Property conveyancing is the process used to buy or sell houses

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While take-up of larger premises (over 3,000sq.m) has been lower this year, strongest demand remains in the traditional sub 2,000sq.m end of the market. Perth’s industrial market has recorded mixed performances over the past couple of years however the recent gas deals and prospects of stronger economic conditions is starting to drive renewed interest in business investment and expansion. Activity in Melbourne and Sydney continues to be boosted by a very buoyant develop- ment market. Sydney has recorded a large number of pre-commitments along the M& Orbital corridor this year.

Consistently inconsistent is the best way to describe rental growth patterns at the moment. Prime rents have increased between 0-9% over the past year across the markets monitored by Knight Frank. The opposite is happening in high price areas such as Port Melbourne and South Sydney as they cope with a pricing disadvantage to the newer areas.

Both markets are coming off a low base but demand is increasing off the back of the opening of the M5 (in Sydney) and the infrastructure improvements around the Port of Adelaide and the Darwin rail head. This variation in rents is structural in nature and is likely to take some time to wash through. The development market in most cities is quite robust, however this is having a major impact on the letting and rental prospects for existing buildings in many cities. Nationally, the market supplied an additional 750,000sq.m of purpose built space (over 3,000sq.m) last year. The development market has become ultra competitive as more developers chase the limited number of tenants requiring new premises. Pre-commitment rental packages have become very sharply priced to lure new tenants, some at the expense of margins.

But the insurance E Conveyancing Brisbane company said the increase should be voided because the law firm did not tell Continental about pending and potential claims when it applied for the increase and for a subsequent extension in 2002.The Table below highlights the current rates for equivalent 5,000-10,000sq.m office/ warehouse properties.Pre-commitment rents in Melbourne, Sydney, Brisbane & Perth are at or below those available in existing buildings (particularly for larger premises. ). Adelaide is the only market where a sizeable premium for new space is still being achieve.