International valuation company Opteon has appointed a third Non-Executive Director to the board

LESLIE-BUTTERFIELD

Leslie Butterfield will be working alongside CEO Chris Knight, Chair and Non-Executive Director Michael Renshaw and the Board of Directors on continuing to bring Opteon’s growth plans and innovation strategy to life.

Leslie commented on her newly appointed position “I’m thrilled to be joining the Opteon board at such an exciting time in the company’s history. I’m looking forward to working with the board on continuing to bring Opteon’s aggressive growth plans and innovation strategy to life.”

Leslie has a wealth of international and local experience in corporate advisory, corporate finance, project management, business development and strategic planning.

Leslie is currently also a Non- Executive Director on the boards of ASX listed Vivid Technology Limited, RKF Engineering and the Australian Literacy and Numeracy Foundation.

CEO Chris Knight said “As our newly appointed Non-Executive Director, Leslie is well placed to help guide Opteon on its growth journey, and assist us in meeting our Vision 2021 strategy.”

State of the Market Breakfasts

Opteon hosted the annual ‘State of the Market’ breakfast events in Mackay  & Rockhampton last week with 175 attendees collectively which included accountants, solicitors, banks, brokers, developers, builders, mayor, councillors and the local members of parliament.

Notable market information included: 72% decline in Moranbah and an 86% decline in Dysart from 2012 to date.

Congratulations Cubetec in taking home the RICS Technology Innovation Team of the Year Award!

Opteon are very proud to announce that Cubetec, a wholly owned subsidiary company of Opteon, have been awarded the RICS Technology Innovation Team of the Year Award.  Recognised for developing a platform that delivers next generation system solutions, driving innovation and productivity.  Congratulations to Rob Tot, Ben Kent and Marcus Lens, and the whole team who have been involved!

2017 Opteon Award Winners

The Opteon Reward & Recognition Program is an opportunity to recognise the contribution and outstanding performance of teams and individuals within our company. The awards recognise our team members who actively promote our values to be inclusive, positive and innovative.

Pictured L-R: David Moore, Jessica Kilsby, CEO Chris Knight and Henry Pinto

Mark Christie Leadership Award
David Moore, Director – Technical Services Perth

CEO Award for Excellence
Henry Pinto, Regional Manager Sydney

Emerging Professional Award
Not Pictured: Kerryn Ball, Government Services Victoria

The Inaugural Customer Service Advocate Award
Jessica Kilsby, Commercial Valuer Mt Gambier

Opteon’s Stuart Bridgman Awarded API’s Meritorious Service Award

Opteon senior residential valuer Stuart Bridgman has been recognised for his contribution to the Australian Property Industry (API) who have awarded him the ‘Meritorious Service Award’

This prestigious award recognises Stuart’s long term work with various committees and his proactive work with students. After 11 years Stuart recently retired from the API Membership Admissions Committee who assess graduates and their reports for admission to the API. However he remains a member of the  API Property Finance (Residential) committee, and continues to be an active advocate and adhoc advisor to the API for various matters including the submission to the API on the IPMS and the issues surrounding the measurement of apartments in Victoria.

Stuart has represented the API at the University of Melbourne Open Day events  and spoken to property students on the benefits of joining the Property Industry and joining the API. He has also presented to RMIT University property students about the benefits of the API and advised lecturers on issues within the valuation industry. He was also a member of the API RMIT focus group on The Future Property Profession in Australia.

Congratulations Stuart for this distinguished industry award. And thank you for your contribution to the valuation profession and mentoring the next generation of property valuers.

Opteon and Cubetec Sponsors Local Victorian Government Conference

Lorne played host to the recent annual country conference for the Revenue Managers Association of Victoria

The local Opteon and Cubetec teams met with the key influencers from local councils to promote Opteon government valuation services and Cubetec’s Valor platform.

Opteon team in SA Pedals through the Adelaide Hills for a Worthy Cause

Opteon team in SA Pedals through the Adelaide Hills for a Worthy Cause

Last Friday 20 January 2017, our team in South Australia completed the Tour Down Under Community Ride in Adelaide.

Peter Lornie, Matthew Baxter, Stuart Bridgman, Jack Gibson & Damien Lornie rode over 111km through the winding roads of the Adelaide Hills from Birdwood and Campbelltown.

The ride was completed in 4 hours and 54 minutes where the riders climbed a total of 1,174 metres reaching the highest peak of 524 metres before racing down the famous Gorge Road at a maximum detected speed of 82.4 kph.

Click here to donate to Cure Brain Cancer Foundation >

The aim of the ride was to raise money for the Cure Brain Cancer Foundation. The initial goal was to raise $1,500. At the time of publishing the team had raised just over $3,900. The team would like to extend a sincere thank you to the generous supporters for this most worthy cause.

Each dollar raised will go directly to the Cure Brain Cancer Foundation to help support their mission to increase the five-year survival rate from 20% to 50% by 2023.

P.S. for anyone wishing to still donate, it’s not too late!! The donations page is open for the next couple of weeks

Click here to donate to Cure Brain Cancer Foundation >

Opteon Team in Perth Cook Up a Storm at New Local ‘Ronald McDonald House’

Opteon Team in Perth Cook Up a Storm at New Local ‘Ronald McDonald House’

The Opteon commercial team in Perth recently cooked up a storm for 70 guests at Perth’s new state of the art ‘Ronald McDonald House’ facility.

Our team put their Chef hats on for the day and whipped up quite the feast; with Chicken Cordon Bleu, country style chicken, moussaka, lemon meringue pie and profiteroles on the menu. This was definitely a challenge for the team who are normally inspecting Kitchens.

They did have one casualty during the day, when a mudcake mixture was lost to the floor as the cake mixer hopped off the table. Despite this loss the team continued on with plenty of taste testing, and worked hard to meet the 6pm serving time for guests at Ronald McDonald House.

For more information about Ronald McDonald House and how you can get involved please visit their website at www.rmhc.org.au/our-programs/houses/perth

 

API Award Opteon Director David Moore the Prestigious Life Fellowship

API Award Opteon Director David Moore the Prestigious Life Fellowship

At the recent Australian Property Institute (API) Western Australian Division’s Commercial Property Outlook event held in Perth, Mr Steve Kish, WA President and Mr John Martin, Life Fellow of the Institute, presented the API’s highest honour of ‘Life Fellowship’ to David Moore.

Now a LFAPI, David is only the fifth person to receive this prestigious distinction in Western Australia for his significant contribution to the progression of the valuation industry and outstanding leadership.

An active member of the Institute since joining as an Associate of the Australian Institute of Valuers in 1989, David was elevated to Fellow in 1994. David has held various posts within the Institute including President of the WA Divisional Council and representing the division as both National Councillor and National President. He has also been involved in the API WA CPD Committee and a member of the National Professional Board, providing significant input and practical application of valuation requirements for the benefit of API members further education.  Of note, the National Risk Management Module was developed by the National Professional Board and released in 2003 and continues to be part of the API’s CPD program.

In 1990 David was a co-founder of the firm Christie Whyte Moore. He went on with other Directors to form Quantia before becoming founding Director of the national valuation and property advisory company Opteon. David continues to hold a senior management role within the Opteon Perth commercial team and is a respected mentor to the team.

A member of the International Committee, David was formerly convenor and Chairman of the organising committee for the 2009 API/PINZ International Conference held in Perth. He was also part of the organising committee and Chief Delegate at the 2012 Pan Pacific Congress of Real Estate Appraisers, Valuers and Counsellors held in Melbourne. David has worked continuously to promote the Institute to stakeholders and related organisations. He has represented the API at ASEAN Valuers Association (AVA), International Valuation Standards Council (IVSC) meetings and delivered papers at international conferences.

David was a member of the Western Australian government’s Department of Planning and Infrastructure Board of Valuers from 2006 to 2011 and a Senior Sessional Member of the State Administrative Tribunal of Western Australia since 2010.

David has been recognised for his services and dedication to the property community. He continues to volunteer and undertake tasks on behalf of the Institute and is a Member of the Division’s committee of Professional Interview Chairpersons. David is active in mentoring students and young members of the Institute and is highly respected by the membership.

Given his many years of devoted service and his recognition in the business community, David Moore has demonstrated that he is truly worthy of elevation to Life Fellow of the API.

Congratulations David on this outstanding distinction.

John Brady talks about the construction phase of Sydney Light Rail project

Sydney Light Rail

Opteon recently partnered with the Australian Property Institute (API) and sponsored their annual Public Sector Conference held in Sydney on 18 November 2016. Master of Ceremonies – our very own Phil Western, National Government Services and Assets Manager – interviewed a number of guest speakers on the day. Today we focus on guest speaker John Brady from the CBD Coordination Office for Transport NSW.

John thanks for speaking to me at the API Pubic Sector Conference about the Sydney Light Rail project. Prior to its commencement, there was a lot of negative media activity surrounding the project. There were concerns that Sydney’s CBD would become a carpark, and the greatly feared ‘doom and gloom’ impact on retailers during the lengthy construction period. From my observations, the CBD still appears to have reasonable traffic flow and very few retailers have been active in the media with negative comments.

What are your insights on why the construction phase of the Sydney Light Rail project has been a success from a public perspective so far?

