Melbourne’s Market Update June 2019

June 27, 2019

Facey continues to thrive in Melbourne’s greater southeast, assisting SMB with identifying opportunities for growth. Finding these opportunities, such as an investment property, is often a challenge. However, our well-resourced team can help you identify, assess and purchase that next asset. Covering industrial, retail, office and showrooms in Melbourne’s premier growth corridor, the team at Facey can help you find what you are seeking.

Infrastructure continues to be the emphasis in Victoria’s south-east region, particularly major improvements of railway lines. The most recent level crossing removal was at Clyde Road in Berwick – one of the 75 level crossings the Victorian Government will be removing throughout Melbourne by 2025.

Such improvements are imperative to infrastructure and connectivity within the south-east, with greater accessibility enhancing the community’s value and increasing demand for land and property within the area. In industrial property the appetite is for large sites by Tenants and Occupier. With a reported 400,000m2 of space being currently sought the demand for industrial land has never been stronger in the West, North and South East. This has resulted in industrial property being the place to be for investors seeking these significant occupants.

Mark Bond 

Facey Industrial Commercial