When acquiring commercial real estate, seasoned investors know that the headline price and gross rental income only tell part of the story. Unlike residential investments where management expenses follow a relatively predictable pattern, commercial ones have a unique operational layer: outgoings. This article explains commercial outgoings and how they’re structured, managed and allocated. Commercial outgoings…
Petrie Village Shopping Centre changes hands Sydney-based property developers Evan Benjamin and Ashley Agostino of Bentino, have acquired Petrie Village Shopping Centre in a pre-market sale for $12 million with the intention to redevelop the centre Located at 13-19 Dayboro Road in Petrie, the 3,792 sqm neighbourhood shopping centre is anchored by a 3,096 sqm…
The proposed changes to capital gains tax and negative gearing would boost demand for new builds and kick start a fresh development boom as residential projects become more feasible, property pros tell Green Street News. The federal government scrapped negative gearing benefits on existing properties, although new builds, build-to-rent developments, superannuation funds and properties acquired…
This week’s Federal Budget has accelerated something we were already seeing on the ground, a widening divide between premium assets and everything else. By now you will have seen the headlines from Tuesday night’s Federal Budget. The Budget has accelerated something that was already in motion, a widening divide between premium assets and everything else….
Property investors may be more likely to put their money in commercial real estate rather than housing following tax changes announced in the federal budget this week, industry figures say. Source: AFR Labor abolished negative gearing for established residential properties purchased after the budget announcement on Tuesday and announced the 50 per cent capital gains…
Following a strong period of national activity, Senior Associate Zack has been a core driver of Costi Cohen’s development pipeline this financial year. Since July he has contributed to more than $106,000,000 in commercial transactions with a focus on development, mixed-use and strategic metropolitan infill sites across the eastern and western seaboard. Now in…
