QLD PROPERTY MARKET REVIEW
PHIL LEVESQUE from FAL PROPERTY GROUP
BRISBANE INDUSTRIAL MARKET REVIEW
Brisbane enters 2026 as one of Australia’s most balanced and tightly held industrial markets, supported by strong occupier demand, limited serviced land and a sharp improvement in absorption late in 2025.
Vacancy fell dramatically from around 5.2% to just under 3.9% in the final quarter of the year, marking the steepest quarterly tightening in roughly three years. The strongest gains came from the Southside and Western precincts, where demand in the 3,000–10,000 sqm range accelerated and quickly absorbed earlier supply-driven increases in availability.
Prime rents were largely stable through Q4 after several years of strong growth, with annual increases averaging around 3% to 4%. Submarkets with the tightest availability, particularly the Southside and Trade Coast, continued to outperform, supported by limited options for immediate occupation. Secondary rents followed a similar pattern, consolidating earlier gains as incentives stabilised.
Yields remained steady through late 2025. Prime yields held in the mid-5% range, while secondary yields sat in the mid-6% range, reflecting consistent depth of demand from both private and institutional capital. Pricing movements were minimal, signalling that the broader repricing cycle is well progressed and that confidence has returned to the market.
Outlook for 2026
Brisbane is positioned for another strong year. While a moderate uplift in speculative completions may create short-term fluctuations in certain size cohorts, overall vacancy is expected to remain low due to sustained demand and limited new land supply. Rental growth is likely to continue at a steady pace, supported by population growth, infrastructure investment and the city’s increasing role as a core East Coast logistics hub. Yields are expected to remain stable, with the potential for mild compression if capital inflows strengthen as anticipated.
“Vacancy tightening and sustained demand position Brisbane as one of Australia’s strongest industrial markets heading into 2026.”
Phil Levesque, FAL Property Group
FOR LEASE EXPOSURE + BIG POWER AVAILABLE ON BOUNDARY ROAD
739 Boundary Road, COOPERS PLAINS QLD
FOR LEASE - $594,080 p.a. Net + GST
• Main road position with excellent exposure
• Massive power supply, 2,000 amps
• Container height roller doors with high all-weather loading bay
• Large hardstand with wide driveways
• Fully fenced with ample on-site parking
This well-presented facility features a versatile warehouse, air-conditioned offices, and showroom space with prominent main road exposure, supported by an extensive power supply suitable for a range of industrial and manufacturing uses. Its location provides excellent connectivity to major arterial routes, including Beaudesert Road and the Ipswich Motorway.
FOR LEASE MODERN BRADMAN STREET CONCRETE TILT PANEL FACILITY
260 Bradman Street, ACACIA RIDGE QLD
• Modern office/warehouse w/ high internal clearance
• Quality office space & showroom
• Spacious truck turning area
• Hardstand for container setdown
• Ample onsite parking
• Available April
Rare opportunity to secure an industrial facility with excellent signage exposure and direct access to Beaudesert Road, Boundary Road and the Ipswich Motorway. The modern concrete tilt panel building offers corporate-grade office and amenities, multiple covered roller doors for all-weather loading, and a functional layout suited to a range of industrial users.
FOR LEASE - Contact Agent for Pricing FIND OUT MORE ABOUT THIS PROPERTY
Andrew 0488 018 998
FOR LEASE HIGH QUALITY OFFICE ACCOMMODATION WITH AMPLE PARKING
172 Evans Road, SALISBURY QLD
FOR LEASE - $191,400 p.a. Gross + GST
• 20 on-site car parks plus shared spaces
• Elevated corner position with main road signage
• Traffic lighted intersection with stop-go exposure
• Meeting rooms and open-plan areas with natural light
• On-site post office and nearby cafes, bus and train stations
• Additional 120sqm approx. available
The office space available is the entire top floor of a high-quality corporate office building, featuring a mix of meeting rooms, open-plan work areas, and a generous staff lunchroom. Positioned on a corner site with excellent main road exposure, the space offers convenient access to major arterial roads, public transport, and nearby amenities.
Waterford Road, WACOL QLD
LEASE - $486,000 p.a. Net + GST
• Hardstand 16,200sqm
• Fully fenced
• Excellent arterial connections
• Flexible sizes
• Power available, no other service
This property is well placed in central Wacol, with excellent arterial links to the Ipswich and Logan Motorways, as well as the Centenary Highway, making ideal for transport and logistics operators. This land is completely level and fully fenced.
