CivicMJD Wollongong office is strategically located in Austinmer, a popular lifestyle, beach, and tourist suburb north of Wollongong CBD and south of Sydney. The office is staffed by senior valuers with significant valuation expertise across commercial, retail, industrial, office, development, prestige residential, going concern and specialised property segments. The office is highly integrated with Sydney’s head office and is strategically placed to service Southwest Greater Sydney, the Illawarra Region, NSW South Coast and ACT. These regions present with a highly active and diverse property markets and development pipelines across residential, mixed use, commercial, industrial, and specialised property segments.
Throughout 2022 the Wollongong team met a challenging economic environment with changing market conditions across all property segments. The team relied on close ties with local agents and allied property professionals to deliver highly reliable and sough after valuation services to banking, development, government, and private clients.
2022 Valuation highlights for the team included:
–Developer advisory services concerning a significant mixed-use project spanning over 18 hectares with a proposed 550 residential dwellings along with commercial and retail development on heritage and environmentally sensitive land, this being one of the most exciting projects for the area in recent times.
–Mortgage valuation for commercial and prestige residential segments including valuation of some of the Australian’s most expensive rural lifestyle property which is found in the region. CivicMJD services all big 4 banks and a myriad of niche lenders.
–Valuation of highly specialised commercial properties such as medical facilities and going concerns with intricate cash flows and development potential.
–Consulting assignments for government and private clients concerning compulsory acquisition, expert witness, strategic acquisition.
2023 is set to be a huge year for the Wollongong team! Rapidly changing market dynamics, limited sales evidence, and a new post COVID 19 economic environment present challenges that our team are ready to meet via our localised expertise and the support of our national network. New clients are welcome to contact the Wollongong team or head office for any enquiries. We also thank our existing clients and look forward to an exciting and productive 2023!
