Adelaide Industrial Market

Size: px
Start display at page:

Download "Adelaide Industrial Market"

Transcription

1 AUTUMN 2016 MARKET TRENDS Rents remain largely stable. Land values continue to decline in some submarkets. Tenant demand weakens, but remains buoyant in the West and North submarkets. Pre-commitment activity remains subdued. Sales activity has dropped off, but remain above long term averages. IN THIS REPORT Market overview 1 Key Influences 2 Demand, Supply 5 Rental market 7 Investment market 10 Key sales 14 Outlook 15 Adelaide Industrial Market Industrial new supply and demand levels both remain low at the current time. Rents were largely stable and yields have firmed over the past year. Sales activity has slowed, but remain above long term averages. Key industrial drivers of manufacturing activity and confidence remain low, however, retail trade growth remains fairly steady. The recent announcement in late April that confirms the next fleet of 12 Submarines will be built in Adelaide, will no doubt bring some level of increased confidence to the industrial market. Demand for industrial space has fallen in Adelaide over the past year, with activity levels strongest in the West and North submarkets, whilst there has been softer demand conditions in the Outer North. There continues to be a lack of precommitment activity and building approvals remain subdued and below long term averages. Prime and secondary net face rents were stable over the year to March 2016 with incentives also remaining largely stable over the same period. Investment activity in the Adelaide industrial market has slowed over the past 12 months, from the highs of the previous 12 month period, but remain above long term averages. Prime yields are stable after compressing by an average of 25 basis points in June m3property recently valued the high quality industrial facility at 1-3 Pope Street, Beverley, which sold in July 2015 for $20,815,434 (pictured) KEY INDICATORS BY SUB MARKET Net rents ($/m 2 ) Incentives (%) Market yield (%) Land values ($/m 2 ) Prime Secondary Prime Secondary Prime Secondary 1-2ha lots West North Outer North East South Outer South Source: m3property Research (As at March 2016) *Rents, Incentives, Outgoings and Yields: West, East, South and Outer South = 500-2,000 square metre facilities. North and Outer North = 3,000 square metre facilities and above. *Land values: West, East and South = 500-2,000 square metre lots. Outer South = 1,000-3,000 square metre lots. North and Outer North = 1-2 ha lots.

2 KEY INFLUENCES KEY INFLUENCES The industrial market has long been associated with distribution as a key driver and while the business requirements in this area have changed with time, the prime industrial localities have become increasingly associated with major road infrastructure and sites capable of accommodating large facilities. The Adelaide industrial market consists of a wide range of property types including warehousing, manufacturing facilities in the outer north, plus transport & depot/logistic facilities along LeFevrve Peninsula and Gillman, office/warehouses, largely centred in the inner southern and northern precincts around South Road and isolated pockets of industrial estates comprising smaller office/warehouses in Adelaide s East. Confirmation that the next fleet of submarines will be built in SA is expected to bring increased sentiment to the market. ECONOMIC GROWTH Economic growth was positive in South Australia over the year to December Final demand increased by 0.4% (seasonally adjusted) in the December 2015 quarter according to the ABS. Overall State final demand grew by 1.8% over the year to December 2015, compared to growth of 1.4% for the previous 12 month period. The SA economy will continue to face a number of challenges over the short to medium term; in particular, disadvantageous demographic factors, falling commodity prices and the ceasing of car manufacturing in 2017, however the recent announcement in late April that confirms the next fleet of 12 submarines will be built in Adelaide, will no doubt bring increased sentiment to the market. Despite the economic headwinds, according to the Mid-Year Budget Review (SA Treasury), gross state product (GSP) is forecast to grow by 1.5% (revised forecast) in and in This is down from the 1.6% recorded over Retail trade growth is a key driver of the logistics sector. Manufacturing sector third largest contributor to logistics revenue in KEY SECTORAL CHANGES Australia has seen a structural change in the industry types demanding industrial space. Demand continues to move away from traditional manufacturing, and towards knowledge based industries and logistics services. Retail trade is the main driver of the logistics sector in Australia, contributing 32.5% of revenue according to IbisWorld (February 2016). Retailers use the full range of logistics services although the focus is now more on transport and storage, than handling and distribution, due largely to just-in-time inventory management. South Australia s retail trade was up 0.9% (seasonally adjusted) in February 2016 (ABS, April 2016), which was higher than the national percentage figure of 0.4%. Over the year to February 2016, retail trade in South Australia rose by 3.0%, which is down from 5.1% growth for the previous year. The national retail trade growth rate over the year to February 2016 was 3.3%. Inventory levels have been volatile over the past few years. The four largest inventory holding industries are mining, manufacturing, wholesale trade and retail trade. Over the year to December 2015, manufacturing (-5.6%) and mining (-1.3%) ran down inventory levels, while retailers (7.7%) increased levels and wholesalers kept levels stable. The demand for logistics services by wholesalers has remained strong, as goods need to be readily available. This has helped make wholesalers the second largest contributor to the logistics sector, accounting for 28.1% of revenue, according to IBIS World (February 2016). The third largest contributor to logistics revenue is the manufacturing sector. Although it has been on the decline and will continue to do so; it remains a key industry, accounting for approximately 7.0% of GSP for South Australia over the year to June This is due to the overall trend towards off-shoring to countries with cheaper labour and other costs and over the past few years due to the high Australian dollar. The reduction in the Australian dollar over the past year has helped shift the cost imbalance back towards manufacturing of products here but in some cases, such as the car industry, it has occurred too late. Comm3ntary Autumn 2016 P2