Westgate Street, WACOL QLD FOR LEASE - $207,545 p.a. Net + GST
• 1,339sqm office / warehouse
• Air-conditioned two-level office
• Multiple container height roller door access to warehouse
• Large three phase power supply
• Fully fenced and secure site
• Freestanding
Strategically located just off Boundary Road with direct access to the Ipswich Motorway, this freestanding facility presents a rare opportunity within the tightly held Wacol industrial precinct.
The property delivers outstanding accessibility, operational efficiency and flexibility for a broad range of industrial occupiers.
FOR LEASE FACILITY WITH 630AMP THREE-PHASE POWER
230 Robinson Road, GEEBUNG QLD FOR LEASE - $184/sqm Net + GST
• 1,435sqm* high-clearance warehouse + 168sqm* two-level office
• Total building area 1,603sqm* on 2,000sqm* land
• Multiple container-height roller doors
• 630Amp three-phase power
• Fully fenced and secure
Prime industrial facility positioned in the heart of Geebung’s tightly held industrial precinct, the property offers excellent functionality, exposure, and connectivity and ideal for a wide range of industrial users. It features a large hardstand with excellent truck access and manoeuvrability, as well as dual street access for ease of logistics.
FOR LEASE MODERN TWO-LEVEL CORPORATE OFFICE
29 Breene Place, MORNINGSIDE QLD
FOR LEASE - $275/sqm Gross + GST
• 655sqm total floor area over two levels
• High-quality commercial-grade office fit-out
• Functional open-plan design with glass partitions
• Kitchenette and toilet amenities
• Ducted air-conditioning with excellent natural light
• Ample on-site parking and easy street access
Modern corporate office facility in one of Brisbane’s most connected and tightly held inner-east precincts. Located just 20 minutes from the Brisbane CBD, the property offers seamless access to the Gateway Motorway, Port of Brisbane, and Brisbane Airport, providing excellent connectivity for staff and clients.
VIC PROPERTY MARKET REVIEW
MATT O’DEA from FACEY PROPERTY
VIC MARKET REVIEW
Q1 of 2026 has provided an eventful period for the Victorian team with strong activity in sales. Key highlights have included commercial investment sales and land sales.
The investment appetite has been interesting, with our expressions of interest method being most favoured by vendors. Quality investment opportunities are well sought after with private investors looking to deploy capital into both retail and non-retail assets. Location, future upside, and tenant quality are all priorities for buyers. There has also been a fundamental shift in buyer activity driven by the fast growing ‘buyer advocate’ sector. This has driven a higher level of cross border activity, being very relevant to our ICP model.
Yields are holding firm at 5 to 5.5% despite there being plenty of noise chasing 6% for some time. On the ground, I can’t recall the last time we sold something at 6% or greater. It will be interesting to see if yields soften any further in the next quarter or two with changes to interest rates.
The leasing activity has been more restrained. Confidence to move forward with lease commitments is being tested by uncertainty around economic factors both home and abroad. Time on market has lengthened as has supply. Tenant retention is highly desirable where possible.
On a positive note, there has been a shift in momentum in the industrial land market. A correction in pricing along with some increased developer activity has seen some renewed confidence in the sector. An important change with long term flow on effects for our industry and market.
“Yields are holding firm at 5 to 5.5%, despite ongoing market noise suggesting softer levels.”
Matt O’Dea, Facey Property
FOR LEASE VERSATILE OFFICE, WAREHOUSE & YARD
18 Cahill Street, DANDENONG SOUTH VIC
$135,000
• 100m² single level office
• 850m² factory with 2 roller doors
• 1,000m² rear concrete yard
A rare Industrial two leasing opportunity offering expansive hardstand, dual roller door access and excellent connectivity just moments from Eastlink.
Positioned on a substantial 2,500m² site, the property provides an 850m² factory with rear yard and wide side driveway supporting efficient vehicle movement and operations. Secure front parking and functional office accommodation complete the offering.
Located just off Hammond Road in Dandenong’s established industrial precinct, the property offers outstanding access across Melbourne’s southeast and will be available for lease from April 2026.
