1. No category

Savills Research
Western Australia
Quarter Times
Perth Industrial
Q1/2015
Savills Research | Quarter Times
Quarter 1 2015
Key Market Indicators
Perth Core - Belmont, Canning Vale, Kewdale, Welshpool, Jandakot Airport excluding Osborne Park
Prime
Secondary
Low
High
Low
High
90
115
65
95
Yield - Market (%)
7.00
7.75
7.50
9.25
IRR (%)
9.00
10.00
9.25
10.50
20
35
15
25
1,100
1,600
700
1,200
Rental Net Face ($/sq m)
Outgoings - Total ($/sq m)
Capital Values ($/sq m)
Land Values 3,000 - 5,000 sq m ($/sq m)
400-550
Land Values 10,000 - 50,000 sq m ($/sq m)
350-450
Land Values 10 ha and above ($/sq m)
250-350
Source: Savills Research
Perth North - Balcatta, Joondalup, Malaga, Wangara, Landsdale, Bullsbrook
Prime
Secondary
Low
High
Low
High
85
105
65
90
Yield - Market (%)
7.25
8.50
7.50
9.25
IRR (%)
9.00
10.00
9.50
10.50
Outgoings - Total ($/sq m)
16
30
15
25
Capital Values ($/sq m)
950
1,500
700
1,200
Rental Net Face ($/sq m)
Land Values 3,000 - 5,000 sq m ($/sq m)
300-525
Land Values 10,000 - 50,000 sq m ($/sq m)
100-450
Land Values 10 ha and above ($/sq m)
50-350
Source: Savills Research
Perth South - Bibra Lake, Henderson, Jandakot, Kwinana, Myaree, Naval Base, O’Connor, Rockingham, Latitude32
Prime
Secondary
Low
High
Low
High
75
100
60
85
Yield - Market (%)
7.50
9.00
8.00
10.00
IRR (%)
9.25
10.50
10.00
11.25
Outgoings - Total ($/sq m)
16
30
15
25
Capital Values ($/sq m)
800
1,350
600
1,000
Rental Net Face ($/sq m)
Land Values 3,000 - 5,000 sq m ($/sq m)
175-525
Land Values 10,000 - 50,000 sq m ($/sq m)
150-350
Land Values 10 ha and above ($/sq m)
100-225
Source: Savills Research
savills.com.au/research
2
Savills Research | Quarter Times
Quarter 1 2015
Perth East - Armadale, Forrestdale, Forrestfield, Maddington, Hazelmere, Bayswater, Bassendean, South Guildford
Prime
Secondary
Low
High
Low
High
75
105
60
90
Yield - Market (%)
7.50
9.00
8.00
9.75
IRR (%)
9.50
11.00
10.00
11.25
Outgoings - Total ($/sq m)
16
30
15
25
Capital Values ($/sq m)
850
1,400
600
1,100
Rental Net Face ($/sq m)
Land Values 3,000 - 5,000 sq m ($/sq m)
180-500
Land Values 10,000 - 50,000 sq m ($/sq m)
140-325
Land Values 10 ha and above ($/sq m)
85-275
Source: Savills Research
Major Leasing Activity
Select Perth Industrial Leases
Date
Property
GLA
(sq m)
Rent
($/sq m)
Sep-14
17-21 Fargo Way, Welshpool
5,350
119
Jolly and Sons
Oct-14
6/290 Brand Hwy, Muchea
1,960
92
Lampson Australia
Oct-14
5 Abbott Rd, Perth Airport
5,633
125
Recall
Feb-15
Excellence Dve, Wangara
3,324
na
Undisclosed
Mar-15
159 Bushland Ridge, Bibra Lake
4,700
122
Undisclosed
Source: Savills Research
Tenant
na = not currently available
Select Perth Industrial Pre-Commitment Leases
Date
Property
GLA
(sq m)
Rent
($/sq m)
Dec-14
4 Spartan Rd, Jandakot Airport
26,200
na
Reece Australia
Jan-15
Pilatus Rd, Jandakot Airport
11,200
na
Undisclosed
Feb-15
Vale Rd, Hazelmere
20,000
na
Mainfreight
Feb-15
Vale Rd, Hazelmere
na
na
CEVA Logistics
Source: Savills Research
Tenant
na = not currently available
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3
Savills Research | Quarter Times
Quarter 1 2015
Major Sales Activity
Select Perth Industrial Sales
Date
Property
Price ($m)
GLA (sq m)
$/sq m
Yield (%)
Sep-14
2 Jones St, O’Connor
7.80
2,841
2,746
8.20
Oct-14
42-44 Lancaster Rd, Wangara
1.60
464
3,438
VP
Oct-14
7 Niche Pde, Wangara
1.31
720
1,815
VP
Nov-14
14 Juna Dr, Balaga
1.59
926
1,717
7.13
Nov-14
4 Uppill Pl, Wangara
1.38
830
1,657
5.82
Dec-14
239 Planet St, Welshpool
29.88
17,530
1,704
8.00
Jan-15
74 McCoy St, Myaree
11.50
3,608
3,187
7.25
Feb-15
1000 Abernethy Rd, Forrestfield
25.00
7,500
3,333
7.20
Feb-15
44-50 Great Northern Hwy, South Guildford
6.50
3,005
2,163
8.20
Price ($m)
Area (sq m)
$/sq m
Source: Savills Research
Select Perth Industrial Land Sales
Date
Property
Sep-14
111 Warren Rd, Bullsbrook
8.00
212,600
38
Oct-14
37 Lakes Rd, Hazelmere
19.00
67,100
283
Jan-15
13 Merino Entrance, Cockburn
3.47
3,664
946
Source: Savills Research
This information is general information only and is subject to change without notice. No representations or warranties of any nature whatsoever
are given, intended or implied. Savills will not be liable for any omissions or errors. Savills will not be liable, including for negligence, for any direct,
indirect, special, incidental or consequential losses or damages arising out of our in any way connected with use of any of this information. This
information does not form part of or constitute an offer or contract. You should rely on your own enquiries about the accuracy of any information
or materials. All images are only for illustrative purposes. This information must not be copied, reproduced or distributed without the prior written
consent of Savills. ©Savills 2015
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4
Savills Research | Quarter Times
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