Opinion

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

Updated Oct 17, 2024 – 2.03am, first published at Oct 16, 2024 – 4.34pm

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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.

Robert Harley is The Australian Financial Review's former property editor. Connect with Robert on Twitter. Email Robert at rob@rharley.com.au

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