Savills Australia Sellers Guide

Economic Conditions Economic conditions significantly impact property valuation. Factors like interest rates, population growth, wage increases, GDP, and employment rates directly influence real estate markets. Lower rates and strong economic indicators typically boost property values, while downturns or stagnant growth can suppress demand, affecting property prices negatively. Comparable Market Analysis Our team provides a detailed assessment of recent sales within the past 6 to 18 months, specifically examining properties similar in standards or condition to the one being sold. We meticulously select comparable properties by evaluating factors such as condition, size, value, geographic location, and sale date to provide an accurate comparison. Zoning and Land Use Zoning designations, governed by local authorities, dictate allowable commercial activities, profoundly impacting a property’s potential and development. Crucial for investors assessing property viability. Property Values What’s the value of your property? When it comes to commercial properties, their valuation and assessment are intricate processes. This involves a careful consideration of factors which contributes to property’s value such as size, rental returns, market yields, the potential for robust capital growth, occupancy, location and market conditions. Property Factors The physical attributes of a property hold utmost importance in determining its value. Factors such as the property’s initial impression, the condition of its building systems and facilities, structural integrity, spatial layout, development possibilities, and location significantly influence its overall value. Supply and Demand The relationship between available commercial real estate options and the demand for them significantly influences property value. Various factors, such as changing workplace trends, shifts in population dynamics, or an areas infrastructure pipeline will contribute to shaping the balance between supply and demand in the real estate market. Energy Efficiency In the present environmentally aware climate, energy-efficient commercial properties hold substantial value. Focusing on energy efficiency not only cuts expenses but also positions property owners and investors as proponents of sustainability and smart investment choices. At Savills, we’ve got our finger on the pulse when it comes to what makes or breaks property values . Savills Sellers Guide | 9