FOR SALE OR LEASE
PRIME CORNER INDUSTRIAL FACILITY WITH HOLDING INCOME
134 Derrimut Drive, DERRIMUT, VIC
Contact Agent for Pricing
• Vacant Possession
• For Sale or Lease
• Ideal location
An outstanding opportunity to secure a versatile industrial facility in the tightly held Derrimut precinct. The property comprises a 795m² building including first floor office, positioned on a 1,200m² landholding with high clearance warehousing and container height roller door access.
Key features include three phase power, excellent truck access and a flexible monthly tenancy providing holding income. Strategically located near Boundary Road, the Western Freeway and Deer Park Bypass, the property offers strong connectivity across Melbourne’s western industrial corridor.
FIND OUT MORE ABOUT THIS PROPERTY
Adam Martin 0409 357 352
adam.martin@faceyproperty.com.au
Adam Strachan 0499 419 890
adam.strachan@faceyproperty.com.au
FOR
OFFICE WAREHOUSE WITH PRINCES HIGHWAY EXPOSURE
161 Princes Highway, HALLAM VIC
$221,600
• 1385m2 of prime industrial space
• High level of finishes
• Brilliant access for trucks at rear
• 29 on-title car parks
• Minutes to M1
This high quality office warehouse is prominently positioned on Princes Highway, offering strong exposure and connectivity to Melbourne’s key transport networks.
FIND OUT MORE ABOUT THIS PROPERTY
The property comprises 1,385m² including a 588m² two level office showroom with quality finishes and air conditioning, plus a 797m² high clearance warehouse with container height roller door. A total of 29 on title car parks support staff and visitors. CONTACT
Mark Bond 0419 386 882
mark.bond@faceyproperty.com.au
Tara Sterling 0447 877 910
tara.sterling@faceyproperty.com.au
79 Star Crescent, HALLAM VIC
$335,200
• Brand new office/warehouse
• Fantastic renovation delivering 2,095m²
• Circa 1,845m² warehouse
• Yard area approximately 1,504m²
• Circa 250m² single level office
• 31 car parks on site
Brand new 2,095m² office warehouse completed on a 4,401m² site, delivering modern functionality and scale. The facility includes a 250m² single level office and 1,845m² high clearance warehouse with three roller doors and canopies. A generous 1,504m² yard supports loading and vehicle movement. Delivered by Becon Constructions in a prime industrial precinct with excellent accessibility.
FIND OUT MORE ABOUT THIS PROPERTY
• Permits for 4,451m2 building
• Access to 400Kva
• Connected to fire sprinkler system
Newly created and titled 8,863m² allotment in Dandenong South offering outstanding infrastructure and development potential.
The site includes 400kVA power, access to a new generation sprinkler system and full fencing, primed for immediate development. Permitted plans allow for a 4,511m² facility comprising 3,886m² warehouse, 611m² office and 843m² canopy, or purchasers may design and construct to suit their requirements. Positioned within a well connected industrial precinct with strong access to major arterials and Melbourne’s key freight networks.
FOR SALE BUILD WITH CONFIDENCE. GROW WITHOUT LIMITS
Kaduna Business Park, 295 Cardinia Road, OFFICER SOUTH VIC
Refer to link in FIND OUT MORE for pricing
• Limited Release of Industrial Land
• Stage 4 Selling Now
Facey Property present a limited release of industrial land at Kaduna Business Park Stage 4. Located within a state significant employment precinct, this opportunity allows owner occupiers, developers and investors to secure land in Melbourne’s rapidly growing south east corridor.
Eight fully serviced lots ranging from 1,800m² to 11,540m² are available via private negotiation with flexible settlement options available now. The estate offers excellent connectivity to the Princes Freeway, Princes Highway and the future Thompsons Road extension.
Various size parcels CONTACT
Adam Strachan 0499 419 890
adam.strachan@faceyproperty.com.au
Mark Bond 0419 386 882
mark.bond@faceyproperty.com.au
NSW PROPERTY MARKET REVIEW
MARK CADMAN FROM LINK PROPERTY SERVICES
NSW MARKET REVIEW
Sydney’s industrial market in Q1 2026 is transitioning from tightness to a more balanced environment.
Vacancy has risen to around 3% following elevated supply in 2025, though it remains below long-term averages. While completions of new facilities were strong, the forward pipeline is tightening due to high construction costs and limited serviced land, underpinning medium-term rental growth.
