Industrial land values up 60 per cent in a year
The biggest increases in land values have occurred in Melbourne’s south-east and western industrial precincts, according to real-estate firm JLL.
Source: afr.com
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Industrial landlords, property investors face land tax hike in NSW
Industrial landlords, property investors face land tax hike in NSW Share Residential investors and industrial property owners in Australia’s largest real estate market are set to pay more land tax next year due to surging property values in those sectors, said NSW Valuer General Dr David Parker. Dr David Parker, Valuer General NSW, says official property value increases are likely for the residential and industrial sectors. But Dr Parker had good news for owners of five-star hotels, serviced apartments and regional shopping centres, saying valuation increases were unlikely. “From what I...
Source: afr.com