3 Yields KEY INFLUENCES Technology changing the face of the industrial landscape. TECHNOLOGY Technology continues to influence industrial users and the space they demand. New technology not only creates new products, which need to be transported and stored but it also influences the way goods are transported and stored. Mobile applications and solutions are impacting every aspect of the manufacturing sector, these include: communications, data collection, onsite visualisation, databases, control equipment, remote access, scheduling, safety applications and employee tracking. These applications and solutions reduce order status calls and can increase sales. Forbes estimate, in the first six months of these applications becoming available an increase in sales of around 13% occurred. These applications also save time and production costs. Storage solutions including automated storage systems save time, space requirements and cost in the logistics industry. The future in this area is demonstrated in the blueprint for Toll s new high-tech logistics hub in Singapore which is due to complete in The project involves a five storey, 100,000 square metre ramp-up integrated facility. It is set to contain the latest automation systems, including: high-speed unit picking, voice picking and intelligent conveyor systems. The integrated transport and warehouse systems are to be complemented by energy-efficient initiatives including rain water harvesting and energy monitoring. Driverless logistics is another technology which is likely to result in major changes in the industrial markets around the world. According to DHL, which is already using autonomous technologies in its Innovation Centre in Germany, driverless logistics could achieve overall cost reductions of around 40% per kilometre and reduce the environmental impact of logistics. There are many applications for this technology in warehouse operations (including autonomous loading and assisted order picking), outdoor logistics, line haul transportation (including assisted highway trucking, and automated convoying systems) and last mile delivery (to customers). Low interest rates have facilitated growth of residential construction and retail trade and helped drive investment demand for property. Yield gap has reduced slightly over the past few months. INTEREST RATES Interest rates have a dual impact on the industrial sector, firstly indirectly through other sectors and secondly through the investment market. Low interest rates stimulated residential sales and construction and retail trade over This had positive flow-on-effects to demand for industrial space to supply these industries and store and transport goods. Since October 2015 banks have increased interest rates independently of the Reserve Bank. This is likely to see a slowdown in growth for interest rate sensitive industries over 2016 including residential and retail. The Adelaide prime yield to ten year bond gap has remained wide over the past year. Although yields have tightened, bonds have been variable and will continue to reduce after the latest interest rate cut, which is likely to see this gap widen further. Adelaide Yields v 10 Year Bonds 10.0% 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 10 year bond rate Adelaide prime industrial yield Source: RBA and m3property Research (As at April 2016) Comm3ntary Autumn 2016 P3

4 KEY INFLUENCES Major road and rail infrastructure is set to open up new industrial areas and provide essential links to improve efficiency and travel times in existing areas. South Road Superway and Southern Expressway both completed in North-South Corridor currently under construction. The Darlington project will help reduce congestion, improve cargo transport efficiency and boost competitiveness for export industries. INFRASTRUCTURE Adelaide s North-South Corridor is a series of linking thoroughfares, consisting primarily of the Southern Expressway duplication, South Road Superway, North Connector, and the Northern Expressway. It will bring greater ease of access to the growing industrial precincts of the outer-north and outer-south. Completed in September 2010, the Northern Expressway project is a 23 kilometre uninterrupted link between the Gawler Bypass and Port Wakefield Road. The project also included upgrades to key intersections on Port Wakefield Road between Waterloo Corner Road and Salisbury Highway. designed to meet the increasing volumes of traffic. The South Road Superway completed in early 2014 and provides a 4.8 kilometre, multi-lane transport corridor from the Port River Expressway to Regency Road, a 2.8 kilometre elevated roadway, passing over Grand Junction Road. It has enhanced the fluency of industrial traffic in areas such as Port Adelaide, as well as upgrading and improving the link between Adelaide s north and south. The $842 million Southern Expressway duplication opened in late 2014 and includes an 18.5 kilometre multi-lane, two-way expressway between Bedford Park and Old Noarlunga. It is critical in developing Adelaide s North-South corridor, and has provided an economic boost to outer-south industrial markets, such as Seaford and Lonsdale. The next section of the North-South Corridor due to be delivered and is currently under construction is the 3.7 kilometre section of South Road between Torrens Road and the River Torrens. The project is due for completion by the end of Looking ahead, the largest infrastructure project to commence in 2016 is the $985 million Northern Connector due to start in May. The project will deliver a 43 kilometre non-stop motorway connecting the Northern Expressway and South Road Superway. The project is designed to substantially improve transport access to the Port of Adelaide and also the industrial areas to the north, northwest of Adelaide. The Darlington Upgrade Project (also part of the North-South Corridor) has also been given the green light to commence in early 2016 at an estimated cost of $620 million. The project consists of a number of upgrades over a 3.3 kilometre stretch of the existing Main South Road. Port Bonython, approximately 35 kilometres north-west of Whyalla on the Eyre Peninsula, was granted major project status for the construction of a new deep-sea port capable of accommodating 'Capesize' ships. The development would provide a gateway for transportation to the State s mining facilities in the far-north. A decision regarding Federal environmental approval for the facility was expected in February 2016, however The Spencer Gulf Portlink Consortium of businesses (including Flinders Port Holdings) are still waiting for approval (as at May 2016). In 2008, the state government announced that it would invest $2 billion over 10 years aimed at revitalising Adelaide rail infrastructure. The extensive program includes track upgrades to all lines, delivery of 22 new electric 3-car trains, the Seaford rail extension (completed February 2014), major upgrades to the Goodwood Junction (completed October 2014) and electrification of rail networks including the Seaford line (opened in February 2014), the Tonsley line (May 2014), the Belair line between Goodwood and Adelaide Railway Station (May 2014) and the Gawler line (stage two electrification works to recommence in ). The $85 million extension of the Tonsley line is set to become a reality after the Prime Minister in May 2016 announced it will pay half the costs associated with the project. The extension is expected to take place simultaneously with the Darlington Upgrade and is forecast to be complete in The line will be extended by 650 metres and will provide a non stop train journey from the City to Flinders University and Flinders Medical Centre. Comm3ntary Autumn 2016 P4

