TAS Market Report March 2015 - Preston Rowe Paterson . Sydney

Transcription

1
Property Market Report
Tasmania
March quarter 2015
About This Report
Preston Rowe Paterson prepare standard research reports covering the main markets
within which we operate in each of our capital cities and major regional locations.
The markets covered in this research report include the commercial office market,
industrial market, retail market, hotel and leisure market and residential market as well
as economic factors impacting on the real estate markets within we operate.
We regularly undertake valuations of commercial, retail, industrial, hotel and leisure,
residential and special purpose properties for many varied reasons, as set out later
herein. We also provide property management services, asset and facilities
management services for commercial, retail, industrial property as well as plant and
machinery valuation.
To compile the research report we have considered the most recently available statistics
from known sources. Given the manner in which statistics are compiled and published
they are usually 3-6 months out of date at the time we analyse them. Where possible we
consider short term movement in the statistics by looking at daily published data in the
financial press. Where this shows notable fluctuation, when compared to the formal
published numbers we have commented accordingly.
Phone: +61 2 9292 7400
Fax: +61 2 9292 7404
Address: Level 14, 347 Kent Street Sydney NSW 2000
Email: research@prpsydney.com.au
Follow us: Visit www.prpsydney.com.au
© Copyright Preston Rowe Paterson NSW Pty Limited
INSIDE THIS ISSUE:
Hobart Office Market
2
Retail Market
3
Industrial Market
4
Residential Market
4
Hotel & Leisure Market
6
Economic Fundamentals
7
About Preston Rowe Paterson
9
Contact Us
11
1
Commercial Office Market
Hobart CBD
Supply by Grade (Stock)
According to the Property Council of Australia Office Market Report
January 2015, the Hobart CBD office stock has increased by 3,685
sqm to a total supply of 363,082 sqm in the six months to January.
A Grade office stock dominates the Hobart CBD market with a
51.9% share of the total market. B and C Grade office stock both
recorded a similar share of the total market at 19.4% and 18.9%
respectively. The D Grade stock has remained unchanged since
January 2012, amounting to 9.7% of the market.
Hobart CBD Office Market
9.7%
18.9%
Investment Activity
51.9%
Preston Rowe Paterson Research has recorded the following
major sales transactions that occurred in the Hobart CBD market
during the three months to March 2015;
Development Sites
The Property Council of Australia’s (PCA) Office Market Report
January 2015 have recorded the following office developments in
the Hobart CBD office pipeline.
Parliament Square
development located in the
Salamanca precinct is
currently in the construction
phase. The landmark
redevelopment owned by
Citta Property Group will
20,709 sqm of office space
and 1,200 sqm of retail area
over 8 storeys on an
average floorplate size of
1,941 sqm. It will include 155 car spaces. The site includes the
former St Mary’s Hospital, the Red Brick Building, 34 West Davey
Street, the former Government Printing Office building and the
former PABX building. The development will include open public
space, an amphitheatre, restored heritage buildings, 5-star green
office building, shops and cafes. It is expected to be completed by
2017.
19.4%
A-Grade
B-Grade
C-Grade
D-Grade
Source: PCA/Preston Rowe Paterson Research
Chart 1 – Hobart CBD Total Stock by Grade– Source PCA
Net Absorption
The Hobart CBD office market has recorded a negative net
absorption in the twelve months to January 2015 of –2,303 sqm. All
office grades, with the exception of A Grade which absorbed 3,814
