Sentiment - Potential stronger market, remain cautious of secondary market Valuation - Becoming more expensive Industrial construction was at high levels in 2015, with around 950,000 sq m of new industrial property completed (primarily in the Western Region (51%), which is strongly supported with infrastructure nodes). Growth in industrial land values generally increased over the past six months, with the expectation of further increased land values in the Western Region. Spe

Sentiment - Improving market, increased supply of industrial land Valuation - Hardening yields, becoming more expensive The majority of new development is in Melbourne’s West and South-East, with around 518,000 m2 of new industrial premises due for completion in 2016 (64% pre-committed). Activity was strong from lower development costs. Primarily, the bulk of the new supply comprises distribution centres and refrigerated logistic facilities. A new business model ‘Click and Br