Snapshot of Rutherford’s Industrial Market

With the official cash rate set to increase for the 11th time, the supply of available industrial assets for sale or lease in the Maitland LGA is limited. Nevertheless, there is some activity in the land sales and development sector, as the last land release around Anambah has broken ground. Owner-operator lots are mostly occupied, while investment/development stock is in various stages of construction.

Over the next 12 months, a variety of industrial properties will become available, ranging from 44 sqm boutique units to 150-300 sqm professional units and warehouses spanning 500-3000 sqm. Recent transactions indicate land sales between $350/sqm and $500/sqm, while completed projects have sold between $4,700/sqm for smaller units and $1890/sqm for larger warehouses.

Based on our analysis of investment transactions, the average return on investment remains at 7%. However, A-grade products have sold at lower yields, ranging from 5-6% over the past year.

Recent Rutherford industrial sales

These recent sales demonstrate the movement in the Rutherford industrial market. Yields continue to be consistent, demonstrating that there are still opportunities available to be found.

Land sales


Size Sale Date Price Rate/sqm
10 Mustang Drive, Rutherford 1.43Ha* July 2022 $5,120,000 $358/sqm
6 Sabre close, Rutherford 5,412sqm* August 2022 $2,062,500 $381.09/sqm
42 Spitfire Place, Rutherford 2,519sqm* February 2023 $1,056,000 $419/sqm
49 Spitfire Place, Rutherford 1,897sqm* July 2022 $825,000 $434.90/sqm



Size Sale Date Price Rate/sqm
1/40 Bradmill Av, Rutherford 309sqm* Jan 2022 $690,000 $3,569/sqm
Unit 1, 37 Shipley Drive, Rutherford 160sqm* April 2022 $571,000 $2,233/sqm
3B/387 New England Highway, Rutherford 559sqm* February 2022 $1,300,000 $2,325/sqm
11 Bradmill Avenue, Rutherford 1,455sqm* July 2022 $2,750,000 $1,890/sqm

Investment sales


Size Sale Date Rent Price + GST Yield
59 racecourse Road, Rutherford 2,564sqm* December 2022 $220,000 $3,600,000 6%
31 Hinkler Avenue, Rutherford 200sqm Feb 2023 $100,000 $1,585,000 6%


If you have any questions or need advice, please don't hesitate to contact our office.