Sub $10 million price bracket driving Brisbane industrial market

Sub $10 million price bracket driving Brisbane industrial market
Sub $10 million price bracket driving Brisbane industrial market

Industrial land prices along Brisbane's Trade Coast have recorded their second quarterly increase according to the Brisbane industrial briefing for April from Savills.

Savills recorded around $1.133 billion worth of industrial property transactions under $2 million in the 12 months to March 2016, an increase from the $1.019 billion recorded in the previous year, and up on the five year average of $779 million.

According to the report private investors are also starting to emerge within the sub $2 million price range  - a sure a sign that confidence is beginning to return to the market. 

"Buyers within the $2 million to ten million dollar price range remain the most active with 75 percent of industrial sales for the year ending March 2016," Savills reported.

"Englobo land sales continue to dwindle within the Brisbane metropolitan area due to a lack of availability within the key industrial precincts. A number of industrial properties sold over the year however had subsidiary land available for further development, such as the sale of 1-5 Bishop Dr, Fisherman Island which reportedly included an additional three hectares of land suitable for further industrial accommodation.

"The highlight of the year remains the $1.073 billion purchase of the GIC portfolio by Singapore based Ascendas. The portfolio included assets from Victoria, New South Wales and Brisbane. There were seven Brisbane properties included in the deal amounting to $317.2 million."

Click to enlarge

Sub  million price bracket driving Brisbane industrial market

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
Brisbane Industrial

Comments

Be the first one to comment on this article
What would you like to say about this project?