Wednesday, 31 December 2014
Already, Chevron has bought the two north-eastern lots in the quay, totalling almost 6,800 square metres, for $64 million. Construction of its 36-storey tower is scheduled to start in late 2016. This waterfront commercial property in Perth represents a whole new world of business prospects.
Monday, 29 December 2014
It's these kinds of businesses that do justice to Perth property investment opportunities. Costco sticks to things that work: shuffling items between shelf and storage daily, selling items in bulk, and keeping that distinct warehouse look. Many buyers say they spend more at Costco simply because they end up buying more. The $55 membership fee is well worth the access to low-priced commodities.
Saturday, 27 December 2014
The ‘waterwise’ status is undoubtedly a boon to any commercial property owner in the city, though achieving it requires a great deal of work. Recent awardees received the title only after implementing water use monitoring schemes, installing waterless urinals, and enacting other water saving measures. To ensure that such strategies are carried out, property owners would need to work with a trusted Perth commercial property management firm like Brett Halvorson & Associates. For such a company, water saving strategies are an unspoken necessity; commercial buildings in Perth, after all, consume about 1.5 billion litres of this precious resource every year.
Thursday, 25 December 2014
Another reason why the situation seems promising is that foreign investors are also interested in purchasing low-grade commercial buildings in Perth. To make sound decisions, property owners in the CBD can consult a Perth commercial real estate management firm, like Brett Halvorson & Associates, when refurbishing office spaces to make them more appealing to buyers. This strategy, according to property experts, can turn things around for the city’s office leasing market. Meanwhile, buildings currently leased to tenants will also need expert property management to reduce operating costs and prevent further office vacancies.
Tuesday, 23 December 2014
Compared to residential real estate, commercial properties have more components and factors to take note of. This leads potential property owners in Australia to pass on the opportunity of in-vesting their assets on such ventures. However, recent developments have made the prospect of owning such establishments a wise and fruitful way of spending one’s capital. With that in mind, here are a couple of tips for those who want to own commercial properties in the Land Down Under. Most people are content with owning and running a residential property due to its low risk. How-ever having low risk means its returns are also low. According to Real Estate.com.au, while it is true that owning Perth commercial property comes with high risk due to potentially long stretches of vacancies in between tenants, the return potential is also proportionally high, not to mention consistent.
Sunday, 21 December 2014
A good location is something one should look for when it comes to commercial property. That being said, Australia just might be the place to start. According to an article posted in The Australian, the National Australia Bank (NAB) recently conducted a survey regarding commercial properties, and the results point to positive growth in the sector. In fact, such a positive recording for retail has not been seen since 2011.
Tuesday, 2 December 2014
As commercial property vacancy in Perth continues to skyrocket this year, the competition over available investors also becomes more intense as they spend more time shopping around. Spending more on your marketing to get the message out is a smart and professional approach. Even better when the marketing materials are free! Take advantage of this great offer when you opt to market your commercial property for lease in Perth with us. You deserve a less-burdensome marketing effort that actually works, so turning down our offer should be out of the question. Call us now!
Monday, 1 December 2014
Should things go according to plan, about 150,000 square metres of office space will be available by 2017. Entrepreneurs planning to invest in these properties, particularly those who wish to move their businesses to Elizabeth Quay, would do well to work with Perth commercial property managers—such as experts from Brett Halvorson & Associates, for instance. These professionals can take charge of arranging building maintenance and repairs, paying the strata levies and local council rates, preparing relevant financial statements, and other tasks that entrepreneurs would be hard pressed to do on their own. One particular aspect that requires commercial real estate services would be insurance coverage. Although property managers do not provide insurance packages, they can nonetheless pinpoint clients’ exact insurance needs. For example, while building insurance is all but mandatory, it does not cover landlord protection and deliberate/malicious property damage.
Sunday, 30 November 2014
Market conditions also influence investors’ decisions. Sluggish sales, for instance, often discourage potential buyers. Sellers, in turn, may be encouraged to lease, rather than sell, Perth commercial real estate, depending on how the market fares. Leasing can, in fact, be an attractive option because it entails fewer responsibilities to the lessee, especially in terms of building maintenance. It’s not easy to tell if Australia’s commercial real estate market can survive without foreign investments. One thing’s for certain, though—overseas money will continue to pour in. As such, it would be a great idea for property sellers to learn how to have a piece of the action.
Saturday, 29 November 2014
These recent developments, however, do not not make the commercial property sector impervious to other risks, such as property repricing (i.e. when foreign investments finally stop coming in) and tenancy risk (i.e. when commercial properties fail to attract enough tenants), which the RBA also acknowledges. A price correction may be beyond investors’ control, but they have the means to minimise tenancy risk. All they have to do is to strike a balance between meeting the needs of the tenants and those of the landlords. With these things in mind, any investor would do well to work with a commercial real estate company—such as Brett Halvorson & Associates, for instance—that can manage a property investment in Perth effectively.
Wednesday, 26 November 2014
Property investment is on the upswing among Australians this year. You might be one of those who are considering to apply for a loan to fund your property investment. Property investing is seen by the business savvy to be somewhat a safer investment given that property values grow and rarely devalue. With the proper moves, you can call the shots in this investment, and returns from this investment fall directly into your hands.
