Queensland
LOGAN - $38 million
Urbex has acquired a 15.75-hectare residential development site in Park Ridge, Logan, for $38 million, in an off-market transaction that underscores the strong demand for quality landholdings in South East Queensland. The site, located at 95–103, 105–115 and 117–127 Koplick Road, is pending approval for 225 lots.
The deal was managed by Colliers' Brendan Hogan, Adam Rubie, and Kristian Brymora through an invitation-only expressions of interest campaign that attracted more than 15 formal offers. Urbex said the acquisition aligns with its SEQ strategy, marking its second development in the catchment.
Backed by the BMD Group, Urbex aims to fast-track land delivery by integrating planning, design, construction, and sales. Colliers noted buyer demand for residential sites remains strong, driven by undersupplied housing pipelines and long-term confidence in South East Queensland’s population growth.
NEW FARM - $37.5 million
Brisbane’s most coveted address is set for transformation with the $37.5 million sale of a rare 5,727 sqm development site in New Farm to Sydney-based developer Fortis. The cleared and vacant site at 424 Bowen Terrace was sold by Ozcare through an expressions of interest campaign managed by Colliers’ Brendan Hogan and Troy Linnane, alongside Gallus Partners’ John Shepherd.
Ozcare, which recently completed a new aged care facility in Newstead, will reinvest the proceeds into developing additional facilities for Queensland’s senior citizens. The campaign drew strong local, national, and international interest, with more than 100 enquiries and eight formal offers received.
Fortis has already lodged development plans with Brisbane City Council, proposing a landmark DKO Architecture-designed project featuring 74 luxury apartments and four freehold homes. The sale comes as Brisbane’s off-the-plan market surges, with average inner-city apartment prices jumping from around $800,000 in 2020 to more than $2 million in early 2025.
LOGAN - $38 million
Urbex has acquired a 15.75-hectare residential development site in Park Ridge, Logan, for $38 million, in an off-market transaction that underscores the strong demand for quality landholdings in South East Queensland. The site, located at 95–103, 105–115 and 117–127 Koplick Road, is pending approval for 225 lots.
The deal was managed by Colliers' Brendan Hogan, Adam Rubie, and Kristian Brymora through an invitation-only expressions of interest campaign that attracted more than 15 formal offers. Urbex said the acquisition aligns with its SEQ strategy, marking its second development in the catchment.
Backed by the BMD Group, Urbex aims to fast-track land delivery by integrating planning, design, construction, and sales. Colliers noted buyer demand for residential sites remains strong, driven by undersupplied housing pipelines and long-term confidence in South East Queensland’s population growth.
NEW FARM - $37.5 million
Brisbane’s most coveted address is set for transformation with the $37.5 million sale of a rare 5,727 sqm development site in New Farm to Sydney-based developer Fortis. The cleared and vacant site at 424 Bowen Terrace was sold by Ozcare through an expressions of interest campaign managed by Colliers’ Brendan Hogan and Troy Linnane, alongside Gallus Partners’ John Shepherd.
Ozcare, which recently completed a new aged care facility in Newstead, will reinvest the proceeds into developing additional facilities for Queensland’s senior citizens. The campaign drew strong local, national, and international interest, with more than 100 enquiries and eight formal offers received.
Fortis has already lodged development plans with Brisbane City Council, proposing a landmark DKO Architecture-designed project featuring 74 luxury apartments and four freehold homes. The sale comes as Brisbane’s off-the-plan market surges, with average inner-city apartment prices jumping from around $800,000 in 2020 to more than $2 million in early 2025.
New South Wales
CABRAMATTA - $31.3 million
Colliers has sold 38 John Street, Cabramatta for $31.3 million, setting a new benchmark for Sydney’s south-west retail market. The double-storey building, home to the largest Commonwealth Bank branch in NSW for over 50 years, was acquired by an Asian investor following a competitive international EOI campaign led by Harry Bui and Andrew Bui.
The property features a 10-year lease with options to 2043 and recently underwent a multi-million-dollar refurbishment. Located 200 metres from Cabramatta station in a vibrant multicultural retail and dining hub, the campaign attracted more than 300 enquiries and strong offshore interest.
The result reflects a record-tight 3.4% yield, highlighting the appeal of secure, long-term bank-leased assets. With over $16 billion in infrastructure projects underway in Western Sydney, Cabramatta is poised for further growth and investment demand.
CABRAMATTA - $31.3 million
Colliers has sold 38 John Street, Cabramatta for $31.3 million, setting a new benchmark for Sydney’s south-west retail market. The double-storey building, home to the largest Commonwealth Bank branch in NSW for over 50 years, was acquired by an Asian investor following a competitive international EOI campaign led by Harry Bui and Andrew Bui.
The property features a 10-year lease with options to 2043 and recently underwent a multi-million-dollar refurbishment. Located 200 metres from Cabramatta station in a vibrant multicultural retail and dining hub, the campaign attracted more than 300 enquiries and strong offshore interest.
The result reflects a record-tight 3.4% yield, highlighting the appeal of secure, long-term bank-leased assets. With over $16 billion in infrastructure projects underway in Western Sydney, Cabramatta is poised for further growth and investment demand.
Victoria
PAKENHAM - $22 million
Jones Real Estate, in conjunction with AW Industrial, has successfully brokered the off-market sale of a substantial industrial property in Melbourne’s south-east growth corridor for $22,000,000, reflecting a 6.50% yield.
