Owner occupier active in Mulgrave

14 Pickering Road Mulgrave

The owner occupier market continues to strengthen, as demonstrated by the recent vacant possession sale of this modern 971 sq.m office warehouse, achieving $1,627 sq.m

Mark Spigelman
mark@lawsonrealestate.com.au

Keysborough development sites sells for $431.00 sq.m

197-199 Cheltenham Road Keysborough

Our office recently sold this corner development site of 2085 sq.m achieving $431.00 sq.m

Steven Lawson
steven@lawsonrealestate.com.au

CPI downward movement for 1st quarter '16

Office suites in demand with owner occupiers

SOLD:  8/756 Blackburn Rd Clayton within "Monash Corporate Centre"

Modern light filled self contained office suite of 89 sq.m sold to an owner occupier.

Steven Lawson
steven@lawsonrealestate.com.au

Rare Burwood owner/occupier opportunity

11 Harker Street Burwood

https://www.youtube.com/watch?v=sUQExZ7qGwk

Steven Lawson
steven@lawsonrealestate.com.au

CPI December '15 continues the upward trend

Out of control outgoings are killing rent growth in unit developments

OUTGOINGS AS A PERCENTAGE OF ANNUAL RENTAL HAVE DOUBLED IN PAST 5 YEARS OR SO!
Escalating Owners Corporation fees, Council and Water rates, plus other charges such as ESM are now getting up around 25% of the annual rental. We have seen some as high as 30%.

The rule of thumb used to be more like 10%-15%.

Tenants look at the total occupancy cost, rent plus outgoings, with outgoings increasing at this rate, it is restricting rent growth.

Steven Lawson

steven@lawsonrealestate.com.au