Wednesday, 19 November 2014
Lots of investors are so eager to purchase commercial property because of the economic benefits it brings, in contrast with purchasing residential property. However, some pay less attention to the management needs such a purchase may entail. Unlike a residential property, a commercial property requires a complex management system in order to stay profitable.
There are various tasks property managers are obliged to do and the productivity of the business depends on them. One is regular maintenance. The reason a lot of commercial properties depreciate quickly is that it’s not regularly maintained—heating and ventilation constantly are breaking down, plumbing systems are starting to rust, etc. Maintenance is a way to keep if not raise the value of a commercial property.
Wednesday, 12 November 2014
For the most part, the best way to profit from a commercial property is to get tenants to lease it. However, it is entirely possible that there will come a time when you have no choice but to sell your investment. In such cases, here are a few tips to help you sell you commercial property faster and for more:
Be aggressive with your maintenance plan to preserve the aesthetic appeal of your property. After all, you’ll be hard-pressed to find someone who will take a shabby building. Apart from being unappealing to the eye, buyers may be turned off by the additional repair costs that buying such a building entails.
Wednesday, 5 November 2014
One of the more undesirable “drawbacks” about leasing commercial property is that it tends to run for very long periods of time. This means you cannot afford to push all your chips to the middle of the table only to regret it later on. With that in mind, here are a few tips to help you find the right commercial property to lease:
Most of your employees will probably use public transportation to get to the office. In such cases, make life easier for employees by looking for commercial property near a public transportation terminal. Don’t forget that a convenient location for your employees improves your chances of retaining and attracting good employees. Other places of interest you should look for include restaurants and supermarkets.
Friday, 24 October 2014
Investors should always be aware of what their ventures will cost instead of simply looking into the potential returns. Since tax laws can put quite a damper on a property investment, it pays to know what you can expect before you enter such a venture.
Friday, 17 October 2014
Investing in commercial property for the long haul is an excellent way to diversify one’s portfolio. Even with minimal involvement, a commercial property offers good returns. To ensure that their assets stay in good condition, commercial property owners/investors with little time on their hands often hire reliable property managers.
Friday, 10 October 2014
If you own commercial property in Perth that you wish to lease to someone else, it’s important that you be aware of the ground rules set by the local government. Although your commercial property manager can walk you through every step of the process, it still pays for you to have a grasp of how it works.
Sunday, 5 October 2014
Keeping your property well maintained and current will ensure your property remains of interest to potential lessee’s making your property the better option to occupy which ensures your property value is maintained with a good financial return on investment. It’s best to practice efficient ways to reduce the vacancy rate of Perth commercial real estate properties. Fair Rent Don’t overcharge your tenant rent. Keep in mind that prospective tenants of your commercial property would have done their homework and thus would know the fair market rent value of the property. If you’re within the fair scope, but still find you couldn’t score new tenants, look into reducing the cost; it should still be viable as long as it doesn’t go under the market value and you end up losing money.
Friday, 3 October 2014
The first few years of a start-up business are the most critical. If it can't create enough momentum at this stage of its life, chances are, it won't last long. The Australian Bureau of Statistics reports that an average of 44 small businesses close up shop every day. Aside from rising energy costs and labour costs, lack of local government support is also cited as a small business killer.
Perth Western Australia has a range of commercial Investment properties to choose from Whether Commercial, Industrial or Retail.It’s important that investors familiarize themselves with the local market and the attributes that affect commercial property investment in Perth. Sound local knowledge will assist in understanding the value of properties , expected property yields, lease terms and conditions.Having your investment property professionally managed by a commercial property specialist is not only very wise but a sound business decision which in turn will help to grow your asset.
Monday, 29 September 2014
In celebration of the launch of our new website, Brett Halvorson from Brett Halvorson & Associates is offering you and your clients FREE Commercial property appraisals to assist in their annual tax evaluation of their assets. Take advantage of this promotion and save $$$ on Appraisal Fees! Commercial real estate needs to be properly appraised for tax purposes. This is a genuine, professional and comprehensive property appraisal for Tax purposes for clients and their Accountants which is providing a better customer service outcome to all.
Saturday, 27 September 2014
Brett Halvorson & Associates is a well respected Commercial Property firm with a high level of commitment given to all clients—whether for Perth commercial properties for lease, for sale, investment or property management. The creation of their new website can be considered as another way of showing their passion towards giving excellent customer service and support. It also makes it possible for customers to personally get in touch with the firm’s managing director via a link that instantly connects them to Mr. Brett Halvorson’s Social Media accounts including LinkedIn. People and businesses interested in availing one or more of the company’s services should visit http://www.bretthalvorsonassociates.com.au/ for more information.
Friday, 26 September 2014
So you’ve finally decided to sell your rental property, perhaps because you are relocating to another city, or perhaps because you are simply not inclined to managing the property anymore. In any rental property sale, keep in mind that you will have to deal with taxes and potential liabilities.
