Jay Norden

📈 Shopping Centres Back in the Spotlight for Investors 📈 2024 has marked a strong resurgence for Australia’s shopping centre market, with a sharp uptick in investor interest. Between January and September, sales volumes surpassed $6 billion, showing over a 50% increase compared to the same period last year. A further $1.25 billion in transactions is also pending, highlighting renewed confidence in the sector. This resurgence comes as shopping centres, particularly those anchored by grocery stores, are recognized as more resilient investments. With foot traffic and rental growth increasing, and vacancy rates on the decline, centres are proving to be recession-resistant assets. Population growth and high development costs have reduced new centre development, creating a supply constraint that is likely to further drive value in existing assets. Notably, Western Australia has become a hotbed for transactions, spurred by rapid population and economic growth. Key acquisitions include Vicinity Centres’ $420 million purchase in Perth’s Lakeside Joondalup and Hines' record-breaking $900 million acquisition of Sydney’s Westpoint. Australia’s retail sector is entering an early recovery phase, and with investor demand back on the rise, the shopping centre market appears set for promising growth in the years ahead. #realestate #investing #shoppingcentre #australia

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Top Performing Neighbourhoods in Q3👇 Bali's real estate market continues to thrive, with standout performance across key neighbourhoods in Q3 2024. Uluwatu recorded the highest available supply growth at +39%, showcasing its expanding opportunities. Jimbaran lead with a median sale price of $387k, while Pererenan boasts the highest median sales volume at 125 properties, signalling strong buyer demand. Ubud, a perennial favourite, secured a 66% average occupancy rate, reflecting its ongoing appeal. These insights highlight Bali's dynamic market, offering valuable direction for investors and property enthusiasts alike. Where will you invest next?

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𝐕𝐚𝐜𝐚𝐧𝐜𝐲 𝐑𝐚𝐭𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐨𝐫 𝐍𝐞𝐰𝐜𝐚𝐬𝐭𝐥𝐞 𝐚𝐧𝐝 𝐋𝐚𝐤𝐞 𝐌𝐚𝐜𝐪𝐮𝐚𝐫𝐢𝐞    Thanks to Suburbtrends for the vacancy rate insights in the graphic below.  This shows that over 50% of "suburb areas" have a vacancy rate of less than 1.0%, and some 90% of areas are under 1.5%. Theoretically, under 1% is considered high demand so this really does showcase the tight rental market at present.   𝘍𝘰𝘳 𝘵𝘦𝘯𝘢𝘯𝘵𝘴 this is not great news, but it does show where some of the harder and easier suburbs to rent right now could be.    𝘍𝘰𝘳 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴 this highlights the very strong rental demand in the Newcastle and Lake Macquarie regions, and also the suburb areas where it should be easier to get a tenant.   Vacancy rate is just one parameter to consider when analysing an investment opportunity.  If you need help narrowing down suburbs and then sourcing and finding the best performing investment, please contact me [email protected] or 0405 266 587.   #buyersagent #newcastlensw #lakemacquarie

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I think the article highlights the variation in property types and locations. Traditional retail properties are struggling in many parts of Australia and yet Sydney CBD’s Pitt Street Mall has just been ranked the 8th most expensive on a $/sqm basis. This to me highlights how important it is to select a valuer who has the relevant expertise when you have a specialist property. Rural property with livestock and crops, retail rent reviews, shopping centres, development valuations, hotels, service stations, childcare the list goes on. When my clients request a quote for specialist properties like the ones above I refer them to a colleague I know has the relevant specialist knowledge. I specialise in Expert Witness Property Valuation reports in Family, Estate and Property Law, tax/stamp duty, conveyancing/property law including partial titles (easements, encroachments, common property purchase) in the Greater Sydney/Illawarra area. Beware the valuer that says they can value anything anywhere! Part of the duties of an Expert Witness are to advise the court (or instructing solicitors ideally when instructions are received) if a particular question or issue falls outside the expert witness’s expertise. Federal Circuit and Family Court of Australia (Family Law) Rules 2021 - 7.18 Expert witness’s duty to the court. Any thoughts? As always please be respectful, inclusive and polite to others. This is for the purpose of encouraging discussion and I am not advocating a particular position. https://lnkd.in/gGxHHX_d

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East End rental recovery for Melbourne’s CBD prime office market - JLL The East End of Melbourne’s CBD office market is leading the way in rental growth recovery, as demands including premium location, building amenity and sustainability credentials tighten availability. According to new data from JLL Research, 16% of the 50 prime CBD office assets across JLL’s rental basket – which tracks 25% of the market – have recorded positive net effective rental growth in the last 12 months, averaging 2% compared with -8% for the wider prime CBD grade market. JLL Head of Strategic Research Annabel McFarlane said the growth trend – first identified in JLL’s report on The Real Melbourne Real Estate Narrative - was a clear sign of green shoots in market recovery, amid elevated total CBD office vacancy. Kate Pilgrim JLL Victoria Managing Director and Joint Head of Tenant Representation – Victoria, said demand in the East End was driving pricing tension and, in turn, rental growth. “As an example, securing a whole floor in a Premium quality building in Melbourne’s West End would be circa $750-$900/sqm net,” Ms Pilgrim said. “This compares with space in 101 Collins St – or other nearby East End properties such as 1 Collins St – where the rent would be circa $900-$1300/sqm net. Read more on COMMO > https://lnkd.in/gRxwSBzY JLL Kate Pilgrim Annabel McFarlane Ronak Bhimjiani Andrew Ballantyne Andrew Peck Daniel Kernaghan Michael Greene Carey Mudge #JLL #JLLresearch #officemarkets #realestatemarkets #melbre #JLLaus #commercialrealestatenews #Melbournerealestate #jllaus #officeleasing #officeinvestment #officebuildings #officemarket #melbourneproperty #officeforlease #officedevelopment

