Estate with John Gibson is professional athlete turned businessman Ryan Cross. From representing the Wallabies, Grand Final glory with the Sydney Roosters to tackling the complexities of commercial real estate, Ryan shares his inspiring journey from sport to commercial real estate.

John Gibson, our property leader, also delivers his market wrap, covering Western Australia’s performance, cooling auction clearance rates, and whether we’re heading toward a buyers’ market. Plus, his expert take on interest rates and investment opportunities.

Check out the snippet below and tune in for Ryan’s story and John’s expert insights.

Listen to the full podcast here.

What’s Shaping the Property Market

Market Trends:
Property values across Australia continue to rise, albeit at a slower pace compared to earlier this year. The buyer pool has slightly declined in recent months, offering better opportunities for those looking to enter the market. If interest rates start to decrease next year, it could further stimulate market activity.

Dwelling Prices:
Australian capital city dwelling prices increased by 0.2% over the past month and are now 5.9% higher than this time last year.

Housing Supply Challenges:
The undersupply of housing remains a persistent issue, with experts agreeing that current construction levels fall far short of meeting demand. This situation is unlikely to improve significantly in the near term.

Retail Sector Insights:
Opportunities for entry-level retail property investors remain limited due to slow or negative growth in the retail sector, driven by rising costs and increased mortgage repayments resulting from higher interest rates.

The Australian Dream:
Property ownership is a cornerstone of Australian culture, often seen as an essential milestone in life. However, the dream of homeownership is becoming increasingly elusive for first-home buyers due to affordability challenges and a severe lack of available housing stock.

Industrial Market Update:
Sydney’s industrial leasing vacancy rate has risen to 2.1%, driven by a surge in new supply and increased sublease availability. While vacancy levels remain near historic lows, the increase offers tenants greater choice across the market.

Auction Clearance Rates:
Sydney’s clearance rate rose to 69.3% from 1,487 auctions, while Melbourne recorded a clearance rate of 61.7% from 1,452 auctions.

Buyer’s Agent

Caringbah Duplex

Potts Point Apartment

Sellers Advocacy

Tamarama Semi

Tenant Representation

Sydney Office Lease Negotiation

Sellers (Vendor) Advocacy

16 Greenhills Street, Croydon

We were engaged by a family to oversee the sale of their long-held family home. Our role was to guide them through the process, ensuring the property was presented in its best possible condition.

We made strategic recommendations for both internal and external upgrades, preparing the property for sale. Given the emotional significance of the sale, the family entrusted us with the responsibility of achieving a successful outcome.

Key Points:

Agent Selection: We carefully vetted established real estate agents to identify the best candidate to represent the property.
Agent Appointment & Oversight: After appointing an agent, we oversaw the entire sales process on behalf of our clients.
Property Presentation: We recommended external and internal upgrades, ensuring the property was in top shape for sale.
Effective Communication: We maintained constant communication with the selling agent, ensuring the sales campaign was well-executed and responsive to the market.
Ongoing Updates: The family was kept informed every step of the way throughout the process. We kept the agent accountable every step of the way.
Auction Success: The property attracted significant interest, resulting in multiple bidders at the auction. We want to ensure the agent is working the floor!
Sales Outcome: Our careful management helped towards achieving a great sales result—maximising the property’s value.
Stress Reduction: We took the pressure off the family during this emotional time, ensuring they felt supported and confident in the process.

Testimonial

“John and his team take ALL the stress out of selling your home. Their knowledge and expertise of the local real estate market is second to none. Most importantly I found John to be honest and reliable.

After having to sell my parents home to put them in residential care, we were referred to John and couldn’t have had better advice.

No dealing with Real Estate agents (a bonus for me!) and completely free! 5-Star service all the way. ”

– D. Blandford