Australian Property Markets News

The largest industrial land and wharf for sale on the Eastern Seaboard, offering over 57ha of industrial land and over 1km of river frontage with wharf access, has hit the market through Colliers, and is expected to attract extreme market interest. In November 2024, Incitec Pivot Limited (IPL) announced plans to sell its Gibson Island site at Murarrie in Brisbane, after previously ceasing manufacturing at the site in January 2023. Later this year, IPL will be relocating its Gibson Island primary distribution centre to a new facility at the Port of Brisbane. The Colliers team of Simon Beirne, Rob Joyes, Peter Evans and James Wilkie are now seeking international expressions of interest for this unprecedented 57.94ha development site, located on Gibson Island only 10kms from the CBD with direct access to the Port of Brisbane. https://lnkd.in/e5zXJYuM #ColliersInternational #IndustrialSite #ForSale #PropertyNews

Melbourne’s shopping strip investment market bounced back strongly in the closing months of 2024, and is set for a bigger year in 2025 as Australia nears an interest rate cutting cycle and more investors become more active, according Fitzroys’ Melbourne Shopping Strip Investment Market Update. The recent flurry of activity culminated in a record sale for Melbourne’s renowned Glenferrie Road, Malvern shopping strip. Fitzroys sold 222 Glenferrie Road for S3.2 million, at what is believed to be a record land rate for the strip of S16,667 per sqm. https://lnkd.in/esRrSGFB Mark Talbot #Fitzroys #MelbourneShoppingStrip #Investment #GlenferrieRoad #PropertyNews

When one door closed, another opened for a Victorian homebuyer after a dream to build a home in Ballarat was left in negotiations forcing the family to switch from one builder to another two years into their building journey.   Homeownership for many is a lifelong dream, but that often does not mean it’s always smooth sailing, an experience one married couple from Ballarat, Kasie (45) and Daren (48) Streeter can attest to after purchasing a block of land in 2019 and taking them until April of this year to finally move in with their two kids. After years of back and forth, and no clear signs of progress the Streeter family were then introduced to G.J. Gardner Homes in late 2023 and then within less than a year, they were moving into their custom-built home. Trent Gardner https://lnkd.in/gidfUgBQ #GJGardnerHomes #ResidentialProperty #HomeBuilding #PropertyNews

Savills Australia and New Zealand has expanded its Commercial Sales expertise with the appointment of Harry George as Director within the global agency’s New South Wales team, based in Sydney.   With over 15 years of experience in the Australian commercial property sector, Harry brings a wealth of transactional expertise in the marketing and sale of commercial office assets, strata amalgamations and development sites across Sydney’s key commercial markets. Harry will be focused on servicing Middle Markets clients across the major Sydney commercial office markets. Tim Grosmann https://lnkd.in/gyibQvsM #Savills #NewSouthWales #CommercialSales #PropertyNews

Tasmania’s most technologically advanced and sustainable retail centre, Glebe Hill Village, has been acquired from Tipalea Partners by a Charter Hall managed fund for $50.25m following a sales campaign managed by JLL. The centre which opened in 2022 is located in Howrah, 8 kilometres east of the Hobart CBD. Glebe Hill Village comprises a 6,002 sqm neighbourhood shopping centre anchored by a high performing, latest-generation Coles supermarket, a full line Priceline, 24-hour drive-thru McDonald’s, Tasmania’s first-ever Liquorland and a further 16 specialty stores. JLL's Jacob Swan, Stuart Taylor and Tom Noonan managed the sale process, which attracted significant investor interest. https://lnkd.in/gpFnQjDa #JLL #GlebeHillVillage #Acquisition #RetailCentre #PropertyNews

Colliers Industrial & Logistics team is pleased to announce the successful sale of 9 Quality Drive, Dandenong South, through an off-market campaign managed by Colliers Gordon Code, James Stott, and Daniel Telling. The modern freestanding office/warehouse facility was sold to an owner-occupier for $13,712,500, representing a land value rate of $1,180/sqm. Well-equipped with infrastructure, including a natural gas connection and high power supply, the 4,964 sqm facility is highly appealing to a broad range of manufacturing and warehousing occupiers sitting on a large 11,616 sqm site. https://lnkd.in/gjSncrCu #Colliers #FreestandingOffice #Warehouse #Sold #DandenongSouth #IndustrialProperty #PropertyNews

A 26.39% stake in The Specialist Medical Centre in Sydney’s Westmead, otherwise known as The Skin & Cancer Foundation, has been sold for $8 million. The stake in the Specialist Medical Centre includes 1,611sq m, consisting of a three-level freestanding building at 7 Ashley Lane, predominantly leased to long-established tenant The Skin Hospital, as well as adjoining suites 203 and 204 in the neighbouring strata-titled building at 151 Hawkesbury Road. It was acquired by a local private high-net-worth investor in a deal negotiated by Sam Biggins and Jessen O'Sullivan of Knight Frank, working alongside Archerfield Property Group as Transaction Advisors. https://lnkd.in/gFiu2fKX #KnightFrankAustralia #SpecialistMedicalCentre #TheSkinHospital #Sold #Westmead #PropertyNews

Sherridon Homes, one of Victoria’s leading home builders, is excited to announce the opening of a new office in Echuca as part of its broader regional expansion strategy. The new office marks Sherridon Homes’ seventh regional office, following the opening of Shepparton late last year, and will see it extend its presence to a region known for its vibrant lifestyle, strong economic growth, and increasing housing demand. Natalie King https://lnkd.in/gMs3GgGA #SherridonHomes #NewOffice #Expansion #HomeBuilders #Echuca #PropertyNews

Commercial real estate (CRE) investment in Asia Pacific rose 23% year- on-year (YoY) in 2024 to $131.3 billion, surpassing 2022 levels, according to data and analysis by global real estate consulting firm JLL. Q4 volumes rose 10% YoY and reached $34.9 billion, marking the fifth consecutive quarter of year-on-year growth for the region. “The fifth consecutive quarter of annualised growth for Asia Pacific commercial real estate is a testament to the region's enduring resilience,” said Stuart Crow, CEO, Asia Pacific Capital Markets, JLL. “Despite differences across each market, investors are finding new opportunities as valuations stabilise and borrowing conditions ease. Looking ahead, we expect 2025 to be a strong year for market entry, with early movers likely to benefit from a less competitive landscape, particularly in key sectors like office and logistics.” Pamela Ambler https://lnkd.in/epSXHSrb #JLL #CommercialRealEstate #Investments #AsiaPacific #PropertyNews

Premium property and precincts are expected to outperform other assets in 2025 across both rent growth and capital appreciation with Sydney’s CBD office sector, inner-market logistics, select residential and marque shopping centres forecast to deliver “pockets of exceptionalism” in the market. That is one of the key forecasts in CBRE’s 2025 Pacific Market Outlook report, which highlights opportunities, risks and challenges for market activity and decision makers this year. Sameer Chopra https://lnkd.in/eTZAPaBf #CBRE #Insights #PremiumProperty #MarketForecast #PropertyNews