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How these data parameter helps you asses market conditions, mitigate risks and identify the right property with a massive potential for capital growth and cash flow for the next few years. 📊🏠📈 #investoraid #buyersagentaustralia #realestateinvesting #realestateinvestors #propertyinvestment #RealEstateInvestingTips #realestateaustralia #realestatetips #realestatedata

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How real estate can build your wealth? 🏠💰🌟 #investoraid #buyersagentaustralia #buyersagentsydney #InvestmentProperty #buyersagent #RealEstateAustralia #propertyinvestment #realestateinvestment #capitalgrowthandcashflow

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🏙️ 📈 Exciting news for Brisbane's unit market. 🏘⛺ According to a recent article I read on realestate.com.au, sales prices for units in Brisbane are nearly double what they were just a few years ago. A one-bedroom units under 60 sqm has recently sold for nearly $700,000. 🤯 💰 The article raises an interesting question: 𝗛𝗼𝘄 𝗺𝘂𝗰𝗵 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗰𝗮𝗻 𝘁𝗵𝗶𝘀 𝗯𝗼𝗼𝗺 𝗴𝗼? It seems that the lack of new apartment complexes being marketed, possibly due to unpredictable construction costs, is contributing to a shortage in supply. This could mean that prices might need to rise even further. If you're curious to learn more about the Brisbane unit market and its potential trajectory, check out the full article here: https://lnkd.in/gvkhwRWD 📰🔍 or get in touch with me. #BrisbaneRealEstate #PropertyMarketBoom #RealEstateInsights

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Interesting article on one of the elephants in the property market currently, what is the realistic value for commercial office space post-covid. There have been relatively few sales of this property class post Covid due to falling demand due in part to the work from home/hybrid work trend. It will be interesting to see how the sale prices stack up compared to the book values. Any thoughts? As always please be respectful, inclusive and polite to others. This is for the purpose of encouraging discussion and I am not advocating a particular position. https://lnkd.in/g4XUJjbm

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"Simon Property Group's chairman, CEO and president David Simon has revealed the company 'successfully sold' its remaining investment in Authentic Brands Group generating total gross proceeds of $1.45bn. This included the sale of a portion of its interest in Q4 of 2023. The company's Q1 results benefitted from the sale of its remaining ownership interest in Authentic Brands Group with its net income including after-tax net gains of $303.9m, or $0.81 per diluted share. It has also raised its quarterly dividend and is increasing the mid-point of its full-year 2024 guidance. GlobalData retail analyst Neil Saunders told Just Style exclusively: 'Simon’s core property business is solid so it doesn't rely on retail as an add-on.'" #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance #retail #consumerfinance https://lnkd.in/dC6Mm3gu

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Brisbane’s Queen’s Wharf precinct is scrambling to find a new high-end retail offering after its world-renowned luxury anchor tenant pulled out of the deal, believed to be worth millions. In 2021, Destination Brisbane Consortium – behind the $3.6b Queen’s Wharf development -sprouted global leader in luxury retail offerings DFS Group Limited part of the $309b Moët Hennessy Louis Vuitton (LVMH ) Group, would provide a sprawling 6000sq m shopping oasis on the riverfront site. It was to include a three-level T Galleria Emporium in the historic Printery Building on George Street; plus a wealth of its luxury brands, including Louis Vuitton, housed across 16 freestanding stores, making it DFS’s largest shopping footprint in Oceania. But the premium retail group has abandoned the deal, believed to be worth millions of dollars, leaving Destination Brisbane Consortium desperate to find a replacement.

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Client Spotlight 🌟 Location: Southern NSW Coastal Town Total Costs: $1,468,290 Build Time: 13 months Sale Price: $1,960,000 Result: $491,710 Why we love this transaction: - Quick Profit: The client earned $491,710 in just 13 months, accelerating their path to financial goals. - Goal Achievement: This transaction helped the client move closer to their 5-year goal of a comfortable retirement. - Efficient Timeline: The entire project was completed within 13 months, allowing the client to see returns quickly. - Significant Return on Investment: The client’s strategic investment paid off with substantial profits in a short period, enhancing their retirement plan. #AusPropertyProfessionals #LloydEdge #CaseStudy #SmartInvesting

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💡 Market Insights: CoreLogic Economist Kaytlin Ezzy says demand is now tilting towards unit and apartment living due to affordability concerns, particularly in capital cities. The prolonged high-interest rate environment has seen buyer demand continue to skew towards more affordable housing alternatives, with most capitals now recording stronger growth in the more affordable unit sector "House values surged nearly 40 per cent since March 2020, while unit values rose 17.9 per cent, indicating the widening gap between house and unit values," Ezzy says. Read more below. ------------ 📣 Was this update of interest to you?🔥 Join 16,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.

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Presenting Mark's Top 5 Properties for the last week of September🔥 Exceptional properties, perfect for international investment. Located in Melbourne Australian, these properties offer high returns and proximity to everything. Don't miss out! SWIPE ➡️ ➡️ ➡️ Love any of them? Contact 📞 0433 837 246 #zammitrealestate #international #investments #apartments

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