28 | Queensland The Mackay region is seeing yields of 7% for retail assets, 7.5-8% for industrial space, and 8.5-9.5% for office property says Des Besanko of Commercial Mackay. One of the key drivers in the Mackay market is the above average yields achievable in the region, which Des says is making the region very attractive to investors from southern states. In particular, Des says a diminishing supply of industrial land stock will likely put upward pressure on rents due to lack of supply alternatives. He explains, “An industrial warehousewe sold achieved a newstandard of 7.59%net yield. Until then, the next best yieldwas approximately 8% net. Local valuers had still been set on nothing below 8% net.” Des Besanko des.b@rhc.com.au Mackay
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