Industrial Property News

ISSUE 186 | NOVEMBER 2025 | 02 9630 8000 WWW.BAWDENS.COM.AU I N D U S T R I A L Profit Margin Pressure and Declining Productivity Impacting Industrial Property Demand 2025 Industrial Space Survey Logistics and Industrial Outlook 2025-2026 How to Correctly Price Industrial Property in 2025-2026

INSIDE THIS ISSUE OF INDUSTRIAL PROPERTY NEWS Bawdens share insights on how profit margin performance and productivity are critical to market stability. ISSUE 186 | NOVEMBER 2025 | 02 9630 8000 | PAGE 2 Ben Rodriguez: Director Asset Management, Esperance Saad: Associate Director Asset Management, Robert Ally: Director and Terry Saba: Director MARKET INSIGHT SPECIAL Profit Margin Pressure and Declining Productivity Impacting Industrial Property Demand Bawdens is Sydney’s leading SME-focused industrial property specialist. The firm, with $3.5 billion in assets under management, routinely releases unique research papers for the benefit of its clients and customers. In this issue, we bring together the findings from recent papers that revealed how interest rates affect industrial sales and how to correctly price industrial property in 2025 (see page 12), to reveal how profit margin performance and productivity are critical to market stability. Since 2024, despite interest rates falling from about 7.4% to about 6%, sales at the firm as a percentage of all deals fell from 22% to 15%. Since 2023, despite inflation falling from 7.0% to 2.4% in 2025, business confidence has noticeably declined. The decline in confidence can be understood as the outcome of the lag effects of increasing costs to businesses from the inflation experienced in 2023 and falling productivity today. Businesses are currently seeing this in their financial statements as falling profit margins. Correctly pricing property to meet current conditions will remain very important for successfully leasing or selling in 2025 and 2026.

FOR SALE Seven Hills 211m2 approx. As Real Estate Agents and Property Asset Managers, we conduct ourselves based upon a commitment to our vision to simplify, adapt, lead and grow our corporate property services. Our mission to connect people, organise, maximise and transact corporate property has meant as a group of professionals we have continued to thrive. The reason we continue to be a growing company today is because we remain aware that our purpose is to proudly protect our clients and earn their honest appreciated trust and friendship. VISION To simplify, adapt, lead and grow our corporate property services PURPOSE To proudly protect our clients and earn honest, appreciated trust and friendship MISSION We connect people, organise, maximise and transact corporate property VALUES Integrity, Passion, Leadership and Trust Our Why’ Story ISSUE 186 | NOVEMBER 2025 | 02 9630 8000 | PAGE 3 Join our team as a Sales & Leasing Executive Hiring WE ARE Scan the QR code to find out more and apply. Leasing or buying Leasing Buying 41% 59% FOR LEASE High Exposure Industrial Facility • Premium exposure to Parramatta Road • Seven roller shutter doors • Versatile 4,680m² building area • Corporate-style office with air conditioning and amenities • Generous yard for truck turning or container unloading Jarrad Love: 0408 817 025 Monjer Khan: 0422 753 262 Auburn 4,680m2 approx. BAWDENS NEWS YLEASED BY Heavy Component Specialists truck into Wetherill Park Relocating from around the corner, Heavy Component Specialists have leased 4 Allen Place, Wetherill Park – a secured freestanding warehouse of 832m², leased at the asking rental of $166,400 per annum net + outgoings & GST, equating to $200 per square metre on a 5 + 5 year lease. The deal was successfully negotiated by Bawdens Director Terry Saba and Sales & Leasing Executive Rohit Kumar. High Exposure Warehouse • High clearance warehouse and modern office component • Well-connected precinct with excellent signage opportunity • Current lease expires on 05 May 2026, no option • Buy now, occupy later Rohit Kumar: 0434 309 788

