Market Byte

The Northern Fringe of Brisbane, including key suburbs like Bowen Hills and Fortitude Valley, continues to solidify its position as one of the most sought-after commercial investment areas. Known as the Urban Renewal Precinct, this region benefits from Brisbane’s strong population growth and robust economic performance, making it a hub for investors and businesses alike. Population Growt...

The industrial property market in Brisbane’s southside is undergoing significant shifts driven by high debt costs and limited land supply. Developers face challenges with speculative developments as financing costs rise and market sentiment changes. This has led to a slowdown in the acquisition of vacant land, further tightening the already scarce supply of developable industrial land. W...

A recent assessment of a light industrial unit in Brisbane’s Northern Precinct has highlighted the growing popularity of these assets. Not just useful for a tradie shed or a big toy locker, these compact units are increasingly being utilised for warehousing/distribution by smaller online retailers, flexible exercise space by specialist gyms and office space by marketing/recruitment agenc...

In a recent assessment of industrial land, local real estate operatives indicated there are ample options for hardstand rental in Pinkenba with land areas ranging between 4,000m² and 2Ha. Furthermore, market conditions for sales of vacant land is starting to show signs of slowing.  Typically, agents have indicated that high construction costs together with high land selling prices ar...

The Brisbane CBD retail vacancy rate is currently around 19%, with greater vacancy in fringe locations away from core pedestrian thoroughfares.  Local real estate agents are indicating when tenants want to lease premises, they desire prime locations with high pedestrian foot traffic passing.  While the number of people in the CBD continues to slowly increase, stagnating gross effectiv...

Since inflation began to rise in late 2020, and peaking at 7.8% in December 2022, the Reserve Bank of Australia (RBA) continues to keenly observe how rising inflation is impacting the costs of everyday goods and services, both domestically and abroad. Seeking to bring inflation to within its target range between 2 -3 percent by adjusting the cash rate. Recent Monthly Inflation data (which only...

The Property Council of Australia’s Office Market Report recently released has shed some light on the changing profile of the CBD and non-CBD office markets across Australia. The post-COVID-19 economy has been particularly challenging for some office locations, with many staff continuing to work from home. This shift has changed the nature of new take up of space and movement across regio...