Recognising the Need for Capital Expenditure.
MMJ | Real Estate Blog
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1w ago
A Case Study of 54-58 Wells Street, Frankston  The story of 54-58 Wells Street, Frankston, serves as a compelling case study highlighting the critical importance of recognising when capital expenditure is needed in the realm of commercial real estate. This circa 1982 office retail building faced persistent issues with roof leaks and air conditioning services, leading to a cascade of challenges for both the property owner and tenants.   Constructed in 1982, the building had undergone multiple patch repairs over the years to address roof leaks and air conditioning malfunctions. Situate ..read more
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Recognising & Celebrating the Women of MMJ this International Women's Day
MMJ | Real Estate Blog
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2w ago
At MMJ Real Estate, we are immensely proud of the significant presence and impact of women within our organisation. Representing 60% of our entire workforce, our 98 female employees underscore MMJ's status as a leader in gender representation within the real estate sector. We remain committed to gender equality and view International Women's Day as a crucial occasion to acknowledge our strides towards fostering a more inclusive and empowering workplace environment.   Our dedication to developing the skills and careers of our female staff is evident through the recognition they receiv ..read more
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Inside Heritage North Wollongong: Display suite tour of North Wollongong's newest apartment development
MMJ | Real Estate Blog
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1M ago
Heritage presents a rare opportunity to purchase a brand-new apartment 400 meters from the beach. Heritage North Wollongong will be the newest address in the sought-after suburb just north of the heart of Wollongong, the epicentre of activity in the Illawarra Region. Heritage will feature just 22 contemporary apartments which are set to be completed in mid-2024. The development is presented by the highly regarded, three-gold star iCIRT-rated builder developer, Modco and sold by the award-winning project marketing team at MMJ Wollongong. Heritage presents a rare opportunity t ..read more
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New Year Outlook for Residential Property Market
MMJ | Real Estate Blog
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1M ago
From both a selling and rental point of view, there are a number of considerations for both owners and prospective buyers/tenants to ponder. Traditionally, the new year period is very active. As with many aspects of one’s life, people tend to make significant decisions about their next steps and perhaps none more so than with their property matters. The new year period is often the most active of any calendar year with people often on leave with their children or taking some out to enjoy the Australian summer.  This often means that buyers will have some down time to search for their next ..read more
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MODCO Unveils Penthouse Apartments
MMJ | Real Estate Blog
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1M ago
MODCO, a prominent player in the real estate industry and South West Sydney, is set to make their mark in North Wollongong with their three upcoming developments after completing AIRE, located at Atchison Street, Wollongong. As a 3-Gold Star iCIRT accredited builder, MODCO has gained recognition for its commitment to excellence in construction and innovation. One of their developments nearing completion is the Heritage development located at 37 Virginia Street, North Wollongong, featuring luxurious penthouse apartments that recently released in December. Heritage is due for completio ..read more
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High on Compassion: MMJ Volunteer for Escabags
MMJ | Real Estate Blog
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1M ago
A handful of team members from the Commercial Sales based in Wollongong took some time out of their busy day to spend a day volunteering at Escabags. Escabags is a fantastic and worthy cause aiming to alleviate the immediate trauma of domestic abuse by providing free and effective access to 'Escape Bags' in communities, whilst connecting victims with resources and agencies to continue their journey towards survivorship. The volunteering day gave the team the opportunity to be introduced to Escabags, an idea of how to recognise the signs of domestic and family abuse, understand terminology and ..read more
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Insights From A Childcare Business Buyer
MMJ | Real Estate Blog
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1M ago
Recently we met with Daniela Silicato, a seasoned early childhood education professional who has achieved a significant milestone with her second acquisition of a childcare centre. Daniela recently purchased a childcare centre in the Illawarra region, this marks her second childcare centre in operation as of 2024, in addition to her existing centre ‘Milieu’ located in Condell Park. We eagerly anticipate witnessing Daniela's impact on the Oak Flats centre and look forward to celebrating her future achievements. Experience and Business Ownership Business Duration How long have you been a busine ..read more
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The Big Squeeze on Industrial
MMJ | Real Estate Blog
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1M ago
Unbeknown to most, including the majority of tenants, a perfect storm has been building in the industrial leasing market. This has led to what has now become somewhat of a crisis: an acute shortage of medium to larger industrial premises in the Illawarra. There have been numerous contributing factors: An Australian wide strengthening of the industrial market Extremely low industrial vacancy to Greater Sydney ‘Out of town’ business being forced to seek alternate locations such as the Illawarra to operate from The proliferation of ‘cookie cutter’ style small industrial unit developments ..read more
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Operator Announced For North Wollongong Surf Club
MMJ | Real Estate Blog
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1M ago
MMJ Wollongong is thrilled to announce the successful appointment of ‘The Boathouse Group’ as the operator for what is undeniably the region's premier hospitality opportunity, the North Wollongong Surf Club.   "After extensive efforts overcoming bureaucratic hurdles and navigating approval processes, we are excited to finally share this momentous news," stated Michael Croghan, Director of Commercial Leasing. "The selection of The Boathouse Group, renowned for their exceptional track record in managing similar establishments across Sydney and the Central Coast, was a testament to their ent ..read more
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Record Breaking Turnout at this Year's MMJ Aquathon
MMJ | Real Estate Blog
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1M ago
We are thrilled to share the spectacular success of the recent MMJ Aquathon held in the scenic Wollongong Harbour on Australia Day 2024. The event, famed as Australia's favorite swim-run, was not just a day of athletic prowess but a testament to community spirit and unity which shone brightly in our ‘red army.’ It's no surprise that the Aquathon has become a hallmark event in the Illawarra, attracting participants and spectators alike in record numbers this year. MMJ has proudly been associated with the event as title sponsor for 7 years.  The extraordinary success of the event can be la ..read more
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