5 Value of building approvals ($millions) Number of building approvals SUPPLY AND DEMAND Pre-commitment activity continues to be subdued. SUPPLY Building approvals, by value, continued to deteriorate over the year to February 2016, when compared to the previous year and are below long term averages. There continues to be a lack of pre-commitments, however buildings that have been completed speculatively have largely been leased or sold to owner occupiers on or near completion, indicating demand for new stock remains relatively buoyant. Major supply projects completed over 2015 include Siemens opening their $5 million maintenance and repair facility at Tonsley (former Mitsubishi site) to service its energy technology business and Aldi s $70 million warehouse and distribution centre in Regency park SA Industrial Building Approvals Number of approvals Factories Agriculture & Aquaculture Source: ABS, m3property Research (as at April 2016). Warehouses Other Industrial Gross tenant demand is slowing, particularly over the first quarter of Demand for space continues to be the strongest in the West and North precincts. DEMAND High unemployment and weak sentiment in the face of a slowing mining sector and the pending closure of the General Motors Holden Plant at Elizabeth scheduled for 2017 has created a degree of caution in the market. Tenants continue to focus on efficiencies through consolidation of activities and are adopting a wait and see approach to their long term accommodation needs. Gross tenant demand in terms of leases signed (500 square metres and over) was estimated by m3property to be around 105,700 square metres over the year to March 2016, down from 174,400 square metres for the year to March Tenant demand has been strongest in the West and North precincts over the year to March 2016, accounting for 30.1% and 28.0% respectively of the metropolitan total. The majority of leases signed were in the 500 1,000 square metre range, accounting for 56.3% of all leases signed. This compares to the previous year, where the majority of leases signed were in the 1,000 3,000 square metre range. SELECTION OF MAJOR LEASES SIGNED Property Tenant GLA (m 2 ) Signed Date Rent ($/m 2 ) Term (yrs) Coker Street, Ferryden Park South Australian Tourism Commission 6,115 Q1/16 $39 g Tikalara Street, Regency Park South Australian Government 1,860 Q1/16 $113 n Capelli Road, 1-3 Pope Street, Beverley 15 Francis Road, Woodhouse Timber Company 1,547 Q1/16 na na KW Doggett 5,312 Q4/15 $110 n 5+5 Hollier Dicksons (SA) Pty Ltd Source: m3property Research (As at April 2016) 2,210 Q4/15 $45 n 5+5 Comm3ntary Autumn 2016 P5

6 Prime net face rents ($/m 2 ) RENTAL MARKET Average prime and secondary net face rents have remained stable over Adelaide s industrial submarkets. Incentives are high by historical standards, but remain largely stable in most submarkets. RENTAL MARKET Average prime and secondary rents have remained stable over the year to March 2016, on the back of softer demand conditions. Where growth has occurred, it predominantly reflects inflation or agreed rent review provisions within existing lease covenants. Prime net rent levels currently range from $70-$95 per square metre in the Outer South (based on 500-2,000 square metre facility) and $75-$95 in the Outer North (based on a 3,000 square metre facility and over) to $100-$150 per square metre in the West and East precincts (based on 500-2,000 square metre facility), albeit noting evidence for certain properties lying beyond this range. Secondary net face rents held relatively steady over the same period and typically range between $40-$85 per square metre of lettable area across all sub markets. Incentives have also remained largely stable over the 12 months to March across all the submarkets The only exceptions to this is where incentives increased from 0%-5% to 5%-10% in the East and 5%-15% to 10%-15% in the South. Outgoings can vary significantly, depending on a number of factors, but generally lie between $13-$40 per square metre for prime industrial grade stock and from $12- $47 per square metre for secondary grade industrial stock. Net face rent ($/m 2 ) Incentives (%) Prime Secondary Prime Secondary Mar mth outlook Mar mth outlook Mar mth outlook Mar mth outlook West North Outer North East South Outer South Source: m3property Research (As at March 2016) *Rents: West, East, South and Outer South = 500-2,000 square metre facilities. North and Outer North = 3,000 square metre facilities and above. $160 $140 $120 $100 $80 $60 $40 $20 $0 Adelaide Prime Net Rents West (500-2,000sqm) North (>3,000sqm) Outer North (>3,000sqm) East (500-2,000sqm) South (500-2,000sqm) Outer South (500-2,000sqm) Source: m3property Research (As at March 2016) Comm3ntary Autumn 2016 P6

7 Sales ($millions) Sales volume ($millions) INVESTMENT MARKET INVESTMENT MARKET Investment activity remains above long term averages. Investment activity in the Adelaide industrial market has slowed over the past 12 months, from the highs of the previous 12 month period, but remain above long term averages. Transactions above the $5,000,000 threshold in Adelaide industrial market for the year to March 2016 totalled $195 million, compared to a total of $375 million for the year to March SA Industrial Sales $600 $500 $400 $300 $200 $100 $ * Source: m3property Research *Sales over $5 million (As at end of March 2016) A-REITS and foreign investors accounted for a large portion of purchases over A-REITS were the major purchaser type for industrial properties over $5,000,000 in value during 2015, accounting for 34% of all transactions. Growthpoint Properties Australia acquired 1-3 Pope Court, Beverley in July 2015 for $20,815,000 on a market yield of 7.75% and Charter Hall purchased Port Wakefield Road, Gepps Cross in September 2015 for $46,000,000 on a market yield of 7.76%. The second major purchaser type was by foreign investors (29%), however this was attributed to the single sale of Findon Road, Kidman Park in December 2015 for $57,251,000. The property was purchased as a potential longer term residential development play. SA Industrial Sales, By Purchaser Type $ $ $ $ $ $ $ $ $50.00 $ * A-REIT Corporation Developer Government Owner Occupier Private Investor Syndicate Undisclosed (blank) Foreign Investor Unlisted Fund Source: m3property Research *Sales over $5 million (As at end March 2016) Comm3ntary Autumn 2016 P7

