Brisbane Industrial Research
February 2019 highlights:
- Steady demand and modest supply completions during 2018 has brought vacancy down by a further 14% over the year and under average levels for the first time in five years.
- Land value growth is continuing with high pre-commitment activity spurring construction in 2019 and continued speculative development expected. Some transactions of large raw land parcels emerging.
- Yields have continued to fall due to sustained investor demand, particularly offshore buyers. Turnover of Brisbane assets broached $1 billion during 2018. the highest level recorded.