Brisbane Southside Blog

Whether it be residential real estate when attending a family BBQ or Commercial and Industrial Real Estate when attending a business luncheon, the fact is real estate seems to be high on the agenda in any economic discussion.

As Principals and Directors of Raine and Horne Commercial Brisbane Southside and Bayside, we can confidently say the market is moving.  Recently we conducted our 2015/2016 Company’s Annual Report Card and Awards Ceremony at Canvas Bar, Woolloongabba.  

At our meeting we looked extensively at the sub $10 million market in our core areas of expertise.  These areas include the Western Corridor (Wacol to Darra), Central South (Rocklea to Acacia Ridge), Logan/Gold Coast North (Underwood to Yatala), City Fringe (West End to Coorparoo) and Bayside (Capalaba to Cleveland).

When considering market movement from year to year our research team noted some of the following key stats that have occurred from 2014/15 to 2015/16:

• For our Agency we saw an increase of 21% in the number of sale and lease transactions completed
• In our core areas the total sales market $ Value increased by approx. $55 million
• 48 more sales transactions were completed in our core areas
• The sales to leases ratio stayed steady at 24% sales and 76% leases of all transactions completed
• The Central South and Logan precincts continue to be highly popular industrial areas with approx. $130 million worth of sales each in the sub $10 million price bracket in the last 12 month period.

There is no doubt that record low interest rates are playing a major role in more sales occurring.  Tenants are becoming buyers again, and with a further RBA rate drop recently occurring we don’t see this changing in the second half of the 2016 calendar year.

What we are seeing is:

• Owner Occupier demand for freestanding buildings in the 800 – 1500sqm size bracket is on the rise and the supply is not meeting demand in certain areas.
• SMSF Investors are still casting their nets out for sub $3 million leased investment property.
• Demand for industrial land is on the rise. We have seen the recent release of Waratah Industry Park, Acacia Ridge which is a 20 lot subdivision offering blocks from 2,000sqm attracting an influx of owner occupier and small developer enquiry. (view video for Waratah Industry Park HERE)

At our Annual Report Card Meeting we also celebrated the achievements of a number of staff. 

Key Award winners were:

• Paul Flego – No.1 Salesperson $ Value
• Colin Tucker – No 1. Salesperson Number of Transaction (Colin was also recently awarded the Raine & Horne Commercial Australia No. 1 in this category)
• Jenny Henshaw – Property Manager of the Year
• Jodie Bailey – Property Management Team MVP (Most Valuable Person as voted by the Property Management Team)
• Belinda Overitt and Brittney Jones – Office Support Team Members of the Year
• Rebecca Low – Company MVP (Most Valuable Person as voted by the whole Company team)

The 2016/2017 Financial Year will no doubt be another interesting year in commercial and industrial real estate with plenty of movement expected.  If you would like us to take an in depth look at your property and where it sits in today’s market, please contact our office on 07 3216 6666.

Written by Joseph Grasso and Nick Comino

Director / Principals of Raine & Horne Commercial Brisbane Southside and Bayside