8 Yields (%) INVESTMENT MARKET Prime yields for the Northern submarkets currently range between 7.50%-9.50%. Secondary yields for the Northern submarkets currently range between 8.50%-11.50%. YIELDS Demand continues to be positive with buyers outweighing sellers. This has resulted in reported prime and secondary yields firming over the past year. On average, prime and secondary yields have compressed by 25 basis points over the past 12 months to March Prime market yields for the Northern submarkets currently range between 7.50%-9.50%, with secondary market yields between 8.50%-11.50% for the same submarkets. Prime grade yields in the West and East are closer to an average of 6.67%. Prime grade yields in the South submarket are closer to 7.50% whilst the Outer South shows an average of 9.25%. Variances beyond these ranges are mainly attributable to properties of smaller proportions, those influenced by owner occupier motivations, and/or those with re-development potential % 10.00% Adelaide Industrial Prime and Secondary Yield Gap Secondary 9.00% 8.00% 7.00% Prime 6.00% 5.00% Source: m3property Research (As at March 2016) *Prime and secondary yields based on North and Outer North submarkets only. RECENT INDUSTRIAL PROPERTY SALES Property Sales Qtr Price (millions) Market Yield GLA rate /m 2 Purchaser 2 Francis Road, Q2/16 $ $1,008 Undisclosed Findon Road, Kidman Park Rosberg Road & 4-8 Johansson Road, Q4/15 $ % $974 Cashe Logistics Trust Q4/15 $ % $1,171 Primewest Funds Ltd Grand Trunkway, Gillman Q4/15 $ $392 Shadbolt Future Fund (Gillman) Diagonal Road, Pooraka Q4/15 $ %* $1,535 T & C Properties (Pooraka) Pty Port Wakefield Road, Gepps Cross Grand Junction Road, Q3/15 $ % $1,483 Charter Hall Q3/15 $ %* $1,204 Australia Post Source: m3property Research (As at April 2016) Note: 2 Francis Road : Under Contract *Passing Yield Comm3ntary Autumn 2016 P8

9 1-2 ha serviced lots ($/m 2 ) INVESTMENT MARKET Land values remain fairly steady across most submarkets. LAND VALUES Land values in most precincts have remained stable over the year to March The exception to this is the West and South precincts, which have seen land values (based on 500-2,000 square metre holding) decline by 6.7% and 6.1% respectively over the past 12 months. Land values vary greatly depending on location, and are currently ranging from $40 per square metre (based on a 10,000-20,000 square metre holding) in the Outer North, to $550 per square metre (based on a 500-2,000 square metre holding) in the East, where land is in short supply. $250 $200 $150 $100 $50 $0 Adelaide Land Values (1-2 ha lots) North Outer North Source: m3property Research (As at March 2016) Settlement for the Gillman land deal paves the way for works to begin on the first stage of Lipson Estate. An out-of-court settlement occurred in early April 2016 over the highly publicised and controversial Gillman land deal. The settlement paves the way for Adelaide Capital Partners (ACP) to take possession of the 150 hectares of land to start developing stage one before the end of this year. ACP is now in a position to finalise development approvals for the first stage of what will be known as Lipson Estate. The total land area is approximately 450 hectares and has been earmarked in the South Australian Government s 30 year development plan as future industrial land supply. It is located approximately 12 kilometres from the Adelaide CBD and 7 kilometres from Outer Harbor. RECENT INDUSTRIAL LAND SALES Land Sales Qtr Price (millions) Area (m 2 ) Land/m 2 Purchaser Salisbury Highway, Greenfields Q2/16 $ ,100 $100 NA Lot 24 Schumacher Road, Q1/16 $ ,800 $175 Ct Group Properties No.3 Pty. Ltd. Lot 1 Francis Road, Q1/16 $2.4 14,800 $162 Australian Postal Corp Lot 100 South Road, Lot 301 Veitch Road, Osborne Lot 102 Moore Road, Reynella Q1/16 $1.33 6,594 $201 Setak Pty.Ltd. Q4/15 $ ,770 $90 J.K. Properties Pty. Ltd. Q4/16 $1.9 10,200 $186 Moore Road Pty. Ltd. Source: m3property Research (As at end of April 2016) Comm3ntary Autumn 2016 P9

10 KEY SALES Findon Road, Kidman Park Sale Price: $57,250,000 Sale Date: September 2015 Market Yield: 8.09% Rate (per square metre): $974 Comments: Leased to Metcash who resigned for a further 4.5 years as part of the transaction. Property purchased as a potential longer term residential development play. Distribution Centre, Rosberg Road & 4-8 Johansson Road, Sale Price: $11,800,000 Sale Date: December 2015 Market Yield: 8.37% Rate (per square metre): $1,171 WALE (by income): 0.69 years Comments: Rosberg Road leased to Cospak Pty Ltd (GLA of 6,787m³ together with a large canopy of 1,513m³). 4-8 Johansson Road leased to Toll Transport Pty Ltd (GLA of 3,276³ together with a large canopy of 972m³) Diagonal Road, Pooraka Sale Price: $6,200,000 Sale Date: December 2015 Passing Yield: 5.51% Rate (per square metre): $1,535 Comments: Banana ripening facility (1,438m³) leased to De Luca Banana Marketing for a term of 5+5 years commencing November Sold via private treaty after an extended marketing campaign to a local private purchaser Port Wakefield Road, Gepps Cross Sale Price: $46,000,000 Sale Date: September 2015 Passing Yield: 8.16% Market Yield: 7.76% IRR: 8.82% Rate (per square metre): $1,550 WALE (by income): 7.86 years Comments: The site coverage at 31% is low and we have added a surplus land component in our market rent analysis. Refurbished manufacturing facility leased to Clipsal Australia for 15 years from August Passing rent considered above market. Comm3ntary Autumn 2016 P10

