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Thursday 12 February 2015

Perth Commercial Property Management Requires your Full Attention


How hard can DIY Perth commercial property management be? To find out, wait until something goes horribly wrong and see if you have time for anything else. Property management expert Sharon Fox-Slater writes in Property Observer about what it takes to be a competent property manager, whether residential or commercial. Commercial versus residential: Is there a difference? There are basic differences between a commercial property and a residential one. Commercial property tenants are referred to as “lessees”. Leases generally last for years with rent amounts reviewed annually. Goods and services tax (GST) applies to the purchase price, rent received, and other expenses related to commercial properties. Lastly, maintenance costs are paid for by lessees of commercial properties, which makes net rental income higher than that of residential rent income.
http://www.bretthalvorsonassociates.com.au/perth-commercial-property-management-requires-full-attention/

Tuesday 10 February 2015

Commercial Real Estate in Perth is as Much a Gold Mine for Investors


Market conditions notwithstanding, property investment is a winning situation for investors. People generally think residential property yields higher returns, but according to Money Management journalist Nicholas O’Donoghue, commercial real estate in Perth may prove to be a shining star just as much as residential. Income or capital gains? According to investment experts, many believe that the two or three percent returns from investing in residential projects is worth the effort. The reality is that commercial real estate investments give as high as ten percent returns, which comes largely as income.
http://www.bretthalvorsonassociates.com.au/commercial-real-estate-perth-much-gold-mine-investors/

Sunday 8 February 2015

Leave the Management of your Perth Commercial Property to the Pros


Setting of the initial amount of rent to be charged falls on the shoulders of property managers because they know the property, how much it is worth, and what is a fair price to charge a tenant. It is also their job to collect rent payments from tenants as well as enforce late payment penalties. They also have the power to increase the rent by a fixed percentage, or decrease it when they deem it necessary. Drafting leases Property Managers are responsible for determining the length of the lease and making sure its provisions are in the owner’s best interest. This includes deciding how much of a security deposit and other cash outlays are needed.
http://www.bretthalvorsonassociates.com.au/leave-management-perth-commercial-property-pros/

Friday 6 February 2015

Commercial Real Estate in Perth with High Yields are Investment Mines


Yield is a long-term calculation for property investment. The higher the yield, the higher the ROI. Experts say investors are often looking for properties with high yields due to the erratic state of business. You never know when the tenant will move out and when the landlord can find a new one. Lenders also take yields into account when issuing loans. Perth real commercial properties close to so-called “anchor tenants” are safe investments, says experts. Anchor tenants are businesses that comprise for the majority of the property’s regular traffic, like a mall’s supermarket or bank. They usually provide commodities and basic services for the community, making them a must-have in the area.
http://www.bretthalvorsonassociates.com.au/commercial-real-estate-perth-high-yields-investment-mines/

Wednesday 4 February 2015

Perth Commercial Properties for Lease Opens City for Diversification


It’s about time Western Australia got out of its comfort zone and diversified in business, state business leaders urged. With the mining boom all but gone, the state must learn not to rely on mining alone for its revenue, and instead look elsewhere to sustain its growth. In fact, a number of former mining magnates have begun their exodus. In July 2014, Fortescue Metals Group founder Andrew Forrest transitioned to agriculture, buying plots of land and hiring farmers, in response to the new “dining boom.” Around the same time, Gina Rinehart of Hancock Prospecting group followed with a major investment in the country’s cattle industry, spending around $40 million in a 1.1-million acre plot of land in the Kimberley region, north of Perth.
http://www.bretthalvorsonassociates.com.au/perth-commercial-properties-lease-opens-city-diversification/

Monday 2 February 2015

Skilled Labour, FDI Strategy Encourage Property Investment in Perth


In its annual Global Cities of the Future report, fDi Magazine ranked Perth 5th in human capital in the large cities category and 16th in overall FDI strategy. Lord Mayor Lisa Scaffidi pointed to the city’s active roles in the global economy as partly the reason for Perth’s recent success. One of these is that of Perth being one of the 19 “energy cities” recognised by the World Energy Cities Partnership (WECP), and being the only Australian member at that. Energy cities facilitate exchange of information regarding new energy-related opportunities to facilitate various functions like education, food processing, and medicine.
http://www.bretthalvorsonassociates.com.au/skilled-labour-fdi-strategy-encourage-property-investment-perth/