This type of project had never been undertaken before so it was not surprising that people were concerned. A lot of work went into helping people understand the context for change and the challenges that would lie ahead. At the same time, we have broken new ground in trying to work with business groups and businesses to keep Sydney moving. This has included business activation initiatives, travel demand management, the promotion of alternate routes for motorists and close consultation with freight and delivery. We have maintained Sydney’s reputation for managing special events and we’ve helped to ensure that the record levels of private development can also be accommodated. Not for a second would we profess it is easy for retailers and people using the CBD during the construction period, but the city has found a rhythm. I think people can see we are out there looking to mitigate the impacts as much as possible and that we are working towards an integrated transport objective that will change the face of the city and promote growth in the future.

Given the compulsory acquisition process for the construction of the Light Rail project, John what are some of the key issues your department has had to address during this period and how have they been overcome?

There was very little acquisition as such. Other than one block of units in Surry Hills the project has worked within either transport corridors or land areas that have been the subject of commercial agreement with bodies such as the Centennial and Moore Park Trust and the Australian Turf Club. It has been a collaborative process and that has been critical in reaching this point.

Finally John, what will be the benefit to Sydney when the construction of the Light Rail is completed?

The Light Rail will deliver a range of economic benefits from the jobs created during the construction, to future reductions in the congestion costs and public transport operating costs. It will lead to increased journey reliability, improved public transport use and productivity, to a better and healthier environment for improved pedestrian amenity.
With a one kilometre pedestrian zone between Hunter and Bathurst Streets, and a revitalized Circular Quay, the Light Rail will change the face of the CBD. Equally, it will connect communities and business districts along the alignment. The private development that is already taking place in the CBD is a clear sign that businesses are investing in the benefits that are around the corner. Sydney is growing and transport is a key to unlocking the full potential of that growth. Light Rail is one part of an unprecedented level of investment in our transport future, one that includes major CBD station upgrades, new ferry terminals, Metro, a re-designed bus network and pedestrian and cycle facilities.

 

John Brady

John Brady
Director of Communications
John Brady is from the CBD Coordination Office for Transport NSW. You can find out more about the Sydney Light Rail project here.

Opteon are proudly partnering with the Australian Property Institute (API) to sponsor their annual Public Sector Conference in Sydney on Friday 18 November 2016.

Australian Property Institute (API)

Leisha de Aboitiz talks about new strata renewal process

Commercial Strata

Opteon are proudly partnering with the Australian Property Institute (API) to sponsor their annual Public Sector Conference in Sydney on Friday 18 November 2016.

Master of Ceremonies for the event is Phil Western, National Government Services and Assets Manager for Opteon. Today Phil is talking to guest speaker Leisha de Aboitiz from Massons, Australia’s commercial property law experts.

Leisha we now have a new strata renewal process, how are property valuations relevant to this new regime?

The strata renewal process is introduced under Part 10 of the Strata Schemes Development Act 2015 (SSDA) which commences from 30 November 2016. It is a new regime to facilitate the collective sale or substantial redevelopment of an entire strata scheme where 75% of lot owners support the proposal. Valuations are not only relevant to the process; they are an essential piece in the compliance puzzle. Put simply, a strata scheme will not be able to sell or redevelop without obtaining mandatory valuations at key stages of the process.

In addition to the critical compliance role, it is our view that early stage “optional” valuations will also be relevant from a commercial and practical perspective. Strata renewal proposals will not get off the ground unless it is clear that there will be windfall gain for both lot owners and for 3rd party purchasers/developers and valuations are likely to play a crucial role in clarifying the value which can be extracted by key stakeholders.

What kind of mandatory property valuations will be required, and at what stage in the process will they need to be obtained?

The Act calls for two mandatory independent valuations at two key stages in the process, namely when the plan is distributed to owners and when an application is submitted to the Land & Environment Court. On each occasion the valuation will need to include the “market value” (of the whole site, at its highest and best use) and the “compensation value” of individual lots. The SSDA is prescriptive about what these terms are intended to mean in the context of a strata renewal plan, and whilst it will be closely linked to existing valuation methods under section 55 of the Land Acquisition (Just Terms Compensation) Act 1991 we anticipate that a specific kind of valuation methodology will necessarily evolve under this new regime.

 

Residential Strata

Who is likely to engage a property valuer during the strata renewal process, and in what kind of capacity?

There are likely to be various opportunities for valuers to be involved in the strata renewal process. For example, key stakeholders such as a potential purchaser or developer, or an owners corporation may want to engage valuers in an advisory capacity at various stages of the process. For example, this may include assistance with assessing feasibility, preparing market value comparisons, setting a reserve or sale price etc. A valuer engaged by a stakeholder directly will not be “independent” for the purposes of the two mandatory valuations contemplated under the SSDA, so a separate and clearly independent valuer will also need to be engaged. Accordingly, it is our view that there will almost certainly be multiple valuers involved in a strata renewal process (engaged by different parties in differing capacities).

Is the new strata renewal process having an impact upon the real estate market in NSW?

It’s hard to know what kind of impact this new legislation will have on the NSW real estate market until it comes into effect. However, we are already hearing of motivated schemes that have gathered the requisite support and are well on their way to progressing the renewal process come 30 November. Other stakeholders looking to take advantage of the new laws are obviously going to be developers and investors. It is our view that much of the initial movement in the market will be agitated by investors who already hold more than 75% of lots in a scheme and have long been held to ransom by a small minority. The new laws will allow these investors to legitimately push through a renewal process with their existing majority, or better still, to leverage off the mere suggestion that this avenue is now open to them. It will certainly be interesting to see how things develop, and how quickly.

Looking to Singapore, by way of comparison, the introduction of similar legislation allowing a majority of owners to collectively sell a whole strata site led to an explosion of “en bloc” sales on the market – more than 50 took place in the first 18 months and then sales cooled in unison with the general property market. We may see a similar phenomenon here in NSW if the existing requirement of unanimous consent for strata termination has caused a “bottleneck” of potential strata renewal sites, with groups of owners (or investors with a clear majority) waiting for the opportunity to sell or redevelop without having to get the last few reluctant owners on board.

 

Leisha de Aboitiz

Leisha de Aboitiz
Partner at Massons, Australia’s commercial property law experts.

 

Opteon are proudly partnering with the Australian Property Institute (API) to sponsor their annual Public Sector Conference in Sydney on Friday 18 November 2016.

Australian Property Institute (API)

Supporting K’s for Aussie Farmers 300km Ride

Opteon sponsor K's For Farmers

Opteon, along with Nissan, PWC and Harvey Norman are major sponsors of the ride ‘K’s for Aussie Farmers’ that recently took place in country Queensland. Starting at Dalby then to Tara, Miles and finishing in Chinchilla, there were 45 riders in total covering roughly 300km. Funds raised from the event went directly to assist Australians struggling in the bush via the not-for-profit ‘Ks for Aussie Farmers’.

Started by Brian Eagan and his family, Brian drives over 150,000km a year visiting farmers and rural families in need. For someone that just started helping Queenslanders, his fundraising now covers the entire country and he is now spending a lot of time with dairy farmers in Victoria and Tasmania.

This recent Queensland event raised over $170,000 and with the backing and assistance of all sponsors, Ks for Aussie Famers delivered 3 Nissan Patrols fully fitted for bush driving (bull bars, tow bars and radios) to Brian and with some late donations it looks the team will be in a position to deliver a fourth vehicle.

If you would like to get involved and ride next year or donate your time to help the event organisers, please contact www.ks4aussiefarmers.com.au. Look out for the Ks For Aussie Farmers Nissan vehicles now on the roads throughout Queensland!

(Pictured Left to Right: Brian Egan, Ks for Aussie Farmers and Jonathan Bloxsom, Opteon.)

Opteon’s Murray Davis represents among leaders and innovators at The 2016 GrowAg Summit

Opteon's Murray Davis

100 passionate young farmers and innovators in rural service businesses attended The 2016 GrowAg Summit, which was hosted by the Australian Government Department of Agriculture and Water Resources and the Rural Research and Development Corporations.

The event encouraged the sharing of ideas around the future of the industry and communicating them back to the Rural Industry Development Corporation and the Department Of Agriculture and Water.  The Summit included agriculture and business leaders who are not only farming day to day, but are innovating and challenging their day to day operations and processes.

With a background in beef, cropping, rural economics and property valuation, Murray Davis from Opteon Central Queensland was selected to participate in discussions that touched on a large range of topics and popular new trends in the agriculture industry here in Australia.

“Farming is a very capital intensive industry with an extremely large barrier to entry for younger farmers. The industry needs to evolve to allow greater flexibility in ownership models including corporate or shareholder structures.  This would grant the younger generation and agricultural innovators the chance to grow their businesses and thrive in Australia.”

“The service industries around agriculture would also need to move fast with these changes, particularly in the areas of lending and valuation. For us this has meant focusing on how to better address the value and security of a farming business, as well as the land. Currently in rural Queensland, we are seeing an increase in lease operations and joint ventures.  This trend has made it more challenging to quantify the impact on value.”

Murray concluded that “as agriculture service providers, it is important for Opteon not only to keep up with these changes, but to lead the way forward with innovations in our own technology and methods in this ever evolving landscape.”

Opteon Sponsors ACT Property Council Awards

Pictured is Narelle Byrne from Opteon Canberra with a representative of Capital Property Group.

The ACT Property Council Awards and Gala Ball was held recently at the National Arboretum in Canberra. Opteon sponsored the People’s Choice Award for Best Commercial Development which was awarded to Capital Projects Group for Canberra Airport. The award aims to recognise and publicly acknowledge the efficient use of capital in a new or refurbished commercial development in the ACT.

Pictured is Narelle Byrne from Opteon Canberra with a representative of Capital Property Group.