11 Yields (%) m3property Research For more information please contact: OUTLOOK The outlook for the Adelaide industrial market is likely to continue to be impacted upon short term occurrences as confidence levels remain fragile % 11.00% Adelaide Industrial Yields Research Contacts Zoe Haskett P M zoe.haskett@m3property.com.au Key Valuation Contacts Simon Hickin P: M: simon.hickin@m3property.com.au 10.00% 9.00% 8.00% Neil Bradford P M neil.bradford@m3property.com.au 7.00% 6.00% Prime Secondary Source: m3property Research *Prime and secondary yields based on North and Outer North submarkets only. The industrial property market in Adelaide will continue to face a number of challenges over the short to medium term, however the recent announcements centred on the defence contracts is expected to increase sentiment in the market. Demand for industrial property is forecast to remain fairly subdued in comparison to recent years as the manufacturing industry goes through a period of transition away from car manufacturing into growth areas of advanced manufacturing. Rents are likely to largely remain stable over OFFICES Adelaide Brisbane Melbourne Level 3 44 Waymouth Street Adelaide South Australia 5000 T 61 (8) F 61 (8) Level 2 15 James Street Fortitude Valley Queensland 4006 T 61 (7) F 61 (7) Level Bourke Street Melbourne Victoria 3000 T 61 (3) F 61 (3) Perth Sydney Disclaimer Unit Stirling Highway Nedlands Western Australia 6009 T 61 (8) F 61 (8) Level 23, MLC Centre 19 Martin Place Sydney New South Wales 2000 T 61 (2) F 61 (2) the next 12 months, with the primary concern being business sentiment and the closure of the General Motors Holden Plant at Elizabeth. Activity in the investment market is expected to be on par with levels witnessed over 2015, however the recent savings in stamp duty (one-third savings, effective as at 7 December 2015) on commercial transactions may improve investor appetite over 2016, and hence increasing investment activity volumes. Prime Investment yields are forecast to remain stable across the Adelaide submarkets over the next 6-12 months. info@m3property.com.au m3property Australia. This report has been derived, in part, from sources other than m3property. In passing on this information, m3property makes no representation that any information or assumption contained in this material is accurate or complete. To the extent that this material contains any statement as to the future, it is simply an estimate or opinion based on information currently available to m3property and contains assumptions which may be incorrect. m3property makes no representation that any such statements are, or will be, accurate. Definitions Submarket West Definitions North Outer North East South Outer South Suburbs include: Hindmarsh Thebarton Mile End Welland Beverley Woodville North Royal Park North Plympton Brompton Adelaide Airport Regency Park Port Adelaide Gillman Outer Harbor Dry Creek Osborne Cavan Gepps Cross Edinburgh Direk Burton Salisbury Green Fields Pooraka Glynde Newton Stepney Edwardstown Melrose Park St Marys Clovelly Park Lonsdale Seaford Reynella Hackham

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

Perth Industrial Market

Perth Industrial Market WINTER 2016 MARKET TRENDS Perth Industrial Market Rents have softened. Vacancy is increasing, particularly in older space. Land values have declined marginally over the last year. Sales activity was robust

More information

Sydney CBD Office Market

Sydney CBD Office Market WINTER 2016 MARKET TRENDS Leasing demand strong, led by take-up in the property services, education and finance and insurance sectors. Supply levels high over 2015 Stock withdrawals to increase in 2016

More information

m3commentary SYDNEY INDUSTRIAL

m3commentary SYDNEY INDUSTRIAL m3commentary SYDNEY INDUSTRIAL Autumn 2017 Key Research Contacts: Jennifer Williams National Director NSW (02)8234 8116 Casey Robinson Research Manager QLD (07) 3620 7906 Zoe Haskett Research Manager SA

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

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

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

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

The Residential Outlook for South Australia

The Residential Outlook for South Australia The Residential Outlook for South Australia Matthew King Economist HOUSING INDUSTRY ASSOCIATION February 2011 Overview Economic backdrop Other important matters Interest rates & bank lending Renovations

More information

m3commentary MELBOURNE INDUSTRIAL

m3commentary MELBOURNE INDUSTRIAL m3commentary MELBOURNE INDUSTRIAL 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

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

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

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

Land area 1.73 million km 2 Queensland population (as at 31 December 2017) Brisbane population* (preliminary estimate as at 30 June 2017)

Land area 1.73 million km 2 Queensland population (as at 31 December 2017) Brisbane population* (preliminary estimate as at 30 June 2017) Queensland - 11 Queensland OVERVIEW Queensland is nearly five times the size of Japan, seven times the size of Great Britain, and two and a half times the size of Texas. Queensland is Australia s second

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

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

Housing market report

Housing market report Australian capital cities and Gold Coast residential property market Prepared May Dr Andrew Wilson, Senior Economist Australian Property Monitors Housing markets strengthen as rates fall again. National

More information

Dexus Property Group INVESTOR PORTFOLIO

Dexus Property Group INVESTOR PORTFOLIO Dexus Property Group INVESTOR PORTFOLIO 31 December 2017 www.dexus.com Table of Contents GP Plus Healthcare Centre, 16 Playford Boulevard, Elizabeth 1 15-23 Whicker Road, Gillman 1 Westfield West Lakes,

More information

Australian Cities Accounts Estimates. December 2011

Australian Cities Accounts Estimates. December 2011 Australian Cities Accounts 2010-11 Estimates December 2011 This report has been prepared by: SGS Economics and Planning Pty Ltd ACN 007 437 729 Level 5 171 Latrobe Street MELBOURNE VIC 3000 P: + 61 3 8616

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

m3commentary BRISBANE CBD OFFICE

m3commentary BRISBANE CBD OFFICE m3commentary BRISBANE CBD OFFICE Autumn 2017 Key Research Contacts: Casey Robinson Research Manager QLD (07) 3620 7906 Jennifer Williams National Director NSW (02) 8234 8116 Erin Obliubek Research Manager

More information

The Coalition s Policy to Build the Swan Valley Bypass and Perth Gateway

The Coalition s Policy to Build the Swan Valley Bypass and Perth Gateway 1 Our Plan Real Solutions for all Australians The direction, values and policy priorities of the next Coalition Government. The Coalition s Policy to Build the Swan Valley Bypass and Perth Gateway August

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

The Coalition s Policy

The Coalition s Policy The Coalition s Policy Key Commitments The Coalition s plan for a strong new economy will provide jobs and growth and secure the future for Australian families through smart investment in infrastructure.

