Talking Real Estate with John Gibson and Luke Ricketson

Episode 12 of Talking Real Estate, John is joined by Luke Ricketson!

Luke Ricketson talks about ‘now or never moments’ once experiencing the business world post Rugby League, suffice to say building an impressive CV along the way.

From the outside looking in, it’s now easy to see that Ricketson was always going to be a businessman of note, a business degree built on experience

He has now launched Ricketson Insurance and keeps it simple and effective saying “focus is on honesty, integrity and relationships and the business will follow”.

To listen to the full podcast click here.

The country’s two largest markets – Sydney and Melbourne – appear to have stabilised after a long run of strong price growth.

It’s clear the rate of price growth has moderated overall, and this is attributable to several considerations facing potential buyers:

The probability of interest rate increases after the federal election
Inflationary pressures – increasing fuel prices are compounding the effect of price rises due to existing and persistent supply chain issues
International political instability – the direct impact of the war
Impact of extreme weather events and flooding

My tip for the areas to watch for future growth…

Aerotropolis (Southwest Sydney) and surrounding suburbs which is undergoing gentrification, development, and rezoning. The infrastructure supporting the airport is expected to bring a job bonanza for the area.

There are still suburbs within 20-30 minutes drive to the second airport that will provide affordability, variety, value for money and great investment opportunities in my opinion. These include:

Liverpool
Campbelltown
Glenmoore Park
Jordan Springs

Source: Herron Todd White

Commercial Tenant Representation

Brief:

As the entrusted tenant representative of a large, national company Locate Negotiate was directed to act on their behalf in their commercial lease negotiations in South-Western Sydney. Discussions were around a Stay vs Go analysis. Locate Negotiate engaged the wider Sydney market to investigate suitable options in the marketplace.

Our Client required premises that consolidated and amalgamated their operations in a centrally located industrial warehouse that would offer expansion, potential and flexibility for future growth. Entrusted to deliver on these requirements, Locate Negotiate utilised our contacts and knowledge of the Sydney market to highlight existing properties and off-market opportunities that facilitated their requirements.

Outcome:

Locate Negotiates market search provided our client with a shortlist of potential properties. On final selection and at the conclusion of all negotiations, our client opted to amalgamate operations and Go to a newly built facility in the Hills District. Locate Negotiate effectively negotiated a lower rental rate than other sites they were originally located in and ensured future rights of expansion for our client.

Benefit to the Client:

Negotiated favourable terms and rent
Negotiated incentives better than industry average for the area
Was able to find and secure an off-market opportunity
Locate Negotiate undertook all the search due-diligence and reporting allowing the client to concentrate on their own business.