Briefing Brisbane Industrial January 2018

Size: px
Start display at page:

Download "Briefing Brisbane Industrial January 2018"

Transcription

1 Savills Research Queensland Briefing Brisbane Industrial Highlights After a record 2016, leasing volumes in Brisbane industrial have softened, resulting in subdued rental growth; On the back of a buoyant pre-commitment market, supply in the Brisbane industrial market is expected to reach 395,000 square metres in a 19% increase on the year prior; Local REITs were the most active purchaser type in the year ended December 2017, purchasing 32% of reported sales; Prime Averages (Trade Coast) Latest 12mo Diff Outlook Rental N.F. ($/sq m) 133 n/c Incentives (%) 10.0 n/c Yield Market (%) bps IRR (%) 8.50 n/c Capital Values ($/sq m) 1,925 (-0.7%) Land Values ($/sq m) 475 (+11.8%) Improvements in commodity prices and the positive outlook for exports, has helped stimulate job advertisements for the industrial sector.

2 Report Contents Executive Summary 2 Leasing Activity & Demand 3 Rents and Development 5 Sales Activity 6 Infrastructure & Outlook 9 Key Indicators 10 Key Contacts 10 Senior Analyst Research Houssam Yakzan hyakzan@savills.com.au For our latest national reports, visit savills.com.au/research To join Savills Research mailing list, please research@savills.com.au Executive Summary Major project completions in the mining sector have helped to stimulate Queensland's economic growth, with growth in State Final Demand for the 12 month period rebounding above long term averages. Ongoing mining projects in Queensland are likely to see continued positive effects on the Queensland economy and thus spill over into the industrial sector, aiding leasing demand. Indeed, we are already seeing a notable rise in speculative supply in Brisbane s industrial market in 2017, as a result of the improving economic conditions and positive sentiment around tenant demand. Following a period of record high leasing activity in 2015 and 2016, leasing activity showed signs of stabilisation in Prime net face rents remained stable over the 12 months to December The Trade Coast precinct led the other major industrial areas in terms of net rental levels, with net face rents typically ranging from $115 to $150 per square metre per annum. Looking at transaction activity, local REITs were the most dominant purchaser type, accounting for 29% of total industrial assets sales in Brisbane s industrial market over the 12 months to December Sales activity over the latest 12 month period has remain positive with over $972 million reported transactions.there appears to be a renewal of interest in industrial assets in Brisbane, on the back of positive forward looking indicators; such as record high corporate profits in the mining sector, above average employment growth (especially in engineering jobs) and major project starts in Queensland which are likely to boost the leasing market and aid largely stagnant rents. Brisbane Markets Summary - Prime Warehouse Precincts N.F. Rent ($/sq m) Market Yield (%) IRR (%) Cap. Value ($/sq m) Land Value ($/sq m) BRI Southside 118 (n/c) 6.63 (-50 bps) 8.75 (n/c) 1,725 (+3.8%) 298 (+5.3%) BRI Northside 120 (n/c) 6.63 (-50 bps) 8.50 (-25 bps) 1,750 (+2.9%) 338 (+8.0%) BRI - Trade Coast 133 (n/c) 6.63 (-38 bps) 8.50 (n/c) 1,925 (+0.7%) 475 (+11.8%) BRI - M1 / Logan Cor. 113 (n/c) 6.63 (-50 bps) 8.88 (n/c) 1,700 (+7.1%) 263 (n/c) BRI West 105 (n/c) 6.88 (-38 bps) 9.13 (n/c) 1,525 (+4.3%) 203 (n/c) ; Note: 12 month change shown in brackets, land values reflect serviced & benched sites (3,000-5,000 sq m). n/c = no change savills.com.au/research 2

3 Leasing Activity & Demand Subdued leasing activity was recorded over the 12 months to December 2017, following a period of record high leasing activity in 2015 and Savills identified approximately 355,000 square metres of industrial space leased in the 12 months to December This is down on the five year average of 656,500 square metres. The Wholesale category was the most dominant, accounting for 70% of total leasing activity (or 321,300 square metres). The majority of leases were transacted in Brisbane s Southside precinct accounting for 183,645 square metres or 59% of total leasing activity. The Southside precinct was also notable for the most number of leases, as smaller occupiers took advantage of more affordable leasing agreements. Leasing Activity by Precinct 1,000,000 West Southside Northside Trade Coast South East 900, , , , , , , , ,000 - New leases to existing buildings accounted for the majority of industrial stock leased in the 12 months to December 2017, accounting for over three-quarters of total leasing activity, absorbing vacant space and thus driving down vacancy rates in Brisbane s industrial market. The pre-commitment market was similarly subdued over the same period, with only 104,800 square metres precommitted to new buildings. The most significant of these was Super Amart who pre-committed to approximately 50,000 square metres in Goodman s Rochedale Motorway Estate. It is important to note that with a number of precommitment enquiries yet to be signed, there will be an uplift in pre-commitments over the first quarter of 2018, leading to a recovery in tenant demand in Leasing Activity by Industry Type Wholesale - 249,120sqm % Transport & Logistics - 58,033sqm % Manuf/Engineering - 43,318sqm % Property & Business Services - 1,335sqm - 0.4% Construction, Mining & Agri - 1,170sqm - 0.3% Leasing Activity by Lease Type 1,000,000 Direct - New Direct - Existing Prelease Precommit Renewal 900, , , , , , , , ,000 savills.com.au/research 3

4 Regarded as a lead indicator for tenant demand, logistics job advertisement numbers grew by 20.9% over the 12 months to November This growth in industrial job advertisement for the sector points to stronger future demand and may provide the impetus for business expansion. Logistics Job Advertisements (12 mo Growth % to Nov-17) SA 22.6 WA 21.9 QLD 20.9 AUS 11.5 ACT 9.9 VIC 8.2 TAS 6.5 NSW 4.3 NT -0.6 Source: DOE / Savills Research Top 15 Leases (by Area Leased) Property Tenant Date Area Leased (sq m) Type Rent Term Orchard Rd, Richlands Coca-Cola Amatil Dec-17 81,008 pl Rochedale Motorway Estate, Rochedale Super Amart Jun-17 50,585 pl Bld 1 & 2, 96 Export, Lytton Pepsico Jun-17 19,738 d-n Anton Rd, Hemmant Winning Appliances P/L Jul-17 18,289 d-e Trade Street, Lytton Inghams Jul-17 15,500 d-e Bld C, 62 Stradbroke St, Heathwood Toll Oct-17 14,467 d-e Gilmore Rd, Berrinba QLS Logistics Dec-17 12,300 d-e Kerry Rd, Archerfield Culture Kings May-17 9,508 d-e Bellrick St, Acacia Ridge Rocket Logistics Mar-17 8,494 d-e 95 3 Eucalyptus Dve, Brisbane Airport Miele Australia Oct-17 7,065 pl B, L102 Wayne Goss Dve, Berrinba PACCAR Australia Oct-17 6,293 d-e Portwest Wstate, Lytton Stora Enso Jul-17 5,950 pl A, 836 Boundary Rd, Coopers Plains Market Direct Group Jun-17 5,877 d-e Fox Rd, Acacia Ridge Concept Logistics Nov-17 5,724 d-e Formation St, Wacol Truss Corp Oct-17 5,684 d-e ; Leasing Types: p = Pre-commitment, d-n = Direct New, d-e = Direct Existing, pl = Pre-Lease, s = Sub-Lease, r = Renewal savills.com.au/research 4