,

Building Sustainability Starts with Aspect

Building Sustainability Starts with Aspect

The value of being green has become more evident in recent times as property developers and owners choose to build sustainable and energy efficient homes. Things that come to mind when thinking about building a sustainable home are solar panels and rain water tanks, with most of us over looking what could be the most important factor – the orientation of the property on the block of land, otherwise known as ‘aspect’.

Watch our video “Building Sustainability Starts with Aspect” below.

 

Optimal property orientation will help harness the power of the environment to keep your home cool in summer and warm in winter.

Correctly orientated residential dwellings have main living area windows facing towards the north. The building design will allow cool easterly breezes through the property in summer and will soak up sun in winter.

In the future, sustainable and energy efficient properties will have greater market appeal, and will likely gain a premium over those properties that are not correctly orientated.

A special thank you goes out to Mark Hopcraft from Opteon, based in Orange – Central West NSW, for sharing his personal passion for sustainable design and architecture in the property industry.

Opteon Participates in CEO Sleepout 2016

Natalie Fairlie - Opteon - Vinnies CEO Sleepout

Last Thursday  23 June 2016, Opteon Acting CEO Natalie Fairlie took part in Vinnies CEO Sleepout in Melbourne. Funds raised by the annual event go towards providing crucial assistance to people experiencing homelessness in Australia,  with the aim of breaking the cycle of homelessness permanently for as many people as possible.

Vinnies CEO Sleepout 2016 proved to be a particularly cold, wet and uncomfortable evening for over 1,470 CEOs from around the country, who slept outside to experience for one night what 105,000 people experience every night around the nation. With the support of Opteon staff, colleagues, family and friends – Natalie beat her goal of raising $5,000, and raised an impressive $6,800.

Natalie sends a big thank you to everyone who got involved to support her and Vinnies this year, “your donations will make a BIG difference to families, women, children, men and young adults who receive much needed assistance from Vinnies every day of the year.”

 

Dinner tonight will be a cup of soup, 1 bread roll and a cup of tea. That’s it. We met and heard stories from people who were homeless and who now have housing due to the work of Vinnies.

Natalie Fairlie: “Dinner tonight will be a cup of soup, 1 bread roll and a cup of tea. That’s it. We met and heard stories from people who were homeless and who now have housing due to the work of Vinnies.”

 

Natalie Fairlie with Her Excellency the Honourable Linda Dessau AM Governor of Victoria and her husband Judge Howard of the County Court. Amazing woman. Spoke to us all and slept out with us.

Natalie Fairlie with Her Excellency the Honourable Linda Dessau AM Governor of Victoria and her husband Judge Howard of the County Court. “Amazing woman. Spoke to us all and slept out with us.”

 

Getting set up for the long cold night ahead. The Crown Plaza Hotel was in sight, another world away from my bed on the cold concrete.

Natalie Fairlie: “Getting set up for the long cold night ahead. The Crown Plaza Hotel was in sight, another world away from my bed on the cold concrete.”

 

Almost there. Thank goodness the time reads past 4am. Now the concrete really pierces the back, the hips, the neck. The cold bites now. Unrelenting. Can still just fight it off but the cold is now felt everywhere. Not long to sunrise.. it is dark and the street sweepers are out.

Natalie Fairlie: “Almost there. Thank goodness the time reads past 4am. Now the concrete really pierces the back, the hips, the neck. The cold bites now. Unrelenting. Can still just fight it off but the cold is now felt everywhere. Not long to sunrise.. it is dark and the street sweepers are out.”

 

Sobering, reflective and darn cold. Awesome atmosphere. Great people sharing business stories with a desire to step outside and feel some discomfort.

Natalie Fairlie: “Sobering, reflective and darn cold. Awesome atmosphere. Great people sharing business stories with a desire to step outside and feel some discomfort.”

Opteon National Conference 2016

Watch our video!

“Coming together is a beginning, keeping together is progress, working together is success.” Henry Ford

This Henry Ford quote was very fitting for our National Conference held recently in Melbourne. It was the perfect descriptor for the 200 plus delegates that attended on Friday 22 April 2016, and for the first time we were able to live stream the event to all of our staff around Australia.

Opteon-National-Conference-2016

This year’s national conference the Opteon Board, Chairman – Michael Renshaw and Acting CEO – Natalie Fairlie launched “Vision2021” an initiative that reinforces Opteon’s commitment and passion for innovating, exploring and adding value to our clients in a rapidly evolving domestic and international economy.

Our National Conference Speakers

At National Conference 2016, delegates heard from our inspiring guest speakers The Hon. Bruce Billson MP –  Federal Member for Dunkley, Rod McGeoch AO and Graham Mirabito – CEO CoreLogic International, who shared their insights into industry and organisation lead innovation and excellence.

Opteon-National-Conference-2016-Speakers_1

Opteon Awards

One of the highlights of the event was the announcement of the Opteon Reward and Recognition Program award recipients. This program was launched in 2014 to recognise the contribution and outstanding performance of member firms, teams and individuals within Opteon around Australia.

Opteon-National-Conference-2016-Award-Winners

2016 Opteon Reward and Recognition Program Award Recipients:

Maria Berto, Victoria
Emerging Professional Award Recipient

Naomi Bradford, Tamworth
Administration Excellence Award Recipient

Opteon (Western Australia) – Award accepted by Andrew Kavanagh, Managing Director
Outstanding Achievement Award Membership Firm Recipient

Opteon (Victoria) – Award accepted by Scott Chapman, Operations Director
Outstanding Achievement Award Membership Firm Recipient

Paul Sutton, Opteon
CEO Award for Excellence Recipient

Mark Hopcraft, Central West NSW
Mark Christie Leadership Award Recipient

Congratulations everyone!

Future Leaders – Youth Leadership Team

Congratulations are also in order for the 2015 Youth Leadership Team members, who were presented with trophies to acknowledge their invaluable contribution to Opteon through their creativity, passion and vision as young professionals in our business and the industry.

Opteon-National-Conference-2016-Youth-Leadership-Team

 

Opteon National Conference 2016 was well received by all delegates and we are already looking forward to National Conference 2017.

An Update from our Chairman on the CEO Search Process

The Board is pleased to announce that it has now appointed leading, global executive search firm, Transearch, to conduct the CEO recruitment process for Opteon. It is expected that interviews will be held in May and that a formal appointment will be made in Q1, FY17.

The process will be open to both internal candidates and external candidates and formal expressions of interest will be accepted with details to be advised in coming weeks.

Acting CEO, Natalie Fairlie will continue to lead Opteon throughout this process. We would like to thank Natalie for her ongoing leadership and support during this exciting time for our business.

Opteon involved in P-TECH education & industry partnership

We are excited to announce that in 2016 we will be one of five employer partners involved in the establishment of a P-TECH education program pilot site in Geelong. The P-TECH model is a collaborative partnership between education, industry and community.

“The P-TECH model is a collaborative partnership between education, industry and community. Its clear purpose is to provide an industry supported pathway for young people to achieve a qualification that strengthens their future employment prospects.” 

Skilling Australia Foundation – find out more by visiting www.saf.org.au

“During 2016 all Year 9 students will have an opportunity to explore P-TECH through our Introduction to the Workplace program. The program includes industry visits, access to industry speakers and learning experiences that will help students to explore pathways to future study and careers.”

Newcomb Secondary College (Geelong Pilot School) – find out more by visiting www.newcombsc.vic.edu.au

The program will offer students studying for their School Certificate an industry supported pathway to a STEM (science, technology, engineering, mathematics) related diploma, advanced diploma or associate degree.

We would like to give special mention to Ben Kent, Corporate IT Manager at Opteon (Victoria) Pty Ltd. He played an integral part in setting up the partnership and helping the pilot program launch. Congratulations Ben!!

The P-TECH pilot program is part of a $12 million Federal Government investment to improve the focus on STEM (science, technology, engineering, mathematics) in primary and secondary schools here in Australia.

We are supporting the P-TECH initiative because we believe in the positive socioeconomic affect it will have in our local communities. The initiative creates credible pathways for young people into rewarding careers and open doors to long term employment prospects.

Watch the video produced by Newcomb Secondary College and P-TECH below to find out more about the initiative.

Opteon Valuer wins “Emerging Leader Award”

The Municipal Group of Valuers (MGV) “Emerging Leader Award” goes to talented young Opteon Valuer Linda Craig.

To be eligible Linda had to submit an MGV-approved research project addressing a positive contribution to the valuation profession for local government.

Here is an excerpt from an article published by Property Review Australia which details Linda’s achievement. If you are Property Review Australia subscriber, you can read the full article by logging in to your account or clicking here.

“Applicants are required to submit an abstract of up to 500 words, explaining what their project is about, how it is to be undertaken, and what benefits the applicant believes will flow from the project personally, and to the wider valuations profession.

The research project is then completed and presented to an MGV General Meeting of members up to one year after bestowment of the Award.

Craig’s submission proposed to review the role of the Valuer General in local government valuations.

Craig is based in the Opteon Geelong office working as a Graduate Managing Valuer, overseeing staff in her team and the relationships with government clients including Surf Coast Shire, Borough of Queenscliffe, Golden Plains Shire, Corangamite Shire, Glenelg Shire and South Grampians Shire.”

Commercial Property Outlook for 2016 by Kevin Stanley, CBA

Last Friday we attended the “Public Sector Property Conference” hosted by The Australian Property Institute (API) at Parliament House in Sydney. Our very own, Phil Western, National Head of Government Services at Opteon was invited to MC the event, which is designed to cover key current trends and changes in the property industry and their influence and impact on the  public sector.

