Queensland's local industrial markets remain stable: HTW

The local economic situation in Queensland remains stable with Emerald and Brisbane reporting steady growth, according to Herron Todd White’s (HTW) latest monthly market report.

The property advisory firm says that the volume of industrial properties being sold remains at a stable rate, although some cities, such as Townsville and Gladstone, are reporting an oversupply of industrial properties.

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HTW notes there is significant value differences between quality properties with national tenants and comparable properties with local tenants throughout QLD regions, with the exceptions of Cairns, Rockhampton, Gladstone and Toowoomba which are reporting only a small difference.