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Aboutusgeneric_1 Santa and Constable Vanessa Port (L-R) Lauren-Jade, Lucy and Marc Atkinson Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup Aboutusgenericimage_3 Vin Hamilton Sean Joseph Challis Rivah and AJ Conway-James fifo Zoe with Santa Jemma and Mila Smith dragline Aboutusgeneric_2 (L-R) Amelia, Mackenzie , Abby and Cassie
Aboutusgeneric_1 Santa and Constable Vanessa Port (L-R) Lauren-Jade, Lucy and Marc Atkinson Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup Aboutusgenericimage_3 Vin Hamilton Sean Joseph Challis Rivah and AJ Conway-James fifo Zoe with Santa Jemma and Mila Smith dragline

Industrial shed outlook
Locals seizing the opportunity while passive investors look elsewhere
Wednesday 17 May 2017  

There has not been a single entry level investor active in the region's premier mining support hub in more than 12 months according to valuers Herron Todd White.

In their latest monthly report, HTW has looked at activity among investors buying entry level industrial property across Australia and found a continued oversupply and a lack of confidence is continuing to put buyers off Central Queensland.

Most notably, in the Mackay suburb of Paget, there have been just two investments made by passive non-owner-occupier investors.

“We have only seen two genuine investment sales in the past year which range from $5 million to $10 million for large industrial properties with long unexpired lease terms to good quality tenants,” HTW said.

“Owner-occupiers have been active over the past year in Paget mostly within the $900,000 to $1.6 million range, taking advantage of low-interest rates and weak market conditions to break into the market.

"However these sales demonstrate a significant downward correction.

“There have been no sales of entry level passive investments in Paget over the past year.

“The lowest sale in Paget was a 147 square metre strata unit which sold for $160,000 ($1,088 per square metre) to an owner-occupier.”

If anything Gladstone is worse.

Passive investors have abandoned the town, although there is the occasional owner-occupier looking to buy a building rather than rent.

However, things are slightly better in Rockhampton

“Entry level industrial property in Rockhampton and Gracemere can be found from about $200,000 although few quality offerings are below $400,000,” HTW said.

“Tenanted investment properties have been quite keenly sought after by both local and non-local investors looking to make countercyclical investments in the hope of capital growth.

“While activity has been relatively strong in recent months, prices have remained relatively flat.”

 

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