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Hot Property: Build it and they will come

The proposed M9 motorway (the outer Sydney orbital) would see a huge increase in activity and values across the various industrial markets it is identified to service.

The construction of the various motorway networks throughout western Sydney over the past 20 years has consistently reflected an increase in demand and hence values of industrially-zoned land.

The first real indication of the need for large businesses in western Sydney to be located within easy reach of a motorway was in the early 1990s just prior to the opening of the final stage of the M4 Motorway – “the missing link” , connecting Mays Hilland Prospect in western Sydney.

The surrounding new industrial release areas of Arndell Park and Huntingwood suddenly became hugely popular transforming idle rural land into big lot industrial precincts that attracted large-scale industry from more expensive inner Sydney locations. One of the first corporates to relocate an operation to Arndell Park on the corner of Great Western Highway and Doonside Road was Brambles who, at the time, purchased a six-hectare site and developed it as a transport depot which is today occupied by Toll. The large lots in the Arndell Park precinct were trading at about $50 per square metre then, compared to $300- $350 per square metres in today’s market.

Read more: http://www.smh.com.au/business/property/hot-property-build-it-and-they-will-come-20141211-124vak.html#ixzz3MKMasqlz

 

DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.