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

Location Report. Coffs Harbour U Retire ( ) Retire with Property

Location Report. Coffs Harbour U Retire ( )   Retire with Property Location Report Coffs Harbour Retire with Property 1300 U Retire (873 847) www.superannuationproperty.com Coffs Harbour Location Coffs Harbour is a regional town on the North Coast of New South Wales

More information

Economic Performance of Australia s Cities and Regions Embargoed until Tuesday 5 December 2017

Economic Performance of Australia s Cities and Regions Embargoed until Tuesday 5 December 2017 Economic Performance of Australia s Cities and Regions Embargoed until Tuesday 5 December 2017 Media Release Tuesday 5 December 2017: New research released today by SGS Economics & Planning (SGS) reveals

More information

GRANT THORNTON BANKERS BOOT CAMP

GRANT THORNTON BANKERS BOOT CAMP GRANT THORNTON BANKERS BOOT CAMP Where are we in the cycle? Yield compression slowing, rents growing Yields bottoming but the bottom could last till 2020 The end of yield compression brings income return

More information

Land area 1.73 million km 2 Queensland population (as at December 2016) Brisbane population* (preliminary estimate as at 30 June 2016)

Land area 1.73 million km 2 Queensland population (as at December 2016) Brisbane population* (preliminary estimate as at 30 June 2016) Queensland - 11 Queensland OVERVIEW Queensland is nearly five times the size of Japan, seven times the size of Great Britain, and two and a half times the size of Texas. Queensland is Australia s second

More information

South Australia Property Report January 2014

South Australia Property Report January 2014 South Australia Property Report National Overview This quarter we look around the nation to identify affordable properties with the potential to deliver healthy long term gains suitable for first home

More information

State Budget Breakfast

State Budget Breakfast Welcome to Master Builders SA s State Budget Breakfast July 8, 2016 Ian Markos Chief Executive Officer, Master Builders SA Associate Professor Michael O Neil Executive Director, South Australian Centre

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

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

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

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

DEXUS Property Group (ASX: DXS) ASX release

DEXUS Property Group (ASX: DXS) ASX release 11 February 2016 DEXUS and DWPF acquire North Sydney site for premium office development DEXUS Property Group (DEXUS) and DEXUS Wholesale Property Fund (DWPF) today announced that they have jointly entered

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

South Australian Budget June 2014

South Australian Budget June 2014 South Australian Budget 2014 15 June 2014 On 19 June 2014 South Australian Treasurer the Hon Tom Koutsantonis MP delivered the 2014 15 Budget. The main theme of the Budget is investment in public transport

More information

INTERIM REVIEW OF AUSTRALIAN CONSTRUCTION MARKET CONDITIONS JULY 2015

INTERIM REVIEW OF AUSTRALIAN CONSTRUCTION MARKET CONDITIONS JULY 2015 INTERIM REVIEW OF AUSTRALIAN CONSTRUCTION MARKET CONDITIONS JULY 2015 2 Review of Australian Construction Market Conditions July 2015 Trade bottlenecks continue in New South Wales, Victoria and Queensland

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

Australian Property Directions Survey Commercial, Industrial, Retail and Trusts

Australian Property Directions Survey Commercial, Industrial, Retail and Trusts Australian Property Directions Survey Commercial, Industrial, Retail and Trusts NOVEMBER 2016 This is the 36th API Australian Property Directions Survey conducted by the Australian Property Institute.

More information

COFFS HARBOUR MARKETSNAPSHOT

COFFS HARBOUR MARKETSNAPSHOT MARKETSNAPSHOT NEW SOUTH WALES The Mid North Coast region is ranked fourth in Australia for business confidence with its regional economy growing at a healthy 4.1% p.a. and produces an annual Gross Regional

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

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

https://gsc-public-1.s3-ap-southeast-2.amazonaws.com/s3fs-public/draft-eastern-city-district-plan.pdf

https://gsc-public-1.s3-ap-southeast-2.amazonaws.com/s3fs-public/draft-eastern-city-district-plan.pdf GSC Sydney East Rev Draft -references Port Botany - 30 https://gsc-public-1.s3-ap-southeast-2.amazonaws.com/s3fs-public/draft-eastern-city-district-plan.pdf Pages 6. The District s freight routes, particularly

More information

Australia s Building Industry current conditions and future prospects

Australia s Building Industry current conditions and future prospects Australia s Building Industry current conditions and future prospects Dr Harley Dale HIA Chief Economist Alpine Nurseries Business Seminar Tuesday 26th August 2014, Sydney What is driving housing activity?

More information

TOWNSVILLE NORTH QUEENSLAND QUARTERLY ECONOMIC SNAPSHOT

TOWNSVILLE NORTH QUEENSLAND QUARTERLY ECONOMIC SNAPSHOT TOWNSVILLE NORTH QUEENSLAND QUARTERLY ECONOMIC SNAPSHOT SEPTEMBER 2017 TOWNSVILLE NORTH QUEENSLAND QUARTERLY ECONOMIC SNAPSHOT SEPTEMBER 2017 The Townsville North Queensland Economic Snapshot provides

More information

The Australian Property Institute Inc. Australian Property Directions Survey

The Australian Property Institute Inc. Australian Property Directions Survey The Australian Property Institute Inc. Australian Property Directions Survey SEPTEBER 2012 T his is the 29th API Australian Property Directions Survey conducted by the Australian Property Institute (NSW

More information

74 Pirie Street (1,500m²), a 7 storey building is currently being refurbished by Maras Group and is expected to be completed in Q

74 Pirie Street (1,500m²), a 7 storey building is currently being refurbished by Maras Group and is expected to be completed in Q RESEARCH Jul-7 Jul-8 Jul-9 Jul- Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18 Jul-19 Jul-2 CBD prime yields firmed by 12 basis points from an average of 7.13% to 7.1% in the six months to January

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

Australian Capital Markets Q Accelerating success. THE HUNT FOR YIELD. Australian Capital Markets Q The Hunt For Yield

Australian Capital Markets Q Accelerating success. THE HUNT FOR YIELD. Australian Capital Markets Q The Hunt For Yield Australian Capital Markets Q3 2016 Accelerating success. THE HUNT FOR YIELD Australian Capital Markets Q3 2016 The Hunt For Yield Global unease position Australia favourably as an investment destination

More information

Land area 1.73 million km 2 Queensland population (December 2015) Brisbane population* (June 2015)

Land area 1.73 million km 2 Queensland population (December 2015) Brisbane population* (June 2015) Queensland - 18 Queensland OVERVIEW Queensland is nearly five times the size of Japan, seven times the size of Great Britain, and two and a half times the size of Texas. Queensland is Australia s second