5 Rents Average Prime Net Face Rents by Precinct Prime industrial net face rents remain stable, with the Trade Coast precinct remaining the most expensive area to lease in, typically ranging from $115 to $150 per square metre per annum. By comparison, the average rate for the Southside and Northside precincts remain lower, at $118 and $120 respectively. Competitive rents offered by developers in the precommitment market are also holding back Brisbane s rental growth, with a large number of tenant inquires receiving competitive rental rates along with attractive incentives BRI - Southside BRI - Trade Coast BRI - M1 / Logan Cor. BRI - Northside BRI - West 60 Supply / Industrial Development Brisbane s industrial market delivered approximately 395,000 square metres of new or additional space in 2017, this was a 19% increase over 2016 (331,800 square metres). Following record levels of development after Queensland s mining boom in 2012, industrial supply has slightly tapered off since However, with a resurgence in mining sector corporate profits and new project starts in Queensland, it is likely that there will be a positive effect on supply levels with a possible rise in speculative development over For the 2017 calendar year, new supply was driven by pre-commitment activity, accounting for 55% of all new supply. Large users led the way in this respect, with Super Amart (50,585 square metres), BevChain (35,935 square metres), and Bailleau Carpets (23,051 square metres) all pre-committing to new space in With competitive rentals being offered by developers in the pre-commitment market, development of new supply is expect to remain strong as tenants seeking new space take advantage of favourable rents and attractive incentives. Speculative development remains limited, with only 40,000 square metres built in 2017, accounting for just under 10% of the supply. Owner occupier activity has been relatively modest at 4% of total supply levels. Sigma Pharmaceuticals (14,990 square metres) was the most significant owner occupier to build in The first half of 2018 will see the completion of approximately 181,500 square metres, comprising of developments such as the Coca Cola Amatil expansion (30,500 square metres) and the Hilton Foods meat processing facility (39,454 square metres). Completed Development and Pipeline (sq m) 600, , , , , ,000 0 Completed Under Construction Source: Cordell/Savills Research NB: includes new/addition speculative, precommitment, owner occupier development types. savills.com.au/research 5

6 Sales Activity Savills recorded $972 million of reported industrial property transactions (> $5 million) in the 12 months to December 2017, up from the $965 billion recorded in the year prior and up on the five year average of $888 million. Over the current 12 month period, a total of 57 properties were transacted, down from the previous 63 month total. Local REITs (Trusts) were the most active purchaser type in the year ending December 2017, accounting for 29% of total reported sales. The most significant single transaction for the year was the sale of the Coca Cola Amatil manufacturing plant at Richland, purchased by Charter Hall for $156 million. On 24.9 hectares, the site at Orchard Road will have more than 81,000 square metres of space in two facilities by the end of this year. The Charter Hall fund has taken over the property with a 20-year lease back to Coca-Cola Amatil with 3% annual rent rises. Sales volumes were also boosted by the sale of a number of national portfolios, with Goodman Group s divestment of $1.285 billion (nationally), with approximately $167.2 million transacted across various Queensland assets (including Magnesium Dr, Crestmead for $126 million). The other notable portfolio sold over the 12 months to December 2017 was the Blackstone acquisition of Charter Hall s CPIF portfolio. The portfolio included four Queensland assets totalling about $67 million. Sales Activity by Price (> $5 million) $1,200m $10m - $50m $50m - $100m >$100m $1,000m $800m $600m $400m $200m $0m Vendor & Purchaser Composition (> $5 million) Vendors Purchasers 0% 20% 40% 60% 80% 100% Fund Trust Developer Owner Occupier Government Syndicate Yield Spread to Bond & IRR Brisbane 12% 10yr Bond Rate Average Prime IRR Average Prime Yield 10% 8% 6% 4% 2% % Source: RBA/Savills savills.com.au/research 6

7 Brisbane Prime industrial yields as at December 2017 typically range between 6.25% and 7.00%, tightening 50 basis points, on average over the year. Brisbane s Trade Coast continues to have the tightest investment yields at an average 6.63%. Prime industrial capital values as at December 2017 are estimated to range from $1,400 to $1,926 per square metre for buildings in the Southside precinct and between $1,467 and $1926 per square metre for buildings in the Northside precinct. Average capital values for properties in the Southside precinct are $1,663 per square metre, with no increase over the year. Similarly average capital values across all precincts remained unchanged compared to a year ago. The Trade Coast continues to record the highest average capital value with $1,921 per square metre as at December Prime Average Market Yield (%) by Precinct 10.0 BRI - Southside BRI - Northside BRI - Trade Coast BRI - West BRI - M1 / Logan Cor Significant uplift in industrial land values were recorded in Brisbane s Trade Coast precinct in the year to December 2017, as limited supply and the competition for land continues to place upward pressure on values. Average industrial land values in the Trade Coast precinct, as at December 2017, ranged between $400 per square metre to $550 per square metre (for sites ranging between 3,000 and 10,000 square metres). Top 15 Sales Property Type Price ($m) Date GLA Yield Type $/sq m 220 Orchard Rd, Richlands Factory Jun-17 81, r 1, Kerry Rd, Archerfield Warehouse Jul-17 32,499 n.a na 2, Tingira Street, Pinkenba Warehouse Sep-17 26,675 n.a n.a 1, Nudgee Rd, Banyo Warehouse Nov-17 17,000 n.a n.a 2,157 Lot 2001 Metroplex Westgate, Wacol Warehouse Jun-17 9, r 3, Beaudesert Rd, QLD Warehouse 31.37m Jul-17 9,893 n.a n.a 3,171 Lot 21, 146 Pearson Rd, Ormeau Warehouse 28.43m Apr-17 24,125 n.a n.a 1, Nudgee Road, Nudgee Warehouse 28.25m Aug-17 8, i 3, Robinson Rd E, Geebung Warehouse Apr-17 17, r 1, Lahrs Rd, Ormeau Warehouse Aug-17 7,646 n.a n.a 2,877 Captain Cook Dr, Arundel Warehouse Oct-17 12,646 n.a n.a 1, Somerset Rd, Rockhampton Warehouse May-17 7,000 n.a n.a 2,157 3 Production St, Wacol Warehouse Jun-17 n.a n.a n.a n.a 38 Westgate St, Wacol Warehouse Nov-17 9,525 n.a n.a 1, Jutland St, Logan Warehouse Jul-17 9,585 n.a n.a 1,170 ; i = Initial, r = Reported, e = Equated, v = Vacant, dev = development savills.com.au/research 7