Leasing demand has softened as occupiers shift from expansion to optimisation. However, fundamentals such as e-commerce, logistics, and population growth in Western Sydney remain supportive. Rents have remained relatively stable, although incentives have increased in some markets to encourage tenants to secure space. Inner and southern Sydney precincts remain tightly held, while some outer western Sydney markets are experiencing rising vacancy due to new supply.
Sales activity has remained resilient, with owner-occupiers in particular continuing to be active. Private investors and institutions are still targeting prime, well-located assets, attracted by stable income and long-term growth prospects. Yields have largely stabilised following softening in 2023 and 2024, although increased funding costs resulting from higher interest rates may place upward pressure on yields.
Owner-occupiers remain a key buyer group, particularly for smaller assets, driven by limited availability and a desire to hedge against high rental costs.
Global volatility is likely to impact industrial real estate over the coming months. What remains uncertain at this stage is the extent of that impact.
“Despite rising vacancy, constrained supply and limited serviced land are expected to support medium term rental growth..”
Mark
Cadman, Link Property Services
FOR SALE BRAND NEW MODERN INDUSTRIAL UNITS
Lot 100 Macaranga Street, Austral NSW
• Brand new units
• 7.7 m clearance
• Q3 completion
Positioned within the rapidly expanding South Western Sydney growth corridor, this development offers a prime opportunity to secure modern industrial space with excellent connectivity to the M7 and M5 Motorways and nearby intermodal transport nodes. Comprising 14 well designed units ranging from approximately 194 sqm to 242 sqm, each includes quality ground floor amenities and a mezzanine level suitable for office or additional workspace. With clearance heights up to 7.7 metres, wide roller door access and ample on site parking, completion is anticipated in Q3 2026.
20 Kelso Crescent, Moorebank NSW
• Short term lease available
• Immediate start
• Level & regular in shape
Located in Sydney’s South West, Moorebank is a core industrial and logistics precinct in the Sydney industrial market. The property is approximately 30 kilometres to Port Botany, 1km to M5 Motorway, 1km to Moorebank Intermodal, 4km to M5/M7 Motorway Interchange and 24km to Eastern Creek industrial area & M4 Motorway.
FOR LEASE CUTTING-EDGE OFFICE
AND SHOWROOW
Unit 25, 30-32 Beaconsfield Street, Alexandria NSW
From $300/sqm net p.a.
• Brand new showroom / office
• Polished concrete floors
• Ground & first floor with lift
Secure a premium office and showroom opportunity in the heart of Alexandria’s vibrant creative precinct.
This immaculate, light filled space features a sought after north facing aspect and spans 1,509 sqm across two levels with lift access. Polished concrete floors, modern bathrooms and quality amenities create a stylish and functional environment. Located moments from Green Square Station, The Grounds of Alexandria and Sydney Corporate Park, the property also offers excellent access to Sydney Airport, Port Botany and WestConnex. Includes 10 undercover car bays.
Artie Kalpidis 0403 383 333
artie.kalpidis@linkps.com.au
Chris Sully 0439 383 444
chris.sully@linkps.com.au
FOR LEASE RARE CROSS DOCK FACILITY
53 Britton Street, Smithfield NSW
Price on Application
• Modern cross dock facility
• Substantial awning
• Close to major arterial roads
Located in Smithfield, approximately 25 km west of the Sydney CBD and 10 km from Parramatta, this property offers outstanding access to major arterial roads including Cumberland Highway, Great Western Highway, the M4 and M7 Motorways, and The Horsley Drive.
The 13,484 sqm cross docking facility sits on a substantial 36,830 sqm site and includes a well presented single level office, extensive awning areas, gatehouse and large concrete hardstand. This rare distribution facility provides excellent truck access, manoeuvring space and functional warehouse accommodation.
FIND OUT MORE ABOUT THIS PROPERTY
Mark Cadman
0458 383 383
mark.cadman@linkps.com.au
Matthew Herrett 0457 383 383
matthew.herrett@linkps.com.au
FOR SALE INDUSTRIAL INVESTMENT WITH MULTINATIONAL COVENANT
35A Heathcote Road, Moorebank NSW
Price on Application
• Modern freestanding warehouse
• Corporate style office / showroom
• High power supply
35A Heathcote Road, Moorebank presents a rare opportunity to acquire a modern freestanding industrial facility within one of Sydney’s premier industrial precincts.