Delegates from around NSW were delighted by a range of speakers from all facets of the property industry. We were lucky enough to catch up with keynote speaker Kevin Stanley, the Head of Property Strategy and Research with the Commonwealth Bank of Australia. He gave us his expert insight into where he believes the commercial property market in Australia is heading in 2016.

Commercial Property Outlook for 2016

“The backdrop to the performance of commercial real estate is change in the economy and financial conditions.  The outlook for these factors in 2016, such as the official cash rate and 10 year bonds, is broadly stable.  However, rising interest rates in the USA will likely lead to a lower AUD and this will in turn provide a boost to the Australian economy, leading to slightly higher GDP, CPI and employment growth.”

“At the same time, the world remains awash with capital searching for investment yield and over the last four years, this, together with domestic capital, has led to record levels of trading in commercial property in Australia and pushed prices and values close to previous peaks.”

“We think in 2016, this trading activity will start to ease.  This will be due to higher pricing limiting some buyers, a reduction in the number of larger assets or portfolios available to sell and existing owners holding assets now the prospect of income growth is improved, at least in Sydney and Melbourne.  This fall in trading activity is also likely to ease the growth in pricing and see yields stabilise.”

Kevin concluded by stating: “The outlook for the fundamentals of commercial property is mixed, with strong employment growth in New South Wales and Victoria leading to the prospect of lower vacancy rates and a rise in rents in Sydney and Melbourne.  Recovery in the other States and Territories is further out and will be reliant on a broader based restructure in the economy which may come from the tax/business reforms currently being proposed by the Commonwealth Government.”

Thank You Kevin

We rely on valuable insight similar to that provided by Kevin and CBA, to continually assess the property market, ensuring that our 500 plus valuers nationally have the latest real time information available to them to provide quality property valuation and advice to our clients.

KevinStanley_CBA

Kevin Stanley
Head of Property Strategy and Research

Property Specialist Team
Corporate Financial Services
Business and Private Banking
Commonwealth Bank

CBA_CAN_Logo

Jordan Mercer Spring Update & Wellbeing Smoothie

Professional Ironwoman Jordan Mercer has been working with Opteon on a number of key employee engagement initiatives in order to help us better mentor, motivate and support our staff. We announced this exciting sponsorship with Jordan back in July 2015.

We have recently asked her to help us with a new blog series looking at – The VALUE of Wellbeing. Whilst we (Opteon) are the experts in property valuation, Jordan gives us fantastic insight and expertise into the value of keeping fit & healthy.

This first post in ‘The VALUE of Wellbeing’ series looks at the change in season and adjusting routines.

We are now well and truly feeling the effects of Spring, for talented athlete Jordan Mercer spring means increasing her training for peak competition season, she explains “Saying goodbye to winter and the extra warmth makes it easier to transition from endurance racing (in winter) to the Surf Life Saving sprint season.”

She is currently preparing for the start of the professional Nutri-Grain Iron Woman series starting in November.

She supports her increase in physical activity in the warmer weather with a healthy and nutritious diet, which includes convenient breakfast smoothies for her early morning starts. Jordan gave us a great recipe for a smoothie that boosts energy and naturally aids training recovery, perfect for anyone getting back into a morning fitness routine.

Jordan Mercer’s Breakfast Smoothie Recipe

Ingredients:  

  • ½ Cup Spinach
  • 1 x Passion Fruit
  • ¼ Cup Blueberries
  • 1 x Banana
  • ½ a Kiwi fruit (Or a pear or apple if you would prefer something a little sweeter)
  • 1 x Slice of Ginger (Strong flu busting ingredient)
  • Juice of ½ a Lime (Helps with digestion)
  • 3 x Tablespoons of Chia Seeds
  • Coconut Water

The Magic Powders:

  • Teaspoon of Spirulina (This is a complete superfood with lots of nutrients, easily digested and absorbed by the body. Known to help keep your immune system strong!)
  • Tablespoon of Natural Protein (Nice and replenishing after a big training session)
  • Teaspoon of Turmeric. (This bright orange finishing touch is an anti inflammatory. It also has been proven to do a lot of amazing things in your body. Turmeric is worth a google!)
  • Pinch of Black Pepper. (The black pepper is necessary for your body to absorb the goodness of the Turmeric)

Method:

Combine spinach leaves, fruit and powders. Use the coconut water to fill smoothie ingredients to three quarters of blender. Start the blender. Begin your day with some green goodness!

JordansRecipe

The warmer sun filled days add VALUE to your wellbeing by providing the perfect opportunity to be more active and the longer days also have a positive effect on mood according to some studies.

Enjoy, stay tuned for Jordan’s next update.

Venture Into Valuation: The real value of incentives & rebate offers

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This is the final stop on Sally’s journey across Australia as she looks at valuation topics and local market activity in our capital cities.

TODAY’S TOPIC: Incentives and rebate with off-the-plan property purchases

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Incentives and rebates are typically used to stimulate the market when it’s slow, or in some cases as a tool to compete in an environment where supply is high and demand is low for a particular property type.

The real value of incentives and rebate offers available with off-the-plan property purchases

First and foremost it is important to note that incentives and rebates are not included in valuation reports. This is because they are not an attached feature or function of the property.

So armed with that knowledge it’s important to analyse the real value of what you are being promised as part of the sale before signing any contracts.

The most common incentives and rebates that are offered include:

  • Cash backs
  • Guaranteed rentals for investors (12 to 24 months)
  • Vouchers for appliances and furniture
  • Upgrades of inclusions

Although none of these generally add to the actual market value of the property, the cost of these incentives and rebates may still be factored into your finance arrangements as your lender may have based the finance arrangement on the full contract price.

It is a common misconception among purchasers that they have paid market value for the property, whereas in reality the incentive has already been factored into the contract price.

Some extreme cases in the past have included properties which were worth for example $400,000 and included a $50,000 incentive. Final sale contracts were drawn for the total amount of $450,000, however the “real” value of the property was only ever $400,000. The full effect of this would be felt in a softening market as the property, which was only ever worth $400,000, would then be worth $350,000, but purchased originally for the amount of $450,000. As Valuers we need to assess the market value based on comparable sales evidence and incentives/rebates are never part of the market value equation.

Incentives and rebates are not all bad news if you can see the soft, more temporary value in them. Just being more aware will help you identify the difference between a useful add-on vs a marketing gimmick.

This information is based on the most common incentive and rebate scenarios we come across. Please contact us for further information about off-the-plan property valuations.

Sally_Wickham_Signature

Sally Wickham, FAPI CPV
Director Valuation Services
Opteon (Sydney)
Find out more about Sally

Opteon Perth Team at City2Surf 2015

Our vibrant and energetic staff in Perth took on the 12km & 4km City2Surf courses last Sunday, 30 August 2015 and have the blisters to prove it. They had 38 participants in total and had a blast in our corporate marquee complete with BBQ brunch and Giant Jenga.

Special mention goes out to Graduate Valuer Anthony Murphy who completed the course in 49.42 mins and came 92nd overall.

What an amazing effort, well done team Perth!

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Venture Into Valuation: 5 Risk Factors To Consider Before Purchasing Property

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Follow Sally’s journey across Australia as she looks at valuation topics and local market activity in our capital cities.

TODAY’S TOPIC: Common risk factors to consider before purchasing a property.

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It would be handy to have a crystal ball to consult before purchasing a property. Often decisions can be clouded by emotions, timing and lack of understanding. It’s important to take a step back and understand the risk factors that affect property value now and in the future.

Property value – what are the risk factors to consider before purchase?

We’d all love to believe that property goes up in value. But the reality is; past growth doesn’t always equate to future growth.

Here are 5 important factors to consider when making a risk averse property purchase decision:

  1. MARKET RISKS
    • Interest rate rises
    • Economic slowdown
    • Increase in development of comparable property within close proximity leading to supply increases
    • The likelihood of a fall in demand for comparable properties
  2. OCCUPANCY/CASH FLOW RISKS (if investment property purchase)
    • Existing tenant/s vacates
    • Reduction in achievable rents
  3. LAND/TITLE RISKS
    • Onerous Easements/Encroachments
    • Restrictive Easements/Covenants
    • Development Restrictions (Local authority planning/building approval)
    • Contained within floodway’s etc.
    • Zoning Issues
  4. LOCATION RISKS
    • Factors which negatively impact on the desirability of a locality (eg. close proximity to railway lines, airports/flight paths, industrial properties, correctional facilities, high voltage transmission lines, mobile phone tower & excessive noise)
    • Environmental hazards
    • Onerous heritage affectation or preservation orders
    • Landslip or mines subsidence
    • Main road acquisition
  5. IMPROVEMENTS RISKS
    • Hidden faults/ Building defects
    • Unapproved extensions
    • Higher than anticipated cost of repairs
    • Deterioration in condition of improvements
    • Pest infestation
    • Restrictions on access to the property

RiskFactors_Infographic_Opteon-Property-Group

There are a wide range of factors that can have a negative impact on a property’s market value, including both insurable and uninsurable risks. This is just a small sample of considerations, please contact us if you would like to learn more about our property valuation and advisory services.

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Sally Wickham, FAPI CPV
Director Valuation Services
Opteon (Sydney)
Find out more about Sally

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Local Property Market Update: Queensland

Today we are in Queensland, let’s look at the local property market in the Brisbane metropolitan area.

OVERVIEW: June 2015 Quarter

Statistics obtained indicate a slight increase in the median house price for the last quarter while the median unit price remains stable. There appears to be a declining volume of sales over the last quarter as uncertainty sets in with job stability being a major issue in Queensland. The limited stock levels is resulting in some minor increases in sale prices in some sectors of the market.