A rental property is taxed more than a personal use property. When it’s sold for a price that’s more than its purchase cost, it will be levied a profit or capital gains tax. The determination of the tax amount can be a little complicated, but you can assume that it’s considerably higher than normal. This is especially true if you’ve declared depreciations on the property while you still own it.
Friday, 19 September 2014
Many people who take the leap into investing in or owning a commercial property do so because they want a passive source of income that they don’t have to work so hard for. For this reason, they choose to hire an efficient commercial property management company. If you want to hire one, be sure to throw some of these queries at your prospective management firm:
Friday, 12 September 2014
Less has been written about investing in a non-residential or commercial property (office, retail and industrial) compared to its residential counterpart. What can be noted is not its lack of appeal to investors but the fact that they would rather invest in something already familiar to them. Knowing more about the benefits of investing in commercial property might do the trick.
Friday, 5 September 2014
It’s not so hard to find commercial properties for lease where business owners can put up their shops and eventually make money. Aside from stores and boutiques, offices may also look into leasing in one of these spaces for several good reasons. If you are starting a business and have yet to find a location for an office, here are some excellent points why leasing in a commercial space is a great idea.
Tuesday, 26 August 2014
Investing on commercial real estate properties is a lucrative activity. If done correctly, coffers can be filled in due time. Of course, that doesn’t mean it is risk-free. Here are a few tips for investing in commercial real estate properties.
Most property investors commonly go after residential properties because of fewer risks. Being open to commercial real estate properties like office buildings may give more than what residential properties can offer.
Big is Better
In commercial real estate properties, getting more units would cost lower than getting a few. The bright side of this is that real estate appreciates, not depreciates. Land is becoming scarcer as more people buy land every year. Having a property gives you privilege to do anything you want for profit. Real estate investing is expensive, but once utilized properly, the outcome may even bring unimaginable fortune.
Connections with other investors are important, especially in commercial properties. You can learn more about the industry from experienced people. Knowing more people in the industry will give you more deals to expand your interests and more hands to help you out. A partner can lend you cash in case you cannot buy with your own.
Good Financial Plan
Finding the suitable loan for you is important. Down payments in commercial loans are higher than residential ones. While often there is no personal liability when the deal fails, it is likely that they will prefer that you borrow money from someone else.
Tuesday, 19 August 2014
Do you know how rich people get rich? They don’t just put their money in the bank; they put it to work. One of the best ways to have your money generate more money is to invest. However, some investments can be fragile. Real estate investments, whether residential or commercial, are pretty stable in terms of generating income. However, if you are thinking of investing, better make it a commercial property. Here’s why.
The income you can get from a piece of commercial real estate is related to how much square footage you can use. Residential properties have different income ratios, usually depending on the amenities it provides.
Investments have an inherent risk. However, commercial real estate investments tend to generate revenue at a constant rate and can weather tough times. An example would be a ten-room apartment complex; even if you lose nine out of ten tenants, you’re still earning.
Better Cash Flow
You get a higher income from commercial real estate due to the bigger number of tenants. Residential properties often only have one renter. If you rent out a multi-unit commercial property, you can have more tenants and bring in a lot more money.
Tuesday, 12 August 2014
Commercial property owners have two main objectives to accomplish: one, to preserve the property’s overall value; and two, to generate enough return of investment. Proper maintenance allows property owners to achieve both. Here are some useful tips.
The premise here is pretty simple: no one would like to rent or lease out an ugly building. Owners are advised to perform routine inspections around the property on a regular basis, taking notes on everything that may stand out of the ordinary. Unhinged or rotting doors, blocked paths, damaged roofs, or chipped paint are some of the most common problems a landlord can identify during exterior inspections.
If the exterior of the property looks presentable, the inside should follow suit. However, the lease agreement between the property owner and the tenant can identify the latter as the one responsible for the interior’s upkeep.
Utility systems like plumbing, electricity, heating, cooling, and elevators must be kept in tiptop condition at all times. For instance, water system components like gutters, downspouts, and drains must be checked for possible cleaning or repairs, as well as heating components like gas heaters. For electrical systems, components such as ground fault circuit interrupters must be tested or tripped monthly to keep them working perfectly.
Performing these checks might be cumbersome; but if done correctly and regularly, it can save any landlord a lot of time and money in the long run.
Tuesday, 5 August 2014
Owning commercial space can be an exciting and rewarding business venture, but leasing it out isn’t exactly a walk in the park. For one, you should know how to deal with your prospective tenants and settle all the legal aspects of your lease contracts if you want to be successful in your venture. Here are some tips you should try out.
Screen Your Investors
Make sure to do a background check on anyone you want to lease out space to. Confirm their reliability in delivering payment and their plan to use your space. Haphazardly getting tenants or investors without checking their credentials first could end up in disaster quite quickly. Opt to streamline things through a written application.
Get Everything in Writing
Prepare a contract for your investors to sign and make sure to keep it as comprehensive as you can. This should include payment terms, building use, and limitations. You should also consider including details like entry provisions, as well as maintenance or repairs.
Success or Failure Rate
Unless you’re restricting your choice of investors or tenants in one type of business, you might want to check which businesses gets to rent space in your building. Consider the various rates of failures of establishments in your area and opt for those that are relatively more successful.