Combustible Cladding And Apartment Sector Is One And The Same … Perhaps
For Property Owners
The Victorian Building Authority (VBA) together with the Department of Environment, Land, Water and Planning is currently in the process of undertaking a statewide audit on behalf of the Victorian Government.
Properties under consideration include apartment complexes, motels and hotels (three storeys and above), buildings where Victorians gather as a large group, such as sporting areas, private schools, private hospitals and aged care facilities (two storeys and above) and government buildings...
A Property Market Correction Could Pose A Significant Risk To Your Self-Managed Superannuation Fund (SMSF) Action Now!!
Elections, changes and where do I stand with my investments, in particular Self-Managed Superannuation Funds? Some questions that will need to be addressed in the next short period of time.
This is probably the first point of time that a Certified Valuation should be obtained, in my opinion, for SMSF purposes. Why? Simply the market regardless of Commercial and Residential has shifted, not only as to current market value but also, most probably, rental sum.
There has been...
3 Months Into 2019 – Market Wrap
It’s an interesting scenario when you are asked to fill in a survey for an organisation.
In some instances it really allows you to succinctly define matters.
Here is an extract of a recent Royal Institute of Chartered Surveyor’s questionnaire.
It perhaps gives our clients some guidance as to the last 3 months and beyond.
These responses are reflective of the writer’s thoughts.
Occupier Demand
How has occupier demand changed during the last 3 months in the region you operate in?
Office – Unchanged
Industrial – Unchanged
Retail –...
2019 Retail Property Market Outlook
Forecasting the year ahead within the retail sector of Melbourne may be considered as the most difficult sector to consider. We have included some initial comments from colleagues within the industry, coupled with our thoughts.
“We expect retail investment activity in 2019 to be at a similar level to this year (2018). Buyers have become more cautious and are factoring in more conservative assumptions. Owners are likely to meet the market in order to execute on their strategic investment decisions and extract value from other assets in their...
Will Technology Ever Make Tenant Representation Obsolete?
This question is being asked by a number of Lessees in the current real estate market and one question that seriously needs a discussion before time and money spent becomes a waste of those resources.
To answer this question, one needs to sufficiently define what a Tenant Representative does or more so, what Tenant Representative Services allow.
Simply, a Tenant Representative is an advocate and/or consultant of whom is working for and on behalf of the Lessee exclusively.
The main Tenant Representative services include:
Market research...