QLD MARKET OVERVIEW
QUEENSLAND
QLD Market Overview with Knight Frank Blake Goddard & Matt Barker
I must say though, in the last couple of weeks, the sentiment has started to shift back to a more positive one. I think investors have realised that it’s not as bad as everyone thought it was going to be and deal flow needs to continue as clients look at portfolio optimisation. What are the asset classes that are receiving a lot of attention? (Blake) The industrial market has had a really strong run over the past eighteen months to two years, and it has been really exciting to see that sector grow from strength to strength, particularly in south-east Queensland where everyone has realised the logistics sector is incredibly important. That said, that market has slowed down recently due to the increase in the cost of debt from incredibly low yields; as such, investors are shifting their focus back towards office and retail. There seems to be a lot of Investor interest in assets of all sizes, from your $20-to-$50 million range, all the way up to larger assets valued at a couple hundred million. In the office sector, we’ve been seeing a lot of tenants upgrading to higher grade spaces. How has this affected the office market?
Blake Goddard and Matt Barker are a Directors in Knight Frank’s Brisbane office, where they specialise in the sale of office investments and critical development sites within the Brisbane fringe and CBD markets. Both providing a high sophistication and understanding of the economic drivers which influence property markets, financial valuations, marketing, and deal negotiation. This overview of the Queensland market is taken from an interview with Mr. Goddard and Mr. Barker, who recently sat down to talk Brisbane property with Ready Media Group’s Rob Langton.
BLAKE GODDARD Director Knight Frank Brisbane
What are the key trends evident in Brisbane? (Blake) The Brisbane market over the last three-to-four months has experienced a little bit of a slowdown, which is probably more of a national theme off the back of an increase in interest rates, which is ultimately lifting the cost of debt for investors.
MATT BARKER Director of Investment Sales Knight Frank Brisbane
(Matt) This is seen as an exciting opportunity for both Landlords and
88 –Summer 2022/2023
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