sqm of office space, recorded a negative net absorption in the six
months to January.
C Grade recorded –4,237 sqm absorption in the six months to
January, followed by D Grade at –1,440 sqm and B Grade at –400
sqm.
10,000
Hobart CBD Office Market
Net Absorption
9,000
8,000
7,000
Net Absorption (sqm)
28 Elizabeth Street, Hobart TAS
7000
The office building has been sold
for $4.5 million on an estimated
yield of 11.07%. The property
has a ground floor retail are of
547 sqm and a net lettable area of
1,307 sqm across level 1 and 2.
The property is fully leased on an
approximate annual income of
$498,000. Rear access
underground car parking is
available via Trafalgar Place.
6,000
5,000
4,000
3,000
2,000
1,000
0
-1,000
-2,000
-3,000
-4,000
-5,000
Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15
Net Absorption
Chart 2 – Hobart CBD Office Market Net Absorption – Source PCA
Phone: +61 2 9292 7400
Fax: +61 2 9292 7404
2
prth- 2
Retail Market
Total Vacancy:
The Hobart CBD office market total vacancy rate has increased by
1.6% to 8.9% in the six months to January 2015. The total office
vacancy in Hobart amounts to about 32,332 sqm. The both direct
and sub-lease vacancy increased by 0.8 to a rate of 7.2% and 1.7%
respectively.
On a year on year analysis the Hobart CBD A Grade vacancy rate
has increased by 2.6% to 5.7%. Similarly the C Grade and D Grade
vacancy rates have both grew by 2% to 4.1% to 13% and 10.5%
respectively. The only recorded tightening in vacancy was in the B
Grade office stock which fell by 1.9% to 12.7%.
12.0
Hobart CBD Commercial
Vacancy Rates
Vacancy Rate (%)
10.0
Investment Activity
Preston Rowe Paterson Research has recorded the following major
sales transactions that occurred in the Tasmania retail market during
the three months to March 2015;
112 Argyle Street, Hobart TAS 7000
A car yard has been sold for $8.413 million, reflecting a rate of nearly
$30,000 psm. The car yard is tenanted by Tilford Auto Group which
retails cars. The siteretails used cars and services Chrysler Jeep
Dodge, Skoda, Land Rover and Jaguar automobile brands.
8.0
6.0
4.0
Economic Statistics
2.0
0.0
Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15
Direct Vacancy Sub-Lease Vacancy
Chart 3 – Hobart CBD Commercial Vacancy Rates – Source PCA
According to the Australian Bureau of Statistics category Retail Trade
(March 2015), the retail turnover figures recorded in Tasmania
produced positive results. The Tasmanian total industry retail turnover
increased by 0.4% over the month of March resulting in total turnover
for the month of $476.7 million. This is a 4.4% increase when
compared to March 2014.
The Tasmanian retail market had produced positive results over the
month of March, except for Food retailing. The highest monthly retail
turnover growth was realised by Café, restaurants and takeaway
service increasing by 2.7% ($49.6 million). Household goods retailing
grew by 0.8% ($93.2 million) and Clothing, footwear and accessory
retailing increased by 0.6% ($31.9 million). Food retailing fell by –0.8%
to a monthly turnover of $207.5 million.
Tasmania Retail Turnover
500.0
4.0
3.5
475.0
3.0
Retail Turnover $ million
2.0
1.5
425.0
1.0
400.0
0.5
0.0
375.0
-0.5
-1.0
350.0
-1.5
Monthly Percentage Change (%)
2.5
450.0
-2.0
325.0
-2.5
Retail Turnover
Mar-15
Jan-15
Feb-15
Dec-14
Oct-14
Nov-14
Sep-14
Jul-14
Aug-14
Jun-14
Apr-14
May-14
Mar-14
Jan-14
Feb-14
Dec-13
Oct-13
Nov-13
Sep-13
Jul-13
Source: ABS/Preston Rowe Paterson Research
Aug-13
Jun-13
Apr-13
May-13
-3.0
Mar-13
300.0
% Change
Chart 4 – Tasmania Retail Turnover – Source ABS
Phone: +61 2 9292 7400
Fax: +61 2 9292 7404
3
prth- 3
Year on year analysis recorded mixed results for Tasmanian retail.
