• Industrial GVA was negative in Q1 2019 (-1.2% y-o-y), the lowest rate of growth since the GFC.
     
  • Average industrial rent growth was stable with super prime net face rents increasing 0.7% y-o-y, with Melbourne (5.5%) recording the strongest growth.
     
  • Super prime yields compressed in all markets except Melbourne. Sydney yields remain the sharpest in the country at 4.75%, followed by Melbourne at 5.00%.
     
  • Land values were stable with Australian 1.6ha lots averaging $506/sqm. Melbourne has seen the greatest growth in land values at 26.3% over the past year.
     
  • Transaction volumes in Q2 2019 were up 23% when compared to Q1 2019 and totalled $1.19b.