What a year this financial year has been for the industrial property market! It totally outperformed all expectations. Record new land prices have been achieved in each quarter for the North, South, East and West regions. Developers realise the supply of zoned, serviced land is rapidly coming to an end. This has resulted in a “frenzy” of highly competitive land sales.
In reality, this is a catch-up, considering we experienced hardly any growth in values from 2008 to 2016.
On the ground, we believe that the flow-on effect of the significant land value increases, strong economic performance, infrastructure upgrades and short supply of built form will result in increased rentals/building values and will reduce incentives over the next 12 to 24 months.
Strong demand from purchasers and tenants continues, with many requirements remaining unsatisfied due to a lack of supply.
It has been an outstanding year, and the next financial year outlook is just as positive.
by Drew Williams in Latest News
Archived Posts
- October 2024 (1)
- September 2024 (1)
- August 2024 (1)
- July 2024 (1)
- February 2024 (2)
- November 2023 (3)
- July 2023 (3)
- March 2023 (1)
- September 2022 (1)
- June 2022 (3)
- March 2022 (1)
- February 2022 (6)
- May 2021 (2)
- March 2021 (1)
- February 2021 (1)
- December 2020 (1)
- November 2020 (1)
- October 2020 (1)
- September 2020 (1)
- August 2020 (1)
- July 2020 (4)
- February 2020 (1)
- December 2019 (3)
- August 2019 (1)
- July 2019 (1)
- June 2019 (1)
- March 2019 (4)
- February 2019 (3)
- December 2018 (3)
- November 2018 (3)
- October 2018 (3)
- September 2018 (3)
- August 2018 (3)
- July 2018 (3)
- June 2018 (3)
- May 2018 (8)
- April 2018 (3)
- March 2018 (2)
- February 2018 (3)
- December 2017 (3)
- November 2017 (4)
- October 2017 (5)
- August 2017 (3)
- July 2017 (3)
- June 2017 (3)
- May 2017 (3)
- April 2017 (10)
- March 2017 (3)
- February 2017 (4)
- December 2016 (5)
- November 2016 (10)
- October 2016 (6)
- September 2016 (6)
- August 2016 (3)
- July 2016 (3)
- June 2016 (2)
- May 2011 (1)