In Client Experience

AUSTRALIA UPDATE SOUTH AFRICA UPDATE

Blind Cricket Tasmania Receives Funding

Last weekend Daniel Winston and Mark Weaver of Harcourts Hobart interrupted training to present a cheque to Phillip Drury, CEO of Inclusive Innovations Tasmania, and members of the Blind Cricket Tasmania team. Benefitting from the latest Round Of Harcourts Foundation Grants, the Grant of $3,000 for Blind Cricket Tasmania will go toward appropriate clothing kits for the Tasmanian players to train in. It will also fund their uniforms for the 2023 National Cricket Inclusion Championships, where they will be up for selection in the Australian national team which plays across the world, including Lords Cricket Ground in England. “Now the Blind Cricket Tasmania squad has reached a level of skill and commitment in the player group, we need to fit them out with traditional cricket ‘whites’ which they will need to wear when playing at the national championships,” commented Mr Drury.

Grant Round 53

Ranging from the likes of The Royal Brisbane and Women’s Hospital in Queensland, to Foodfilled Incorporated and The Nappy Collective in Victoria, to Inclusive Innovations in Tasmania, to Ride to Provide, Hands Across the Water in NSW/ACT, the funds were granted to organisations from across all the States to support, grow and enrich their communities. Grant Round 53 put over $40,000 into the hands of charitable organisations that help hundreds of people. Grants were awarded to: • The Royal Brisbane and Women’s Hospital • Foodfilled Incorporated • The Nappy Collective • Inclusive Innovations • St Johns Ambulance • The Aboriginal Literacy Foundation Inc • Cystic Fibrosis Tasmania Inc • Ride to Provide, Hands Across the Water – Michael Garside,

Harcourts Dapto As part of our contribution in honouring our beloved hero, The Harcourts Foundation pledged R67,000 in grants to enable our offices to make a difference in their communities on Mandela Day, 18th July 2022. We are proud to announce our Harcourts offices who were involved in this project and their recipients: • Harcourts Upper Highway - Animal Antics Pet Rescue • Harcourts Beachfront - MTR Smit Children’s Haven • Harcourt Rustenburg Rentals - Die Rots Kinderhuis • Harcourts Patrick & Co - Aryan Benevolent Homes for the Aged • Harcourts Mandela Bay Port Elizabeth - CANSA • Harcourts Hartenbos - SPCA Garden Route • Harcourts Rustenburg Sales - SPCA Rustenburg • Harcourts Infinite - Metronome Project • Harcourts Cape Agulhas - Luv 4 Pets • Harcourts Ikhaya - Assisting the Tafelsig Community with meals • Harcourts Newcastle - Home Meah • Harcourts Waterberg - Waterberg Diensentrum vir Bejaardes • Harcourts Dolphin Coast - Westbrook Retirement Village

New Zealand Update

The Commercial and Industrial market across New Zealand continues to attract good interest from investors, particularly for quality industrial stock. Like other investment classes, however, increases in interest rates, hardened lending criteria and business challenges from international supply chain issues have seen some reduction from the frenetic market conditions of the last 24 months. There is no question a flight to quality continues with properties presented to the market with challenges facing push back from the buyer pool. Auction continues to be the preferred method of sale for our leading teams with both our North Shore and Hamilton NAI Harcourts teams continuing to drive regular auction catalogues to maximise results for our sellers. A recent commercial agency forum held over zoom reinforced the power of our network with open sharing of ideas and skills, coupled with specific requests regarding current listings leading to opportunities being generated.

Australia Update

Into the face of a handful of interest rate rises and the commercial market sector shows a mature handling of the market conditions. The Australian Financial year came to a close with NAI Harcourts biggest settlement month in over two years and overall a very strong first quarter. Stock levels remain tight and as such will be our challenge, but they also support more strong activity when available. WA and Victoria led the way with some surprising trends. Hospitality, Hotels and Business sales were all particularly buoyant, and after all the delays and lockdowns the Victorian Industrial market started settling some of its long-awaited construction deals. Ultimately the biggest highlight was John Georgiou (NAI Harcourts Platinum) and his clean sweep at the Victorian State awards for Q1.

John Georgiou (NAI Harcourts Platinum)

Around the network there is plenty to talk about, and our people have been leading some great conversations. • Consolidation of the Tasmanian Commercial business under Warwick

Hobart • A new Regional NAI Harcourts offering in WA with Oliver and

Angela Kietzmann at the helm • NAI Harcourts Sunshine Coast joining the Property Centre team working the Brisbane Southside • NAI Harcourts Southern Division joining the team over in Hastings (VIC) at Harcourts JT & Co • A new main street office in Tenterfield As we head into spring, we are looking forward to the NAI Harcourts conference day, rescheduled for 5 October in Auckland where a bench of both internal and external speakers will provide a significant professional growth opportunity.

And watch for more news in coming months with more openings set in Queensland, Victoria and NSW. In the media we have seen great coverage of Albert Fontana (NAI Harcourts Metro) and his “matchmaking abilities”, demonstrating how effective a bit of good PR can be, with his story being picked up multiple times. In Queensland, Phil Grant and Nathan O’Neill joined me in a Real Estate Institute function that we led with help from realestate.com.au, drawing a crowd of our peers and putting the NAI Harcourt’s name on everyone’s lips as we discussed the commercial market outlook. INDUSTRIAL to remain strong with high occupancy around the country and limited new product coming on (and slowly). OFFICE Still facing challenges, especially in CBD locations. But quality product is still highly regarded. RETAIL Deals are price sensitive, and food service remains the “on trend” category. Staffing levels continue to plague recovery efforts. LEASING activities are holding up well, particularly due to low vacancies and limited new supply. Caution around inflation means that higher levels of negotiation are required. BUSINESS SALES strong settlements in recent times as many in the workforce re-evaluate what they want.