News
Australia’s CPI Falls to 2.8% as Inflation Hits a Post-Pandemic Low: Outlook for Interest Rate Cuts. 📉🎢📈📊
The recent release from the Australian Bureau of Statistics (ABS) shows that inflation in Australia has eased significantly, with the national annual Consumer Price Index (CPI) falling to 2.8% after a modest 0.2% rise in the September quarter. This is the lowest quarterly increase since June 2020, marking a hopeful sign for borrowers and businesses alike. Meanwhile, Sydney recorded a CPI of 2...
Are You Losing Money with the Wrong Property Manager? M5 Industrial Can Help!
Are You Losing Money with the Wrong Property Manager? Industrial property management is a complex field that requires specialised knowledge, strategic planning, and a deep understanding of market dynamics. If you're partnered with a property manager who lacks these essential skills and expertise, you could be losing substantial income and missing growth opportunities. Inefficiencies in tenant...
Kingsgrove Bus Depot Conversion for Zero Emission Buses Program
The Kingsgrove Bus Depot is undergoing a major conversion to zero emissions technology to accommodate a new fleet of approximately 155 battery electric buses. This project is part of the Transport for NSW’s broader initiative to transition over 8,000 diesel and natural gas public transport buses across the state to zero emissions technology by 2047. The works commencing on Tuesday 8th O...
🚨 Tenant Ledgers Don’t Lie! 🚨
Is your property manager checking your incoming tenant's rental ledger? 📊 If not, you may be missing out on the most critical tool for determining whether a tenant is reliable. A tenant ledger is the one piece of objective evidence that proves if a tenant pays rent on time, every time! What is a Tenant Ledger? A tenant ledger is a detailed, documented record of every rental payment made...
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...