SUMMARY: Metro Residential Sales

Brisbane’s median House price for the June 2015 quarter was recorded at $605,000 with the Unit price being $428,000. As can be seen there has been very little market movement over the past 12 months.

 

Time Period Median House Price No. of House Sales
Jun 2015 Qtr $605,000 2,609
Mar 2015 Qtr $592,000 4,103
Dec 2014 Qtr $612,000 4,311
Sep 2014 Qtr $590,000 4,263

 

Time Period Median Unit Price No. of Unit Sales
Jun 2015 Qtr $428,000 1,651
Mar 2015 Qtr $430,000 2,484
Dec 2014 Qtr $430,000 2,589
Sep 2014 Qtr $432,000 3,080

*Data sourced from Real Estate Institute Queensland (REIQ)

If you would like to find out more about our property advisory and valuation services in Queensland, please contact our local team.

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Jonathan Bloxsom, FAPI CPV
Managing Director
Opteon (South East QLD) Pty Ltd
Find out more about Jonathan

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Opteon (South East QLD) Pty Ltd – Office Details
406 Bilsen Road
Geebung QLD 4034
Ph: (07) 3265 5008
Contact us online today
Find out more about Opteon (South East QLD) Pty Ltd

Venture Into Valuation: 9 common factors that affect residential property value

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Follow Sally’s journey across Australia as she looks at valuation topics and local market activity in our capital cities.

 

It is easy to make the assumption that median house prices have risen in your suburb, therefore your property value must have risen too. This is not always the case.

Does local market movement directly affect the value of a property?

Not necessarily, a valuation carried out by an accredited Valuer is an unbiased report based on the facts and data gathered at the date of valuation. It is not based on local property market statistics, which may often be skewed in one direction depending on the most recent sales that have occurred.

Here are 9 common factors that will affect the value of residential properties:

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  1. Condition & Presentation
    Updating of kitchens, bathrooms, floor coverings and landscaping can add value to your home, however – you should always seek appropriate advice to ensure you do not over capitalise on renovations. Cost does not equal value!
  2. Location! Location! Location!
    Being located close to amenities such as public transport, community facilities, education establishments, cafes, restaurants, water bodies and retail precincts may increase the value of a property. Although on the flip side, if you are located close to a power transformer, high voltage power lines, highways or a sewerage treatment plant – this may detrimentally affect the value of your property.
  3. Views / Aspect
    Views of coastline, lakes, rivers, or parkland generally increase the value of a property. Also important to take into consideration are factors of aspect to the sun and privacy.
  4. Layout / Size
    Functionality of the layout, especially in the kitchen and living areas. Size including the number of bedrooms and bathrooms.
  5. Car parking
    If you are located in the city, off street and covered/secure car parking can increase the value of your home.
  6. Accessability
    Close proximity to public transport routes and access to highways or a major arterial route are a benefit.
  7. Development Potential
    Underlying zoning density and development potential i.e Can the block be further subdivided?
  8. Environmental Factors
    Flood plain or wetland affected areas may have restrictions as to the use on this affected land.
  9. Supply & Demand
    The balance between supply and demand. i.e. Within a 5km radius of the city with no additional land supply available, prices usually increase over time. Alternatively an increase in supply may result in higher levels of competition, and decrease values.

This information is based on the most common residential property valuations scenarios we encounter as Valuers. There are other factors that will contribute to the value of a property, please contact us for further information about our valuation and advisory services.

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Sally Dale, FAPI CPV
State Director NSW/ACT/QLD
Find out more about Sally

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Local Property Market Update: Regional Victoria

Today we are in Regional Victoria, let’s look at the local property market.

Ballarat Regional Property Market Update 2015

There has been good take up of residential land on the periphery. Recently we saw a record sale take place with a period mansion which sold for $3 million. Ballarat residential market showing steady slow growth, backed by healthy population growth forecast of 125,000 by 2025 and evidence of uplift in general demand for Rural lifestyle.

Bendigo Regional Property Market Update 2015

Vacant land sales steady within more affordable growth corridors, but it has slowed within the more aspirational growth areas. $700 million Bendigo hospital redevelopment is proceeding well and has fuelled significant growth in the supply of higher density townhouses within central suburbs, particularly in the Northern and Eastern periphery. Demand for prestige property within Bendigo remains strong, fuelled partially by external demand with medical professionals relocating to the region. Rural lifestyle markets remain steady with moderate growth within more desirable/prestige locations. Overall relatively stable moderate growth seen within central area.

Geelong Regional Property Market Update 2015

Generally, the Geelong residential market has been steady with recent evidence of a slight upward trend. Inner city markets of Geelong, Newtown and South Geelong continues to be quite strong with good evidence of a strengthening market. There is also good investor demand across the region. The sale of residential allotments at ‘Armstrong’s Creek’ continues to be strong. Geelong continues to attract strong interest from the Melbourne market due to affordability.

 

If you would like to find out more about our property advisory and valuation services in Victoria, please contact our local team.

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Matthew Baxter, AAPI CPV
Head of New Markets/Director
Opteon (Victoria) Pty Ltd
Find out more about Matthew

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Opteon (Victoria) Pty Ltd – Office Details
Ground Floor, 737 Bourke St
Docklands VIC 3008
Ph: 1300 786 022
Contact us online today
Find out more about Opteon (Victoria) Pty Ltd

Venture Into Valuation: What documentation do you need to provide to support a construction loan?

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Follow Sally’s journey across Australia as she looks at valuation topics and local market activity in our capital cities.

TODAY’S TOPIC: Construction Loan Valuations

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Are you looking to build a new home or considering renovations to an existing property?

You may need to apply for a construction loan. A construction loan with most lenders has a progressive payment draw down option, which enables you to borrow the loan in alignment with building/construction stages.

What documentation do you need to provide to support a construction loan?

In order to assist your financial institution in determining an approved loan amount, your bank may require a valuation to be completed on an “As If Complete” or “To Be Erected (TBE)” basis. That is a valuation based on the assumption of a completed product, in line with information and documentation provided.

In order to support this type of valuation the Valuer will require the following documentation:

  • Building contract
  • Land contract (if applicable)
  • Building specifications including a schedule of finishes
  • Scaled drawings including a floor plan
  • Any other third party quoted that may not be included in the building contract (i.e pool quote, landscaping etc)

These documents enable a clear and unbiased picture to be provided to the bank as to what the finished product will be, in the form of a valuation. In addition to this, they will also require a market valuation based on current market conditions, which is in line with recent comparable sales evidence.

The “As If Complete” or “To Be Erected” valuation can only be based on documentation provided, so it’s important to provide as much information as possible including quotations for additional work over and above the building contract. This may include items such as landscaping, driveways, fencing, floor coverings, window coverings etc.

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This information is based on the most common construction loan valuation scenarios we come across. There may be additional documentation requirements, dependant on your nominated financial institution, please contact us for further information about construction loan valuations.

Sally_Wickham_Signature

Sally Wickham, FAPI CPV
Director Valuation Services
Opteon (Sydney)
Find out more about Sally

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Local Property Market Update: Melbourne

Today we are in Victoria, let’s look at the local property market in the Melbourne metropolitan area.

The headlines are full of the booming Melbourne property market and that there are signs of a bubble. But is this correct?

Although the medium value of Melbourne has increased by 11.5% over the last twelve months and by 6.1% over the last three months, the performance of the Melbourne property market is not uniform, it differs across the market sectors and locations. The strongest location and sector, over the last few months is the booming eastern suburbs which have become the favourite of the overseas and local investor market, including owners of self-managed superannuation schemes. Residential properties that can either be rented or redeveloped are highly sought after in most middle, eastern Melbourne suburbs. Suburbs that are closer in to the CBD are seeing period style dwellings being purchased at auctions, often well above vendors’ reserves. Properties located in some public school zones are also achieving much higher prices than very similar properties situated just outside those zones.

Sale prices in these locations are very much demand driven, and in many situations, purchasers have their details on “agent’s lists” and are notified by real estate agents, of properties just listed for sale, prior to any real marketing campaign begins and often a sale is transacted before the property has been advertised. This is heightened by the unusual low number of listings of properties for sale (down 9.3% from this time last year).

This is a sign of a very strong market and also puts some urgency into purchaser’s decisions, and tends to drive up prices, but is it sustainable? With the low interest rate environment, the hunger of well cashed up owners of self-managed super funds and overseas investors who consider that Australia is very affordable and a safe haven for investment, unless there is some unforeseen overseas or local crises, it is expected that this demand will continue albeit at a slightly lower level. APRA have recently demanded that the banking industry impose harsher restrictions on lending for investment properties and this will have some effect on local investor demand but cashed up overseas investors will remain unaffected. It is yet to be seen if the recent Chinese stock market correction will have an impact on the Chinese investor sector.

The supply of investor grade apartments in and around the Melbourne CBD is exceeding the demand for this product and therefore prices in this sector are showing signs of weakening but higher quality apartments aimed at the owner occupied market (particularly “downsizers”) are still holding and in many developments increasing in value. There are signs that the foreign purchasers are moving away from apartments and focussing on townhouse style properties, as they are becoming more discerning and not as willing to pay the significant premiums that some developers have been charging. Regardless of the sales, most of the big developments that are currently under construction are already fully sold.

There is some evidence that for the established apartment market, just over 50% of the investment style apartments are being sold to Sydney buyers. They are chasing the higher yields of these second tier apartments. Most agents are reporting a significant increase in listings. One firm mentioned that they currently have 6 listing s in one ten year old development. This is something they have never seen before and they are the dominant agent in this building.

