In commercial property the two most common types of leases are Net Leases and Gross Leases. Understanding both types is important when calculating the return on your investment. Gross Lease The Lessee (Tenant) pays a fixed pre-agreed amount which is typically higher to allow for outgoing expenses. The pre-agreed amount is designed to include an …
An honest look at where we are The pandemic has seen a massive change in the way we live and work. Many industries that historically assumed their staff had to be in the office, have now realised it’s possible to work remotely. This is leading to a much-discussed exodus from large cities around the world. …
New working conditions are changing the way buyers approach property. Since March, large portions of the population are working from home full-time, while others are mixing days in the office and at home. Many companies have taken COVID-19 as an opportunity to rethink how they work, with some businesses implementing permanent work-from-anywhere policies. These factors …
Everything you need to know about how the Eastern Suburbs Property Market is responding to the new norm Spring has sprung and the media continues to write about falling Sydney house prices & suffering property markets. It’s difficult to know where that actually puts us. What do the reported trends actually mean for sellers and …
There is a lot of uncertainty in the residential and commercial property markets at present. Kim Ball answers some of the questions we at Rose & Jones are being asked on a daily basis. The auction clearance rate was 76% on Saturday. Is the market back to normal? It is true that historically the …
As we start to see our economy restart and our lives slowly get back to normal, it’s been great to see the real estate industry snap back to life. While no-one has a crystal ball and can foresee what the economic fallout will look like over the next six to twelve months, we are certainly …
In all the years of having media exposure this week we experienced a dramatic response to an article which quoted Rose & Jones regarding our current experience with the growing number of off-market property listings in this COVID-19 property market. It goes against the widely reported ‘slump’ of the Sydney property market since the corona-virus …
There was a feeling of “business as usual” as we entered the New Year, the Banking Royal Commission is now a distant memory which achieved very little. The Federal election held in May 2019 would have had a major impact on the property market if Labour were elected but we saw Bill Shorten talk the …
One of the benefits of using a buyer’s agent is to give you access to 100% of the market. If you are searching for a property you can see all on market properties as they are listed on realestate.com.au and domain.com.au. But there are two other categories to consider; pre market and off market properties. …
Hot weather, hot air, hot competition and one sizzling property market! The heat and passion of the Sydney real estate market has kicked off for the year of 2020! In my 13 years as a real estate agent I have never experienced it hotter! Last week, on behalf of a client, I was the underbidder …
In April of 2016, we sold our family home of nearly 20 years in the Upper North shore. It was a very quick off market sale, so we asked for a 6-month settlement as we had no idea where we wanted to live in the east or what type of home, we wanted to live …
I often get asked what is the difference between Strata and Company Title as a Property Manager from both Tenants and clients alike. What is company title? Company title is a form of ownership that pre-dates strata title, which was introduced in the 1960’s. Company title entails that a company owns the building of …
Banking Royal Commission Looking back on the last 10 months since the start of 2019, it has been a wild ride in every aspect including the property market, we have seen a banking royal commission which put the brakes on lending which in turn made buyers as scarce as hens teeth, the big 4 banks …
As more and more Australians consider the need to remain or lay roots in a capital city, the picturesque coastal area of the Gold Coast is receiving unprecedented levels of interest, not only from tourists but also new residents looking to take advantage of the lifestyle, affordability and opportunities on offer. With over 10 million …
Sydney’s property market, everyone’s favourite subject, is back in the headlines. Did it ever go away?! So what is the current situation? As we have said many times before, it is impossible to treat the whole of Sydney as one housing market. Different locations, price brackets and types of property behave differently. However, in the …
Not all buyer’s agents are experienced with purchasing commercial property. When choosing an agent to help you buy a commercial property, make sure you ask for examples of properties they have acted on. If you are considering buying a 12 storey office building in Sydney CBD or anywhere else for that matter, then make sure …