8 Infrastructure The Kingsford Smith Drive Upgrade connects Brisbane CBD to the Port of Brisbane and Australia Trade Coast. The project will involve the widening of Kingsford Smith Drive from four to six lanes between Theodore Street at Eagle Farm and Cooksley Street at Hamilton and road improvement works between Cooksley Street and Breakfast Creek Road at Albion. It will also include cycling and pedestrian facilities and public transport options. The project is to be completed over five stages with the initial works on the $650 million project commenced in mid The project is anticipated to be completed in Gateway Upgrade North (Nudgee to Bracken Ridge / Deagon Deviation) involves the upgrading of the motorway from four to six lanes between Nudgee and Bracken Ridge. There are also additional pavement and safety works through to Bracken Ridge. The upgrade is currently under construction with completion anticipated in late The project was jointly funded at a total cost of $1.143 billion ($ million from the Federal Government and $ million from the State Government). Key Infrastructure Project Summary - Brisbane Project Est. Cost Status Completion Kingsford Smith Drive Upgrade $650m U/C 2019 Gateway North Upgrade $1.14bn U/C 2018 Inland Rail $9.3bn Planning 2025 Source: QLD-Department of Infrastructure, Local Government and Planning Inland Rail is a proposed 1,700 kilometre rail freight route between Melbourne and Brisbane via regional Victoria, New South Wales and Queensland. It is to be constructed by Australian Rail Track Corporation Ltd (ARTC). The development of the rail route will include 700 kilometres of existing track, upgrade of 400 kilometres of track and construction of 600 kilometres of track. The Australian Government, through the Australian Rail Track Corporation (ARTC), is delivering the multi-billion dollar infrastructure project in partnership with the private sector. The Government has committed $8.4 billion, on top of the previously funded $900 million. Works will commence in 2017, and based on the 10-year delivery schedule developed in 2015, the first train is expected to operate in Outlook While many of Queensland's infrastructure projects have remained in the planning stage for some time now, 2017 saw the start of some significant projects get underway creating employment opportunities and increased demand in construction and thus the industrial sector. The approval of the Logan Enhancement Project will mean safer and greater efficiency of one of Southeast Queensland s major arterial road networks. In addition the beginning of the Queens Wharf project is set to provide a much needed boost to both business and consumer confidence. The upcoming Gold Coast Commonwealth Games and the strengthening construction sector, is set to provide continued support to the industrial property market. Major infrastructure projects will also benefit industrial precincts, such as the duplication of Kingsford Smith Drive which will greatly improve traffic flow, providing more efficient access to Brisbane Airport and the Trade Coast industrial precinct. Institutional industrial land owners are recognising the recent lift in leasing demand particularly in well positioned locations closer to major arterial roads, which is seeing speculative developments coming back to the forefront. Demand for such developments is evident from the low letting up periods seen over 2017 <7 months on average time on market, with 30% fully leased prior to completion. While both leasing and sales activity were down compared to the previous year, a rebound is expected in savills.com.au/research 8

9 Brisbane Industrial Key Indicators (Q4-2017) Northside (Zillmere, Geebung, Northgate, Banyo, Virginia, Morayfield, Caboolture, Brendale, Strathpine, Petrie, North Lakes, Burpengary, Deception Bay and Narangba) Prime Secondary Low High Low High Rental Net Face ($/sq m) Incentives (%) Yield - Market (%) IRR (%) Outgoings - Total ($/sq m) Capital Values ($/sq m) 1,500 2, ,300 Land Values 3,000-5,000 sq m ($/sq m) Land Values 10,000-50,000 sq m ($/sq m) 350 (high) 275 (low) 275 (high) 200 (low) Trade Coast (Hendra Eagle Farm, Pinkenba, de, Murarrie, Hemmant, Lytton, Fisherman Island, Tingalpa, Wakerley, Cannon Hill) Prime Secondary Low High Low High Rental Net Face ($/sq m) Incentives (%) Yield - Market (%) IRR (%) Outgoings - Total ($/sq m) Capital Values ($/sq m) 1,550 2,300 1,000 1,450 Land Values 3,000-5,000 sq m ($/sq m) Land Values 10,000-50,000 sq m ($/sq m) 550 (high) 400 (low) 375 (high) 300 (low) Southside (Yeerongpilly, Salisbury, Rocklea, Archerfield, Willawong, Acacia Ridge, Coopers Plains, Eight Mile Plains, Rochedale, Seventeen Mile Sumner, Darra, Oxley, Wacol, Carole Park, Richlands, Shailer Park, Slacks Creek, Springwood) Prime Secondary Low High Low High Rental Net Face ($/sq m) Incentives (%) Yield - Market (%) IRR (%) Outgoings - Total ($/sq m) Capital Values ($/sq m) 1,450 2, ,300 Land Values 3,000-5,000 sq m ($/sq m) Land Values 10,000-50,000 sq m ($/sq m) 345 (high) 250 (low) 250 (high) 200 (low) savills.com.au/research 9

10 South East (M1 / Logan Motorway Corridor) (Crestmead, Marsden, Browns Plains, Meadowbrook, Berrinba, Loganlea, Loganholme, Heathwood, Larapinta, Parkinson, Underwood, Springwood, Yatala, Stapylton, Kingston, Beenleigh, Eagleby, Hillcrest) Prime Secondary Low High Low High Rental Net Face ($/sq m) Incentives (%) Yield - Market (%) IRR (%) Outgoings - Total ($/sq m) Capital Values ($/sq m) 1,450 1, ,300 Land Values 3,000-5,000 sq m ($/sq m) Land Values 10,000-50,000 sq m ($/sq m) Land Values 10 ha and above ($/sq m) 300 (high) 225 (low) 250 (high) 200 (low) 210 (high) 150 (low) West (Goodna, Springfield, Redbank, Bremer, Ebenezer, Willowbank, Mutdapilly, Purga, Swanbank, Ipswich, New Chum, Wulkuraka, Amberley, Bundamba, Raceview, West Ipswich) Prime Secondary Low High Low High Rental Net Face ($/sq m) Incentives (%) Yield - Market (%) IRR (%) Outgoings - Total ($/sq m) Capital Values ($/sq m) 1,300 1, ,050 Land Values 3,000-5,000 sq m ($/sq m) Land Values 10,000-50,000 sq m ($/sq m) Land Values 10 ha and above ($/sq m) Key State Industrial Contacts Research Houssam Yakzan +61 (0) hyakzan@savills.com.au Sunshine Coast Scott Gardiner +61 (0) sgardiner@savills.com.au Valuations Leigh Atkinson +61 (0) latkinson@savills.com.au Gold Coast Kevin Carmody +61 (0) kcarmody@savillsgc.com.au 230 (high) 175 (low) 225 (high) 150 (low) 190 (high) 120 (low) Industrial & Business Services Callum Stenson +61 (0) sbobridge@savills.com.au Project Management Ken Ng +61 (0) kng@savills.com.au Asset Management Howard Chapman +61 (0) hchapman@savills.com.au The Savills Research & Consultancy team has years of experience, and is supported by our extensive agency, property management and valuation professionals. For national-level consultancy or subscription requirements please contact: Capital Strategy & Research Chris Freeman +61 (0) cfreeman@savills.com.au Savills is a leading global property service provider listed on the London Stock Exchange. Trusted since 1855, we have extensive experience across the Asia Pacific, with over 50 offices, and in Australia, we have over 800 staff focused on meeting all your property needs. This information is general information only and is subject to change without notice. No representations or warranties of any nature whatsoever are given, intended or implied. Savills will not be liable for any omissions or errors. Savills will not be liable, including for negligence, for any direct, indirect, special, incidental or consequential losses or damages arising out of our in any way connected with use of any of this information. This information does not form part of or constitute an offer or contract. You should rely on your own enquiries about the accuracy of any information or materials. All images are only for illustrative purposes. This information must not be copied, reproduced or distributed without the prior written consent of Savills. savills.com.au/research 10