A recent jump in value in some of the established apartment market has come about due to agents comparing “off the plan” prices with the established apartments, in a marketing strategy, which makes the established apartments seem like very good buying.

The increase of supply in the inner suburbs of new developments is likely to have an impact on city rentals. Carlton, North Melbourne and West Melbourne have a significant number of developments currently under construction.

In a nutshell, the overall residential Melbourne market is still strong, driven primarily by investors, this is likely to continue in the short to medium term, although at a slower rate.

*Market statistics provided by CoreLogic RP Data.

 

SUMMARY: Metro Residential Sales

Metro Melbourne Jun 15 Qtr Qtr Change Mar 15 Qtr Annual Change
House $706,000 5.2% $671,000 6.30%
Units $520,000 1.3% $513,500 4.10%

 

Inner Jun 15 Qtr Qtr Change Mar 15 Qtr Annual Change
House $1,239,500 6.2% $1,167,500 13.60%
Units $545,500 0.3% $544,000 1.90%

 

Middle Jun 15 Qtr Qtr Change Mar 15 Qtr Annual Change
House $827,500 5.1% $787,500 11.20%
Units $574,000 -0.3% $576,000 8.70%

 

Outer Jun 15 Qtr Qtr Change Mar 15 Qtr Annual Change
House $525,500 5.0% $500,500 5.80%
Units $399,000 1.9% $391,500 3.70%

*Median price data sourced from Real Estate Institute of Victoria (REIV).

If you would like to find out more about our property advisory and valuation services in the Melbourne metro area, please contact our local team.

matthew_baxter_opteon-property-group

Matthew Baxter, AAPI CPV
Head of New Markets/Director
Opteon (Victoria) Pty Ltd
Find out more about Matthew

melbourne_opteon-property-group

Opteon (Victoria) Pty Ltd – Office Details
Ground Floor, 737 Bourke St
Docklands VIC 3008
Ph: 1300 786 022
Contact us online today
Find out more about Opteon (Victoria) Pty Ltd

Venture Into Valuation: What factors contribute to determining the value of land?

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Follow Sally’s journey across Australia as she looks at valuation topics and local market activity in our capital cities.

TODAY’S TOPIC: Land Valuation

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Whether you are looking to buy, sell or sub-divide, understanding the factors that contribute to the value of land will give you the upper hand in making crucial decisions about your property purchase. Unlike buying a house where you have a dwelling to inspect, you will largely need to look past an empty block and envision the future possibilities for development and be mindful of the limitations.

What factors contribute to determining the value of land?

A common misconception people have is assuming the bigger the block, the more it will be worth, this is not always the case. Here are a few of the most common factors a Valuer will take into consideration when determining the value of a block of land:

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  1. Size:
    • Is the block a standard size with in a particular subdivision? If yes – it will generally be worth the same as the other blocks within it
    • What is the maximum house size that will fit on the block, including minimum frontage for driveways
  2. Shape:
    • Is it a Corner block? In some instances this may be a positive if there is potential for dual access, allowing for subdivision in future or it may be perceived as a negative if it will limit rear private yard space potential.
    • Is the block narrow, limiting future development opportunities?
  3. Contour:
    • A sloping blocks means higher building costs, but in some instances may mean better views.
  4. Views:
    • Are there water, City or Parks/Nature Views?
    • Are there surrounding properties or development plans that may affect the views?
  5. Aspect:
    • Take special note of the direction the block faces. This will greatly affect the future dwelling in terms of temperature, heating/cooling costs, mould/damp problems and other accelerated wear of the building itself due to the elements
    • North and North-East seem to be the preferred aspect in most parts of Australia
  6. Risk Factors:
    • Are there any restrictions on the Certificate of Title
    • Be aware of zoning restrictions that may limit or prevent future development along with issues such as flooding, landslip, mine subsidence etc.
    • In some instances you may need to get the soil tested. Depending on the foundations, building cost can vary greatly.
  7. Location:
    • Popular suburbs
    • Courts and cul-de-sacs are often coveted amongst buyers due to perceived additional privacy and security
    • Close proximity to noise pollution like highways, trains and airports

 

Location is arguably the biggest factor when determining the value of land, however you can see the importance of looking beyond location.

This is only a small sample of considerations that we recommend you look at when looking at the value of land, please contact us if you would like to learn more about our property valuation and advisory services.

Sally_Wickham_Signature

Sally Wickham, FAPI CPV
Director Valuation Services
Opteon (Sydney)
Find out more about Sally

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Local Property Market Update: Sydney

Today we are in New South Wales, let’s look at the local property market in the Sydney metropolitan area.

SUMMARY: Metro Residential Sales

“The Sydney property market is currently experiencing a high level of activity and rapidly increasing market largely due to low interest rates with an increased demand for property throughout most areas in Sydney. Agents are reporting a shortage of listings leading to competitive bidding and offers from prospective purchasers. In many instances properties are selling over reserve or beyond initial price expectations.” Source – CoreLogic RP DATA

 

Property Type Median House Price
House $921,500
Units $660,000

*Data sourced from CoreLogic RP Data.

If you would like to find out more about our property advisory and valuation services in the Sydney metro area, please contact our local team.

Sally_Wickham

Sally Wickham, FAPI CPV
Director Valuation Services
Opteon (Sydney)
Find out more about Sally

Opteon_Property_Group_Sydney

Opteon (Sydney) – Office Details
Lumley House, Level 8, Suite 801
309 Kent Street,
Sydney NSW 2000
Ph: 1300 650 346
Contact us online today
Find out more about Opteon (Sydney)

Venture Into Valuation: Off-The-Plan Unit Pre-Purchase Checklist

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Follow Sally’s journey across Australia as she looks at valuation topics and local market activity in our capital cities.

TODAY’S TOPIC: Off-the-plan unit pre-purchase checklist

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Off-the-plan unit property purchases are quite popular with first time buyers and investors. With the increase in supply and demand in some capital cities, it is important to do your research before signing that sales contract.

Pre-purchase property checklist: A buyers guide to off-the-plan units

From a Valuer’s perspective, here are some common considerations that you should do your homework on before purchasing an off-the-plan unit:

VIV-P_Location_OpteonPropertyGroup

  1. Proximity to services and amenities
  2. Oversupply or undersupply of units in the vicinity
  3. Noise pollution from main roads, trains, airports and flight paths
  4. Proximity to non complimentary developments and power lines
  5. Future loss of views – watch out for neighbouring developments

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  1. If possible, look at previous developments they have completed
  2. If available, research past strata reports that the builder may have completed
  3. Consider the statutory warranty the builder must offer. State government provisions vary from state to state
  4. Where possible, research the quality of materials, contractors and suppliers the builder uses.

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  1. Is the local property market up or down at the time of purchase?
  2. Research surrounding established properties and median sale prices in the local area
  3. If there are incentives or rebates offered as part of the sales contract, ensure you are not actually paying for them in the final price, it may be a marketing gimmick.

Do your research; make sure you get what you are paying for.

Keep in mind you will most likely be paying a premium for the preference of purchasing a brand new property, but as soon as the occupant moves in the “New” factor starts to diminish. Be sensible and really consider the value of the property as an established one.

This is only a small sample of considerations that we recommend you look at before purchase, please contact us if you would like to learn more about our property valuation and advisory services.

Sally_Wickham_Signature

Sally Wickham, FAPI CPV
Director Valuation Services
Opteon (Sydney)
Find out more about Sally

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Local Property Market Update: Western Australia & Perth

Today we are in Western Australia, let’s look at the local property market in the Perth metropolitan area.

OVERVIEW: June 2015 Quarter

Statistics obtained from the Real Estate Institute of Western Australia indicate a continuing decline in the wider Perth Metropolitan market. Whilst the Perth Median house price plateaued between December 2013 and March 2015 at a level of $550,000 the influencing metrics of supply and demand have continually worsened.

There is an increasing volume of properties for sale being countered by declining sales numbers. The softening market conditions have resulted in extended marketing periods for Vendors and thus a higher level of price discounting is being witnessed. As a result there has been downward pressure on values which the June 2015 results indicate, with a median house price of $535,000.

Supply across all market sectors has increased though the greater market concern with regard to values are those areas which have experienced growth in 2014. Such areas are those more attractive to first home buyers and investors and thus below a level of $700,000. Whilst the higher value areas are also experiencing soft market conditions it is interesting to reflect that such sectors have experienced little growth since the Global Financial Crisis.

SUMMARY: Metro Residential Sales

Perth’s median house price for the June 2015 quarter was recorded at $535,000. This showed a 2.73% decrease in median price for metropolitan Perth over the last quarter and a 1.84% decrease from the same period last year.

Time Period Median House Price No. of House Sales
June 2015 Quarter $535,000 5810
March 2015 Quarter $550,000 7042
December 2014 Quarter $551,500 6936
September 2014 Quarter $550,000 7417

*Data sourced from Real Estate Institute of Western Australia (REIWA).

If you would like to find out more about our property advisory and valuation services in the Perth metro area and regional Western Australia, please contact our local team.

andrew-kavanagh

Andrew Kavanagh, FAPI CPV, BComm (Property), EMBA, MAICD
Managing Director
Opteon (Western Australia) Pty Ltd
Find out more about Andrew

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Opteon (Western Australia) Pty Ltd – Office Details
Level 1, 130 Hay Street
Subiaco, WA 6008
Ph: 1300 901 047
Contact us online today
Find out more about Opteon (Western Australia) Pty Ltd

Venture Into Valuation: Off-The-Plan Units

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Follow Sally’s journey across Australia as she looks at valuation topics and local market activity in our capital cities.

