Blog

January 30, 2018

Wharf Devt

A development application was lodged with Brisbane City Council this week for a new commercial tower in Spring Hill. The 27 storey tower would be located at 152 Wharf Street and includes 24,416m2 of net lettable area, two ground floor retail tenancies totalling 340m2, streetscape works, 20 levels of A Grade office space and a rooftop terrace.

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January 29, 2018

Commercial Sales

Cushman and Wakefield research found that total commercial property sales in Queensland shot up 68% year-on-year to $7.2 billion in 2017. This is compared with a 25% improvement in NSW and an 8% decline in Victoria. According to the research, most of Queensland’s growth was accounted for by the office sector, where transaction volume almost doubled to nearly $3 billion.

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January 25, 2018

Investment Update

According to reports this week, foreign investment is making a comeback in the commercial property market. Hotels are the most popular asset across Australia, with an expected increase in demand to 21.9%, while office demand is expected to increase to 19.2% for foreign buyers. Retail, industrial, office and hotel sales are all expected to increase this year.

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January 24, 2018

Office Demand

According to a new report by Colliers, there was a 19% increase in office leasing enquiries in the last quarter of 2017. The Office Demand Indec report found that Brisbane saw a surge of enquiries, with total demand across the country reaching 492,947m2 – up from 415,737m2 for the same period 12 months earlier.

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January 23, 2018

Accommodation Sector

Australia’s biggest accommodation operator, Mantra Group, has been taken over in a $1.3 billion deal by French giant Accor. This is expected to lead to major changes in the local hotel sector, and Brisbane (and Australia) should see another strong year for overseas visitor numbers, particularly those from China. According to reports is part of a power struggle between the major hotel chains and the digital disrupters led by Airbnb and online travel agents like Expedia, Booking.com and TripAdvisor, who...

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January 16, 2018

Industrial Property Hot In 2018

The Industrial shed is set to be one of the most sought after asset classes by real estate investors in 2018. According to Goodman Group, e-commerce has driven up demand for modern logistics facilities. Modern facilities and development sites across Brisbane’s industrial precincts are expected to be in high demand.

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January 15, 2018

Riverside venue sells

Friday’s Riverside, a popular bar and restaurant in the Eagle Street Pier, has sold for the first time since it opened its doors 31 years ago! The venue has been purchased in an off-market deal by Melbourne-based Australian Venue Co, formerly known as the Dixon Hospitality group. The sales price has not been revealed.

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January 14, 2018

Confidence Falls

Confidence in Queensland’s property market has fallen for the first time in nearly two years on the back of the latest tax grab proposed by the state government. The ANZ/Property Council Survey released today, taken in the weeks either side of the November state election, has recorded a drop of two index points for Queensland in the March 2018 quarter — the first decline in 20 months. The state now has the lowest confidence levels of all Australian...

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January 13, 2018

Top Tips To Prepare Your Building For Sale In 2018

If you’ve decided to sell your commercial property this year, there are a number of things you should take into consideration so that you get the best profits and value from the sale. To do so, there are a few things you might consider before putting your property on the market.

  • Renovate. Renovation is very important if you want your building to get a higher sale price. You can repair inferior areas of your space, fix electrical, roofing, air conditioning and...

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January 12, 2018

How To Find A Great Tenant For Your Industrial Property

Finding the right tenant for your industrial property can be difficult if you don’t have the right experience or knowledge. Basically, you want to find someone who is easy to deal with, has a good reputation or history and is dedicated to their business through indications of long-term rentals.

Generally your first step is to find a great real estate agent; but you can also play a more active role in the selection process.

To find the right tenant, you should put...

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