ISSUE 186 | NOVEMBER 2025 | 02 9630 8000 | PAGE 4 Gladesville Riverstone Seven Hills Kings Park Smithfield Northmead Rydalmere Castle Hill Rouse Hill Ingleburn Bawdens Deals Done LEASED BY LEASED BY SOLD BY SOLD BY LEASED BY SOLD BY SOLD BY LEASED BY LEASED BY SOLD BY MARKET INSIGHT SPECIAL 2025 Industrial Space Survey Bawdens is one of Sydney’s Leading Specialist industrial agencies. 2025 has been a year of changing market conditions to date. Business profit margins have experienced pressure as costs increased, and confidence fell early in the year. Whilst a recovery in consumer confidence is anticipated later this year, which may support a rebound in profit margins, certain sectors within the industrial property market have remained in demand. The firm completed an SME survey of all lease transactions completed for the calendar year to date where the area of the building leased was less than 1000m². The results reveal the most popular sized building areas as a percentage of all transactions surveyed as follows: Perhaps not surprisingly buildings with an area of less than 250m² accounted for 42% of all deals completed. Highlighting the resilience of small business formation, and availability of cash, with activity remaining intact despite challenging conditions. Larger businesses requiring space between 500-750m² were less active with just 10% of property deals accounting or deals with this size. However, established businesses seeking more than 750m² accounted for 25% of all deals highlighting the benefits of mature cash flow from established enterprises. % Of All Deals Size 42% 0-250m² 23% 250-500m² 10% 500-750m² 25% 750-1000m²

ISSUE 186 | NOVEMBER 2025 | 02 9630 8000 | PAGE 5 BAWDENS ASSET MANAGEMENT Introducing Fidah Shrestha Bawdens is pleased to welcome Fidah Shrestha as a Senior Asset Manager, where she will be working closely with Associate Director Esperance Saad across one of our corporate portfolios. Fidah brings with her years of end-to-end property experience, gained through both private practice and the public sector, making her a highly versatile addition to the team. Her deep knowledge of property management, coupled with expertise in client service and operational oversight, ensures that our clients will benefit from informed, strategic, and proactive management of their assets. Fidah’s well-rounded background positions her to deliver strong outcomes and add value at every stage of the asset cycle. At Bawdens, we are excited to see Fidah’s skills and experience enhance the service we deliver to our corporate clients, and we warmly welcome her to the team. Our asset management team can maximise the value of your asset. Lease Negotiations Rent Reviews Outgoing Audit Transaction Management Make-Good Management Asset Management Vacancy Rate Office Industrial Retail 3.28% 0.59% 3.57% BAWDENS ASSET MANAGEMENT Space in demand 0-500m² 500m² - 2000m² >2000m² 39% 27% 34% FOR SALE Arndell Park 235 m2 approx. Modern High Clearance Warehouse • Great truck and container access • Close to M4/M7 Motorway and major arterial roads • Air-conditioned mezzanine office • Central location • On-site amenities Rishad Kharadi: 0405 732 041 Rohit Kumar: 0434 309 788 Peter Pacetta: 0416 001 509 If this is something that you would also like to receive please feel free to contact Have you seen our new edition of FOR SALE Telopea 341m2 approx. Freestanding Office Building • 4 office suite building • 2 offices positioned downstairs, whilst 2 offices positioned upstairs • All suites have their own amenities • Rear lane access with secured car parking Anthony Barbanera: 0410 914 662 www.linkedin.com/company/bawdens-industrial Follow us on LinkedIn • Stay informed: view our monthly Industrial Property News, weekly Market Brief and bimonthly Commercial Property News & Property Investor News • Find out what transactions we have just completed • Be up to date with the current market offerings