Briefing Brisbane Industrial April 2018

Briefing Brisbane Industrial April 2018 Savills Research Queensland Briefing Brisbane Industrial Highlights After a record 2016, leasing volumes in Brisbane industrial have softened, resulting in subdued rental growth; On the back of a buoyant

More information

Briefing Brisbane Industrial July 2018

Briefing Brisbane Industrial July 2018 Savills Research Queensland Briefing Brisbane Industrial Highlights After a record 2016, leasing volumes in Brisbane industrial have softened, resulting in subdued rental growth; Over 2018, approximately

More information

BRISBANE INDUSTRIAL MARKET OVERVIEW API State of the Market Brisbane Industrial 22 nd of March 2018

BRISBANE INDUSTRIAL MARKET OVERVIEW API State of the Market Brisbane Industrial 22 nd of March 2018 BRISBANE INDUSTRIAL MARKET OVERVIEW API State of the Market Brisbane Industrial 22 nd of March 2018 QLD GROWTH QLD KEY DRIVERS OF GROWTH Fueled by Tourism up 80% over next decade $43b infrastructure Investment

More information

Briefing Brisbane Fringe Office February 2018

Briefing Brisbane Fringe Office February 2018 Savills Research Briefing Brisbane Fringe Office Highlights The Queensland economy continues to show strong signs of recovery, with economic growth for the state recorded at 3.0% over the year to September

More information

Brisbane. Executive Summary. Economic Overview. Q Industrial Market Commentary

Brisbane. Executive Summary. Economic Overview. Q Industrial Market Commentary Q3 2017 Industrial Market Commentary Brisbane Executive Summary The Brisbane industrial market is showing tangible signs of improvement, after relatively soft leasing conditions in 2016. Gross take-up

More information

Briefing Adelaide Fringe Office February 2018

Briefing Adelaide Fringe Office February 2018 Savills Research South Australia Briefing Adelaide Fringe Office Highlights A slight rise in the vacancy rate was led by the return of refurbished floor space, the largest level since 2013, reflecting

More information

Briefing Sydney Industrial April 2018

Briefing Sydney Industrial April 2018 Savills Research New South Wales Briefing Sydney Industrial Highlights Demand from the Wholesale retail sector underpinned leasing activity, accounting for 47% of total leasing activity in the 12 months

More information

Briefing Perth Industrial January 2018

Briefing Perth Industrial January 2018 Savills Research Western Australia Briefing Perth Industrial Highlights The Perth industrial market is firmly in recovery with green shoots emerging in regards to labour market job growth and business

More information

Briefing Parramatta Office February 2018

Briefing Parramatta Office February 2018 Savills Research Briefing Parramatta Office Highlights The overall vacancy rate in Parramatta s office market fell further in December 2017 to 3.0% from 4.6% a year prior; Interest from local institutional

More information

Briefing West Perth Office April 2018

Briefing West Perth Office April 2018 Savills Research Briefing West Perth Office Highlights Recentralisation to the CBD remains a feature in West Perth, with a number of tenants relocating from West Perth to the CBD, contributing to the rise

More information

Briefing Brisbane CBD Office August 2017

Briefing Brisbane CBD Office August 2017 Savills Research Queensland Briefing Brisbane CBD Office Highlights A turnaround has become evident in Brisbane with absorption of prime grade stock leading the nation and double digit growth evident in

More information

LMW Link. Greater Brisbane Industrial ~ September For more information. Brisbane Industrial Indicators

LMW Link. Greater Brisbane Industrial ~ September For more information. Brisbane Industrial Indicators Brisbane Industrial Indicators Indicator 2016-17 2017-18 GSP growth QLD +1.7% +3.1% Industrial Production QLD -1.4% +4.7% International Exports QLD +13.9% +11.1% Q2 2017 Forecast Q2 2018 Average Prime

More information

Briefing Sydney Industrial July 2018

Briefing Sydney Industrial July 2018 Savills Research New South Wales Briefing Sydney Industrial Highlights The Wholesale sector continued to dominate total leasing demand for industrial space in Sydney s leasing market, accounting for approximately

More information

Savills Research Western Australia. Quarter Times Perth Industrial Q3/2016

Savills Research Western Australia. Quarter Times Perth Industrial Q3/2016 Savills Research Western Australia Quarter Times Perth Industrial Q3/2016 Key Market Indicators Perth Core - Belmont, Canning Vale, Kewdale, Welshpool, Jandakot Airport, (excludes Osborne Park) Rental

More information

Economic Report. Tasmania December Savills Research. Tasmania - Key Economic Indicators. Highlights

Economic Report. Tasmania December Savills Research. Tasmania - Key Economic Indicators. Highlights Savills Research Economic Report Tasmania December 2018 Highlights Tasmania s economic growth for the current annual period has been notably above trend, with the strongest growth rate, on GSP numbers,

More information

Briefing Melbourne CBD Office April 2018

Briefing Melbourne CBD Office April 2018 Savills Research Victoria Briefing Melbourne CBD Office Highlights Victorian jobs ads have been positive for past five years and currently are at their highest level since May 2009; This growth in professional

More information

Briefing Adelaide CBD Office February 2018

Briefing Adelaide CBD Office February 2018 Savills Research South Australia Briefing Adelaide CBD Office Highlights Adelaide CBD office market has recorded two consecutive periods of positive net absorption, also the highest level seen in five

More information

Briefing Sydney CBD Office September 2018

Briefing Sydney CBD Office September 2018 Savills Research New South Wales Briefing Sydney CBD Office Highlights Vacancy fell to 4.6% in June 2018 with an outlook to continue to fall until 2019/2020; Rental and capital growth continued with signs

More information

Briefing Melbourne Industrial January 2018

Briefing Melbourne Industrial January 2018 Savills Research Victoria Briefing Melbourne Industrial Highlights Prime industrial rents rose in the South East and the Eastern precincts; whilst rents remained stable elsewhere over the last 12 months;

More information

Briefing Melbourne CBD Office August 2018

Briefing Melbourne CBD Office August 2018 Savills Research Victoria Briefing Melbourne CBD Office Highlights Tenant demand has been steady and on the back of strong economic indicators, Grade A stock is now recording its lowest vacancy rate in

More information

Briefing Sydney CBD Office August 2018

Briefing Sydney CBD Office August 2018 Savills Research New South Wales Briefing Sydney CBD Office Highlights Prime yields tightened further in the year to March 2018 as demand for prime assets continued unabated from both local and overseas

More information

Savills Research Queensland. Quarter Times Brisbane Retail Q1/2016

Savills Research Queensland. Quarter Times Brisbane Retail Q1/2016 Savills Research Queensland Quarter Times Brisbane Retail Q1/2016 Key Market Indicators Brisbane Enclosed Centres Regional Sub Regional Neighbourhood Low High Low High Low High Supermarket Tenant Gross

