December 2017 :: Latest News
Marvellous Melbourne!
Still a great place to live and the property demand is strong.
Industrial Properties. This year we have experienced a depleting stock of existing buildings, whether for sale or for lease. This, coupled with increasing demand, has meant both higher sales prices and the firming of lease figures. In many cases, incentives have been reduced.
Industrial Development has kicked off into a building phase to satisfy demand. As a direct consequence industrial zoned land is in demand and pricing in the North and West has risen by about 25%. In the East and South East there is an acute lack of land situation, that has seen pricing rocket, with up to 100% increases, within the last 2 years. The constrained land supply in the East and South East will limit business expansion and will impact job growth.
Major infrastructure projects have boosted demand for industrial properties.
There are many reasons behind Melbourne being titled ‘The most liveable city’. Those that live here may take it for granted, but there is so much available particularly a wonderful health and care system.
We are approaching a season of thankfulness. Lets have an attitude of gratitude. Melbourne is a great place to live, play, work and succeed.
Have a safe break and Merry Christmas!
