Coolum Eco Industrial Park Development & Market Commentary MARKET SENTIMENT There is strong activity in the market leading into Christmas and this seems to be achieving fantastic results for owners. There have been a number of properties transact well over the $4,000/m2 mark and this seems to be the case for high quality existing stock on market. Land in the estate is also extremely sought after with 2,007m2 selling for $1,760,000 at 19 Dacmar Road. The site came with development approval for a freehold warehouse. Many are predicting a rate cut early in the new year and investment markets seem to be on a sugar high following the US election result. Headwinds to consider are the US/China trade tariffs (60%) having a ripple effect on our economy due to the affect this will have on China. Overall the market is producing strong results and this is likely to continue, especially with the prospect of interest rate cuts in the short term.
Fraser Martin
Cory Hoy
Sales & Leasing Executive
Sales & Leasing Executive
0423 273 438
0421 004 484
fraser.martin@raywhite.com
cory.hoy@raywhite.com
raywhitecommercialncg.com