Clothing, footwear and accessory retailing recorded the largest decline
of –7.3%. Café, restaurants and takeaway service fell by –0.4% whilst
Food retailing and Household goods retail both reported an annual
growth of 5.1% and 6% respectively.
Tasmania Retail Turnover
% Monthly Change
0.1
0.08
0.06
Monthly % Change
0.04
Residential Market
Economic Statistics
According to the Australian Bureau of Statistics category 8731.0
Building Approvals March 2015, the total number of house dwelling
approvals in the Hobart Statistical Division over the month has
increased by 34% from 73 approvals to 98 approvals. In
comparison to March 2014, dwelling approvals realised a growth of
88%. The monthly total number of non-house dwelling approvals
increased from 2 approvals to 67 approvals. In comparison to
March 2014 this reflected a decrease of 67%.
0.02
0
Sep-2013
Dec-2013
Mar-2014
Jun-2014
Sep-2014
Dec-2014
Mar-2015
-0.02
The Hobart total dwellings market has recorded a total number of
165 dwelling approvals in the year to date 2015.
-0.04
Hobart SD Dwelling Approvals
-0.06
1,600
-0.08
-0.1
1,400
-0.12
Household goods
Clothing, Footwear
Cafe, Restaurants
Chart 5 – Tasmania Turnover % Monthly Change – Source PCA
Annual Approvals
1,200
Food Retailing
1,000
800
600
Industrial Market
400
200
Preston Rowe Paterson Research has recorded the following
significant sales transaction that occurred in the Tasmanian
Industrial Market, during the three months to March 2015;
0
2005
2006
2007
Source: ABS / Preston Rowe Paterson Research
61 Boland Street, Launceston
TAS 7250
A warehouse facility has been
sold in vacant possession for
$1.705 million. The property
features a 1,500 sqm clear span
warehouse, three roller door
access, 190 sqm of office and
showroom space and on-site
parking. Launceston is located
about 198km north of Hobart.
2008
2009
2010
Houses
2011
2012
2013
2014
YTD 2015
Other
Chart 6 – Hobart SD Dwelling Approvals – Source ABS
HOBART
Market Affordability
According to the Real Estate Institute of Australia (REIA) December
quarter 2014, the Hobart median house price has remains
unchanged to a price of $360,000. A decline of -2.7% was recorded
over the twelve months to December. Mixed quarterly results were
recorded across all cities and zones.
The highest quarterly growth in median house sales prices was
Launceston which grew by 7.2% to $284,000, followed by Middle
Hobart at $319,000 (3.5%). Inner Hobart houses recorded a
quarterly fall of –6% to a median price of $463,500; Outer Hobart by
–3.2% to $348,500 and North-West Centres by –2.3% to $234,500.
Year on year analysis revealed predominantly negative results on
Tasmanian house sales. Launceston median house prices was the
only annual growth recorded of 3.3%. Inner, Middle an Outer Hobart
recorded an annual decline of –1.4% -1.8% and -0.7% respectively.
North-West Centres recorded annual median sales price declines of
–2.3%.
Phone: +61 2 9292 7400
Fax: +61 2 9292 7404
4
prth- 4
Rental Market
Median House Price by Zone
8.00
$450,000
Median House Price
4.00
$400,000
2.00
$350,000
0.00
-2.00
$300,000
-4.00
Quarterly Percentage Change (%)
6.00
-6.00
-8.00
Hobart Inner
Hobart Middle
Source: REIA/Preston Rowe Paterson Research
Hobart Outer
Launceston
The Inner Hobart 3 bedroom, Middle Hobart and Launceston 4
bedroom house median weekly rent remain unchanged at $400,
$410 and $365 respectively.
Year on year analysis also revealed mixed results in Tasmanian
median house rents. An annual growth was recorded across the
Inner Hobart, Launceston and North-West Centres house rents. The
highest annual growth in median weekly rents was reported in NorthWest Centres 4 bedroom house which increased by 29.3% to $375.
The greatest annual decline in median weekly rent was noted in
