Regional Excellence Recognised: MMJ Wins National Commercial Awards.

On February 6, 2024, the Reserve Bank of Australia (RBA) made a pivotal decision to maintain the cash rate at 4.35%, marking its first policy announcement of the year. This decision comes against a backdrop of gradually declining inflation, which eased to 4.1% in the December quarter, down from 5.4% in September​​.

When it comes to leasing commercial properties in Australia, understanding the rental structure is crucial for both landlords and tenants. One of the fundamental decisions to make is whether to opt for Gross Rent or Net Rent. Each has its own intricacies and implications that can significantly impact the bottom line. In this article, we'll explore the differences between these two structures and delve into the nuances of Net Rent, including its collection options.

The commercial real estate market in Australia can be a lucrative investment opportunity, attracting landlords looking to maximise their returns. While self-managing properties may seem like a cost-effective approach, it is essential to recognise the risks involved.

This corner freehold building in the Melbourne CBD is a unique find, boasting triple street frontages spanning 48 metres and a generous Building Area of 1,187 sqm. The underlying land area of 288 sqm, under the sought-after Capital City 1 Zoning (CCZ1), offers immense flexibility for potential residential, office, education, hotel, student accommodation, and more (subject to council approval). 

This year's nominations have brought forth not just one, but two outstanding individuals from MMJ Real Estate. Melody Reid, a distinguished figure in commercial property management, has been nominated as a finalist, while Katey Randall's exceptional contributions in office operations have earned her a well-deserved recognition.