Every purchasing situation is different and everyone involved in the purchase has an interest. That is why a tailored purchasing strategy is so important. When I am buying a property for a client, I believe there are 5 essential ingredients to a successful purchasing strategy. My recipe for success is set out below: Lauren …
Leading into September, commentators consistently talked up the real estate market. We all know about the election results, the rate cuts – with more expected, and the loosening of APRA’s mortgage serviceability conditions. Surprisingly, this has not resulted in a strong spring market as we have seen considerably lower property listings in August and September. …
What is a downsizer? The dictionary definition of a downsizer is: “a person who moves to a smaller property, typically after he or she retires” At Rose and Jones we see this group of people as having an important impact on property prices, particularly in the Eastern Suburbs of Sydney. Looking at census data we …
What do the recent changes in the market mean for you and how can you take advantage of these changes? It’s the perfect time to get ahead of the pack and avoid paying a premium in 6-12 months time. Economic Events With the Liberal Party winning the Federal election on May 18th, 2019, there …
“Sydney house prices plummet 15%” “House prices dropping and there’s no end in sight” More realistic media headlines would insert the words ‘in some suburbs’ but that doesn’t grab the reader’s attention to the same degree! The fact is that we are experiencing a changing market. Prices have fallen in some areas and continue to …
Gross Lease A gross lease includes rent as an amount that does not incur extra charges. Included in the rate (rent) a Landlord typically includes building expenses better known as Outgoings. These costs include such things as land tax, council rates, water rates, insurance, management fees, strata levies, repairs and repairs and maintenance. It is …
As most of Australia is duly aware the financial sector is in the midst of a drawn out, yet necessary, shake up with mortgage brokers facing the brunt of suggested changes. Regulators have shared their scepticism around lender-paid broker remuneration, doubting if the industry can act in the best interest of their customers whilst operating …
How can you be buy ready and have a competitive edge over other buyers? We’ve outlined below some quick tips to put you in the best position possible to purchase that property you’ve fallen in love with. Here’s how. Have Your Finance Sorted Although properties are starting to take slightly longer to sell in Sydney, …
The most frequent questions a Buyer’s Agent (BA) is asked is “Why Do I Need a Buyer’s Agent?” and “How does a Buyer’s Agent add value to my Property Acquisition?” Whether you are a first-time home buyer or a seasoned property investor, the answer is the same. A buyer wants: Access to 100% of properties …
The word is about, there’s something evolving, Whatever may come, the world keeps revolving… They say the next big thing is here, That the revolution’s near, But to me it seems quite clear That’s it’s all just a little bit of history repeating. The newspapers shout a new style is growing, But it don’t know …
Renting can be daunting the first time, even for home owners of 20 years looking to re-enter the rental market. You could be competing with dozens of people looking to find a home for the long or short term so here are tips every first-time renter can use to find their next home with confidence. …
If you are familiar with the television program MythBusters, you know their goal is to put to test myths and urban legends that have been going around for donkey’s years and prove whether they are right or just that – a myth. Well here at Rose & Jones, we aim to provide insight into what …
Commercial real estate can sometimes seem overwhelming with the various terms that are used. Brush up on your leasing lingo with terms, phrases or words you may come across in your commercial real estate dealings. Amenities A feature that provides comfort, convenience, or value to a property. Arrears Overdue payments on a rental agreement where …
Since 2016, the Office of State Revenue imposed a 4% stamp duty surcharge on foreign residents. Then as a result of the 2017 Budget, for agreements entered into on or after 1 July 2017, the surcharge rate has increased from 4% to 8%. The surcharge is in addition to the regular stamp duty payable on the purchase of residential …
After a booming 4 years of property sales and property price growth across the Sydney market, clearance rates consistently above 80% and seemingly unrestrained lending, as the middle of March 2018 approaches and clearance rates (as reported) are hovering around 66%, if you believed what you read, we are heading for market crash. Firstly, a few …