The portfolio, spanning four titles at 5 and 7 Administration Drive, and 6 and 8 Evolution Drive, Pakenham, comprises three modern industrial buildings with a total lettable area of 10,960sqm on 20,571sqm of Industrial 1 Zoned (IN1Z) land. The fully leased asset attracted strong competition, with three offers submitted from both local and offshore investors.
The purchaser, a high-net-worth private investor from New South Wales entering Melbourne’s industrial market for the first time, was introduced by Paul Jones of Jones Real Estate. Key factors in the acquisition included the property’s strategic location near the Princes Freeway, new high-quality improvements, reliable rental income, and proximity to the incoming Costco Supermarket.
NORTH MELBOURNE - $2.7 million
GrayJohnson has announced the successful auction of 18-24 Baillie Street, North Melbourne, achieving a sale price of $2,700,000 after strong competitive bidding.
The versatile brick warehouse occupies a 385sqm* site with a 365sqm* building footprint, boasting dual street frontages, high-clearance roller doors, and tall Baillie Street windows that provide excellent natural light. Its adaptability makes it ideal for future uses such as creative studios or boutique redevelopment.
Situated just minutes from Melbourne’s CBD, the property benefits from proximity to cafés, shops, public transport, and major institutions, including the University of Melbourne, Queen Victoria Market, and the Royal Melbourne Hospital precinct. The sale highlights the strong demand for Mixed Use zoned properties in the city’s inner north, where limited supply continues to drive competition among occupiers and developers.
DANDENONG - $1.675 million
GrayJohnson and Facey Property have successfully sold 7–9 Clow Street, Dandenong under the hammer for $1,675,000 to a local developer, following competitive bidding from five parties. The result highlights the rising demand for development opportunities in Dandenong, one of Melbourne’s most strategically significant growth centres.
Positioned within the Dandenong Metropolitan Activity Centre, the 764sqm* site features a 22-metre* frontage and is zoned Comprehensive Development Zone – Schedule 2, enabling a broad range of future uses including residential, commercial, retail, or mixed-use projects.
Currently leased with options until mid-2028, the property also provides holding income with flexibility through an early termination clause, making it an attractive option for developers seeking time to plan and secure approvals.
ASHWOOD - Undisclosed
A Cambodian-based investor has snapped up a near-new childcare centre in Ashwood, reflecting a growing trend of international capital investing in the sector.
Located at 465–467 Warrigal Road, the asset attracted four competitive offers, three from offshore capital and one local bidder. The sale price of the centre reflects a yield below 5.4%, marking one of the sharpest transactions in Victoria’s sub $10 million childcare market.
The deal was brokered by CBRE’s Australian Healthcare & Social Infrastructure team, led by Jimmy Tat, Marcello Caspani-Muto, and Sandro Peluso.
PAKENHAM - $22 million
Jones Real Estate, in conjunction with AW Industrial, has successfully brokered the off-market sale of a substantial industrial property in Melbourne’s south-east growth corridor for $22,000,000, reflecting a 6.50% yield.
The portfolio, spanning four titles at 5 and 7 Administration Drive, and 6 and 8 Evolution Drive, Pakenham, comprises three modern industrial buildings with a total lettable area of 10,960sqm on 20,571sqm of Industrial 1 Zoned (IN1Z) land. The fully leased asset attracted strong competition, with three offers submitted from both local and offshore investors.
The purchaser, a high-net-worth private investor from New South Wales entering Melbourne’s industrial market for the first time, was introduced by Paul Jones of Jones Real Estate. Key factors in the acquisition included the property’s strategic location near the Princes Freeway, new high-quality improvements, reliable rental income, and proximity to the incoming Costco Supermarket.
NORTH MELBOURNE - $2.7 million
GrayJohnson has announced the successful auction of 18-24 Baillie Street, North Melbourne, achieving a sale price of $2,700,000 after strong competitive bidding.
The versatile brick warehouse occupies a 385sqm* site with a 365sqm* building footprint, boasting dual street frontages, high-clearance roller doors, and tall Baillie Street windows that provide excellent natural light. Its adaptability makes it ideal for future uses such as creative studios or boutique redevelopment.
Situated just minutes from Melbourne’s CBD, the property benefits from proximity to cafés, shops, public transport, and major institutions, including the University of Melbourne, Queen Victoria Market, and the Royal Melbourne Hospital precinct. The sale highlights the strong demand for Mixed Use zoned properties in the city’s inner north, where limited supply continues to drive competition among occupiers and developers.
DANDENONG - $1.675 million
GrayJohnson and Facey Property have successfully sold 7–9 Clow Street, Dandenong under the hammer for $1,675,000 to a local developer, following competitive bidding from five parties. The result highlights the rising demand for development opportunities in Dandenong, one of Melbourne’s most strategically significant growth centres.
Positioned within the Dandenong Metropolitan Activity Centre, the 764sqm* site features a 22-metre* frontage and is zoned Comprehensive Development Zone – Schedule 2, enabling a broad range of future uses including residential, commercial, retail, or mixed-use projects.
Currently leased with options until mid-2028, the property also provides holding income with flexibility through an early termination clause, making it an attractive option for developers seeking time to plan and secure approvals.
ASHWOOD - Undisclosed
A Cambodian-based investor has snapped up a near-new childcare centre in Ashwood, reflecting a growing trend of international capital investing in the sector.
Located at 465–467 Warrigal Road, the asset attracted four competitive offers, three from offshore capital and one local bidder. The sale price of the centre reflects a yield below 5.4%, marking one of the sharpest transactions in Victoria’s sub $10 million childcare market.
The deal was brokered by CBRE’s Australian Healthcare & Social Infrastructure team, led by Jimmy Tat, Marcello Caspani-Muto, and Sandro Peluso.
