Newsroom

Darwin’s commercial property market has remained buoyant on the back of the Northern Territory’s Gross State Product performing at three times the national average, the latest LJ Hooker Commercial Market Monitor shows.

One of the final large-scale development opportunities in the Moorebank East precinct is set to attract interest from developers who have been starved of opportunities in one of Australia’s premier last-mile logistics hubs.

A large corner site at Kilburn attracted 221 bids in a spirited auction before selling under the hammer for $3,520,500.

Demand for infill development sites in Sydney’s South-west remains strong with a 4051sqm site in Minto selling off-market for $6.3m in a deal secured by LJ Hooker Commercial Bankstown.

A 21,426sqm development site within one the Sunshine Coast’s key town centres has been brought to market through LJ Hooker Commercial Sunshine Coast.

Rents and values for industrial property will continue to rise in Toowoomba over 2025 according to LJ Hooker Commercial’s most recent Market Monitor.

Yields eased slightly in Sydney’s industrial corridor over 2024, but the markets have shown overall resilience against global pressures, according to LJ Hooker Commercial.

The adoption of video calls, digital signatures and other tech during Covid helped property managers and clients do business despite the global disruptions.

The prospect of multiple interest rate cuts in 2025 will drive further interest in the sub- $5m commercial property market over next year, reviving a tight transactional market.