Proudly Australian Owned
King & Co Property Consultants is the leading industrial and commercial real estate agency in Brisbane. Our specialist divisions offer unparalleled expertise in selling, buying, leasing, managing or advising on a client's or customer's property needs...and does so within a well honed combination of long term experience, a balanced mix of qualifications, management practices, up to date technology, accessibility and old fashioned service.
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Demand still outstrips supply
Generally, values in all types, location and size categories of industrial sales and rentals increased significantly through 2006. The number of transactions increased markedly with the average prices significantly improving in strata and vacant land sales. The decrease in average price of other improved properties in 2006 is not because prices were lower, but due to the few extremely large value sales in the last quarter of the previous period which were not included in these 2006 statistics.
The following seven graphs show total sales by number and by value since 1998, the break up of the total value between north and south sides of the Brisbane River since 1995, and the north/southside split of improved sales over the same period; sales comparison between the north and south over the past two years and the division of north and south sales by improved sales, strata and vacant industrial land respectively for the past year.
As at 31 December 2006, transaction wise, the Brisbane market comprised 31% strata, 51% improved and 18% vacant land sales. Value wise it was 16%, 66% and 18% respectively.
The Brisbane industrial sales market for the year to 31 December 2006 increased in value by $181.6 million or 17.6% to $1.21 billion, while transactions jumped 48%, to 1,061. However, the average value per transaction decreased 18% or $248,803 per transaction to $1,141,937. It is difficult to explain this aberration as demand and finance availability remain strong, with stable yields and it is expected these buoyant marketing conditions will persist into the foreseeable future. The main explanation for this is that the largest sector, other improved was distorted in the last quarter of 2005 when a few very large value sales are made, but these figures were excluded from the existing 2006 analysis.
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