News

William Gunning tackles world’s longest, toughest horse race

Returning to his roots as a horseman, commercial agent and director of Gunning Real Estate, William Gunning has successfully completed the 10th Mongol Derby. William was one of 44 riders from 12 countries who took on the challenge of the world’s longest and toughest horse race as classified by the Guinness Book of Records. “I was inspired by the legacy of my grandfather who was a great horseman and my childhood which saw some of my fondest memories in the…

Food outlets rule as Wheels & Doll Baby says goodbye to Surry Hills

One of Sydney’s most exciting and iconic retailers has bid farewell to the once thriving fashion destination of Surry Hills as the suburb continues its transformation to a food destination. Gunning leasing agents, Anthony Tsapicounis and Alberto Da Grava said the iconic retailer Wheels & Doll Baby called it quits after 30 years in the prominent location of 259 Crown Street, Surry Hills. “A combination of factors has contributed to the change in focus for the area,” they said.  “Surry Hills has seen…

End of year market wrap 2017

Click the icon below to watch Malcolm Gunning's overview of what he describes as a year of change. [youtube url="https://www.youtube.com/watch?v=yIJpAdKguMI"]

Brakes put on the investment market

Seven new pieces of legalisation were introduced this year by APRA, the fiscal regulator, to slow investment in residential property, doing the job of the Reserve Bank as far as not having to increase interest rates. Gunning Principal Malcolm Gunning said the most significant new legislation was aimed directly at the foreign investors and the local residential investor that almost immediately subdued the demand.   “The peak for home sale in my opinion was the third quarter of 2016,” Mr…

Attractive commercial property market sees continued expansion of Gunning

The regeneration of Sydney CBD is underpinning a relatively favourable period for secondary rental growth making the commercial property market particularly attractive, according to leading commercial, retail and industrial real estate agency Gunning. Gunning leasing, sales & brokerage agent Simon Larkins said at a time when smaller tenants are becoming more active in the leasing market, secondary stock remains limited as older buildings are withdrawn from the market for alternative uses or redevelopment. “Tenant demand in the Sydney CBD has picked up…

Celebrity dry cleaners hits market in Rozelle

Offered to the market for the first time in more than 50 years the home of a Celebrity Dry Cleaners in Rozelle has seen the changing face of the suburb and presents a unique opportunity to secure a large corner block in the much sought after area. Gunning Real Estate Sales Agent Robert Maher said the current owners purchased the property in 1964 as a dry cleaning business. “The shop was a hardware store for many years before the mid…

Caringbah catering for mixed residential, medical demand

Caringbah’s vision for it’s medical precinct is coming to fruition with a new development combining first class residential accommodation with a Medical Centre on the ground and first floor about to start construction. The Hinkler Medical Centre which is due for practical completion in mid to late 2019 is currently sourcing an anchor tenant along with several specialists.   Gunning Real Estate Associate Director James McKenny said the development was an exciting opportunity for a range of medical practitioners to…

Randwick property hits The Spot for investors

A prime piece of real estate, in one of the most tightly held Eastern Suburbs commercial precincts, is up for grabs with ‘44 At The Spot’ listed for sale through Gunning Real Estate. Being offered to the market for the first time in over 40 years, the property has been very well received, with an overwhelming amount of prospective purchasers registering interest in the property already. Harry Sullivan of Gunning Real Estate said the property offers a very diverse opportunity,…

Beachside restaurant a treat for investors

Investors with a sweet tooth are looking to take a slice of one of the best positions on the Brighton-Le-Sands food and entertainment strip, according to Gunning Real Estate. Gunning Real Estate Director William Gunning said the prominent freestanding restaurant building on the corner of Bay Street and The Grand Parade Brighton Le Sands is home to Dezerts Restaurant. “The expansive two level waterfront café restaurant which specialises in home made deserts is on a five year lease of almost…

Commercial property market to strengthen further in 2017: Gunning

Strong demand in the commercial property market is expected to continue as mum and dad investors turn their back on residential property, according to leading real estate agency Gunning. “An undersupply of investment opportunities and a further compacting of yields as a result of ongoing interest will see another solid year for commercial real estate investment,” Malcolm Gunning of Gunning Real Estate said. “The falling number of properties due to turnover costs is exacerbating supply. The impact that capital gains…