Outer Hobart 4 bedroom house of –7.3%.
$250,000
$200,000
The December quarter revealed varied results in Tasmanian house
rentals. Rent in the regional cities recorded growth whereas Hobart
house rents remained relatively stable. The highest quarterly growth
was recorded in North-West Centres 2 bedroom house of 12.7% to
medina weekly rent of $248. The largest fall in median weekly rent
was noted in Outer Hobart 4 bedroom house of –8.4% to $394.
North-West Centres
Median House Price Quarterly % Change
Chart 7 – Median House Price by Zone – Source REIA
Similarly, the median other dwellings prices in Tasmania noted
mixed results in the Hobart zones in the December quarter 2014.
The most significant quarterly fall was in Launceston decreasing by
–11.1% to $200,000 median sales prices, followed by North-West
Centres at –6.4% to $201,300 and Middle Hobart at –5.5% to
$225,000. Inner and Outer Hobart median prices grew by 11.6%
and 13.3% to the median sales price of $337,500 and $294,500.
Year on year analysis revealed mixed results recorded as at
December 2014. The largest decline in other dwelling median sales
price was Launceston which fell by –14.9%, followed by Middle
Hobart at –1.1%. The highest annual growth was recorded in Outer
Hobart followed by North-West Centres and Inner Hobart
increasing at 11.3%, 3.2% and 0.7% respectively.
Median Weekly Rents for Houses by Zone
$550
$500
$450
Weekly Median Rent
$500,000
$400
$350
$300
$250
$200
$150
$100
Hobart Inner
Median Price for Other Dwellings by Zone
$325,000
16.00
Hobart Outer
3 Bed House
Launceston
North-West Centres
4 Bed House
10.00
8.00
$250,000
6.00
4.00
$225,000
2.00
0.00
$200,000
-2.00
$175,000
-4.00
Quarterly Percentage Change (%)
12.00
$275,000
Median House Price
2 Bed House
Chart 9 – Median Weekly Rents for Houses by Zone – Source REIA
14.00
$300,000
Hobart Middle
-6.00
$150,000
-8.00
-10.00
$125,000
-12.00
$100,000
-14.00
Hobart Inner
Hobart Middle
Hobart Outer
Median Unit Price
Launceston
There were limited median weekly rent declines recorded in the
December quarter. Inner Hobart 1 bedroom, Middle Hobart 2
bedroom and North-West Centres 1 bedroom other dwelling rents
fell by –8.7%, -4% and –6.3% respectively to $210, $240 and $150.
North-West Centres
Quarterly % Change
Chart 8 – Median Price for Other Dwellings by Zone – Source REIA
Phone: +61 2 9292 7400
Fax: +61 2 9292 7404
Tasmania Other Dwellings rentals revealed predominantly positive
quarterly results. The largest growth were recorded in the
Launceston, Inner Hobart and Outer Hobart 3 bedrooms other
dwellings which reflected a quarterly increase of 22.3%, 13.9% and
17.9% to the median weekly rent of $340, $450 and $330
respectively .
No rental results were recorded for Outer Hobart 1 bedroom other
dwellings in the December quarter 2014.
Year on year analysis of Tasmanian other dwellings rentals has
revealed growth, except for Outer Hobart 2 bedroom which declined
by –6.7% to $280. The highest rental growth was recorded in the
North-West Centres 3 bedroom other dwelling that increased by
33.3% to a median weekly rent of $300.
5
prth- 5
Median Weekly Rents for Other Dwellings by Zone
$500
$450
Weekly Median Rent
$400
$350
$300
$250
$200
$150
$100
Hobart Inner
Hobart Middle
1 Bed Unit
Hobart Outer
2 Bed Unit
Launceston
North-West Centres
3 Bed Unit
Chart 10 – Median Weekly Rents for Other Dwellings by Zone – Source REIA
Hotel & Leisure Market
Preston Rowe Paterson Research recorded the following significant
sales transactions that occurred in the Hobart Hotel Market, during
the three months to March 2015;
St John Street, Launceston, TAS
7250
The Richman family has purchased
The Sebel Launceston hotel from
Tasmanian Boutique Hotels Pty Ltd
for $10 million. The 4.5 stars hotel