ISSUE 186 | NOVEMBER 2025 | 02 9630 8000 | PAGE 6 FOR SALE Mulgrave 481m2 approx. Modern High Clearance Warehouse • Prestigious corporate appeal • Internal clearance up to 7.5m (approx.) • High quality office space • Bonus mezzanine of 65m² included in stated area • 7 car spaces James Zerefos: 0400 326 828 Simply search ‘Bawdens_RealEstate’ on Instagram. Like us on Instagram • Stay informed: view our monthly Industrial Property News, weekly Market Brief and bimonthly Commercial Property News & Property Investor News • Find out what transactions we have just completed • Be up to date with the current market offerings Vacancy by No. of Properties Vacant Properties Managed 1.9% MARKETING Bawdens use their e-cloud technology to complete behavioural marketing that identifies the buyers or tenants who will pay the highest price or rental. We are Sydney’s only Industrial Agency utilising behavioural marketing. For the latest media releases & market trends visit our website www.bawdens.com.au Peter Pacetta: 0416 001 509 If this is something that you would also like to receive please feel free to contact Have you seen our new edition of COMMERCIAL Are you looking to sell your property in 2025? With a 100% success rate, utilising this method of sale you will achieve a price better than you expected, which will allow you to realise your new ambitions. Our In-Room auction facility delivers you the highest probability of an exceptional price. Let Bawdens present your property professionally and use our negotiation skills to deliver you the highest possible price. AUCTION WITH US Register your Interest: Call 9630 8000 or contact your preferred Bawdens Agent. BAWDENS NEWS YSOLD BY Strong Result Secured in Padstow An owner-occupier has purchased a freestanding building at 4 Wordie Place, Padstow, following a competitive five-week Expression of Interest campaign. The campaign generated 30 enquiries, 10 inspections and 4 Expressions of Interest by the closing date, demonstrating the strong depth of buyer interest in the local market. The sale price of $6,000,000 reflected $4,893 per square metre. The successful sale highlights the continued strength of the owner-occupier sector. The deal was negotiated by Bawdens Sales & Leasing Executives, Paul Chidiac and Rishad Kharadi.

ISSUE 186 | NOVEMBER 2025 | 02 9630 8000 | PAGE 7 FOR SALE Arndell Park 329.4m2 approx. Modern High Clearance Warehouse • Air conditioned office • High clearance warehouse • Clean estate • Onsite amenities • Central location Rohit Kumar: 0434 309 788 Rishad Kharadi: 0405 732 041 BAWDENS NEWS YSOLD BY Riverstone Rocks Out Land Value at $1,350 per square metre Relocating from Smithfield, Ultra Homes Pty Ltd has secured a new site in Riverstone. The company has purchased 28-30 Loftus Street, Riverstone, a 1,847m² corner land parcel, for $2,500,000 + GST, reflecting a strong land value of $1,350 per square metre. The deal was successfully negotiated by Bawdens Sales & Leasing Executive Monjer Khan. Vacancy Rate by m2 Vacant Properties Managed 2.6% Simply search ‘Bawdens’ on Facebook. Like us on Facebook • Stay informed • Find out what transactions we have just completed • Be up to date with the current market offerings We currently support the following organisations: Charitable Foundation

ISSUE 186 | NOVEMBER 2025 | 02 9630 8000 | PAGE 8 FOR LEASE Modern Warehouse with Exposure • Access to the warehouse is via 1 large, motorised roller shutter door • Quality office space with abundant natural light • Excellent truck access • 26 parking spaces • Flexible E3 zoning Anthony Barbanera: 0410 914 662 Jarrad Love: 0408 817 025 Camellia 1,856m2 approx. BAWDENS ASSET MANAGEMENT Safe and Strong: Bawdens Project Management oversees Asbestos Removal and Roof Replacement Bawdens recently completed a major roof replacement project, showcasing our commitment to delivering safe and professional outcomes for our clients. Asset Manager Anthony Tomic oversaw the end-to-end process, which included the safe removal of asbestos, obtaining the necessary clearance certification, and coordinating the installation of brand-new metal sheeting. To ensure long-term durability, the roof structure was further reinforced with additional bracing, providing extra support for the new sheeting, and strengthening the overall building structure. By managing the project from start to finish, Anthony ensured that all works were completed in line with compliance standards, while keeping both the tenant and owner well-informed throughout. This project is another strong example of Bawdens’ project management expertise that combines technical oversight, safety assurance, and client-focused communication to deliver results that protect and enhance the value of our clients’ assets. Website Enquiry Real Commercial Commercial Real Estate Google Other 23% 33% 12% 32% FOR SALE Freestanding Unit in Strata Complex • High clearance warehouse ranging from 6.2m to 6.8m • An additional mezzanine of 228m² (approx.) • High end corporate office over 2 levels • Fully air-conditioned with amenities • Excellent truck and container access Anthony Barbanera: 0410 914 662 South Granville 1,446m2 approx.

