The Western Suburbs has been the driver across this market, with smaller factories around 200-300m2 selling  around the $3000/m2 mark. The proximity to airports, freight and dockyards and the Ring Roads have been major factors in the success of the industrial markets in the Western Suburbs together with the supply of available industrial zoned land.

There is a lot of foreign capital moving into industrial property and yields in certain types of property have been as low as 5% The logistic industry has been another driver of this market and in the south east we have seen industrial land values rise from $250/m2 not that long ago to $500- $600/m2 today depending on size of land and location.

Rents have not moved greatly and are currently around $80/m2 again depending on size, location and age of the premise.