features 49 rooms of one and two
bedders across 8 storeys,
conference room, fitness centre,
restaurant and bar. The average occupancy rate at the Sebel in
2013-14 was 79.3%, which is better than the Tasmanian average of
58.5%. The sale reflects a rate of $204,081.65 per room.
139 Wilson Street, Burnie TAS
7320
The Comfort Hotel Burnie was
sold for $1.5 million. The 3 star
hotel features 55 rooms across 4
levels, restaurant, bar and lounge,
business centre, and a function
room for up to 350 seatings. The
sale reflects a rate of $27,272.70 per room. Burnie is located
approximately 47km east of Devonport and 296km northeast of
Hobart.
Phone: +61 2 9292 7400
Fax: +61 2 9292 7404
6
prth- 6
Economic Fundamentals
Unemployment (Rate and Persons)
In seasonally adjusted terms, the main industry gross value added
contributors to GDP were Mining (+0.5%), Financial and insurance
services (+0.5%) and Healthcare and social assistance (+0.3%). In
trend terms, the largest detractor was the Professional, scientific and
technical services (-0.5%).
7.00
825,000
6.50
5.50
725,000
5.00
675,000
4.50
625,000
4.00
575,000
3.50
525,000
3.00
450,000.0
5.0
400,000.0
4.0
2.0
1.0
200,000.0
0.0
Sep-14
Mar-15
Sep-13
Mar-14
Sep-12
Mar-13
Sep-11
Mar-12
Unemployment Rate
Interest Rates
3.0
300,000.0
250,000.0
Sep-10
Unemployed Persons
Chart 12 – Unemployment – Source ABS
Percentage (%)
GDP Millions
350,000.0
Mar-11
Sep-09
2.00
Mar-10
425,000
Sep-08
2.50
Mar-08
475,000
Gross Domestic Product
Unemployment rate (%)
6.00
775,000
Mar-09
GDP figures for the March quarter 2015 are not available until the
3rd June 2015, however, over the December 2014 quarter revealed
that the Australian economy recorded growth of 0.55% seasonally
adjusted which reflected growth of 2.47% seasonally adjusted over
the twelve months to December 2013.
Unemployed persons '000
GDP
875,000
As at the date of publishing, the official Cash Rate over the March
quarter 2015 has decreased by 25 basis points to 2.25%. The
Reserve Bank of Australia’s Media Release for March 2014, released
3rd March 2014 explained that;
150,000.0
5.0
4.0
3.0
2.0
1.0
Source: RBA /Preston Rowe Paterson Research
Mar-15
Sep-14
Dec-14
Jun-14
Mar-14
Dec-13
Jun-13
Sep-13
0.0
Dec-12
Tasmania experienced an absolute decrease over the quarter in
seasonally adjusted employment by 2,023 persons to 239,354
persons. The unemployment status in Tasmania has remain
unchanged at 6.6% in the March quarter.
6.0
Mar-13
The number of unemployed seeking full time employment recorded
an increase over the month of March by 700 to 546,800 persons,
reflecting a growth of 0.13%. The number of unemployed seeking
part time employment recorded a decreased over the month by 2,200
to 217,700 persons, reflecting a decrease of 1.05%.
Interest Rate Movements
7.0
Jun-12
Over the month to March 2015, the number of unemployed people
decreased by 1,530 from 766,038 in February to 759,156 in March
which is a 0.20% decrease. In comparison to March 2014, the
number of unemployed people has increased by 42,327 which
reflected an annual increase of 5.90%. The unemployment rate as at
March 2015 is 6.2%.
Sep-12
Labour force
Mar-12
Chart 11 – Gross Domestic Product (GDP) – Source ABS
Sep-11
% Change Seasonally Adjusted
Dec-11
Gross Domestic Product Seasonally Adjusted
Jun-11
Source: RBA /Preston Rowe
Paterson Research
Dec-10
-3.0
Australia the available information suggests that growth is
continuing at a below-trend pace, with domestic demand growth
overall quite weak. As a result, the unemployment rate has gradually
moved higher over the past year. The economy is likely to be
operating with a degree of spare capacity for quite some time
yet...Credit is recording moderate growth overall, with stronger