More information

Briefing Perth CBD Office February 2019

Briefing Perth CBD Office February 2019 Savills Research Western Australia Briefing Perth CBD Office Highlights Continued recovery of the leasing market has been the trend in the Perth CBD, with vacancy now at its lowest point since June 2015;

More information

Holmview, BRISBANE QLD

Holmview, BRISBANE QLD Holmview, BRISBANE QLD HAVEN HILL - LOCATION Holmview PRIME LOCATION LOCATION Holmview is part of the Logan City Council region and is located nearly half way between the Gold Coast and Brisbane on the

More information

QUARTERLY UPDATE 31 MARCH 2017

QUARTERLY UPDATE 31 MARCH 2017 AUSTRALIAN PROPERTY OPPORTUNITIES FUND QUARTERLY UPDATE 31 MARCH 2017 The Australian Property Opportunities Fund (APOF I or the Fund) is pleased to provide this update for the March quarter 2017 (Q1 2017)

More information

Briefing Melbourne Industrial April 2018

Briefing Melbourne Industrial April 2018 Savills Research Victoria Briefing Melbourne Industrial Highlights Industrial land values in Melbourne s South East and East grew by 40% and 37% respectively, driven by demand-supply imbalance over the

More information

Briefing Melbourne Industrial July 2018

Briefing Melbourne Industrial July 2018 Savills Research Victoria Briefing Melbourne Industrial Highlights Industrial land values saw double-digit growth across most markets, with the South East and Eastern precincts experiencing the largest

More information

Economic Report. Queensland. December Savills Research. Queensland - Key Economic Indicators. Highlights

Economic Report. Queensland. December Savills Research. Queensland - Key Economic Indicators. Highlights Savills Research Economic Report Queensland December 2018 Highlights After five years of stagnant growth Queensland's economy made a turn around in 2018 as a result of a resurgance in the mining sector

More information

Briefing Perth CBD Office August 2017

Briefing Perth CBD Office August 2017 Savills Research Western Australia Briefing Perth CBD Office Highlights The Perth CBD office market has started to see some gains from flight to quality and centralisation trends, resulting in the highest

More information

RESIDENTIAL COMMUNITY PARK RIDGE T R A N Q U I L I T Y D R I V E AT PARK RIDGE

RESIDENTIAL COMMUNITY PARK RIDGE T R A N Q U I L I T Y D R I V E AT PARK RIDGE RESIDENTIAL COMMUNITY PARK RIDGE T R A N Q U I L I T Y D R I V E AT PARK RIDGE TRANQUILITY DRIVE ESTATE is a residential community at Park Ridge, south of Brisbane, in sunny Queensland, Australia. Surrounded

More information

m3commentary MELBOURNE CBD OFFICE

m3commentary MELBOURNE CBD OFFICE m3commentary MELBOURNE CBD OFFICE Spring 2016 Key Research Contacts: Jennifer Williams National Director NSW (02) 8234 8116 Erin Obliubek Research Manager VIC (03) 9605 1075 Casey Robinson Research Manager

More information

market-view Australian housing markets report Residential construction on the rise - higher and higher?

market-view Australian housing markets report Residential construction on the rise - higher and higher? Australian housing markets report Residential construction on the rise - higher and higher? Dr Andrew Wilson Chief Economist Domain Group October 2016 Copyright 2016 Dr Andrew Wilson all rights reserved

More information

Sydney CBD Market Commercial Market Overview - Jul 2015

Sydney CBD Market Commercial Market Overview - Jul 2015 Sydney CBD Market Commercial Market Overview - Jul 2015 Contents The Sydney CBD Market... 4 The Sydney CBD Market - Summary... 5 The Sydney CBD Market - Overview... 6 The Sydney CBD Market - Commercial

More information

GOLD COAST OFFICE OVERVIEW

GOLD COAST OFFICE OVERVIEW GOLD COAST OFFICE OVERVIEW JANUARY 2014 Gold Coast OVERVIEW Gold Coast office stock at January 2014 totalled 459,890 sqm, down by almost 4,000 sqm on the mid-year stock level. Around 2,000 sqm of refurbished

More information

SEQ Catalyst Projects

SEQ Catalyst Projects m3property Update SEQ Catalyst Projects Autumn 2018 SEQ Overview Whilst South East Queensland (SEQ) is already an exciting place to live, work and play, there are numerous major projects planned or underway

More information

30 th Annual South East Queensland Property Overview Breakfast

30 th Annual South East Queensland Property Overview Breakfast 30 th Annual South East Queensland Property Overview Breakfast SEQ Infrastructure Projects South Brisbane s east CBD Queensland Inner is currently Fringe will going see the through largest an infrastructure

More information

LMW Link. Brisbane CBD Office ~ August For more information. Brisbane CBD Office Indicators

LMW Link. Brisbane CBD Office ~ August For more information. Brisbane CBD Office Indicators ~ August 216 Indicators Indicator Jul 214 Jan 215 Jul 215 Jan 216 Jul 216 Total Stock 2,199,1 2,193,83 2,158,29 2,157,34 2,261,878 Vacancy Rate 14.7% 15.5% 14.9% 14.9% 16.9% Annual Net Absorption (sq m)

More information

Investor Briefings First-Half FY2016 Financial Results

Investor Briefings First-Half FY2016 Financial Results Cedar Woods Properties Limited Investor Briefings First-Half FY2016 Financial Results 26 February 2016 Cedar Woods Presentation 2 Snapshot of Achievements in FY2016 Extensive portfolio of residential estates

More information

Ashburn Road, Bundamba, QLD

Ashburn Road, Bundamba, QLD Ashburn Road, Bundamba, QLD Citiswich is a premium industrial estate located in the logistics hub of Brisbane s south-western corridor. The 350ha estate is Queensland s largest industrial development,

More information

New CBD office supply is improving the quality of stock

New CBD office supply is improving the quality of stock Australia Office, Q3 215 New CBD office supply is improving the quality of stock National CBD WCE Jun-15.9% p.a National CBD Net Absorption 215 153,sqm F National CBD Net Supply 215 361,sqm F National

More information

Queensland Economic Update

Queensland Economic Update Queensland Economic Update Chamber of Commerce & Industry March 2018 cciq.com.au Queensland Economic Update: Summary National Accounts GDP expanded 2.3% during calendar year 2017. QLD state final demand

More information

Briefing Perth Industrial July 2018

Briefing Perth Industrial July 2018 Savills Research Western Australia Briefing Perth Industrial Highlights The Perth industrial market is firmly in recovery with green shoots emerging in regards to labour market job growth and business

More information

Purpose built for your business. Distribution / Warehousing / Manufacturing / Hardstand Storage. Swanbank Enterprise Park. Ipswich, Queensland.