Knowing what to look for when entering into a lease, whether it be residential, retail or commercial, is sometimes confusing. To simplify we have outlined below the following things to consider. Residential Tenants are required to give landlords 14 days’ notice to vacate prior to a fixed term expiry date Tenants are required to give landlords 21 …
2017 has been a big year for Rose & Jones. We have expanded in a number of ways, including welcoming new staff to the team as well as broaden our reach to Victoria & Queensland. To those of you who have been following Rose & Jones for some time, we re-branded at the end of 2016 and began our next …
Certainty in an Uncertain Time The last three years in the Sydney housing market have provided vendors with perfect storm like conditions. Money has been cheap and banks have been providing record breaking competitive lending. This coupled with stock shortages and a rapidly increasing population in major cities has lead to a property BOOM in Sydney. There has …
Rose & Jones Senior Leasing Manager, James Maxwell, highlights 5 key points to achieve a seamless leasing transaction. The Leasing Agent Shows proven ability & passion Provides relevant timely info to Landlords & tenants Negotiates, not just facilitates Has exceptional communication skills Closes deals with tenacity A Property Face Lift Apply a fresh coat of …
Searching for and securing a property can prove to be a very time consuming and stressful experience, as well as a potentially costly one. In this regard, the old adage “fail to plan and you plan to fail” is particularly applicable to the property search and buying process. Fundamental to any successful property search, is …
It is an age old issue when it comes to a tenant vacating, and this is the debate over fair wear and tear vs damage. More often than not the owner and the tenant never agree as the owners sees it as damage and the tenant believes it to be wear and tear. When it …
Real Estate. It is an excellent topic for any social engagement. Everyone is interested in it. They either want in, want out, want nothing to do with it or (in most cases) fancy themselves as a bit of an expert at it. Real estate is one of the only industries that no matter what the …
With the rapid expansion of AirBnb and other such online letting services, landlords need to ensure they have the right asset manager keeping an eye on their premises. In today’s rental market (especially in high demand and high rent areas) it is apparent that many tenants are listing the property they are renting on AirBnb. …
The ground under the recent price boom has started to shift, though. Some noticeable changes have taken place in the last 6 weeks: • Interest rates to investors have gone up • Lending criteria has changed including equity and serviceability requirements and this has started to take the heat out of prices • Lower clearance rates have …
Are we watching a bubble deflate, or could it simply be an over heated market normalising. Debunking the ‘bubble will burst’ theory. We all remember the balloon deflation and inflation experiment without bursting the balloon, right? For those who don’t, the balloon represents the property market, the air is interest rates and lending criteria coupled with consumer …
We are now well and truly into March, the holiday season is behind us and 2017 is in full swing. Vendors are ready to sell and more stock is coming on the market. What you may not know however is that there are far more sales occurring “off market” than there is on market. As …
Record prices continue to be recorded for properties throughout the Sydney Region, with over 100 suburbs in Sydney recording double digit (Median) price increases over the past 12 months (Australian Property Monitors). A range of factors are at play that are continue to place upward pressure on housing prices for the foreseeable future: The current lack of …
There are numerous reasons as to why both current residents, and those living elsewhere, are drawn to the Eastern Suburbs of Sydney and its surrounds. The combination of lifestyle options provided by the world famous harbour and pristine beaches coupled with efficient proximity to an international CBD, which is thriving off the back of world …
Recent months have seen increased activity amongst off market property sales. This presents both an opportunity and a challenge for buyers, in that buying off-market offers significant benefits – but sourcing the cream of the off-market crop requires an intimate connection to the local market and its participants. Off-market listings represent a significant portion of …
As we approach the milestone that is our third decade, we are excited to announce a significant change at Rose & Jones. Over the last year, we have worked to re-imagine our established and trusted brand – and to develop an enhanced service offering that supports this commitment. Since its inception, Rose & Jones’ personal …
