Industrial GVA performance was strong across all industrial sectors to Q2 2018 resulting in 2.8% y-o-y growth.

 

Average industrial rent growth was subdued with super prime net face rents increasing 0.5% q-o-q with the strongest growth in the Melbourne market (2.2% q-o-q).

 

Super prime yields remained unchanged in Q3 across all markets. Sydney yields are the sharpest in the country at 5.08% followed by Melbourne at 5.25%.

 

Land values continued to grow with average prices per square metre for 1.6ha parcels up 12.4% y-o-y driven by strong growth in Sydney, Brisbane and Melbourne.

 

Transaction volumes totalled $1.25b, down 14.0% on Q218 reflecting the continued low level of stock available for sale.