Purpose built for your business. Distribution / Warehousing / Manufacturing / Hardstand Storage. Swanbank Enterprise Park. Ipswich, Queensland. Purpose built for your business Distribution / Warehousing / Manufacturing / Hardstand Storage Swanbank Enterprise Park. Ipswich, Queensland. Swanbank Enterprise Park is heavy industry s new address in

More information

GOING PLACES MACARTHURCOOK OFFICE PROPERTY TRUST

GOING PLACES MACARTHURCOOK OFFICE PROPERTY TRUST GOING PLACES MACARTHURCOOK OFFICE PROPERTY TRUST ANNUAL REPORT 2006 1 2 3 4 1 2 181 Miller Street, North Sydney, NSW 150 170 Leichhardt Street, Spring Hill, Brisbane, QLD 3 4 38 Akuna Street, Canberra,

More information

ROSEHAVEN ROSEWOOD, IPSWICH, QLD

ROSEHAVEN ROSEWOOD, IPSWICH, QLD ROSEHAVEN, IPSWICH, QLD Ipswich- Rd TRAIN LINE BREMER RIVER RAAF BASE IPSWICH CBD 5O MIN TO BRISBANE CBD Karrabin Rd Waight St Golf Course Laidley Rd High John St Town Centre St Brigid s Primary Station

More information

QLD Economic Outlook. Thursday, 21 December Key Points: State Report QLD. Summary

QLD Economic Outlook. Thursday, 21 December Key Points: State Report QLD. Summary Thursday, 21 December 217 QLD Economic Outlook Summary Queensland s economy has been subdued over the past couple of years, as declining commodity prices and a sharp slowdown in mining investment weighed

More information

DEXUS Property Group (ASX: DXS) ASX release

DEXUS Property Group (ASX: DXS) ASX release 6 May 2013 DEXUS and DWPF to acquire strategic office investment in Perth DEXUS Property Group (DEXUS or DXS) and DEXUS Wholesale Property Fund (DWPF) today announced the joint acquisition of a strategic

More information

Briefing Perth CBD Office August 2018

Briefing Perth CBD Office August 2018 Savills Research Western Australia Briefing Perth CBD Office Highlights The Perth CBD office market has swung through the bottom of the cycle into recovery, with recent employment growth aiding positive

More information

Quarter Time National Industrial Q4/2018

Quarter Time National Industrial Q4/2018 Savills Research Australia Quarter Time National Industrial Key Market Averages National Industrial N.F. Rent Market Yield IRR Cap. Value Land Value SYD West 124 (+7.4%) 5.50 (-75 bps) 7.00 (-50 bps) 2,175

More information

A Conversation With Folkestone. November 2017

A Conversation With Folkestone. November 2017 A Conversation With Folkestone November 2017 1 POPULATION GROWTH BY STATE Australian Population Growth by State: March 2017 Population (m) Growth in Year ( 000) % Change in Year VIC 6.3 149.4 2.4 ACT 0.4

More information

2017 Major Projects Pipeline Report Adrian Hart, Senior Manager Infrastructure & Mining

2017 Major Projects Pipeline Report Adrian Hart, Senior Manager Infrastructure & Mining 2017 Major Projects Pipeline Report Adrian Hart, Senior Manager Infrastructure & Mining Major Projects Pipeline Report - 2017 Presentation Outline Overview and key findings of the 2017 Pipeline Report

More information

ESSINGTON RISE. Leichardt, IPSWICH QLD

ESSINGTON RISE. Leichardt, IPSWICH QLD ESSINGTON RISE Leichardt, IPSWICH QLD Riverlink Shopping Centre Ipswich CBD IGA Supermarket Railway Station Leichardt State School Ipswich Grammar School Home HQ Shopping Centre Sporting Fields Ipswich

More information

For personal use only

For personal use only 3Q15 Stockland Update Implementing our Strategy Isles of Newport, Brisbane Agenda Topic Page Group Update 03 Commercial Property 05 Residential 09 Retirement Living 10 Summary and Outlook 11 2 Group Update

More information

The GPT Group today announced its operational update for the March 2017 quarter.

The GPT Group today announced its operational update for the March 2017 quarter. THE GPT GROUP ANNOUNCES 27 April 2017 March Quarter Operational Update The GPT Group today announced its operational update for the March 2017 quarter. Key Highlights Retail specialty sales growth of 2.4

More information

The Melbourne CBD: What is driving centralisation?

The Melbourne CBD: What is driving centralisation? November 2013 The Melbourne CBD: What is driving centralisation? Key Points Jones Lang LaSalle recorded a notable increase in the number of city Fringe 1 occupiers migrating to the Melbourne CBD over the

More information

Demand set to continue for Sydney Suburban Office

Demand set to continue for Sydney Suburban Office March 2012 Demand set to continue for Sydney Suburban Office Key Points Buyer activity was steady in the Sydney Suburban office market, with interest directed towards prime Suburban assets. Prime yields

More information

INLAND RAIL. Connecting Australia. 5 June 2018 National Infrastructure Summit inlandrail.com.au

INLAND RAIL. Connecting Australia. 5 June 2018 National Infrastructure Summit inlandrail.com.au INLAND RAIL Connecting Australia RICHARD WANKMULLER - CHIEF EXECUTIVE OFFICER INLAND RAIL 5 June 2018 National Infrastructure Summit 2018 inlandrail.com.au The Australian Government is delivering Inland

More information

BUILDING INDUSTRY OUTLOOK 2018

BUILDING INDUSTRY OUTLOOK 2018 BUILDING INDUSTRY OUTLOOK 2018 Welcome to the 2018 edition of Master Builders Building industry outlook, a snapshot of the state of Queensland s building and construction industry. Contents Foreword...3

More information

CONSOLE SUNSHINE COAST: CONSTRUCTION INDUSTRY ACTIVITY AND WORKFORCE PROFILE

CONSOLE SUNSHINE COAST: CONSTRUCTION INDUSTRY ACTIVITY AND WORKFORCE PROFILE CONSOLE SUNSHINE COAST: CONSTRUCTION INDUSTRY ACTIVITY AND WORKFORCE PROFILE MAY 2014 Disclaimer: Whilst all care and diligence has been exercised in the preparation of this report, Construction Skills

More information

OUTLOOK REDBANK PLAINS A CONTEXT ON BUSINESS, CULTURE, LIFESTYLE AND RESIDENTIAL

OUTLOOK REDBANK PLAINS A CONTEXT ON BUSINESS, CULTURE, LIFESTYLE AND RESIDENTIAL OUTLOOK REDBANK PLAINS A CONTEXT ON BUSINESS, CULTURE, LIFESTYLE AND RESIDENTIAL Located within seven minutes of the Springfield CBD and 30 minutes of the Brisbane CBD, Redbank Plains proximity to major

More information

Annual Net Absorption (sq m) Annual Net Additions (sq m)

Annual Net Absorption (sq m) Annual Net Additions (sq m) RESEARCH Jan-8 Jan-9 Jan-1 Jan-11 Jan-12 Jan-13 Jan-19 Jan-2 CBD total vacancy fell from 6.5% to 4.6% in the 12 months to January 218, the lowest level since July 28. The CBD recorded the strongest net

More information

Investment Opportunity

Investment Opportunity Investment Opportunity Quest Apartment Hotel Pakenham Street, Fremantle Investment Highlights 120 key Quest serviced apartment development Fremantle s CBD is undergoing renewal and Sirona Capital is a

More information

Suburb Profile 5,795 PER REDBANK PLAINS POPULATION FORECAST TO TRIPLE 461,990 BY 2031 DEMAND FOR NEW DWELLINGS LOCATION POPULATION & DEMOGRAPHICS

