Commercial property specialist shares insight into market

PASSION FOR INVESTING: Dale Ware is excited about the change in his career path.
PASSION FOR INVESTING: Dale Ware is excited about the change in his career path. Photo Contributed

MEET Ray White Gladstone commercial property specialist Dale Ware.

This week Dale features in our Agent Insight section.

About Dale

I HAVE been in Gladstone since 1967, did all my schooling here, then went off to uni to do a degree in surveying.

After that I owned and operated my family business Wares Blinds Screens and Awnings for the next 28 years, selling this business late last year.

I've played hockey for the last 45 years and am still going, I'm a life member of Meteors Hockey Club and Meteors Sports Club.

My other main hobby is boating; I love being out at the reef, fishing and snorkelling and all things boating.

I am the father of two young men, Mitchell and Lachlan, now both working.

Market view

I HAVE been investing in residential and commercial real estate for the last 28 years.

This includes buying existing properties and developing new ones.

I am also a director of a company that has four subdivisions in Central Queensland with a total of about 600 residential lots.

Commercial real estate is really my passion whether, it's buying, selling or leasing.

Right now is the best real estate buying conditions that we have seen in Gladstone for quite a few years.

Prices are reasonable, interest rates are the lowest we are likely to get and we are about to experience the next stage in our industrial development.

The operational stage of the new gas plants will begin later this year, which will bring a new wave of business to Gladstone for their maintenance and upkeep.

If you take a look at the property investment clock you will notice that Gladstone is almost at the bottom, meaning right now is the best time to buy.

What too many people do is start buying in the boom phase of the clock.

Gladstone, as with any market, will always have its rises and falls.

The secret to investing in the Gladstone market is to realise we are usually in a different part of the cycle to the capital cities.

Gladstone has its own cycle, driven by local conditions.

At the moment there are some really good deals in commercial real estate.

Self managed super funds are a great vehicle for purchasing quality real estate in that they provide a safe, low tax place to hold investments.

Commercial and industrial property follows the same principals as residential real estate.

To sell a property it must be well presented and priced correctly.

First impressions are important, so a well maintained and keenly priced property will give you the best chance of selling or leasing your property.

Today's buyers and tenants are very market savvy. If you are a buyer or lessee don't be afraid to submit offers lower than the asking price because you might just end up with a bargain.