INSIDE THIS ISSUE OF INDUSTRIAL PROPERTY NEWS We observed land values in 2024 for the period of January to June decreased marginally as compared to 2023 for the period. ISSUE 176 | DECEMBER 2024 | 02 9630 8000 | PAGE 2 YMARKET INSIGHT SPECIAL Industrial Land – Values in 2023 and 2024 Bawdens is one of Sydney’s leading Industrial property agencies, specialising in the provision of Asset Management and Sales and Leasing services to Small Medium Enterprises (SME’s) private and high net worth individuals and investment groups. We recently released the results of research completed in relation to the value of serviced industrial land with a developable area of 2ha or less. Land values in 2024 for the period of January to June decreased marginally as compared to 2023 for the period. The research results are summarised below. The decline in values in 2024 reflected increased developer uncertainty associated with construction costs and the emergence of small strata unit supply in the outer north-west and south-west precincts. Holding costs are also challenging feasibilities, driven by increasing land taxes and non-bank lending rates. In the central west, land values were broadly unchanged with the region considered an “infill” location and sites retaining value due to scarcity of opportunity. Tony Youssef: Director Asset Management, Robert Ally: Director, Jack Perkins: Associate Director Asset Management and Terry Saba: Director
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