Suburb Profile 5,795 PER REDBANK PLAINS POPULATION FORECAST TO TRIPLE 461,990 BY 2031 DEMAND FOR NEW DWELLINGS LOCATION POPULATION & DEMOGRAPHICS Suburb Profile LOCATION Redbank Plains is located 30 kilometres west of the heart of Brisbane s CBD, in the Local Government Area (LGA) Ipswich City. Ipswich City is one of Queensland s fastest growing

More information

*Artist Impression. *Artist Impression

*Artist Impression. *Artist Impression Your Urban Oasis Urban Ingenuity It s not hard to feel renewed and inspired at Forest Ridge Estate, where you can experience beautiful countryside, wide-open spaces, and retain all the advantages of City

More information

WHY INVEST IN QUEENSLAND URBIS MARKET OUTLOOK

WHY INVEST IN QUEENSLAND URBIS MARKET OUTLOOK WHY INVEST IN QUEENSLAND URBIS MARKET OUTLOOK WHO IS URBIS? PERTH AUSTRALIA ADELAIDE BRISBANE GOLD COAST SYDNEY MELBOURNE Urbis is an integrated multi-disciplinary consulting firm with a unique and comprehensive

More information

Research and Forecast Report. Accelerating success. INDUSTRIAL. Second Half 2017

Research and Forecast Report. Accelerating success. INDUSTRIAL. Second Half 2017 Research and Forecast Report Accelerating success. INDUSTRIAL Second Half 2017 EXPERTS IN PROPERTY DATA & INSIGHTS Colliers Edge is a subscription service developed by our in-house property research specialists,

More information

MARKET OUTLOOK. 02 Walkability & Accessibility 04 Infrastructure & Employment 05 Population & Demographics 06 Residential Analysis 07 Rental Analysis

MARKET OUTLOOK. 02 Walkability & Accessibility 04 Infrastructure & Employment 05 Population & Demographics 06 Residential Analysis 07 Rental Analysis MARKET OUTLOOK ROCHEDALE With easy access to the major arterial roads and public transport links, Rochedale s connectivity has positioned it as a major growth precinct for the future. 02 Walkability &

More information

SEQ Catalyst Projects

SEQ Catalyst Projects m3property Update SEQ Catalyst Projects Winter 2018 Since our Autumn Catalyst Projects report, several projects in South East Queensland s pipeline of major projects have progressed and several new projects

More information

State of the States October 2017 State & territory economic performance report. Executive Summary

State of the States October 2017 State & territory economic performance report. Executive Summary State of the States October 2017 State & territory economic performance report. Executive Summary NSW ON TOP; VICTORIA CLOSES IN How are Australia s states and territories performing? Each quarter CommSec

More information

29 November The Manager Australian Stock Exchange Limited 20 Bridge Street. Sydney NSW Dear Sir/Madam

29 November The Manager Australian Stock Exchange Limited 20 Bridge Street. Sydney NSW Dear Sir/Madam 29 November 2006 The Manager Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000 DB RREEF Funds Management Limited ABN 24 060 920 783 Australian Financial Services Licence Holder Level 9

More information

GOLD COAST OFFICE OVERVIEW

GOLD COAST OFFICE OVERVIEW GOLD COAST OFFICE OVERVIEW Q1 2015 Gold Coast OVERVIEW Gold Coast office stock at January 2015 totalled 472,022sqm, up by just over 12,000sqm over the past year. The only new building completed in 2014,

More information

Goodman Property Trust. 30 & 31 October 2018 NAB First Look USPP Conference, Sydney

Goodman Property Trust. 30 & 31 October 2018 NAB First Look USPP Conference, Sydney Goodman Property Trust 30 & 31 October 2018 NAB First Look USPP Conference, Sydney Contents Presented by: Andy Eakin Chief Financial Officer James Spence Director Investment Management GMT overview 3 Auckland

More information

BARHS SCRUB BRISBANE BRISBANE SOUTH CORRIDOR

BARHS SCRUB BRISBANE BRISBANE SOUTH CORRIDOR BARHS SCRUB BRISBANE BRISBANE SOUTH CORRIDOR Sensational sunrise views from your home Panoramic views to the Gold Coast Exceptional parkland views to the East The Outlook delivers exceptional views of

More information

Property Metrics Median Days on Market 120

Property Metrics Median Days on Market 120 Property Prices Median Sale Price (Log Scale) $45, Property Metrics Median Days on 12 Median Vendor Discount 8% May-16 Aug-16 Nov-16 Feb-17 May-17 Aug-17 Nov-17 Feb-18 $32, 9 6% $23, 6 4% $165, Vacant

More information

Suburb Profile 200,000 53,000 MARSDEN POPULATION GROWTH LOCATION POPULATION AND DEMOGRAPHICS TRANSPORT AND ACCESSIBILITY MARSDEN

Suburb Profile 200,000 53,000 MARSDEN POPULATION GROWTH LOCATION POPULATION AND DEMOGRAPHICS TRANSPORT AND ACCESSIBILITY MARSDEN A DIVISION OF Suburb Profile LOCATION The suburb of Marsden is located approximately 30 minutes from the CBD within the boundaries of the Logan City Council which is one of the largest and fastest growing

More information

COMMERCIAL UPDATE 21 September 2006

COMMERCIAL UPDATE 21 September 2006 COMMERCIAL UPDATE 21 September 2006 1 STEVE MANN CEO, Commercial & Industrial Division Stockland Commercial Division update 2 PRESENTATION AGENDA C&I Business Model C&I Mission SEE The Future of Australian

More information

The Outlook for the Residential Construction Industry Hunter and the Central Coast

The Outlook for the Residential Construction Industry Hunter and the Central Coast The Outlook for the Residential Construction Industry Hunter and the Central Coast Graham Wolfe HIA Chief Executive Industry Policy and Media HIA Industry Outlook Breakfast Newcastle February 2013 Backdrop:

More information

1.0% 3.6% 15.9% Inflation March 2017 y-o-y. Retail Sales,

1.0% 3.6% 15.9% Inflation March 2017 y-o-y. Retail Sales, City Report Q1 2017 1.0% 3.6% 15.9% GDP Growth Q1 2017 Inflation March 2017 y-o-y Unemployment rate 2016, Belgrade 495 11.4% 0.9% Salary March 2017, Belgrade Retail Sales, March 2017 y-o-y, Serbia Industrial

More information

Citigroup Investor Conference October 2010

Citigroup Investor Conference October 2010 Citigroup Investor Conference October 2010 Disclaimer Important information This presentation ti has been prepared in good faith, but no representation ti or warranty, express or implied, is made as to

More information

LEASING OPPORTUNITIES AUSTRALIAFAIR.COM.AU

LEASING OPPORTUNITIES AUSTRALIAFAIR.COM.AU YOUR OPPORTUNITY IS NOW LEASING OPPORTUNITIES AUSTRALIAFAIR.COM.AU AUSTRALIA FAIR EVOLUTION With the evolution of the official Southport CBD and an associated boost in local economic indicators, Australia

More information

Herron Todd White. South East Queensland Property Overview. Thursday, 17 November 2011 Sofitel, Brisbane.

