Owner Occupiers Dominate!

In a recent survey of industrial land sales conducted by Raine & Horne Commercial owner KS130075 (Small)occupiers were the dominant buyers.

The survey and research covered 46 sales in Bennetts Green, Tomago, Steel River, Beresfield and Cardiff in 2012.  Block sizes varied from 1800 square metres to 1.87 hectares.

Sale prices varied from as low as $83 per square metre at Tomago to $152 per square metre at Cardiff.

Ninety percent of sales were to owner occupiers with 25 of the 46 lots being under 2500 square metres or less.

Alan Tonks of Raine & Horne Commercial said “Anecdotal evidence indicated that this would be the case but we were still surprised at the strength of the owner occupier market.  Under more favourable economic conditions investors and developers would form a greater percentage of the total sales.

These figures backed up the trend that new buildings are being brought onto the marked on an “as required” basis with very little speculative development occurring.

Alan Tonks
Raine & Horne Commercial

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