Posts Tagged ‘commercial real estate’

A great example of the old meeting the new!

So often these days we hear the terms urbanisation or modernisation, but what does that actually mean in terms of the buildings?

Well generally it all starts with the properties zoning which can free up many more uses than the properties former life. Commonly the properties are industrial or office buildings that have already been surrounded by residential development.

Take the example of 12 Power Street, Islington…. Read the full post »

AUTUMN – THE SEASON FOR STATISTICS

A quarter of another year has drifted past with the statisticians and economists rattling off
new numbers to help us understand how we are progressing. But can we understand? The St George Banks Economist Hans Kunnan at a recent breakfast says of the Hunter,  things are rosy; no worries go out and spend. Fancy a banker saying that? The Hunter  Research Foundations (HRF) Dr (I’m not an economist) Brent Jenkins basically said things  aren’t bad but why are we feeling … Read the full post »

Newcastle – Commercial Real Estate – Friends Are Not Always Friends

Business is tough enough in this Region and when we do get progressive people looking to put money into a project they should be embraced and welcomed as each enterprise creates jobs. Instead those looking to invest in enterprises (I’m talking of developments that include businesses not just apartments) are treated with disdain through planning
hurdles. If that’s not bad enough we have small but well trained groups of advocates parading, claiming to be “The Friends of…..” this and that. They are … Read the full post »

Newcastle – Beware Media Distraction

From the outside, things are looking pretty good in the Lower Hunter. In the city we have a new court house coming to fruition, we have work started on the new University building and whilst the design has created controversy, it is a statement for our time. It’s different and that’s what we need. We got a glimpse of what might be coming with a video on the interchange. We have had the Mayor of Newcastle and head … Read the full post »

The Evolution of Sport and their Associated Buildings

As most people would have seen or come across, it is not uncommon for a former Commercial office building or an industrial warehouse to be converted into residential dwellings and/or hotels – providing that the zoning allows.

In Newcastle right now we are seeing the CBD post office premises proposed to be converted into a hotel; much like other examples that have happened in other major cities -the Westin in Sydney … Read the full post »

Raine & Horne Industrial Average Just Released

Once a year the big talk in property circles is about is about the Property Council’s Office Market indicator. Yet is this a true reflection of the state of our regional economy? The focus has always been about the CBD of Newcastle when the majority of the people of the region rarely if ever come into the centre of Newcastle. Raine & Horne Commercial Newcastle has just released its half … Read the full post »

What's Happening in the Real Estate Sector?

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Recently Newcastle was lauded for having the lowest A-Grade vacancy in Australia at (2.7%).  This is a tremendous result, but is the market really that good?  It’s my belief that the take up in A-Grade space is a clear signal that some of the mature firms around the City are looking to better their image and provide a working environment conducive … Read the full post »

It seems, as Novocastrians we are forever looking forward to change…..

harbourWe looked forward to change at the last state election and the opportunities of hope for a fairer hearing in Government. Four years on and it seems we are once again looking forward to the same thing – change. Yet this time we will be reliant on a new breed of young politicians of the Labour persuasion, in opposition. Let’s hope … Read the full post »

Expect the Unexpected

When I first started in Real Estate we were awaiting the final connection of the F3 Freeway (now the M1 Motorway). Being new to the Commercial Real Estate world, life was about to teach me another lesson.  The hype from everyone at that stage was about the number of businesses soon to be relocating up here. This freeway link would supply the Sydney market with cheap land and buildings to relocate!

That year I shifted 14 businesses back to Sydney … Read the full post »

Rent Alternatives in Commercial Real Estate Today

The rents in commercial property in Newcastle are varied and made up of different components.  The investor in commercial real estate should be completely aware of the differences between net and gross rentals given the property location and type of property in which they are interested or perhaps own.  Local market knowledge will always help with property decisions … Read the full post »