Herron Todd White. South East Queensland Property Overview. Thursday, 17 November 2011 Sofitel, Brisbane. Herron Todd White South East Queensland Property Overview Thursday, 17 November 2011 Sofitel, Brisbane 1300 880 489 1 Alan Key Environmental Offsets Thursday, 17 November 2011 1300 880 489 Identity Earthtrade

More information

SYDNEY S SECOND AIRPORT

SYDNEY S SECOND AIRPORT COLLIERS RADAR SYDNEY S SECOND AIRPORT The Catalytic Effect of Transport Infrastructure By Sass J-Baleh Manager Research sass.jbaleh@colliers.com Summary Industrial land values across the Sydney markets

More information

4.5% 1.4% 14.3% Inflation March 2018 y-o-y. Retail Sales, March 2018 y-o-y

4.5% 1.4% 14.3% Inflation March 2018 y-o-y. Retail Sales, March 2018 y-o-y City Report Q1 2018 4.5% 1.4% 14.3% GDP Growth Q1 2018 y-o-y Inflation March 2018 y-o-y Unemployment rate Q4 2017, Belgrade 494 2.2% 4.1% Net Salary February 2018, Belgrade Retail Sales, March 2018 y-o-y

More information

Sunshine Coast Residential Market

Sunshine Coast Residential Market Sunshine Coast Residential Market Warwick Temby HIA Executive Director, QLD HOUSING INDUSTRY ASSOCIATION April 2010 Overview Look at international, national and local events that are shaping the outlook

More information

Gladstone Market Overview

Gladstone Market Overview Gladstone Market Overview Gladstone is currently goging through a rapid phase of economic growth. There is $30 billion worth of engineering construction underway, with the resultant construction-related

More information

Infrastructure Priority List. Infrastructure Priority List Printed as at 28 April

Infrastructure Priority List. Infrastructure Priority List Printed as at 28 April Infrastructure Priority List Infrastructure Priority List Printed as at 28 April 2018 1 High Priority Projects High Priority Projects are potential infrastructure solutions for which a full business case

More information

information memorandum Business and Technology Precinct Westlink Green Darra

information memorandum Business and Technology Precinct Westlink Green Darra information memorandum Business and Technology Precinct Westlink Green Darra contents about... 1 heritage precinct... 1 key features... 1 location... 2 access... 2 amenities... 2 public transport... 2

More information

Housing Outlook. Mr Sam White, Ray White Group Mr Harley Dale, Housing Industry Association. 29 October 2007

Housing Outlook. Mr Sam White, Ray White Group Mr Harley Dale, Housing Industry Association. 29 October 2007 Housing Outlook Mr Sam White, Ray White Group Mr Harley Dale, Housing Industry Association 29 October 2007 Australian Business Economists October 2007 Presented by Sam White Average Prices 700,000 600,000

More information

2017 POLICY DOCUMENT. M1 Action Plan. Putting Queenslanders First

2017 POLICY DOCUMENT. M1 Action Plan. Putting Queenslanders First 2017 POLICY DOCUMENT Putting 2 Contents Message from the Premier 3 Our Commitment 4 The Newman-Nicholls Legacy 5 The Palaszczuk 6 Government s Record Our Plans: Putting 8 Call: 07 3844 8101 Mail: PO Box

More information

Belgrade City Report Q City Reports

Belgrade City Report Q City Reports Belgrade City Report City Reports GDP Growth Q4 (y-o-y) Net Salary February Economy / Investment Economics 1.2% Inflation February (y-o-y) 1.5% 450 Unemployment Rate Q4 18.5% Retail Sales Index February

More information

South Australian Centre for Economic Studies June 2016 Economic Briefing Report 28 June, 2016

South Australian Centre for Economic Studies June 2016 Economic Briefing Report 28 June, 2016 Steve Whetton, Executive Director, SA Centre for Economic Studies South Australian Centre for Economic Studies June 216 Economic Briefing Report 28 June, 216 Per cent Global GDP Growth 1 8 Developing Countries

More information

Significant expenditure in Ipswich: Health. $554.6M for the West Moreton Hospital and Health Service. Ipswich will also benefit from:

Significant expenditure in Ipswich: Health. $554.6M for the West Moreton Hospital and Health Service. Ipswich will also benefit from: JOBS FOR IPSWICH Queensland Budget 2017-18 The Queensland Budget will directly support around 2,200 JOBS in Ipswich in 2017-18. Infrastructure $868.4M for productivity enhancing infrastructure and capital

More information

FY2016 Financial Results

FY2016 Financial Results Cedar Woods Properties Limited FY2016 Financial Results 25 August 2016 Cedar Woods Presentation 2 Agenda 1 Company Overview 2 FY16 Financial Highlights 3 Operational Overview 4 Market Conditions 5 Company

More information

For personal use only

For personal use only THE GPT GROUP ANNOUNCES 29 October 2014 September Quarter Operational Update Key Highlights 2014 earnings guidance upgraded to at least 4 per cent earnings per security (EPS) growth Strong leasing momentum

More information

Axiom Properties Limited

Axiom Properties Limited Axiom Properties Limited AGM UPDATE 23 November 2016 Axiom Overview 2 Axiom Properties Limited ( Axiom ) is an ASX listed property development and investment company (ASX code: AXI), which has developed

More information

Sydney Metropolitan Office

Sydney Metropolitan Office CBRE Sydney Metropolitan Office www.cbre.com.au/research Third Quarter 211 Quick Stats Change from last Yr. Qtr. Economic Growth White collar employment New supply Net absorption Total Vacancy Prime rents

More information

MARCH 2018 CHARTER PACK

MARCH 2018 CHARTER PACK MARCH 218 CHARTER PACK Image: Truganina Distribution Facility, 485 Dohertys Road, Truganina Vic. FEATURE ARTICLE Will Melbourne s west be Australia s Inland Empire? THE ONCE UNASSUMING, HUMBLE SHEDS OF

More information

GOOD LOCATION ROCHEDALE MOTORWAY ESTATE 29 BRICKWORKS PLACE, ROCHEDALE, QLD

GOOD LOCATION ROCHEDALE MOTORWAY ESTATE 29 BRICKWORKS PLACE, ROCHEDALE, QLD + GOOD LOCATION ROCHEDALE MOTORWAY ESTATE 29 BRICKWORKS PLACE, ROCHEDALE, QLD OVERVIEW 2 Opportunity Rochedale Motorway Estate is Brisbane s newest industrial precinct on the Gateway Motorway, providing

More information

HIA-RP Data Residential Land Report

HIA-RP Data Residential Land Report HIA-RP Data Residential Land Report March Qtr 29 Land s Back on the Rise The latest HIA-RP Data Residential Land Report highlights a rebound in raw land values following some moderation over 28. Median

More information

Quarter Time National Office Q4/2018

Quarter Time National Office Q4/2018 Savills Research Australia Quarter Time National Office CBD Averages A Grade National Office N.F. Rent N.E. Rent Market Yield IRR Cap. Value Sydney CBD 1,090 (9.0%) 870 (8.1%) 4.75 (-20bps) 6.65 (-5bps)

More information