ISSUE 167 | MARCH 2024 | 02 9630 8000 Disclaimer Notice: Neither Bawdens, nor the publishers and editors of articles in this issue accept any form of liability, be it contractual, tortious or otherwise, for the contents of this newsletter or for any consequences arising from its use or any reliance placed upon it. All the information contained in this publication has been provided to us by various parties. We do not accept any responsibility to any person for it’s accuracy and do no more than pass it on. All interested parties should make and rely upon their own enquiries in order to determine whether or not this information is in fact accurate. Customised relevant marketing means maximum results. We are the only agency with real time database management. Instagram Facebook LinkedIn YouTube Simply search | PAGE 12 MARKET INSIGHT SPECIAL The Rise of Industrial Property Values Arndell Park October 2021 29 1.38 Auburn September 2022 10 1.00 Bankstown July 2022 23 1.91 Blacktown July 2022 23 1.91 Condell Park July 2022 23 1.96 Chipping Norton July 2022 19 1.58 Castle Hill August 2022 29 2.63 Dural January 2022 22 1.22 Glendenning July 2022 21 1.75 Greenacre July 2022 30 2.50 Guildford December 2022 16 2.67 Kings Park July 2022 26 2.16 Granville January 2022 30 1.66 North Parramatta September 2022 17 1.54 Lidcombe October 2022 22 2.45 Milperra July 2022 18 1.50 Minchinbury September 2021 24 1.09 Moorebank June 2022 19 1.46 Norwest June 2021 16 0.64 Padstow July 2022 30 2.30 Regents Park December 2022 13 1.62 Revesby May 2022 24 1.71 Riverstone May 2022 31 2.21 Rydalmere October 2022 22 2.44 Sefton December 2022 16 2.28 Seven Hills September 2022 15 1.50 Smithfield July 2022 22 1.83 Silverwater May 2022 24 1.71 Wetherill Park August 2022 16 1.45 Yennora November 2021 24 1.26 Suburb Survey Period Commencement Comparable Price Growth % Avg Monthly Growth% Bawdens recently released research for private clients summarising the growth in the value of offices and warehouses across 30 suburbs in Sydney. The survey tracked sales completed in each suburb over a certain period. The sales monitored in each suburb through the differing periods measure and compare the price per square metre of building area from the survey commencement until July 30, 2023. The suburb with the best performing monthly growth was Guildford closely followed by other suburbs south of Parramatta that included Padstow and Greenacre. The best-performing suburbs to the Northwest of Parramatta were Castle Hill and Riverstone, these locations both experienced consistent price growth. This is a result of the very few sales occurring due to supply constraints. Perhaps, not surprisingly, the lowest performing suburb was Norwest, with most properties in that location holding large office components that many users do not require today.
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