Australian Property Markets News

To accompany the release of the latest Property Council of Australia Office Market Report, CBRE's Office Leasing experts share their insights into the key trends emerging in Australia's major office markets. Tom Broderick, CBRE Head of Office & Capital Markets Research, Australia said: “We expect that national vacancy will peak in 2025 and begin to decline. The supply outlook has declined due to feasibility issues from high construction costs and interest rates. However, there will be above average supply delivered in 2025 in markets like Brisbane and Canberra." Tim Courtnall Rachel Vincent, GAICD Ashley Buller Coen Riddle Tania Moore Andrew Bahr James Phelan Troy Markos Mark Martin Michael Darcy https://lnkd.in/g5kb5GCG #CBRE #OfficeLeasing #Insights #Office #PropertyNews

JLL has appointed highly regarded industrial real estate expert, Nathan Bingham to the position of Head of Occupier Services – Logistics and Industrial, Australia. Mr Bingham brings to JLL more than 20 years’ experience in the industrial property sector having garnered acclaim for his performance and innovation through multiple awards and honours that include rankings in the Australian Financial Review’s Fast 100 and Telstra Business of the Year awards. Peter Blade (JP), JLL National Head of Logistics and Industrial said: “We are delighted to welcome Nathan to this pivotal role. His proven excellence and extensive background in industrial real estate across the APAC region, particularly in Melbourne’s key industrial markets – including 10 years in Melbourne’s western industrial heartland – make him an invaluable addition to our team.” Matthew Lee https://lnkd.in/eZ8K4wiP #JLL #Logistics #Industrial #Appointment #PropertyNews

An exciting co-living asset in the heart of Sydney’s inner city has come to market, providing a rare completed residential building in a market starved of stock. Offering a diverse income stream with 64 studio apartments and one retail shop below, the property at 187-191 Parramatta Road in Camperdown has a valuable rooftop billboard income and strong positioning in a key part of Sydney. The property is exclusively listed with the Colliers team of James Cowan and Jack McGregor, in conjunction with Paul Di Mauro of Stone Commercial, with price expectations in the mid $20 millions. https://lnkd.in/gU6WQ7DB #Colliers #StoneCommercial #ForSale #Parramata #Syndney #PropertyNews

Brisbane will require close to 1.2 million square metres of new industrial floorspace over the next five years just to keep pace with population growth, a new CBRE report has shown. This will put increasing pressure on Brisbane’s limited supply of serviced, undeveloped industrial land, which has been shrinking over the past decade. CBRE’s new Brisbane Industrial & Logistics Land Supply report highlights that only 5% (653ha) of the total zoned industrial land in the Brisbane region is undeveloped and serviced. Charlotte Fordyce  Matthew Frazer-Ryan    https://lnkd.in/gviZU8UQ #CBRE #Report #Industrial #Logistics #LandSupply #Insights #PropertyNews

A rare opportunity has emerged to secure a prime corner property in one of Essendon’s most tightly held retail precincts. Currently home to Mind Alive, a beloved toy store operating since 1978, the property offers exceptional potential for occupation, investment, or redevelopment in a thriving suburban hub. Located at 9 Leake Street, Essendon, the site spans 328 sqm and features a 199 sqm single-story building with mezzanine, storage, and kitchen facilities. Its corner position delivers a prominent 10.2-meter frontage, onsite parking, and high visibility with approximately 28,000 vehicles passing daily along Mount Alexander Road. Savills Australia & New Zealand agents James Latos, Julian Heatherich, and Benson Zhou are managing the sale of the property. https://lnkd.in/gu4Yhvhd #Savills #MindAlive #ForSale #Essendon #MixedUse #RetailProperty #PropertyNews

Colliers, on behalf of Uniting, is pleased to present a unique opportunity to acquire a piece of Ballarat’s rich history with the sale of Reid’s Coffee Palace at 124-128 Lydiard Street North, Ballarat Central. This historic property, originally constructed as a coffee palace and accommodation during Ballarat’s gold rush, is now available for Expressions of Interest. Lauchlan Waddell, Colliers Senior Executive, said, “Reid’s Coffee Palace offers an unparalleled location in the heart of the Ballarat CBD, directly adjoining the Ballarat Train Station. The property’s variety of accommodation and commercial spaces makes this an exciting opportunity to be part of the next chapter in this stunning period building’s rich history.” Travis Keenan https://lnkd.in/gkEvpgHj #Colliers #ReidsCoffeePalace #BallaratCBD #RealEstate #ForSale #PropertyMarkets

A local owner occupier has snapped up a rare opportunity to acquire a freehold warehouse and office asset owned by Growthpoint Properties Australia (Growthpoint) in Melbourne’s East for $22 million.   The property has dual street frontages, a land area of 14,750 sqm and total building area of 8,089 sqm.   The off-market sale of the property at 3 Millenium Court, Knoxfield, was brokered in just 48 hours by CBRE’s David Aiello and Sasan Misaghian. Michael Green https://lnkd.in/gXnCdeW4 #CBRE #Growthpoint #FreeholdWarehouse #Office #Sold #PropertyNews

Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, and Realterm, an independent global investment manager, announced today the third acquisition of their transportation logistics real estate joint venture in Australia. The asset, 59 Glendenning Road, Glendenning, was acquired for $33M (AUD) on a nine-month sale and lease back from S&L Steel. The property features a 9,019-square meter freestanding industrial warehouse facility across a 20,234-square meter site. Toni Ryan Charlotte Brabant https://lnkd.in/gRKDgSG3 #PartnersGroup #Realterm #Acquisition #Investment #IndustrialWarehouse #PropertyNews

After almost 20 years of ownership, ASX-listed Garda Property Group (ASX: GDF) has listed Cairns Corporate Tower, the region’s premier commercial office building, for sale.   Located in the heart of Cairns’ CBD, at 15 Lake Street, Cairns Corporate Tower is the sole office building within the Garda portfolio which is now largely focused on ‘develop to own’ industrial. The sale of this asset will result in Garda positioning itself as a lowly geared ‘pure play’ industrial REIT. CBRE’s Danny Betros and Mark Witheriff are managing the marketing campaign for the sale. The Expressions of Interest Campaign closes on March 6, 2025. https://lnkd.in/gJDp6dBJ #CBRE #GardaPropertyGroup #CairnsCorporateTower #Cairns #ForSale #CommercialOfficeBuilding #PropertyNews

CBRE’s first The House View podcast for 2025 features Australia & New Zealand CEO Phil Rowland and Head of Research Sameer Chopra. In this quarterly podcast series, Phil and Sameer examine the opportunities, risks, and challenges in the Australian property sector. https://lnkd.in/gy363DA2 #CBRE #TheHouseView #Podcast #Insights #PropertyNews