BIBRA Lake is emerging as one of WA’s industrial hot spots according to Colliers Jardine industrial sales negotiator Roco Demaio.
Figures from the Valuer General’s Office showed in the seven years to December 1998 land values in Bibra Lake increased by over 200 per cent and more than doubled between December 1996 and December 1998.
Ministry for Planning data from the 1997 land use survey show Bibra Lake was, with Canning Vale, the most popular location for industrial users requiring buildings of over 10,000 square metres.
Valuer General’s Office figures show prices for land vary from $40 per square metre for 10,000 square metre sites to $70 per square metre for sites of 2,000 square metres.
Mr Demaio said the figures showed rents had remained fairly stable over the past five years, although warehouse rents increased 12.5 per cent in the year to 1 December 1999.
According to Mr Demaio, this was double the average growth for the metropolitan area.
He said the completion of the Roe Highway between the Kwinana Freeway and the Fremantle Eastern Bypass as part of Transform WA would greatly improve transport links between Bibra Lake and areas such as Canning Vale and Welshpool-Kewdale.
This would most likely increase the focus on Bibra Lake as a transport and distribution centre, he said.