TODAY’S TOPIC: Valuation reports for off-the-plan units

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The surge in the popularity of off-the-plan property purchases with investors across the eastern sea board capital cities, has given rise to the number of valuation requests we get for this type of property.

Can a valuation report be generated for an off-the-plan unit that is yet to be completed?

In short, we can complete a valuation report for an off-the-plan property before it is fully completed, provided we get permission from either;

  1. The financial institution (bank) to generate a valuation report without an inspection or;
  2. Or the builder or developer agrees to provide access to the property to conduct an onsite inspection

However we highly recommend that an inspection be conducted closer to completion, as it eliminates assumptions and allow us to provide a more accurate report. We can better assess factors that contribute to the property’s value, like for example if the unit has views.

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Once we do gain access to the property, we will also require a full copy of the contract of sale to complete our valuation report which includes:

  1. Draft strata plan (there can be multiple Strata Plans within a complex)
  2. Schedule of finishes
  3. Floor plan
  4. Front page of contract (preferably signed and dated, allowing us to establish the contract date and identify extraneous details relating to sale inclusions, incentives and rebates)
  5. Background information on the development (including stages in development and total amount of units)
  6. Any additional factors (for example a commercial/retail component to the development)
  7. An anticipated completion date for the complex

This information is based on the most common off-the-unit-plan scenarios we come across. There are other factors that may prevent a valuation report from being generated, please contact us for further information about off-the-plan unit valuation services.

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Sally Wickham, FAPI CPV
Director Valuation Services
Opteon (Sydney)
Find out more about Sally

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Local Property Market Update: South Australia & Adelaide

Today we are in South Australia, let’s look at the local property market in the Adelaide metropolitan area, as well as the state’s regional areas.

OVERVIEW: June 2015 Quarter

The Real Estate Institute of South Australia stated that June 2015 quarter regional results mirror those found in metropolitan Adelaide for the same period. Median prices remain at record levels but the volume of sales is significantly down.

“Uncertainty over employment and record low temperatures have perhaps made this result inevitable. What is good is the fact that vendors are being realistic and purchasers are willing to pay premium prices for the properties that they want.”

– REISA

Vendor pricing becoming more realistic has been a key to the increase in sales transactions going forward, in addition to the relatively low interest rates being offered. In the affordable price brackets the market remains steady as does prestige price bracket. With most agents reporting marketing time frames of 3-4 weeks within metropolitan Adelaide.

The main cause of concern going forward for both the metropolitan and regional markets in South Australia is employment conditions.

SUMMARY: Metro Residential Sales

South Australia’s median house price for the June 2015 quarter was recorded at $428, 250. This showed a 0.76% increase in median price for metropolitan Adelaide over the last quarter and a 2.45% increase over the same period last year.

Time Period Median House Price Number of Sales
June 2015 Quarter $428,250 3038
March 2015 Quarter $425,000 3926
December 2014 Quarter $425,000 4233
September 2014 Quarter $410,000 3822

*Data sourced from Real Estate Institute of South Australia (REISA).

SUMMARY: Regional Residential Sales

The median house prices for the June 2015 quarter, for regional housing market recorded a decrease of 4.25% in the median house price over the last quarter but only 0.49% over the same period last year. From $265,000 in June 2014 quarter to $253,750 in the June 2015 quarter.

Time Period Median House Price
June 2015 Quarter $253,750
March 2015 Quarter $275,000
December 2014 Quarter $272,000
September 2014 Quarter $263,750

*Data sourced from Real Estate Institute of South Australia (REISA).

If you would like to find out more about our property advisory and valuation services in Adelaide metro area and regional South Australia, please contact our local team.

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Peter Lornie, FAPI CPV
Director & State Manager
Opteon (South Australia) Pty Ltd
Find out more about Peter

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Opteon (South Australia) Pty Ltd – Office Details
Level 2, 5/135 Fullarton Road
Rose Park SA 5067
Ph: (08) 8267 2112
Contact us online today
Find out more about Opteon (South Australia) Pty Ltd

Jordan Mercer talks about motivation in the workplace

Professional Ironwoman Jordan Mercer has been working with us on a number of key employee engagement initiatives in order to help us better mentor, motivate and support our staff. We recently announced an exciting sponsorship with Jordan and as part of our involvement with the talented Australian, we interviewed her this week on the topic of motivation in the workplace.

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We understand that working in an office environment can have its challenges. Things such as being confined to your desk or checking the endless amount of emails that seem to forever clog your inbox are just two of the challenges we face on a daily basis. Jordan reminded us that motivational roadblocks occur in her workplace too (her workplace includes the waves at Noosa, surf competitions in Hawaii and gruelling gym sessions). Surprisingly, it was easy to draw parallels between the vastly different working environments.
OPTEON PROPERTY GROUP: WHEN DO YOU LOSE MOTIVATION AT WORK AND WHY?

JORDAN MERCER: I usually find that just before all of the important preparation has been done and I’m close to the end of the training journey. That’s when I get a little lost, frustrated and lack motivation.

It’s perfectly natural, regardless of your position, that you feel the burden of frustration as you near the end of what has been a long haul task or project. Jordan described the feeling as “a combination of pressure, exhaustion and nervous anticipation while questioning if the grind was actually worthwhile.
Opteon: HOW DO YOU REGAIN MOTIVATION?

JM: I remind myself that I’m not a quitter and that there is no easy road to any place worth going. I understand and realise it will always be worth the hard yards in the long run. I think about people in less fortunate circumstances and I know that it’s never as tough a battle as it may feel like for me in that moment.

Jordan explicitly links the solution of this question to changing the way you think and look at different situations, while always maintaining a positive outlook.

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Opteon: WHAT IS THE LINK BETWEEN MOTIVATION AND INSPIRATION?

JM: Inspiration comes from positive people who make a difference to the world. They are working hard, chasing their dreams and doing it with a great appreciation for life.

The next time you are sitting at your desk or driving to your next job but don’t quite feel ‘it’, give yourself a five-minute time out to refresh and retune your train of thought. Use this time to find your inspiration to push “through the barrier” and get your motivation levels back up.

Not only will this small change make a big difference to your day, but it’s also the first step in making it work for you in the long run.

My attitude and actions affect a lot more people than just me,” Jordan stated. In concluding our interview, she reminded us about the importance that motivation from the people around us plays in creating a positive workplace environment.

Written by Claudia Feher, Digital Marketing Manager

2015 Sponsorship of Iron Woman – Jordan Mercer

We are excited to announce our recent sponsorship of Australian Professional Surf Iron Woman – Jordan Mercer.

The 21 year old has been described as one of the toughest athletes on the planet. She has achieved consecutive world records, was the youngest winner in the Hawaiian Paddleboard race and has represented Australia in multiple world titles. She was the youngest qualifier to join the Iron Woman series in 2009, at the age of 16.

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Jordan has inherited talent and ambition from her father, the legendary Australian Iron Man – Darren Mercer. Like his daughter today, he dominated the podiums in his active years, and presently still competes in Surf Life Saving competitions around the country.

Last month Jordan Mercer became an official ambassador for Seahorse Nippers – Noosa, which is a beach and surf program initiated by the Noosa Heads Surf Club for children with special needs and disabilities.

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We have sponsored Jordan because she embodies our company’s core values of being ‘inclusive, positive and innovative.’ She lives by these values in the way she trains, competes and supports her local community – including her work with The Mermaid Society and The Noosa Sea Horse Nippers.

Jordan will work with us to mentor, motivate and support our employees. Being an employer of choice we strive for work/life balance for all staff and remain committed to their personal and professional goals.

Welcome aboard Jordan, we are looking forward to working with you!

Melbourne property market unlikely to crash

Earlier this month Opteon Victoria Director, Matthew Baxter was interviewed by Property Review Australia on the state of the Victorian housing market.

Here is a short excerpt from the article:

 

WHILST talk of boom or bust should not be ignored, the fundamentals over the medium-to-longer-term for Melbourne’s property market remain sound, according to a new Australian Property Institute Victoria and Opteon report.
API (Vic) spokesperson and Opteon director Matthew Baxter said the housing market remains strong due mainly to constrained supply, net migration increases, an upsurge in activity from investors and a low interest/relatively open supply of credit availability.
With many pundits predicting dire conditions in the short-to-medium term, Baxter said a crash would normally be associated with a mostly unforeseen event, such as the global financial crisis, significantly affecting supply and demand.

Mackay Residential Property Market Update May 2015

lex Sellar, a Vauler at Opteon (Central QLD) and all round expert in residential valuations in the Mackay region, provides us with a property market update for May 2015.

“The residential market for Mackay continues to trend downwards on the back of increasing numbers of ‘Mortgagee in Possession’ sales and declining market confidence. Not only is there considered to be an oversupply of residential properties, we are now seeing a number of ‘forced sales’ occurring where the Banks are realising bad debts and selling properties to recoup their losses. Traditionally these properties sell below market due to the circumstances surrounding the sale and also due to the market’s perception that these properties sell below market value. The combined effect of the oversupply of property and ‘Mortgagee’ sales has resulted in a continued decline in values across Mackay.”

“As a result of the declining values, there has been an increase in the volume of sales across Mackay as buyers take advantage of the lower values to purchase properties which are considered to represent good value. It appears that most of the sales are due to vendors having to sell and given this motivation, many are accepting offers considerably lower than what the property was purchased for.”