Strategically positioned with direct access to Heathcote Road, the property offers excellent connectivity to the M5 Motorway and Hume Highway. The facility provides approximately 4,006 sqm of showroom, office and warehouse space on a 6,853 sqm landholding. Securely leased to a multinational tenant until March 2030, the property delivers a strong passing net income of $872,807.25 per annum plus GST.
FIND OUT MORE ABOUT THIS PROPERTY
Michael Mileto 0410 697 393
michael.mileto@linkps.com.au
Paul Mileto 0406 535 569
paul.mileto@linkps.com.au
FOR SALE HIGH EXPOSURE DEVELOPMENT SITE
Lot 5, 25 Digitaria Drive, Gregory Hills NSW
EOI Closing 9 April 2026 at 4pm
• 9,704sqm total area
• B5 (Business Development) Zoning
• 113m frontage off The Hermitage Way
Positioned on the corner of Digitaria Drive and The Hermitage Way in Gledswood Hills, this prominent 9,704 sqm B5 zoned site offers exceptional exposure within the thriving Gregory Hills business precinct.
Located directly opposite The George Centre private hospital and surrounded by national retailers and established residential communities, the property provides approximately 113 metres of frontage and strong daily traffic. With excellent access to Camden Valley Way, Narellan Road, the Hume Motorway and The Northern Road, this fully serviced site presents outstanding development potential (STCA).
Michael Mileto 0410 697 393
michael.mileto@linkps.com.au
Paul Mileto 0406 535 569
paul.mileto@linkps.com.au
FOR SALE FULLY SERVICED LAND - AUSTRAL
140 Gurner Road, Austral NSW
CONTACT AGENT
PRICING
• Lots from 2,564sqm to 15,632sqm
• All lots are fully serviced
• Limited lots available
140 Gurner Avenue, Austral, offers a range of essential features, making it a prime location for development. All lots are equipped with power, water, sewer, stormwater, and NBN connectivity, ensuring seamless infrastructure for various business needs. Zoned as IN2 Light Industrial, the site provides flexibility for a variety of industrial and commercial uses. With multiple future development options available, this property presents a valuable opportunity for investors and businesses looking to establish or expand their operations in a well-serviced and strategically located area. LAND AREA
Lots from 2,564sqm to 15,632sqm
Michael Mileto 0410 697 393
michael.mileto@linkps.com.au
Paul Mileto 0406 535 569
paul.mileto@linkps.com.au
FOR LEASE IDEAL CORPORATE HEADQUARTERS
Unit 2, 126-136 Bourke Road Alexandria NSW
• Warehouse clearance up to 7.6m
• Large external loading areas
• 18 allocated carparks
First time offered in a decade, this well-appointed Alexandria industrial unit offers an ideal corporate headquarters with office/ showroom frontage to Doody Street. Positioned across from Sydney Corporate Park and close to The Grounds, WestConnex and Green Square Station, the property features 7.6m warehouse clearance, 5.5m roller door with awning, large loading area, 18 on-grade car parks (some undercover) and abundant natural light. One of only four units in the estate, each enjoys generous loading and parking facilities.
Chris Sully 0439 383 444
chris.sully@linkps.com.au
Artie Kalpidis 0403 383 333
artie.kalpidis@linkps.com.au
FOR LEASE
FREESTANDING OFFICE / WAREHOUSE
8-10 Gerald Street, MARRICKVILLE NSW
CONTACT AGENT FOR PRICING
• Areas from 1,419 - 4,087 sqm
• Modern office space
• High clearance warehouse
• Short walk to train station
This freestanding office/warehouse is 400 m from Sydenham Station, close to Sydney Airport and Port Botany. The mezzaninelevel office is fully carpeted, air-conditioned, and includes first-floor amenities, kitchen, and an executive office with adjoining bathroom and shower. The high-clearance warehouse offers three container-height roller shutters, largely clear-span space, and separate ground-floor amenities. Secure, gated parking is provided for 22 cars, most undercover. A modern, versatile facility in a strategic location ideal for warehousing, distribution, or corporate use.
FIND OUT MORE ABOUT THIS PROPERTY
BUILDING AREA
1,419 - 4087 sqm
Chris Sully 0439 383 444
chris.sully@linkps.com.au
Artie Kalpidis 0403 383 333
artie.kalpidis@linkps.com.au
