News
Asbestos & Industrial Property
Asbestos was widely used in Australian construction between 1940 and 1990. It was incorporated into over 3,000 different products.While its use was phased out in the 1980's and completely banned in new materials by 2003, many buildings constructed or renovated before 1990 still contain asbestos.Non-residential and industrial/commercial properties built up to 2003, may have asbestos mater...
Scam Awareness Week 2024
As part of Scam Awareness Week, running from August 26 to 30, 2024, the real estate industry is urging both businesses and consumers to remain vigilant against fraudulent activities. This campaign is jointly spearheaded by the Australian Competition and Consumer Commission (ACCC) and the Australian Communications and Media Authority (ACMA) to raise awareness of the growing threats posed...
RBA crushes hope of a 2024 interest rate cut
Inflation is still too high and unlikely to allow for an interest rate cut for many more months, according to the RBA. If you listen to the bond markets or Commonwealth Bank then there will be an interest rate cut by Christmas this year. The other three big banks have revised their forecasts and pushed back expectations of a rate cut into 2025. But the one voice that matters most...
Property tax rise hits landlords
A stealth land tax increase of about $1.5 billion will impact commercial and residential landlords, holiday homes, and businesses in NSW. This could lead to property investors leaving the state, reducing the already limited rental supply and increasing rents as landlords pass the land tax increase on to tenants. NSW is the third state under a Labour government to raise land taxes for multiple ...
RBA delivers first rate call of 2024
RBA delivers first rate call of 2024 After two months of anticipation, the Reserve Bank of Australia (RBA) has revealed whether February will see a cash rate hold or a 14th rate rise. As the summer holidays come to a close and Australians begin settling back into the swing of work, the RBA has chosen to hold the official cash rate at 4.35 per cent. This marks the second hold in a row since...
The Language of Industrial Property
The language surrounding industrial property often includes terminology specific to the industrial real estate sector. If you have not been involved in Industrial property previously, this language can seem quite foreign. Here are some key terms commonly used in industrial property. Warehouse: is primarily for storage and distribution. They need to have a high roof line for pall...