growth in lending to investors in housing assets...The Bank is
working with other regulators to assess and contain risks that may
arise from the housing market. In other asset markets, prices for
equities and commercial property have risen, in part as a result of
declining long-term interest rates.”
Mar-11
-2.0
0.0
Jun-06
Sep-06
Dec-06
Mar-07
Jun-07
Sep-07
Dec-07
Mar-08
Jun-08
Sep-08
Dec-08
Mar-09
Jun-09
Sep-09
Dec-09
Mar-10
Jun-10
Sep-10
Dec-10
Mar-11
Jun-11
Sep-11
Dec-11
Mar-12
Jun-12
Sep-12
Dec-12
Mar-13
Jun-13
Sep-13
Dec-13
Mar-14
Jun-14
Sep-14
Dec-14
50,000.0
“In
Percentage (%)
-1.0
100,000.0
Cash Rate
Chart 13 – Cash Rate—Source RBA
Phone: +61 2 9292 7400
Fax: +61 2 9292 7404
7
prth- 7
Consumer Sentiment Index
CPI
130
80.0
Aus All Groups
60.0
40.0
20.0
70
Sep-14
Mar-15
Sep-13
Mar-14
Sep-12
Mar-13
Sep-11
Mar-12
Sep-10
Mar-11
Sep-09
Mar-10
Sep-08
Mar-09
Sep-07
Mar-08
Sep-06
Mar-07
Sep-05
60
Consumer Sentiment Index
Chart 15—Consumer Sentiment Index—Source Westpac Melbourne
Institute
Sep-14
Australian Exchange Rates
Mar-15
Sep-13
Mar-14
Sep-12
Mar-13
Sep-11
Mar-12
Sep-10
Mar-11
Sep-09
Mar-10
Sep-08
Mar-09
Sep-07
Mar-08
Sep-06
Mar-07
0.0
Mar-06
80
Annual % Change
Chart 14 – Consumer Price Index – Source RBA
Over March quarter 2015, the Australian Dollar fell significantly
against the US Dollar, decreasing from $0.8202 in December to
$0.7634 in March. Over the twelve months to March, the Australian
dollar has decreased by 17.21% from $0.9221 USD.
The Australian Dollar also recorded a quarterly decline against the
British Pound and the Japanese Yen. The Australian Dollar
exchange rates against the Pound and Yen fell by 2% and 6.4%
respectively. The Australian Dollar rose against the Euro by 4.80%.
Year on year analysis saw the Australian Dollar decline against the
British Pound by 6.85% to £0.5164 and 3.28% in the Yen to ¥91.72.
The Australian Dollar experienced an annual increase against the
Euro of 5.41% €0.7070.
Movement in Exchange Rates
Consumer Sentiment
100
90
0.90
80
0.80
70
0.70
60
0.60
50
0.50
40
0.40
0.30
30
0.20
20
Mar-06
Jun-06
Sep-06
Dec-06
Mar-07
Jun-07
Sep-07
Dec-07
Mar-08
Jun-08
Sep-08
Dec-08
Mar-09
Jun-09
Sep-09
Dec-09
Mar-10
Jun-10
Sep-10
Dec-10
Mar-11
Jun-11
Sep-11
Dec-11
Mar-12
Jun-12
Sep-12
Dec-12
Mar-13
Jun-13
Sep-13
Dec-13
Mar-14
Jun-14
Sep-14
Dec-14
Mar-15
The Index is returning to its pre-budget level in May 2014. Westpac’s
Senior Economist, Matthew Hassan commented; “Some softening in
sentiment was always likely in March given the big lift (in February)
following the RBA’s surprise 25bp rate cut… The overall message
seems to be that while consumers remain very concerned about the
outlook for the economy and job security, they are less concerned
than they were in December and acknowledge the more positive
situation around interest rates.”
110
1.10
1.00
1 $AUD buys (US, UK, Euro)
The Westpac Melbourne Institute of Consumer Sentiment Index fell
by 1.2% in March from 100.7 index points in February to 99.5 index
points in March. Over the quarter the index has increased by 8.4
points, a 9.22% growth. Over the twelve months to March 2015 the
index recorded no annual change.
1.20
1 $AUD buys (Yen)
100.0
Annual % Change
8
7.5
7
6.5
6
5.5
5
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
-0.5
All Groups CPI - Australia
90
Exchange Rates & Equity Markets
Consumer Price Index
120.0
100
Mar-06
The Housing Group increased by 0.8% over the March quarter. The
main contributors to the price rise were in new dwelling purchase by
Owner-occupiers and Electricity recording a growth of 0.9% and
1.9% respectively. Over the twelve months to March 2015, the
housing group recorded growth of 2.7% which was backed by the
4.8% annual growth in new dwelling purchases by Owner-occupiers