ISSUE 186 | NOVEMBER 2025 | 02 9630 8000 | PAGE 9 MARKET INSIGHT SPECIAL Logistics and Industrial Outlook 2025-2026 Industrial Property News recently asked leading industrial property agency Bawdens for their outlook as to what industrial owners, investors and users might expect in the financial year ahead. The firm identifies actual sentiment from its market-facing executives providing Sales, Leasing and Asset Management Services. The operators considered the items identified below and noted possible sentiment and outlook via the indicators and comments in the table to December 2025. Commencement of a recovery in profit margins is anticipated for the balance of 2025, providing support for existing rental and sale rates per square metre. When coupled with an improvement in consumer spending in the second half of 2025, an improvement in leasing demand is anticipated. Improved liquidity from one or more interest rate cuts is also anticipated to support demand from buyers for buildings in the year ahead. Item Indicator Comment Property Values ($ psm) unchanged / small decline Lease Rentals ($ psm) unchanged / small decline Interest Rates one or two reductions Inflation unchanged Number of Properties for Lease slight increase Number of Properties for Sale slight increase Demand from Tenants for Space unchanged / slight increase Demand for Buyers for Space slight increase Number of Buildings Vacant unchanged BAWDENS NEWS YSOLD BY Impressive Off-the-Plan Sale at Unitas Business Park, Rouse Hill A private investor has secured an off-the-plan unit located at 11/4-6 Mile End Road, Rouse Hill, within the highly anticipated Unitas Business Park, which is currently under construction and scheduled for completion in September 2026. The unit, comprising 1,207.2m² (approx.), offers a high-clearance warehouse of 8.5m, a climate-managed awning, two roller shutter doors, and the rare benefit of an exclusive secured yard area. It was sold for $6,800,000, reflecting $5,633 per square metre + GST. The transaction was negotiated by Bawdens Managing Director, Barry Cawthorn. For further information on the remaining opportunities at Unitas Business Park, please contact Bawdens.

ISSUE 186 | NOVEMBER 2025 | 02 9630 8000 | PAGE 10 FOR SALE St Marys 3,247m2 approx. 5 Unit Complex Sold In One Line • Multi-tenanted asset • Site area 5,974m² (approx.) • Building area 3,247m² (approx.) • Current passing income $483,690 pa gross + GST Robert Ally: 0413 758 658 Monjer Khan: 0422 753 262 BAWDENS ASSET MANAGEMENT Protecting Value: Cameron De Sousa oversees major Blacktown asset Bawdens is proud to announce the appointment of Senior Asset Manager, Cameron De Sousa, to oversee the management of a large-scale industrial site in Blacktown. The property owner sought a manager with the technical expertise and industry knowledge required to ensure the site is maintained to the highest standard while meeting all compliance obligations. Cameron has implemented a structured plan addressing key areas such as asbestos protocols, electrical compliance, and fire safety compliance. This comprehensive strategy not only safeguards the premises but also provides the owner with peace of mind that their investment is being managed with diligence and foresight. By combining Bawdens’ proven systems with Cameron’s strong asset management experience, we are ensuring that the long-term value and security of this industrial site are firmly protected. Where it all came from Internet Bawdens IPN Signs Clients 46% 29% 4% 21% Simply search ‘Bawdens’ on YouTube. Subscribe to our YouTube • Stay informed • Find out what transactions we have just completed • Be up to date with the current market offerings FOR LEASE High Clearance Warehouse with Showroom • Access to the warehouse is via 1 large, motorised roller shutter door • Quality office space with abundant natural light • Excellent truck access • 22 parking spaces • Flexible E3 zoning Anthony Barbanera: 0410 914 662 Jarrad Love: 0408 817 025 Camellia 1,566m2 approx.