Alex concluded by saying: “Overall there is still a lack of confidence in the residential market, mainly resulting from the negative feedback from the mining sector with further recent redundancies announced and limited prospects of growth in the short to medium term.”

The property pictured is an example of this sentiment. It was purchased in December 2011 for $590,000 and sold ‘Mortgagee in Possession’ this month for $460,000.

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Welcome to Opteon (Far North QLD) in Cairns

Welcome aboard Opteon (Far North QLD)!

On Monday 18 May 2015 we welcomed a new addition into the Opteon family – Opteon (Far North QLD) Pty Ltd. The local business formerly known as PRP or Preston Rowe Paterson (Cairns) Pty Ltd, will now be operating as Opteon in Cairns and the surrounding region. The new member firm is headed up by Directors Robert Cowell and Brian Walsh, whose combined expertise and over 15 years’ experience in the property valuation industry will ensure the continued growth of the business.

The transition will be smooth for existing clients with contact details and address remaining the same, with the exception of email addresses (please see new details below). Existing and new clients will benefit from access to fast, reliable and independent valuation advice and property market intelligence from across Australia.

For those looking for commercial  or residential property valuation services in the Cairns local area, please contact:
Commercial Valuations

Robert Cowell
0410 693 799
robert.cowell@opg.net
Residential Valuations

Brian Walsh
0438 545 128
brian.walsh@opg.net
Or for any other enquiries call the Cairns office on (07) 4031 9552.

 

*Robert Cowell, Managing Director of Opteon (Far North QLD) pictured.

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NSW Local Government Finance Professionals Conference

Opteon are a corporate supporter of the NSW Local Government Finance Professionals Conference in the Hunter Valley.

Held in late May, this will be the peak finance professionals conference in the state and an event which is eagerly anticipated by those in the industry. This conference will provide an opportunity for staff from over 150 New South Wales councils to increase their knowledge, skills and understanding of the issues confronting local government finance professionals today.

The Opteon team are looking forward to meeting with delegates.

Our team will be on hand to answer any questions and to discuss how we can provide valuation and advisory services to local government for financial assests and property advice.

For more information about the NSW Local Government Finance Professionals Conference 2015 click here.

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Opteon sponsor ARITA National Conference

Opteon are proud sponsors of the ARITA National Conference in Perth late May.

ARITA’s National Conference is the premier professional development event for insolvency and restructuring professionals in Australia and Asia Pacific. Developed by practitioners for practitioners, the two-day National Conference is the leading professional development event for insolvency and restructuring professionals. The program addresses the most topical and critical issues by combining highly relevant presentations with dynamic and practice-oriented masterclasses. Delegates include accounting firms, banking restructuring teams, corporate recovery professionals, credit and lending professionals, insolvency and banking lawyers, insolvency practitioners, regulators and turnaround professionals.

The Opteon team are looking forward to meeting with delegates.

Our team will be on hand to answer any questions and to discuss how Opteon can provide independent advice for asset disposal management, tax depreciation, financial reporting and property valuations.

For more information about the ARITA National Conference 2015 click here.

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Congratulations to 2015 Opteon Staff Award Winners

The 2015 Opteon National Conference closed with a bang on Friday night with the announcement of the 2015 Opteon Staff Award recipients. The award recipients were recognised for their outstanding contribution and achievement to Opteon.

A huge congratulations go out to our very deserving winners!

Pictured from left to right:

Dianne Wright
Winner of the CEO Award for Excellence 2015 (Victoria)

Melissa Kehoe
Winner of the Administration Excellence Award 2015 (Perth)

Natalie Fairlie – Chief Operating Officer and Company Secretary

Sally Wickham, Director of Opteon Sydney
Winner of the Outstanding Achievement Award Membership Firm 2015

Claire Robinson
Winner of the Emerging Professional Award 2015 (Perth)

Victoria Gracie
Winner of the Emerging Professional Award 2015 (Central Queensland)

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CEO CookOff 2015 a Success

Carriage Works located in Sydney’s Inner West – was turned into a bustling kitchen last night to raise awareness for issues of food security, homelessness and the challenges faced by youth in crisis. Over $900,000 was raised for OzHarvest – the leading Australian food rescue charity.

The CEO CookOff 2015 run by OzHarvest, was a huge success last night.

Greg Wickham, CEO Opteon – donned an apron and rolled up his sleeves along with 122 other CEO’s and  40 top chefs from around the country, to cook for disadvantaged members of the local community.

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Carriage Works – located in Sydney’s Inner West – was turned into a bustling kitchen last night to raise awareness for issues of food security, homelessness and the challenges faced by youth in crisis. Over $900,000 was raised for OzHarvest – the leading Australian food rescue charity, to help them continue their operations and support those most vulnerable in our communities.

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Congratulations go to Greg for raising a grand total of $4,190!

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Well done to OzHarvest for pulling off such a fantastic event this year! 

Greg pictured with MasterChef Australia 2012 Runner-up Julia Taylor.

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2015 ​CEO CookOff with Oz Harvest

Our CEO Greg Wickham, along with 150 other CEOs and 40 celebrity chefs will be cooking meals for vulnerable Aussies.

The CEO CookOff is on again this March in Sydney. It’s a wonderful event run by OzHarvest bringing together a collaboration of CEO’s, celebrity chefs and vulnerable Australians. This event is an initiative to raise funds and create awareness for community issues, such as food security, homelessness, youth in crisis and sustainability. The CEO CookOff has always been a great success, having raised over $3 million for Australian charities in previous years

(Pictured: Our CEO Greg Wickham and Alan Joyce Qantas CEO at last year’s CookOff.)

“I participated in this event last year, and it was an amazing experience. I am registered to take part again this year on Monday, 2 March in Sydney. Along with 150 other CEOs and 40 celebrity chefs, I will be cooking delicious meals for 1,000 vulnerable Aussies.” Greg said of his experience in 2014.

“Last year, with your help, I was able to raise $5000. This helped OzHarvest deliver the equivalent of 20,000 meals to Australians in need. Every $1 donated means that OzHarvest can deliver the equivalent of two meals.” 

If you’d like to get involved in this amazing cause, show your support and donate. Help Greg reach his donation goal of $8000. Every little bit counts.

Your support is much appreciated!

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QLD House market tipped to rise

Experts see improvements for late next year

Kim Clarke, Daily Mercury

Home buyers in regional Queensland who are feeling the market crunch will be relieved to know that early signs of market recovery are now expected to kick-in from late next year, says property expert Kim Clarke and developer of Plantation Palms.

“While the market is expected to remain at lowlevels over coming months, latest market insights from Opteon, Australia’s largest network of property valuers and advisors, reveal that the market should start improving in the fourth quarter of 2015 and continue into 2016,” Mr Clarke said.

Alex Sellar, registered valuer at Opteon said: “We expect to see an improvement in confidence in the mining sector  from around September/October next year. This increase in confidence is on the back of a positive outlook with regard to some  developments and the increased political attention regarding flyin, fly-out employment and the detrimental effect this has on local  communities. This should have a positive flow-on effect for the housing market, where we should see an increase in new dwelling approvals,  as well as a lift in sales prices as the market gathers pace.”

Understanding the current market sentiment, Mr Clarke addresses some of the most common anxieties being felt among home buyers in Mackay:

“Market confidence is currently low. Many consumers are holding  back on their decisions to see if the market weathers the storm and if employment picks up,” Kim said.

“The good news is that the market is tipped to slowly regain its strength come late 2015. With the dollar easing from its peak and interest rates also likely to remain low, this  should offer a muchneeded boost in confidence for local businesses and those interested in buying or building.”

There is little financial  incentive to buy now. Despite house prices falling by as much as 5 per cent on properties valued between $200,000- 450,000, there remains  lenty of value on offer.

“With prices and interest rates lower than they have been in years, now is a good time to buy in Mackay.”

The market should start improving in the fourth quarter of 2015 and continue into 2016… 

Opteon (South East QLD) Team get Coloured for Kids

Show your true colours

Footy colours day

Footy Colours day is a day to support children and teens fighting cancer so on Friday 5th September, members of Opteon (South East QLD) went for breakfast (in a variety of shirts) and donated to this worthwhile charity.

Thank you Ben, Tony, John, Rob, Sarah, Pete, Matt, Jonathan, Tina, Cathie, Aaron, Phillip, Michelle and Colin for getting up early and coming along.

Vintage Tall Ship

The Opteon (Victoria) Plant & Equipment team has recently undertaken the project of valuing a vintage Tall Ship located in Docklands, Melbourne. Known as “Enterprize” it is a replica of the vessel that founded Melbourne on the 30th of August 1835 and was built for the purpose of commemorating this discovery of the City of Melbourne.

Construction of the vessel began in August 1991 at the Melbourne Maritime Museum and was completed in Williamstown in December of 1997 by numerous skilled trades people and volunteers. The Ship measures a total length of 27 metres with a height from mast to waterline of 19.1 metres. The “Enterprize” had her first major voyage in 1998 sailing from Sydney to Hobart to compete in the Tall Ships event.

For information on Tall Ship visit http://www.enterprize.org.au

WA Team Carwash for Cancer

The Opteon (Western Australia) team recently volunteered their time at a charity car wash at the Cancer Council’s Crawford Lodge.

Crawford Lodge is accommodation for regional cancer patients and their carers whilst they undergo treatment. The residents from Crawford Lodge expressed their gratefulness to the Opteon team. A great representation of how a small initiative can brighten up someone’s day and help make a difference to people who are going through a difficult time.

For more information on how you can support or become involved, visit the Cancer Council website at www.cancerwa.asn.au