Sunday 30 November 2014
Booming Perth Commercial Real Estate Market Attracts Overseas Buyers
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.
http://www.bretthalvorsonassociates.com.au/booming-perth-commercial-real-estate-market-attracts-overseas-buyers/
Saturday 29 November 2014
Good Advice on Property Investment in Perth Helps Reduce Tenancy Risk
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.
http://www.bretthalvorsonassociates.com.au/good-advice-property-investment-perth-helps-reduce-tenancy-risk/
Wednesday 26 November 2014
Why Should You Invest in a Property?
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
Obligations of a Commercial Property Manager
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
Tips for Selling Commercial Property Quickly
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:
Aggressive Maintenance
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
Tips for Leasing Commercial Properties in Perth
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:
Location
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.
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