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July 31.2025

2 Minutes Read

Knoxfield Auction Success: What This Means for Melbourne’s Industrial Real Estate Market

Modern industrial real estate Knoxfield with marked boundaries.

Knoxfield's Industrial Boom: A Game-Changer for Investors

In a remarkable display of market enthusiasm, an industrial property in Knoxfield has achieved a sales result swiftly, surpassing the vendor's reserve by an impressive 33%. The property, which sold for $811,000 after just three days on the market, underscores the ongoing demand for industrial real estate in Melbourne’s eastern suburbs. Through a high-energy boardroom auction, which saw nine bidders engaged in a notable 52 bids, this sale is a testament to the potential profitability in the sector.

Why the Interest in Industrial Properties?

According to Caleb Marchbank, an executive at Jones Real Estate, there is significant demand for warehouses priced under $1 million in Melbourne’s southeast. This trend is attracting not only investors but also owner-occupiers seeking strategic locations for their businesses. A key driver of this interest is the favorable returns—this Knoxfield property was offered as a tenanted investment, generating an annual income of $34,611.20, plus GST and outgoings.

Market Dynamics: What’s Driving This Surge?

The swift sale illustrates the heightened interest in commercial assets that are both affordable and strategically located. The property's proximity to key roads and highways provides excellent connectivity, making it appealing to businesses that rely on logistics.

The Strength of Local Agents

The successful auction reflects the growing prowess of Jones Real Estate's team, particularly new recruits like Marchbank and Mimi Hoang. Incorporating fresh talent into established firms can rejuvenate strategies and open new avenues for success. Their combined effort has resulted in remarkable sales outcomes, indicating a trust-based relationship with buyers in the industrial market.

Implications for Future Investment

The Knoxfield auction serves as an insight into broader market trends, also applicable to consumers considering properties in Newcastle. As the real estate landscape evolves, potential buyers should observe similar characteristics in properties available in the Newcastle property market. Understanding regional dynamics and demand patterns can equip investors with valuable insights, facilitating informed decisions.

Potential buyers and investors in Newcastle can draw parallels from Knoxfield's dramatic auction outcomes. By staying updated on market trends and seeking advice from local real estate agents, informed decisions can be made. Whether contemplating investment in commercial property or looking for a new home, recognizing these patterns can lead to better outcomes in your real estate endeavors.

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Knoxfield Auction Success: What This Means for Melbourne’s Industrial Real Estate Market

Knoxfield's Industrial Boom: A Game-Changer for Investors

Why the Interest in Industrial Properties?

Market Dynamics: What’s Driving This Surge?

The Strength of Local Agents

Implications for Future Investment

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