and a 2.1% rise in Rents.
110
Mar-05
The most significant price rises over the March quarter were for
Domestic holiday travel and accommodation (+3.5%), Tertiary
education (+5.7%) and Medical and hospital services (+2.2%). The
greatest price fall over the March quarter was attributed to
Automotive fuel (-12.2%) and Fruit (-8%).
120
Consumer Sentiment
According to the Australian Bureau of Statistics (March 2015), the
Australia’s All Groups CPI increased by 0.2% over the March
quarter from 106.6 to 106.8. The annual CPI change to March 2015
recorded a growth of 1.3%.
US $
UK Pound
Euro
Yen
Chart 16 –Movement in Exchange Rates – Source RBA
Phone: +61 2 9292 7400
Fax: +61 2 9292 7404
8
prth- 8
Our Research
At Preston Rowe Paterson, we pride ourselves on the
research which we prepare in the market sectors within
which we operate. These include Commercial, Retail,
Industrial, Hotel & Leisure and Residential property markets as well as infrastructure, capital and plant and machinery markets
We have property covered
· Investment
· Development
· Asset
· Corporate Real Estate
· Mortgage
· Government
· Insurance
· Occupancy
· Sustainability
· Research
· Real Estate Investment Valuation
· Real Estate Development Valuation
· Property Consultancy and Advisory
· Transaction Advisory
· Property and Asset Management
· Listed Fund, Property Trust, Super Fund
· and Syndicate Advisors
· Plant & Machinery Valuation
· General and Insurance Valuation
· Economic and Property Market Research
We have all real estate types covered
We regularly provide valuation, property and asset management, consultancy and leasing services for all types
of Real Estate including:
· CBD and Metropolitan commercial office buildings
· Retail shopping centres and shops
· Industrial, office/warehouses and factories
· Business parks
· Hotels (accommodation) and resorts
· Hotels (pubs), motels and caravan parks
· Residential development projects
· Residential dwellings (individual houses and apartments/units)
· Rural properties
· Special purpose properties such as: nursing homes;
private hospitals, service stations, oil terminals and
refineries, theatre complexes; etc.
· Infrastructure
Phone: +61 2 9292 7400
Fax: +61 2 9292 7404
We have all types of plant & machinery
covered
We regularly undertake valuations of all forms of plant,
machinery, furniture, fittings and equipment including:
· Mining & earth moving equipment/road plant
· Office fit outs, equipment & furniture
· Agricultural machinery & equipment
· Heavy, light commercial & passenger vehicles
· Industrial manufacturing equipment
· Wineries and processing plants
· Special purpose plant, machinery & equipment
· Extractive industries, land fills and resource based
enterprises
· Hotel furniture, fittings & equipment
We have all client profiles covered
Preston Rowe Paterson acts for an array of clients with
all types of real estate, plant, machinery and equipment
interests such as:
· Accountants
· Banks, finance companies and lending
institutions
· Commercial and Residential non bank lenders
· Co-operatives
· Developers
· Finance and mortgage brokers
· Hotel owners and operators
· Institutional investors
· Insurance brokers and companies
· Investment advisors
· Lessors and lessees
· Listed and private companies corporations
· Listed Property Trusts
· Local, State and Federal Government Departments and Agencies
· Mining companies
· Mortgage trusts
· Overseas clients
· Private investors
· Property Syndication Managers
· Rural landholders
· Self managed super funds
· Solicitors and barristers
· Sovereign wealth funds
· Stock brokers
· Trustee and Custodial companies
9
prth- 9
We have all locations covered
From our capital city and regional office locations we
