Coopers Plains, Larapinta, Salisbury and Acacia Ridge

by admin-king | 9th November 2014

In the established industrial suburbs of Coopers Plains, Acacia Ridge and Salisbury, overall activity has stabilised in recent months with less small-to-medium transactions and more of vacant buildings. Sales of investment properties under $4 million have declined due to a lack of stock.

The owner-occupier market is getting stronger, possibly due to lower interest rates and the stabilisation of the economy, although the market is mostly restricted to properties under $2 million as well as to specific industries that have been largely unaffected by the economy and the recent federal Budget.

Construction of a new clear span 1678 m2 warehouse has been completed on a 2825 m2 site at 67 Dulacca Street, Acacia Ridge by GDB Properties and is now available for sale or lease, expecting to achieve $128/m2.

In Larapinta, the Radius Industrial City Estate has seen most blocks sold, but there are a few sites still available for sale with design and construct options. Big-name companies already established in the estate are Toll IPEC and Caterpillar. Properties sitting vacant for longer periods of time, particularly those of 2000+ m2, provide some good leasing opportunities.

Rod Hewitt (0417 020 406) and Richard Hall (0408 199 919)

 

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