{"id":7349,"date":"2016-03-16T01:00:12","date_gmt":"2016-03-15T14:00:12","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=7349"},"modified":"2016-03-16T01:00:12","modified_gmt":"2016-03-15T14:00:12","slug":"great-developments-around-south-east-queensland","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/great-developments-around-south-east-queensland\/","title":{"rendered":"Great developments around South East Queensland – Mark Stockwell"},"content":{"rendered":"

 
\nIn today’s show we talk to former Olympian Mark Stockwell<\/strong> who has taken his family development company to new height.
\n <\/p>\n

Transcript:<\/strong><\/h4>\n

Kevin:<\/b>\u00a0 My next guest is Mark Stockwell. Mark is the managing director of Stockwell, a Queensland business based in Brisbane that focuses on property development, design, and construction, and also funds management. He is responsible for a number of great developments around South East Queensland.
\nMark, thank you for your time today on the show.
\nMark:<\/b>\u00a0 My pleasure. Good to be up early.
\nKevin:<\/b>\u00a0 Yes, indeed. It is good. It\u2019s a nice start for the weekend. Mark, I want to talk to you about your developments and what\u2019s coming through the pipeline, but just before we do, you come from an exceptionally competitive background. We\u2019ve talked about that on the show before. As an elite swimmer, you represented Australia at the \u201984 Olympics. Was that \u201984?
\nMark:<\/b>\u00a0 That\u2019s right. You\u2019re a sporting historian, as well.
\nKevin:<\/b>\u00a0 Yes, well, a good producer. Also the \u201986 Commonwealth Games. How has that prepared you for business?
\nMark:<\/b>\u00a0 I think, by far, my biggest influences were my father and mother; I grew up in a business family, but through sport, it opened a lot of doors. But the thing about doors opening, you have to be able to walk through them, know which ones to walk through, and when you get in there, to behave in a way that you can get the business done.
\nThose things about patience that you learn, being dedicated to an outcome, the extreme patience you have to have when you set your mind to say, \u201cIn four years\u2019 time, I\u2019m going to go to the Olympics; I want to be the best in the world,\u201d those sorts of things, you do take a lot of confidence into business, and you do take a lot of personal knowledge on how to cope with pressure situations, how to stay calm when the GFC is falling around you, because in competition, when you\u2019re standing up in front of 20,000 people and they\u2019re all cheering for the Americans or something, you have to be able to sit there and stay focused on what you\u2019re doing. Those sorts of things, I think, have really helped me a lot in business.
\nKevin:<\/b>\u00a0 You mentioned there about your parents. I believe they formed the company Stockwell Property Ltd. There must have been some great conversations around the kitchen table as you were growing up about what they were doing. Did that contribute to where you eventually went?
\nMark:<\/b>\u00a0 There were two things. One is I used to get dragged around construction sites with my old man. Then when he was busy, he used to throw me in with the supervisors, and they would drive me around in the utes, and I was on the two-way radio, thinking, \u201cHow special am I?\u201d
\nThe other thing was my mother was the company\u2019s secretary and involved in the business. Back then, in the \u201960s and \u201970s, there weren\u2019t too many women in high-profile positions, so she was a bit of a suffragette in her own way. As a result of Mum being involved in the business, it was always discussed around the kitchen table. Work and life have always been intermingled in the Stockwell household.
\nKevin:<\/b>\u00a0 Of course, your mom and dad were very successful with the business, as you have been, but you\u2019ve taken it into different directions, as well, like funds management and so on. How did you identify a hole in the market, and why did you diversify that way?
\nMark:<\/b>\u00a0 Into funds management?
\nKevin:<\/b>\u00a0 Yes.
\nMark:<\/b>\u00a0 The big thing for us has been looking at what are other income streams and other businesses that we can be involved in that use our core skills in building that business? So, it\u2019s not like we\u2019re out there in new areas. The funds management ticks both of those boxes in the sense that we use all our property knowledge, because at the end of the day, funds management, it\u2019s the property that draws in income. That was that.
\nWe saw the opportunity where interest rates were dropping. What we knew about interest rates dropping, we could lock in to long-term debt, five-year debt, and actually, as the interest rate becomes less and you gear it the right way, you can return a greater cash return to your investors.
\nSo the investors are sitting there saying, \u201cI want an 8% return,\u201d but you can actually go and gear an asset at a 55% loan-to-value ratio paying 4.5% interest, so you have a 3.5% margin that gives you the opportunity to play with. That\u2019s really the opportunity that we saw and jumped on that.
\nKevin:<\/b>\u00a0 Of course, there have been some big challenges in recent times. We\u2019ll cite APRA and its tightening of the investor market \u2013 that has to have some impact on your business \u2013 and now the discussion is around negative gearing. I guess they balance each other out a bit. What is your feeling on negative gearing?
\nMark:<\/b>\u00a0 My feeling is governments can\u2019t help themselves. Negative gearing and property investment is the cornerstone of an investment strategy for just about every Australian household. Once people and families own their own home, the next thing they\u2019re looking for is that investment asset. I think because people feel comfortable with residential, it\u2019s an obvious investment.
\nNegative gearing really does fire the whole economy. I sit there and I scratch my head, and I think construction and property is the one area that\u2019s actually working for this country at the moment. From a state point of view, the state government should be outraged about this because what\u2019s going to happen is it\u2019s going to have a direct impact on their stamp duty returns.
\nIf you talk to the Treasurer of Queensland at the moment, the thing that\u2019s holding up the budget for the Queensland government is stamp duty that\u2019s being driven out of residential development in and around the CBD of Brisbane.
\nYou have a situation where construction jobs and government revenues, particularly at the state level, are going to be impacted. That\u2019s going to help the federal government at their level, but at what cost? I think groups like the Property Council and businesses like mine, I sit there and go, \u201cThe one area that\u2019s working, why do you want to mess with it?\u201d I\u2019m not a big fan, Kevin, as you can tell.
\nKevin:<\/b>\u00a0 I can tell that, and that\u2019s echoed right around the country, I think. I\u2019ve had commentators tell me it\u2019s a bit like low-hanging fruit; it was one of those easy ones to pick on that\u2019s going to get you some votes. Maybe not. We\u2019ll have to watch that, anyway.
\nMark:<\/b>\u00a0 I just think there is a lot of middle Australia who actually own an investment property. At the moment, there are not too many properties that have to rely on negative gearing because interest rates are so low, but when that moves again, it creates that buffer for investors to cope with rising interest rates.
\nI think here, again, maybe part of it, what the government should be saying is, \u201cIn GST, instead of 15%, it should be 12%. Super, we should take a little bit there, and negative gearing, we can look at something there,\u201d but to go and hit one sector over another is not very wise, I don\u2019t think.
\nKevin:<\/b>\u00a0 Yes, because negative gearing doesn\u2019t just apply to property, of course. That\u2019s the one that they tend to pick on all the time. Negative gearing goes across quite a few investment asset categories.
\nMark:<\/b>\u00a0 Yes, that\u2019s true.
\nKevin:<\/b>\u00a0 Mark, great talking to you. Thanks for your time. Much appreciated.
\nMark:<\/b>\u00a0 Thanks, Kevin. Cheers, mate.<\/p>\n","protected":false},"excerpt":{"rendered":"

  In today’s show we talk to former Olympian Mark Stockwell who has taken his family development company to new height.   Transcript: Kevin:\u00a0 My next guest is Mark Stockwell. 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