Quick Facts
- In Victoria, Apartments located within the city are offering good investment returns due to limited supply because of the rise in popularity of AirBnB.
- Blacktown 54% median value for dwellings is up over the past five years.
- Sydney Industrial: Vacancy rates have tightened as e-commerce drives demand and speculative building is absorbed. Vacancy rates have fallen to 2%.
- The median house price in Cronulla dropped from $2.294 million in January 2018 to $2.2 million in October 2018.
- The most sought-after location within Ballina Shire is Lennox Head with a median house price of $930,000 and a median unit price of $732,500.
Buying Services
Client: T Matthews
Brief: Secure Investment property in the eastern suburbs
Key Points:
- Able to rent out ‘as is’ but also had the potential to renovate and add value
- Required only cosmetic work that wasn’t too onerous or expensive
- Potential high growth area for the future
We conducted 15 physical inspections after shortlisting around 4 properties. After discussions with our client we made offers on 3 properties simultaneously.
Outcome:
We obtained an agreed price and secured a property in Bondi well below the expected price. We negotiated an extended settlement and access (pre-settlement) to permit our client to carry out minor cosmetic changes between exchange and settlement.
Tenant Representation Services
Client
Building Supplies Company
Brief
New warehouse premise sought for lease within South East corridor of Sydney.
Key Points
- Time pressures to secure new premises prior to expiry of lease of existing facility
- Specific need for premises within a limited geographical area
Outcome
We identified an off-market modern warehouse premises, totalling some 2780 sqm. We negotiated the terms successfully including a 15% incentive and occupation of premises was within client’s time frames.
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If you have a query or would like to know how we can assist you, please contact us today.