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Robert Harley

Goodbye Sydney: warehouse owners priced out of town

Transport and storage charges will flow on to the cost of living in Sydney, even to the cost of building a new home.

Robert HarleyContributor
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Australia’s logistics and warehouse operators are quietly abandoning Sydney for cheaper facilities in Melbourne and Brisbane.

“This is real,” says Stephen O’Connor, the project director at Barings Real Estate Australia, and a major investor in Sydney’s logistics real estate.

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Robert Harley is a former property editor of The Australian Financial Review. Connect with Robert on Twitter. Email Robert at rob@rharley.com.au
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    Original URL: https://www.afr.com/property/commercial/goodbye-sydney-warehouse-owners-priced-out-of-town-20241016-p5kiqj