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

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

TECHPORT AUSTRALIA - AUSTRALIA S PREMIER NAVAL INDUSTRY HUB

TECHPORT AUSTRALIA - AUSTRALIA S PREMIER NAVAL INDUSTRY HUB TECHPORT AUSTRALIA TECHPORT AUSTRALIA Techport Australia - Australia s premier naval industry hub is located at Osborne in South Australia. The South Australian Government has invested over $300 million

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

m3commentary INNER BRISBANE OFFICE CBD and Fringe

m3commentary INNER BRISBANE OFFICE CBD and Fringe m3commentary INNER BRISBANE OFFICE CBD and Fringe Spring 2017 Key Research Contacts: Casey Robinson Research Manager QLD (07) 3620 7906 Jennifer Williams National Director NSW (02) 8234 8116 Amita Mehrotra

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

Queensland Economic Update. Are there more pots of gold ahead?

Queensland Economic Update. Are there more pots of gold ahead? Queensland Economic Update Are there more pots of gold ahead? Katie Dean Economist ANZ Bank 4 November 24 Australian economic growth has been strong and Queensland has been a star performer Economic growth

More information

Housing in Hobart: an overview of the data. Richard Eccleston, Lisa Denny, Julia Verdouw & Kathleen Flanagan University of Tasmania May 2018

Housing in Hobart: an overview of the data. Richard Eccleston, Lisa Denny, Julia Verdouw & Kathleen Flanagan University of Tasmania May 2018 Housing in Hobart: an overview of the data Richard Eccleston, Lisa Denny, Julia Verdouw & Kathleen Flanagan University of Tasmania May 2018 Informing the Housing Debate Tasmania is facing significant housing

More information

For personal use only

For personal use only Sydney Airport Holdings Limited ABN 85 075 295 760 AFSL 236875 Central Terrace Building 10 Arrivals Court Sydney International Airport New South Wales 2020 T 1800 181 895 or +61 2 9667 9871 F +61 2 9667

More information

Commercial Research. Between the Lines. Gold Coast 4Q 2016 Sales & Year End Wrap. January 2017

Commercial Research. Between the Lines. Gold Coast 4Q 2016 Sales & Year End Wrap. January 2017 Commercial Research Between the Lines Gold Coast 4Q 2016 Sales & Year End Wrap January 2017 The 4Q 2016 was a relatively quiet period across the Gold Coast Commercial markets after a busy mid year. During

More information

QANTAS DELIVERS STRONG FIRST HALF RESULT DESPITE HIGHER FUEL BILL

QANTAS DELIVERS STRONG FIRST HALF RESULT DESPITE HIGHER FUEL BILL ASX and Media Release Sydney, 21 February 2019 QANTAS DELIVERS STRONG FIRST HALF RESULT DESPITE HIGHER FUEL BILL Underlying Profit Before Tax: $780 million (down $179 million) Statutory Profit Before Tax:

More information

Australia Office MarketView

Australia Office MarketView Australia Office MarketView Q4 212 QUARTERLY GDP.5% OFFICE JOBS GROWTH -.8% CBD OFFICE VACANCY 8.1% PRIME RENTAL GROWTH +3.2% CBRE Global Research and Consulting PRIME YIELD 7.45% Q412 INVESTMENT VOLUME

More information

INNER BRISBANE APARTMENT MARKET

INNER BRISBANE APARTMENT MARKET WINTER 2016 MARKET TRENDS Strong growth in dwelling approvals and finance commitments. Some approved developments being postponed on the back of fears of oversupply. INNER BRISBANE APARTMENT MARKET This

More information

NEW RETAIL OPPORTUNITIES

NEW RETAIL OPPORTUNITIES NEW RETAIL OPPORTUNITIES STAGE 1 LEASING NOW Join Coles, Kmart and ALDI plus 50+ Specialty Stores and Dining Precinct THE PORT S NEWEST RETAIL DEVELOPMENT The redevelopment of the Port Canal Shopping Centre

More information

A shared vision for northern Adelaide Directions Paper

A shared vision for northern Adelaide Directions Paper A shared vision for northern Adelaide Directions Paper northernadelaide.com Key opportunities NORTHERN ADELAIDE Gawler Bypass Rd - A20 GAWLER 1 BAROSSA VALLEY ADELAIDE-DARWIN-PERTH RAILWAY 2 Northern Expressway

More information

Australia and New Zealand

Australia and New Zealand Strategy Management Consultancy Australia and New Zealand Regional Analysis knowledge center September update 2018 Contents Australia Australia Market Review 3 Macro indicators 4 Australia key statistics

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

For personal use only

For personal use only Cedar Woods Properties Limited Queensland Projects Tour Cedar Woods Presentation 2 Cedar Woods Charter Cedar Woods Purpose to create long term value for our shareholders through the disciplined acquisition,

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

Airport forecasting is used in master planning to guide future development of the Airport.

Airport forecasting is used in master planning to guide future development of the Airport. Airport Forecasts Airport forecasting is used in master planning to guide future development of the Airport. 4.1 INTRODUCTION Airport forecasting ensures development is appropriate for passengers, ground

More information

BEACHSIDE ON THE PARK

BEACHSIDE ON THE PARK Built better. BEACHSIDE ON THE PARK Due Diligence Project Report (07) 5370 1800 info@builtbetter.com.au builtbetter.com.au 1 builtbetter.com.au WELCOME TO BEACHSIDE Beachside on the park has been Constructed

More information

JULY 2010 ADELAIDE INDUSTRIAL

JULY 2010 ADELAIDE INDUSTRIAL RESEARCH JULY 2010 ADELAIDE INDUSTRIAL Market Overview HIGHLIGHTS With the bottom of the market seemingly reached in late 2009, the Adelaide Industrial market has recently been experiencing a period of

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

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

Australian Property Growth Fund

Australian Property Growth Fund Australian Property Growth Fund Presentation Overview 2006/07 Key Highlights Property Trust Assets Funds Management & Development Company Projects Future Projects 2006/07 Key Highlights Profit after tax

