John Talks Property with Media Personality, Joel Caine

Episode 17 of Talking Real Estate, John is joined by Joel Caine!

A must listen from a brilliant story teller! Joel Caine, media personality and former NRL player, tells his story and takes us on a ride, an emotional and financial roller coaster, as Caine reflects on a business decision through no fault of his own that had him staring at bankruptcy and how Rugby League was a saviour.

Check out the teaser below…

To listen to the full podcast click here.

It’s unclear if interest rates have had an impact in slowing inflation, however the property market seems to have been impacted.
There are buying opportunities if you can get access to funds. Cashed-up astute buyers are now circling looking for opportunities.
The seller’s market vs buyer’s market conundrum. There is a window of opportunity right now to buy into the market and not compete with the masses which will not be around forever. On average, over the last 20 years, downturns have averaged out at 12 months or less.
Residential rentals have increased close to 12% over the last year.
One reason rental demand has increased is on the back of tightening lending restrictions. People who are applying for loans or had the pre-approvals lapse are finding it very challenging dealing with lenders.
Auction clearance rates are up 5% for Sydney which shows there is still an appetite to buy property.
Commercial office leasing activity in Brisbane and Sydney CBD and fringe locations is recovery very slowly. There are big incentives (discounting) on offer currently.

Commercial Purchase

Strata Office, Parramatta NSW

Purchased off-market 185sqm. Negotiated directly with owner.

Commercial Tenant Representation

Negotiated Lease Terms, Sydney CBD

CBD business downsizing to smaller office footprint. Located and negotiated rent and terms for client. 33% incentive negotiated for B grade city office.

Consultancy

Property SMSF Audit Report, Mona Vale NSW

Provided an annual detailed report for client as required by ATO.

Sellers Advocacy

Apartment, Randwick NSW

2 bedroom apartment. Assisted the Power of Attorney with managing the sale process i.e. appointing an agent and overseeing the sales process on their behalf.

Buyer’s Agent Services

Residential Purchase, Moorooka QLD

Townhouse in small complex. Circa 7km from CBD. Investment purchase for client. Purchase price $447,000, rent circa $440 per week. Growth area.

Testimonial:

“I would like to thank Locate Negotiate for their expert help in finding a new property for our growing business in Parramatta. As anyone in business realises time is hard to come by, Locate Negotiate searched for potential properties, undertook the necessary due-diligence, and then negotiated the right price on the property. Locate Negotiate, completely understood my brief, initiated the search without delay, showed great market knowledge and experience. I have no hesitation in recommending Locate Negotiate. – Ron Bourke (Managing Director)

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“I recently used the services of John Gibson, of Locate Negotiate Property Advisors to identify and assist in the negotiation of an investment unit on my behalf. I found John to be knowledgeable, professional, and efficient in delivering his services. He promptly located a suitable property which matched the requirements I had provided. I was completely satisfied with his level of service and advice throughout the process and would recommend John to anyone considering engaging him on a similar project.” – A Crouch