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Ballarat Industrial Market Update January 2024

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We are pleased to share with you another Ballarat Industrial Market Report, which provides a comprehensive overview of recent sales and leasing activity and historical trends.

  • Yields remain robust at circa 6% with an increase in tenanted investment transactions in the second half of 2023.
  • Industrial land sales totalled less than 1 Hectare, the first time reporting started in 2017.
  • Leasing rates remain steady and incentives low despite increase of sub 500 square metre stock levels. 

Download the Ballarat Industrial Market Report or call one of our local experts to discuss further.


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Ballarat Industrial Market Update January 2024

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Related Experts

Lauchlan Waddell

Senior Executive | Sales & Leasing

Ballarat

Lauchlan is a Senior Executive within the Sales & Leasing team in Colliers Ballarat.

In his 7 years with Colliers, Lauchlan has established himself as a trusted expert in the Ballarat market, consistently exceeding his clients’ expectations and delivering exceptional results. His comprehensive knowledge of the industry, unwavering commitment to his clients’ success, and a knack for innovative deal-making make him a formidable force in this field. He is a dedicated and results-driven agent, with a proven track record of delivering exceptional value to his clients and achieving remarkable success.

In addition to his business acumen, Lauchlan maintains an extensive network and database of industry contacts, from property developers to finance experts, which enriches his ability to facilitate transactions and solve complex challenges. His adaptability to changing market conditions, coupled with his unwavering commitment to staying ahead of market trends and emerging technologies, guarantees that Lauchlan remains at the forefront of the industry.

Lauchlan is passionate about building long-lasting client relationships and delivering on their unique objectives. Whether your needs involve property acquisition, leasing, investment, or property disposition, Lauchlan is committed to applying his experience and expertise to exceed his clients’ expectations and achieve success.

 

Track Record

Lauchlan’s personal focus has been the Ballarat & Western Victorian office, industrial and retail sectors, with a particular emphasis on industrial developments.

 

Sales:

$12,770,000 - 602 Whitehorse Road, Mitcham

$3,730,000 - 9 & 11 Kennedys Drive, Delacombe

$3,125,000 - 9-19 Mair Street, Ballarat Central

$3,080,000 - 36 Grandlee Drive, Wendoureee

$2,600,000 - 2 Prest Street, Golden Point

$2,100,000 - 124 Yarrowee Street, Sebastopol

$1,785,000 - 1023 Howitt Street, Wendouree

 

Leases:

$325,000 - 36 Grandlee Drive, Wendouree

$245,000 - 3a Grandlee Drive, Wendouree

$188,000 - 2 Prest Street, Golden Point

$185,000 - 10 Kennedys Drive, Delacombe

$160,000 - 23 Grenville Street, Ballarat Central

$150,000 - 417 Errard Street, Ballarat Central

$135,000 - 27-29 Ring Road, Alfredton

View expert

Emily VanGils

Senior Executive | Real Estate Management

Ballarat

Emily is an accomplished Senior Executive within our Commercial Real Estate Management team in Ballarat. With a distinguished track record over 16 years in the industry, Emily has extensive experience in overseeing and optimising the performance of a diverse portfolio of properties. Her comprehensive knowledge of property operations, tenant relations, budgeting, and legal compliance allows her to excel in creating and maintaining high-value commercial investments.

Emily has a proven ability to streamline property management processes, reduce operational costs, and enhance property values. Her deep understanding of laws and regulations ensures compliance and protects the interests of both property owners and tenants.

Emily thrives on delivering outstanding property management solutions and fostering long-term relationships with clients and tenants.

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