Northern Corridor Market Drivers
FY 2025
POPULATION GROWTH
We have double the population of Rockhampton projected to move to the Northern Corridor over the next two decades, which makes this area one of the most significant residential growth corridors in Australia. The investment in infrastructure and the positioning of businesses to capitalise on this workforce and customer base is already noticeable and will continue to drive investment in the coming year.
LAND SUPPLY CONSTRAINTS
The next five years in particular will see further tightening of what is already a chronic supply shortage of industrial land in the region. Vacant industrial rates have increased from $285m2 in 2020 to over $550m2 in 2024. There is now no remaining land earmarked for General Industry subdivision between Caboolture and Brisbane and a recent needs analysis identified that the Sunshine Coast was almost 400ha of a “healthy” future supply pipeline.
CONSTRUCTION COSTS
Construction prices have been a major source of the CPI issues that drove the interest rate hikes of 2023. There has been a perfect storm of international conflict, labour shortages, fuel, materials and competing infrastructure projects impacting all facets of commercial construction. The South East Queensland market has been impacted more than most areas due to the Olympic infrastructure pipeline of projects that has taken tier 1 builders out of the private industrial construction pool. This, combined with the land supply constraints, will likely see continued upward pressure on finished product costs for new industrial buildings.
AFFORDABLE HOUSING & LABOUR
Industrial businesses across the country are struggling to access the necessary skilled labour. With housing affordability and cost of commuting being the two factors that dictate workforce location the Northern Corridor is positioned to provide rapid relief to this pent up demand. Caboolture West alone has the potential to supply close to 40,000 new homes, spurred on by the Government’s Affordable Housing mandate. This is proving doubly attractive for businesses in the trade services and building supply industries, who want to position themselves to servicing the demand from the same residential construction projects that this new labour force will call home.
Recent Transactions
SOLD $4,000,000
526
• 2,071m2 warehouse on 3,424m2 allotment
• Rare high exposure site on a significant thoroughfare
• Building is well maintained and is equipped for food manufacturing with limited options on the Sunshine Coast
• Two high performing tenants provides less risk and future flexibility
Michael 0488 981 076 | Samuel 0423 795 273
SOLD $702,000
312/1 VILLAGE CENTRE WAY, FOREST GLEN
• 117m2 office
• Air conditioning
• Cold shell - ability to custom design fit out
• Brand new multi-million dollar development
• The project has delivered more than 2,000m2 of retail including an IGA Supermarket, and a 2,500m2 health precinct
Samuel 0423 795 273 | Charlee 0431 135 900
SOLD $3,525,000
506
• Nett $194,359.63* per annum
• 4,000m2* high exposure allotment
• 1,395m2* warehouse plus 100m2* mezzanine
• Securely fenced site with usable concrete hardstand
• 5 year lease term expiring 31/07/2025
• 2 x 5 year options with market reviews
Michael 0488 981 076 | Samuel 0423 795 273
SOLD $726,500
6/13-15 PACKER ROAD, BARINGA
• 218m2 warehouse (160m2* ground floor + 58m2 mezzanine)
• NBN on site
• High clearance electric roller door
• Good street access
• Internal amenities
• LED high bay lighting
• Quality tilt slab construction
Samuel 0423 795 273 | Charlee 0431 135 900
MAROOCHYDORE ROAD, KUNDA PARK
MAROOCHYDORE ROAD, KUNDA PARK
LEASED $87,110 + OUTS + GST
• Unit 1: 562m2 including 142m2 mezzanine
• Unit 2: 562m2 including 142m2 mezzanine
• Air conditioned office fitout
• Total complex 1,124m2*
• 16 car parks in complex
• NBN and staff facilities
• High quality tilt slab construction
• Only one neighbour in complex
Samuel 0423 795 273 | David 0481 996 794
• Sizes from 163m2* - 343m2*
• High exposure corner location with branding opportunities
• Internal amenities for staff
• High clearance roller doors
• 15 on-site car parks
• Highly accessible driveway
• Fast NBN connectivity
Samuel 0423 795 273 | Charlee 0431 135 900
LEASED $495,000 + OUTS + GST
• Showroom opportunities between 773m2*1,226m2*.
• High exposure and brand opportunities
• Office/staff facilities
• Internal amenities
• High-speed NBN
• 44 on-site car parks
• High roller door
Samuel 0423 795 273 | Michael 0488 981 076
LEASED $17,500 + OUTS + GST
• Total area: 62m2*
• Frontage to Nicklin Way
• Office in high profile location
• Exceptional exposure for signage
• Affordable outgoings with owner covering body corporate levies
• Close proximity to Sunshine Motorway & national retail operators
Charlee Livesey | 0431 135 900
2/4 ABELES STREET, BARINGA
1/1 CARNEGIE STREET, BARINGA
3 & 4/7-13 CARNEGIE STREET, BARINGA
14/21 NICKLIN WAY, BUDDINA
