@@paliseproperty Great Informative Video!! Love it, Is the $815k increase in valuation just from the Mezzanine Floor or after its is converted to Office Space aswell? Video mentioned office Fitout cost was $225k
True but the BIS, That is the Central banks of central banks made gold a tier one asset that sits next to the USD and has no counterparts risk, also cb snapping it up.
Vacancy rate in this area is sub 1.5%. Industrial properties here are typically filled in less than 2 months: www.cbre.com.au/insights/reports/australia-industrial-logistics-vacancy-report-h1-2024#:~:text=The%20national%20vacancy%20rate%20has,being%20added%20to%20the%20market.
@@paliseproperty well if the market is taking 1.3 mill for a dump in Sydney one must ask the question of value for money….is it that valuable or, is the AUD that weak? One way of finding out is averaging let’s say compare to 1980. Get median house price, median wage and gold per oz for 1980, how many oz of gold you would use to buy a house, then repeat for todays median house, wages and value of gold, l have worked this out previously and the housing prices are a massive bubble…just saying; on this principle houses should be a little over $450k AUD.
@@paliseproperty Also, commercial banks are offloading office blocks for 10% from last price sale in the USA, they are racing to get them off their books as they are deemed a liability over there.
@@darylroughley2807 I personally do not think the gold standard is still applicable now days. As a previous mineral processing engineer (in the mining field!) gold is no longer a scarce resource. When I was buying property in Sydney for $300k 12 years ago I had people saying the same argument.
@@darylroughley2807 this is becuase office blocks are oversupplied. I have never bought them as they are comparable to high density apartments. Air space is not a finite resource. This is why every property investment you make SHOULD have a land component.
Such a crazy amount of uplift in a short period of time!! Mind blown.
It is so simple! This is the 5th time so definitely a rinse and repeat strategy!
@@paliseproperty Great Informative Video!! Love it,
Is the $815k increase in valuation just from the Mezzanine Floor or after its is converted to Office Space aswell? Video mentioned office Fitout cost was $225k
incredible uplift in one weekend... 15x return in one weekend
Thank you so much!
Spot on!
@stevepalise Is this property sourced by you ? How frequent you get these type of uplift deals. Do you see the same uplift in sub million dollar range
We get deals like this all the time and have great contacts with builders in each capital cities.
In one weekend 😅 insane.
so good hey!
True but the BIS, That is the Central banks of central banks made gold a tier one asset that sits next to the USD and has no counterparts risk, also cb snapping it up.
This is why I buy land though as it is the only thing they arent making more of!
great work!
thanks mate!
Great videos. More walk throughs on uplift/value add deals. Keep it up, great video. Love it
Thank you so much mate!
Good work! But the real value depends on tenanting it! Until then...it's all paperwork
Vacancy rate in this area is sub 1.5%. Industrial properties here are typically filled in less than 2 months: www.cbre.com.au/insights/reports/australia-industrial-logistics-vacancy-report-h1-2024#:~:text=The%20national%20vacancy%20rate%20has,being%20added%20to%20the%20market.
Commercial property at this time is a self loading self harm gun.
Do you also think the same about residential? If not, why is it different?
@@paliseproperty well if the market is taking 1.3 mill for a dump in Sydney one must ask the question of value for money….is it that valuable or, is the AUD that weak? One way of finding out is averaging let’s say compare to 1980. Get median house price, median wage and gold per oz for 1980, how many oz of gold you would use to buy a house, then repeat for todays median house, wages and value of gold, l have worked this out previously and the housing prices are a massive bubble…just saying; on this principle houses should be a little over $450k AUD.
@@paliseproperty Also, commercial banks are offloading office blocks for 10% from last price sale in the USA, they are racing to get them off their books as they are deemed a liability over there.
@@darylroughley2807 I personally do not think the gold standard is still applicable now days. As a previous mineral processing engineer (in the mining field!) gold is no longer a scarce resource. When I was buying property in Sydney for $300k 12 years ago I had people saying the same argument.
@@darylroughley2807 this is becuase office blocks are oversupplied. I have never bought them as they are comparable to high density apartments. Air space is not a finite resource. This is why every property investment you make SHOULD have a land component.
Right, these wise guys are smoke and mirrors merchants.
what are you on about - we literally give you a full break down of the costs involved, and the valuers valuation? What more information are you after?