ISSUE 186 | NOVEMBER 2025 | 02 9630 8000 | PAGE 11 OUR TEAM Barry Cawthorn Managing Director Robert Ally Director John Grujovski Director Peter Pacetta Director Sales & Leasing Terry Saba Director John Tanna Consultant Barry Johnston Consultant James Zerefos Sales & Leasing Executive Graeme Scott Senior Consultant Sales & Leasing Victor Zerefos Associate Director Sales & Leasing Anthony Barbanera Associate Director Sales & Leasing Jarrad Love Sales & Leasing Executive Monjer Khan Sales & Leasing Executive Rishad Kharadi Sales & Leasing Executive Joumana Tarabay Director Asset Management Paul Chidiac Sales & Leasing Executive Rohit Kumar Sales & Leasing Executive Ben Rodriguez Director Asset Management Esperance Saad Associate Director Asset Management Jack Perkins Associate Director Asset Management Rosa Gagic Senior Asset Manager Marina Pucovski Senior Asset Manager Cameron De Sousa Senior Asset Manager Karson Evans Senior Asset Manager Warren Truong Senior Asset Manager Sarah Cha Senior Asset Manager Shubham Chaudhry Senior Asset Manager Alex Gulevski Asset Manager Anthony Tomic Asset Manager Sanjana Wagh Asset Manager Haylee Norris Asset Manager Ankita Desai Finance & Admin Manager Daisy Kaur Sales & Leasing Operations Manager Bethany Arthur Sales, Leasing & Management Administrator 9630 8000 bawdens.com.au Anthony Dosen Asset Manager Kevin Do Asset Manager Tracy Le Senior Asset Manager Stephen McEwan Director Finance & Administration Indu Ganeshkumar Assistant Finance Manager Novia Amanda Sales & Leasing Assistant Mariah Conquest Sales & Leasing Executive Fidah Shrestha Senior Asset Manager OUR TEAM Barry Cawthorn Managing Director Robert Ally Director John Grujovski Director Peter Pacetta Director Sales & Leasing Terry Saba Director John Tanna Consultant Barry Johnston Consultant James Zerefos Sales & Leasing Executive Graeme Scott Senior Consultant Sales & Leasing Victor Zerefos Associate Director Sales & Leasing Anthony Barbanera Associate Director Sales & Leasing Jarrad Love Sales & Leasing Executive Monjer Khan Sales & Leasing Executive Rishad Kharadi Sales & Leasing Executive Joumana Tarabay Director Asset Management Paul Chidiac Sales & Leasing Executive Rohit Kumar Sales & Leasing Executive Ben Rodriguez Director Asset Management Esperance Saad Associate Director Asset Management Jack Perkins Associate Director Asset Management Rosa Gagic Senior Asset Manager Marina Pucovski Senior Asset Manager Cameron De Sousa Senior Asset Manager Karson Evans Senior Asset Manager Warren Truong Senior Asset Manager Sarah Cha Senior Asset Manager Shubham Chaudhry Senior Asset Manager Alex Gulevski Asset Manager Anthony Tomic Asset Manager Sanjana Wagh Asset Manager Haylee Norris Asset Manager Ankita Desai Finance & Admin Manager Daisy Kaur Sales & Leasing Operations Manager Bethany Arthur Sales, Leasing & Management Administrator 9630 8000 bawdens.com.au Anthony Dosen Asset Manager Kevin Do Asset Manager Tracy Le Senior Asset Manager Stephen McEwan Director Finance & Administration Indu Ganeshkumar Assistant Finance Manager Novia Amanda Sales & Leasing Assistant Mariah Conquest Sales & Leasing Executive Fidah Shrestha Senior Asset Manager OUR TEAM Barry Cawthorn Managing Director Robert Ally Director John Grujovski Director Peter Pacetta Director Sales & Leasing Terry Saba Director John Tanna Consultant Barry Johnston Consultant James Zerefos Sales & Leasing Executive Graeme Scott Senior Consultant Sales & Leasing Victor Zerefos Associate Director Sales & Leasing Anthony Barbanera Associate Director Sales & Leasing Jarrad Love Sales & Leasing Executive Monjer Khan Sales & Leasing Executive Rishad Kharadi Sales & Leasing Executive Joumana