serve our client’s needs throughout Australia. Globally, we
operate directly or via our relationship offices for special
purpose real estate asset classes, infrastructure and plant
& machinery.
We have your needs covered
Our clients seek our property (real estate, infrastructure,
plant and machinery) services for a multitude of reasons
including:
· Acquisitions & Disposals
· Alternative use & highest and best use analysis
· Asset Management
· Asset Valuations for financial reporting to meet ASIC,
AASB, IFRS & IVSC guidelines
· Compulsory acquisition and resumption
· Corporate merger & acquisition real estate due diligence
· Due Diligence management for acquisitions and sales
· Facilities management
· Feasibility studies
· Funds management advice & portfolio analysis
· Income and outgoings projections and analysis
· Insurance valuations (replacement & reinstatement
costs)
· Leasing vacant space within managed properties
· Listed property trust & investment fund valuations & revaluations
· Litigation support
· Marketing & development strategies
· Mortgage valuations
· Property Management
· Property syndicate valuations and re-valuations
· Rating and taxing objections
· Receivership, Insolvency and liquidation valuations and
support/advice
· Relocation advice, strategies and consultancy
· Rental assessments and determinations
· Sensitivity analysis
· Strategic property planning
Phone: +61 2 9292 7400
Fax: +61 2 9292 7404
10
prth- 10
Sydney (Head Office)
Capital City Offices
New Zealand Offices
Level 14, 347 Kent Street
Sydney NSW 2000
Adelaide
Dunedin
PO BOX 4120, Sydney NSW 2001
Brisbane
Greymouth
P: 02 9292 7400
Hobart
Hamilton & Morrinsville
F: 02 9292 7404
Melbourne
New Plymouth
E: research@prpsydney.com.au
Sydney
Tauranga
Wellington
W: www.prpsydney.com.au
Follow us:
Regional Offices
Albury Wodonga
Ballarat
Bendigo
Directors
Central Coast/Gosford
Gregory Preston
M: 0408 622 400
E: greg.preston@prpsydney.com.au
Geelong
Gold Coast
Gregory Rowe
M: 0411 191 179
E: greg.rowe@prpsydney.com.au
Gippsland
Griffith
Associate Directors
Horsham
Elizabeth Duncan
M: 0448 656 103
E: elizabeth.duncan@prpsydney.com.au
Mornington
Michael Goran
M: 0448 757 134
E: michael.goran@prpsydney.com.au
Wagga Wagga
Erika Minnaard
M: 0448 886 335
E: erika.minnaard@prpsydney.com.au
Neal Smith
M: 0448 656 647
E: neal.smith@prpsydney.com.au
Newcastle
Warrnambool
Relationship Offices
Canberra
Darwin
Perth
Preston Rowe Paterson NSW Pty Ltd
ABN: 61 003 139 188
The information provided within this publication
should be regarded solely as a general guide.
We believe that the information herein is accurate however no warranty of accuracy or reliability is given in relation to any information contained in this publication. Nor is any responsibility
for any loss or damage whatsoever arising in any
way for any representation, act or omission,
whether expressed or implied (including responsibility to any person or entity by reason of negligence) accepted by Preston Rowe Paterson
NSW Pty Ltd or any of its associated offices or any
officer, agent or employee of Preston Rowe
Paterson NSW Pty Limited.
Other regional areas
Phone: +61 2 9292 7400
Fax: +61 2 9292 7404
11
prth- 11

TAS Market Report March 2015 - Preston Rowe Paterson . Sydney

Transcription

Similar documents

HOBART HIGH SCHOOL

Brickie Ambassadors - School City of Hobart

TAS Market Report Dec 2015 - Preston Rowe Paterson. Australia

TAS Market Report March 2016 - Preston Rowe Paterson. Australia

Tasmania Property Market Report - June 2015

THE UNQUOWA SCHOOL

Discount Directory TFGA MEMBER

Hobart and Beyond - Business Events Tasmania

Douglas County School Nutrition Warehouse Surplus

Expressions of interest - information document

1 - Paterson Historical Society

Olde South Crossing