CivicMJD head office is situated on iconic Jones Bay Wharf in Pyrmont with spectacular views to Sydney CBD, Barangaroo and Sydney Harbour Bridge. The office is managed by directors and senior valuers and facilitates valuers, graduates and support staff. The team are highly involved withing the Sydney property market being one of the go to teams for all major banks and boutique lenders for commercial, specialised, development, going concern and prestige residential valuation & advisory services.
Over the span of 2022 the Sydney CBD team witnessed an everchanging property market. Some key changing market conditions which had an impact on asset values included the increases in cost of debt influenced by RBA interest rate rises, increases in construction costs & inflation and ongoing post COVID 19 office & retail market inconsistencies. Through this time our team provided the most update consulting advice to our clients by reliance on our close ties with Sydney’s leading agents, utilizing the Civic MJD network of highly experienced valuers nationally and ensuring that all staff attended numerous specialized asset class and property industry training and events through the year.
Over the span of 2022 the Sydney CBD team witnessed an everchanging property market. Some key changing market conditions which had an impact on asset values included the increases in cost of debt influenced by RBA interest rate rises, increases in construction costs & inflation and ongoing post COVID 19 office & retail market inconsistencies.
Through this time our team provided the most update consulting advice to our clients by reliance on our close ties with Sydney’s leading agents, utilizing the Civic MJD network of highly experienced valuers nationally and ensuring that all staff attended numerous specialized asset class and property industry training and events through the year.
2022 Valuation highlights for the Sydney team included:
–Valuations for prestige residential properties which includes undertaking valuations in predominately Sydney’s east which incorporates suburbs such as Point Piper, Vaucluse, Bellevue Hill, Rose Bay, and Double Bay – the team valued some of Australia’s most expensive real estate as well as provided strategic consulting advice for development. This included even unique matters associated with securing roof top space on beach front property unit blocks for addition of penthouse levels to older buildings.
–Coordinated and provided strategic consulting and valuation advice to numerous state and local government organizations as well as individuals facing government related acquisition including in areas with changes to zoning and development controls. Our team was involved in numerous government projects such as Sydney Metro.
–Ensuring that our advice to our banking clients remained top tier – through this period our teams provided valuation advice for numerous commercial, industrial, development, health care, retail shopping center, tourism, going concern and specialized assets.
–Throughout 2022 directors and senior personnel were highly involved in solidifying the Civic MJD national reach which now spans to offices in Sydney, Melbourne, Brisbane, Darwin, Perth, Wollongong, Newcastle. The national reach ensures the sharing of the most up to date national property insights within our team and ensures that our clients benefit from the skillset and knowledge of senior valuers based all over Australia.
The upcoming year is ready to provide a challenging, albeit exciting year for the Sydney team. Key considerations for the team include the impact of higher interest rate environment on market investment expectations and how these flows onto the various asset classes and buyer profiles both in metro and regional environments. We are committed to providing the top tier valuation consulting advice into 2023. New clients are welcome to contact the head office for any enquiries. We also thank our existing clients and look forward to an exciting and productive 2023!