I read and posted a blog entry yesterday stating that the commercial sales drought in the Sydney CBD is showing no signs of recovery
During September, three major properties (1 Castlereagh St, 20 Hunter St and 140 Sussex St) were taken off the market as institutional owners sought to recapitalise their balance sheets.
With the Sydney office leasing market in a recovery phase, owners are taking the opportunity to withdraw buildings from the market. The thinking is they can strengthen the tenancy profile of their properties and potentially re-list them for sale in a stronger investment market.
What do you guys think of the state of the commercial market, especially in sydney right now?
Considering the lack of supply and very soft yields (reflecting the level of risk) there are some good investments to be had provided you have suitably structured finance. Balance sheets have been corrected (although there are still another 2 years of corrections to wash through the val system) thus returning towards the long-term averages for commercial/retail yields.
I have clients from overseas lined up to buy in Sydney CBD especially hotels/motels. Problem is there is no stock at reasonable yields. Anything that becomes available will be quickly sold. The big agents are a problem because they accept listings at unrealistic prices which are not borne out by due diligence. Many commercial loans will have to be refinanced soon and this may lead to some more stock. Reegional towns provide far better returns for investors.
It sounds as though you have a number of interests in life and that you are keen to start a career.
A real favourite expression of mine comes from the film Patch Adams apparently quoted from Mendelssohn that you should focus on the solution not the problem. I always think about when I am trying to make decisions about my life. If you put too much energy into worrying about the problems and the minor details you will struggle to see clearly enough to focus on the solutions.
It's a real shame that you have given up the passions in life and I would say you really ought to go and spend 30 mins playing guitar or piano. Music for me was a huge release when I was struggling with personal problems growing up. As I got older and had more responsibility I stopped playing as much and didn't realise that I needed it to help release stress. Playing music is also a great way to make friends and is a good way to socialise.
Career wise you have a great variety and choice as you are clearly very articulate and sound able to apply yourself to a number of fields. It is really hard to find the so called "ideal job" it means different things for different people. Just keep persevering and you will find something that you can excel and succeed at. If you start to feel down about yourself you will find it hard to do well in interviews, as people often look at whether they can get on with the applicant over whether they tick all the boxes.
I'm sure if you stay positive it will all come together.
Good luck Estate Agentsnormanfisher wrote:It sounds as though you have a number of interests in life and that you are keen to start a career.
A real favourite expression of mine comes from the film Patch Adams apparently quoted from Mendelssohn that you should focus on the solution not the problem. I always think about when I am trying to make decisions about my life. If you put too much energy into worrying about the problems and the minor details you will struggle to see clearly enough to focus on the solutions.
It's a real shame that you have given up the passions in life and I would say you really ought to go and spend 30 mins playing guitar or piano. Music for me was a huge release when I was struggling with personal problems growing up. As I got older and had more responsibility I stopped playing as much and didn't realise that I needed it to help release stress. Playing music is also a great way to make friends and is a good way to socialise.
Career wise you have a great variety and choice as you are clearly very articulate and sound able to apply yourself to a number of fields. It is really hard to find the so called "ideal job" it means different things for different people. Just keep persevering and you will find something that you can excel and succeed at. If you start to feel down about yourself you will find it hard to do well in interviews, as people often look at whether they can get on with the applicant over whether they tick all the boxes.
I'm sure if you stay positive it will all come together.
Good luck Estate AgentsI agree with you. Now a days it is very hard to find out a “ideal job”. You can never be satisfied by what you have. So it is clever to search for better opportunity always. You should do in what you find interest.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
