Industrial GVA performance was strong across all industrial sectors to Q1 2018 resulting in 2.4% y-o-y growth.

Average industrial rents increased by 1.3% q-o-q driven by continued growth in Adelaide, Melbourne and Sydney.

Super prime yields in Sydney are the sharpest in the country at 5.08% followed by Melbourne at 5.25%, however, they remained unchanged in Q2 across all markets.

Secondary yields compressed by 25bps in Sydney and 10bps in Melbourne due to continued growth in land values.

Land values continued to grow with average prices per square metre for 1.6ha parcels up 5.8% y-o-y driven by strong growth in the Sydney, Brisbane and Melbourne markets.