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

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

ASCOT SUBURB PROFILE

ASCOT SUBURB PROFILE ASCOT SUBURB PROFILE CONTENTS SUBURB HIGHLIGHTS 2 3 4 4 5 5 ASCOT & SURROUNDS LOCATION & LIFESTYLE DEMOGRAPHICS EMPLOYMENT FUTURE INFRASTRUCTURE WA MARKET TRENDS ACCESSIBILITY ENTERTAINMENT & RECREATION

More information

Frasers Commercial Trust. Portfolio details as at 31 March 2018

Frasers Commercial Trust. Portfolio details as at 31 March 2018 Frasers Commercial Trust Portfolio details as at 31 March 2018 20 April 2018 Portfolio Composition 2 Asset values Total: S$2,219.2 million as at 31 March 2018^ Singapore: S$1,226.0 million (55%) Australia:

More information

Australia & New Zealand

Australia & New Zealand Strategy Management Consultancy Australia & New Zealand Regional Analysis k n o w l e d g e c e n t e r 2017 linesight.com/knowledge Contents Australia Australia Market Review 3 Macro indicators 4 Australia

More information

Frasers Commercial Trust. Portfolio details as at 30 June 2018

Frasers Commercial Trust. Portfolio details as at 30 June 2018 Frasers Commercial Trust Portfolio details as at 30 June 2018 25 July 2018 Portfolio Composition 2 Asset values Total: S$2,242.9 million as at 30 June 2018^ Singapore: S$1,239.6 million (55%) Australia:

More information

FCOT Portfolio detail as at 30 September 2017

FCOT Portfolio detail as at 30 September 2017 FCOT Portfolio detail as at 30 September 2017 Portfolio Composition 2 Asset values Net property income TOTAL: S$2,070.9 million as at 30 September 2017^ Singapore: S$1,212.0 million (59%) Australia: S$858.9

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

ICN Gateway Breakfast (SA) Jon Whelan A/Manager Project Delivery 9 July 2015

ICN Gateway Breakfast (SA) Jon Whelan A/Manager Project Delivery 9 July 2015 ICN Gateway Breakfast (SA) Jon Whelan A/Manager Project Delivery 9 July 2015 78 km running between Old Noarlunga and Gawler Adelaide s North South Corridor Torrens Road to River Torrens [due for completion

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

For personal use only

For personal use only ASX Release 23 June 2015 Cedar Woods Properties Limited ASX Code: CWP Cedar Woods Properties Limited is an ASX-listed Australian property development company. Established in 1987, Cedar Woods has a diverse

More information

17-21 Oxenham Street. Dudley Park SA 5008 INFORMATION MEMORANDUM FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 12 JULY 2017 AT 12:00PM (ACST)

17-21 Oxenham Street. Dudley Park SA 5008 INFORMATION MEMORANDUM FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 12 JULY 2017 AT 12:00PM (ACST) 17-21 Oxenham Street Dudley Park SA 5008 INFORMATION MEMORANDUM FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 12 JULY 2017 AT 12:00PM (ACST) Contents 01 EXECUTIVE SUMMARY 4 02 LOCATION 6 04 METHOD

More information

Positive economic outlook for South Australia

Positive economic outlook for South Australia RESEARCH The Adelaide CBD vacancy rate declined from 15.% to 1.7% in the six months to July 1. This tightening of the vacancy rate is expected to continue due to the increase in the level of tenant enquiries

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

Built better. HARMONY. Due Diligence Project Report. (07) builtbetter.com.au. 1 builtbetter.com.

Built better. HARMONY. Due Diligence Project Report. (07) builtbetter.com.au. 1 builtbetter.com. Built better. HARMONY Due Diligence Project Report (07) 5370 1800 info@ 1 WELCOME TO HARMONY BRISBANE SUNSHINE COAST HARMONY SYDNEY 02 Built Better. MELBOURNE S 03 0 Built Better. OVERVIEW OF THE SUNSHINE

More information

MARKETBEAT. Queenstown Regional. Residential

MARKETBEAT. Queenstown Regional. Residential Winter 2016 MARKETBEAT RESEARCH NEWSLETTER Queenstown Regional Queenstown is booming. A surging tourism sector drawing in more workers, coupled with an increasing wave of lifestylers and rising investor

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

PERTH-ADELAIDE CORRIDOR STRATEGY

PERTH-ADELAIDE CORRIDOR STRATEGY INTRODUCTION The Royal Automobile Association of SA Inc (RAA), the State s principal advocate for motorists on a broad range of motoring-related issues, represents the views of more than 560,000 South

More information

What will a broad-based economic recovery mean for the Brisbane office leasing market?

What will a broad-based economic recovery mean for the Brisbane office leasing market? 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 What will a broad-based economic recovery mean for the Brisbane office leasing market? December 216 Summary Introduction Vacancy in the Brisbane

More information

Committee for Melbourne Briefing Note Victorian State Budget Overview of Key Announcements

Committee for Melbourne Briefing Note Victorian State Budget Overview of Key Announcements Committee for Melbourne Briefing Note 2013-14 Victorian State Budget Overview of Key Announcements Strong and secure finances In 2013-14, the Coalition Government will deliver an estimated operating surplus

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

RESEARCH INDUSTRIAL SNAPSHOT

RESEARCH INDUSTRIAL SNAPSHOT RESEARCH INDUSTRIAL SNAPSHOT GREATER LONDON AND WESTERN HOME COUNTIES H2 2017 GREATER LONDON & WESTERN HOME COUNTIES LOGISTICS & INDUSTRIAL RESEARCH Introduction As the UK economy continues to grow so

More information

MARKETBEAT RETAIL SNAPSHOT

MARKETBEAT RETAIL SNAPSHOT Bil US$ MARKETBEAT RETAIL SNAPSHOT LAS VEGAS, NV A Cushman & Wakefield Research Publication Q4 2014 NATIONAL ECONOMIC OVERVIEW Like Floyd Mayweather in the final round of a championship match, the U.S

More information