The Len Greedy and Alan Gray Team
Commercial Caloundra Edition 5 - 2012
New face
The Year That Was...
Ray White Commercial Caloundra welcomes a new member to the team, Peter Capps.
In a challenging local market Ray White Commercial Caloundra emerged a clear winner, dominating sales and leasing transactions. The multi-million dollars worth of sales contracts were the direct result from the continued dedication, client service and hard yards put in by the entire team.
trend in the last quarter with a range of buyers entering the market place looking for opportunities. These same buyers, both owner operators and investors have monitored the market over a period of time and are now motivated to take action.
Working closely with property owners that were willing to meet the market and matching those properties to our extensive data base of active buyers was both exacting and rewarding.
Why? - the general consensus is that if we are not at the bottom of the market we are not far off it. Commercial interest rates are at more affordable levels than they have been for years and self funded superannuants feel more secure with commercial property returns of 8-9% than investing in the share market or depositing cash in term deposits.
Peter Capps
Peter is currently studying Property Economics and Development at the University of the Sunshine Coast and will be working part-time with the Ray White Team to gain first hand knowledge of the commercial industry. Peter will experience the day to day operations of a commercial agent. This includes meeting with clients, helping to build specific databases and the legal processes involved with contracts, appointment forms and other documents. Len and Alan are committed to putting something back into the commercial industry as it has been very rewarding to them over many, many years. They have actioned a plan to bring through a number of trainees over the next three years so that the dominant brand of Ray White Commercial Caloundra continues into the future.
Meet Peter Capps
Buyers wish they had a crystal ball to predict cycles as to when the property market bottoms out and also when to lock in interest rates before they begin their inevitable climb skyward. No crystal ball, but there has been a
We are confident that this trend will continue throughout 2013.
The Power of Marketing Len and Alan recently auctioned an industrial property in Little Mountain after the owners had agreed to invest in a 4 week marketing program. This incorporated advertising in the print media along with promoting the property on four internet sites. The property attracted strong interest with the break down of enquiry being 18 parties from the internet, 15 parties from print media and 8 from the onsite signage. Of this enquiry, 6 parties confirmed ongoing interest. The property was sold in the week leading up to auction on a cash unconditional basis under instruction from the very satisfied vendors. This was evidence that a balanced marketing campaign is very effective as we had enquiry from regional mining centres, interstate, Brisbane and locally.
SOLD
Commercial Caloundra