Brisbane and SEQ’s property markets – both commercial and residential – have shifted over the last five years. Dramatic changes in lending, supply constraints, evolving tenant demands and infrastructure additions have combined to impact values and yields.
In this moving landscape, do you really know what your property is worth or the returns that comparable properties are generating?
How have commercial property markets in Brisbane changed?
In 2024, prime industrial rents grew at near double-digit percentage terms, outpacing other commercial sectors due to high demand, limited supply and further improvements in land values.
Secondary industrial markets typically offer yields of 6.75-7.25% and demand has been underpinned by tenants who have been looking to secure their futures (purchasers have done the sums between paying higher rents at renewal time and repayments as an owner).
Suburban office markets have gained traction as SMEs and owner-occupiers seek alternatives to the CBD, boosting occupancy and stabilising rents . Brisbane’s fringe office market has led national net absorption trends, reflecting strong demand in emerging growth industries like energy and technology.
Neighbourhood centres and essential-service assets have proved resilient among a mixed retail asset market. With remote work becoming a permanent fixture in the economy, local retail assets in areas from Beenleigh to Broadbeach, Southport to Springfield continue to perform well. Assets that are tenanted by convenience-driven businesses such as cafes, hairdressers – services and goods that can’t be bought online – are among the better performers. Remote workers appreciate the opportunity of being able to walk or take a short drive to their local shopping area for lunch or pick up some staple items like milk or bread: they welcome the change of scenery and opportunity to catch up with a friend or colleague.
Attempting to gauge your commercial property’s worth without expert guidance can result in costly miscalculations. Online tools and broad market reports provide only general insights.
At Bromley, our commercial specialists develop market appraisals based on real-time market intelligence and industry expertise:
- current market rents and rental growth projections;
- comparable sales and leasing data;
- tenant demand and lease structures;
- outgoings and operating costs affecting net income;
- long-term market trends influenced by infrastructure and economic shifts.
To arrange a free commercial property appraisal, contact a Bromley commercial specialist today.
Residential property performs strongly, but some suburbs fare better than others
Brisbane’s residential market has been one of the best performers nationwide in recent years. Over the last 12 months, the city recorded median growth of 12% for houses and 20% for units; over the last three years, the increases were 35% and 44%, respectively.
But, again, owners cannot rely on city-wide figures as some suburbs have boomed while the growth in others has moderated. For instance, units in Dutton Park rose in value by 41.6%, but the median price of houses in Ashgrove increased only 3%, year-on-year.
Talking to one of Bromley’s residential specialists will enable you to understand market conditions, local buyer demand and comparable results. This will help you understand the true worth of your property.
Reach out to our residential specialists today to know more.