Property management is and will always be quite a saturated market and it’s easy to get caught in the vortex of it all. Naturally due to the competition within the industry it can be very churn and burn. This is why it is so important to ensure that your decision to select your Property Manager is driven … Continued
Property Owners may have received notifications from local governing authorities and/or their insurer to confirm the type of cladding that has been installed on their premises. If the property has been cladded with Aluminium Composite Panels (ACP) then it is likely that the local authority will seek rectification. On 10 August 2018 a Building … Continued
‘High exposure ‘value add’ retail building with residential redevelopment potential’ How did Prosper Group assist their client? Off market advantage Prosper Group’s reputation and industry contacts provided their client with the opportunity to purchase this property off market before it was presented to any other buyers. This allowed Prosper Group and their client the opportunity … Continued
The last 2 years have consisted of a large amount of pessimistic property media which continues today. The downturn in the market was initiated by APRA investigating and applying pressure on banks to reduce interest only loans, at the same time tightening margins on living expenses whilst applying for loans. This was then closely followed … Continued
SQM Research recently stated “Sydney’s residential property investors have been hit with falling rents and rising vacancies as the country’s largest city suffers an unexpected oversupply of new dwellings.” As an example, asking rents for two-bedroom units over the last twelve months to September are down 15.2%. An increase in new supply and slowing population … Continued
End of lease obligations are probably the most contested clauses I have seen during my career in property management. It is something that is often overlooked or at least agreed to without too much negotiation at the time of signing a new lease, however it becomes a huge topic at the expiry of a lease. … Continued
Last newsletter we covered the general softening of the Sydney property market which began over 6 months ago. Many would now agree we have been travelling in a ‘flat’ market for a number of months, and this could be an ongoing trend for a while to come. Much has been made of low auction clearance … Continued
The industrial investment class has now caught up to the more traditional office and retail asset classes as an asset class sort after by private and institutional investors. Prime industrial investments are now being purchased on comparable yields to traditional prime office and retail investments. This revolution is being driven by a lack of supply … Continued
In 2015 and most of 2016 investors found it hard to compete with developers in purchasing office properties on the Lower North Shore. Developers had a very optimistic outlook and were prepared to pay strong prices for most properties with or without development approvals. Although the development cycle has slowed down developers are still keen … Continued
After years of consistent price growth, we can safely say that Sydney has finally cooled to a more balanced market for buyers and sellers alike. Auction clearance rates which were recently topping the 80% mark are now consistently sitting around 70%. Last weekend saw Sydney hit a new low of 67%. As it is generally … Continued