Tarabay Director Asset Management Paul Chidiac Sales & Leasing Executive Rohit Kumar Sales & Leasing Executive Ben Rodriguez Director Asset Management Esperance Saad Associate Director Asset Management Jack Perkins Associate Director Asset Management Rosa Gagic Senior Asset Manager Marina Pucovski Senior Asset Manager Cameron De Sousa Senior Asset Manager Karson Evans Senior Asset Manager Warren Truong Senior Asset Manager Sarah Cha Senior Asset Manager Shubham Chaudhry Senior Asset Manager Alex Gulevski Asset Manager Anthony Tomic Asset Manager Sanjana Wagh Asset Manager Haylee Norris Asset Manager Ankita Desai Finance & Admin Manager Daisy Kaur Sales & Leasing Operations Manager Bethany Arthur Sales, Leasing & Management Administrator 9630 8000 bawdens.com.au Anthony Dosen Asset Manager Kevin Do Asset Manager Tracy Le Senior Asset Manager Stephen McEwan Director Finance & Administration Indu Ganeshkumar Assistant Finance Manager Novia Amanda Sales & Leasing Assistant Mariah Conquest Sales & Leasing Executive Fidah Shrestha Senior Asset Manager Barry Cawthorn Managing Director Robert Ally Director John Grujovski Director Peter Pacetta Director Sales & Leasing Terry Saba Director John Tanna Consultant Barry Johnston Consultant James Zerefos Sales & Leasing Executive Graeme Scott Senior Consultant Sales & Leasing Victor Zerefos Associate Director Sales & Leasing Anthony Barbanera Associate Director Sales & Leasing Jarrad Love Sales & Leasing Executive Monjer Khan Sales & Leasing Executive Rishad Kharadi Sales & Leasing Executive Joumana Tarabay Director Asset Management Paul Chidiac Sales & Leasing Executive Rohit Kumar Sales & Leasing Executive Ben Rodriguez Director Asset Management Esperance Saad Associate Director Asset Management Jack Perkins Associate Director Asset Management Rosa Gagic Senior Asset Manager Marina Pucovski Senior Asset Manager Cameron De Sousa Senior Asset Manager Karson Evans Senior Asset Manager Warren Truong Senior Asset Manager Sarah Cha Senior Asset Manager Shubham Chaudhry Senior Asset Manager Alex Gulevski Asset Manager Anthony Tomic Asset Manager Sanjana Wagh Asset Manager Haylee Norris Asset Manager Ankita Desai Finance & Admin Manager Daisy Kaur Sales & Leasing Operations Manager Bethany Arthur Sales, Leasing & Management Administrator 9630 8000 bawdens.com.au Anthony Dosen Asset Manager Kevin Do Asset Manager Tracy Le Senior Asset Manager Stephen McEwan Director Finance & Administration Indu Ganeshkumar Assistant Finance Manager Novia Amanda Sales & Leasing Assistant Mariah Conquest Sales & Leasing Executive Fidah Shrestha Senior Asset Manager Barry Cawthorn Managing Director Robert Ally Director John Grujovski Director Peter Pacetta Director Sales & Leasing Terry Saba Director John Tanna Consultant Barry Johnston Consultant James Zerefos Sales & Leasing Executive Graeme Scott Senior Consultant Sales & Leasing Victor Zerefos Associate Director Sales & Leasing Anthony Barbanera Associate Director Sales & Leasing Jarrad Love Sales & Leasing Executive Monjer Khan Sales & Leasing Executive Rishad Kharadi Sales & Leasing Executive Joumana Tarabay Director Asset Management Paul Chidiac Sales & Leasing Executive Rohit Kumar Sales & Leasing Executive Ben Rodriguez Director Asset Management Esperance Saad Associate Director Asset Management Jack Perkins Associate Director Asset Management Rosa Gagic Senior Asset Manager Marina Pucovski Senior Asset Manager Cameron De Sousa Senior Asset Manager Karson Evans Senior Asset Manager Warren Truong Senior Asset Manager Sarah Cha Senior Asset Manager Shubham Chaudhry Senior Asset Manager Alex Gulevski Asset Manager Anthony Tomic Asset Manager Sanjana Wagh Asset Manager Haylee Norris Asset Manager Ankita Desai Finance & Admin Manager Daisy Kaur Sales & Leasing Operations Manager Bethany Arthur Sales, Leasing & Management Administrator 9630 8000 bawdens.com.au Anthony Dosen Asset Manager Kevin Do Asset Manager Tracy Le Senior Asset Manager Stephen McEwan Director Finance & Administration Indu Ganeshkumar Assistant Finance Manager Novia Amanda Sales & Leasing Assistant Mariah Conquest Sales & Leasing Executive Fidah Shrestha Senior Asset Manager Barry Cawthorn Managing Director Robert Ally Director John Grujovski Director Peter Pacetta Director Sales & Leasing Terry Saba Director John Tanna Consultant Barry Johnston Consultant James Zerefos Sales & Leasing Executive Graeme Scott Senior Consultant Sales & Leasing Victor Zerefos Associate Director Sales & Leasing Anthony Barbanera Associate Director Sales & Leasing Jarrad Love Sales & Leasing Executive Monjer Khan Sales & Leasing Executive Rishad Kharadi Sales & Leasing Executive Joumana Tarabay Director Asset Management Paul Chidiac Sales & Leasing Executive Rohit Kumar Sales & Leasing Executive Ben Rodriguez Director Asset Management Esperance Saad Associate Director Asset Management Jack Perkins Associate Director Asset Management Rosa Gagic Senior Asset Manager Marina Pucovski Senior Asset Manager Cameron De Sousa Senior Asset Manager Karson Evans Senior Asset Manager Warren Truong Senior Asset Manager Sarah Cha Senior Asset Manager Shubham Chaudhry Senior Asset Manager Alex Gulevski Asset Manager Anthony Tomic Asset Manager Sanjana Wagh Asset Manager Haylee Norris Asset Manager Ankita Desai Finance & Admin Manager Daisy Kaur Sales & Leasing Operations Manager Bethany Arthur Sales, Leasing & Management Administrator 9630 8000 bawdens.com.au Anthony Dosen Asset Manager Kevin Do Asset Manager Tracy Le Senior Asset Manager Stephen McEwan Director Finance & Administration Indu Ganeshkumar Assistant Finance Manager Novia Amanda Sales & Leasing Assistant Mariah Conquest Sales & Leasing Executive Fidah Shrestha Senior Asset Manager Sherlyn Macarandang System Administrator Elvia Baybay System Administrator Rossanie Dichoso System Administrator Jasmin Vanguardia System Administrator OUR TEAM Preethi Pawar Marketing Assistant Bianca Malabanan Marketing Coordinator Our Team

ISSUE 186 | NOVEMBER 2025 | 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 How to Correctly Price Industrial Property in 2025-2026 Paying particular attention to the years 2024 and 2025. In this period, interest rates fell approximately from 7.4% to 6%, yet confidence fell, and so the number of sale transactions we completed fell from 22% to 15% as a percentage of all deals. This is because as productivity fell and the exchange rate of the AUD fell, it cost more to run a business in Australia. This has resulted today in business profit margins being reduced, creating a fall in business confidence. In this environment, competently managed businesses will not accept risk by paying more rent or a price for a property than what is acceptable to them. So it is very important to determine the correct price or rental for a property today. Only correctly priced properties are selling or leasing. Source: Finder As we enter the new financial year, we asked leading corporate property agency Bawdens to provide their thoughts about the year ahead and identify why understanding the importance of correctly pricing real estate for sale and lease is going to be critical in the year ahead. In a research paper recently released to clients, we examined the percentage of sales relative to total transactions completed, that is, sales and leases.

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