Queensland
CLIFTON BEACH - $34 million
Property fund manager Fawkner Property has acquired Coles-anchored Clifton Village Shopping Centre from Indigenous Business Australia, as trustee for the IREIT Sub-Trust (IBA), for $34 million.
CBRE’s Michael Hedger, Joe Tynan and Danny Betros exclusively managed the sale.
This purchase represents Fawkner Property’s third shopping centre acquisition in Cairns in recent years following its purchases of Earlville Shopping Town in 2022 ($146 million) and Cairns Central Shopping Centre in 2024 ($390 million).
Western Australia
PERTH - $20.08 million
An expansive hardstand-rich site in Perth’s south previously occupied by Western Power, the West Australian State Government’s electricity provider, is available for lease following its recent sale.
The 13.82-hectare property at 85 Prinsep Road in Jandakot was purchased by a private local developer from Western Power for $20.08 million (excluding GST) in a deal negotiated by Geoff Thomson and Dean Munns of Knight Frank.
The new owner is now seeking to lease the vacant property through the same agents.
The site has hardstand areas of up to 40,000 sqm and 6,550 sqm of improvements including offices, warehouses, storage sheds and a washdown bay.
JINDALEE - $4.4 million
A ground-leased Service Station and convenience store situated in Perth’s Northern growth corridor exchanged hands for $4,400,000.
The property is leased to global giant and London Stock Exchange Listed, Bp, with a long-term lease in place, benefiting from annual rental growth and a thriving surrounding catchment.
The sales and marketing campaign attracted an enormous amount of interest with over 450 enquiries from local, eastern coast and offshore buyer groups, with the property ultimately being purchased by a Perth Based Private Investor.
This sale represents the sharpest service station to transact in Western Australia since June 2022. The sale reflects the strong investor confidence and demand in the asset class.
OSBORNE PARK - Undisclosed
A high-profile investment opportunity in the tightly held precinct of Osborne Park has officially sold.
The fully leased property at 7-11 Hutton Street, Osborne Park changed hands, marking a significant transaction in one of Perth’s most sought-after commercial corridors. The 3,845sqm* corner site, zoned ‘local centre’, offers both secure income and long-term redevelopment potential (STCA).
Anchored by Vibe Petroleum and supported by a mix of diverse tenants, the property boasts a 96m* frontage to Hutton Street and exposure to over 30,000 vehicles daily. Its strategic location provides excellent connectivity to the Perth CBD via the Mitchell Freeway.
The deal was managed by Colliers' Richard Cash and Aidan Austen.
Victoria
KEYSBOROUGH - $11.07 million
A fuel station in Keysborough recently transacted via a boardroom auction, selling for a staggering $2.507m above reserve.
Located at 745-751 Springvale Road, Keysborough, the asset is currently leased to EG Group and a separate car wash operator, providing a short 1.3-year WALE.
Selling agents Rorey James and Kevin Tong of Stonebridge Property Group & Jonathan McCormack and Peter Bremner of Gorman Commercial handled the sale, which they said saw strong interest from fuel operators, developers and investors.
At the boardroom auction, the property was announced on the market with the first bid at $8,500,000, before fierce competition from some of Melbourne’s strongest fuel operators pushed the eventual price to $11,070,000. The sale price reflected a strong 4.61% yield and a land rate of $2,434 per sqm, strong signs for the Victorian investment market.
WATSONIA - $5.58 million
A prominent Watsonia medical asset has changed hands after a highly competitive sales campaign, with significant interest registered from both domestic and international investors.
The fully leased, two-level medical facility at 77 Devonshire Road, Watsonia, comprising a substantial 615 sqm corner landholding, was sold for $5,580,000 by Colliers' Lucas Soccio, Alex Browne, and James Zhuang. The asset was acquired by a NSW-based investor, reflecting a sharp 5.79% yield.
Strategically located in the heart of Watsonia with direct access to Watsonia Train Station, the property is exceptionally positioned for future growth. The area is undergoing a major transformation as part of Victoria’s largest infrastructure project, the North East Link.
KEW EAST - $3.163 million
Jarrod Moran and Stan Dawidowski of CVA have successfully sold a prominent corner property on High Street, Kew East for $3,163,000 via a private sale. The property was purchased by an owner-occupier whose previous premises were acquired as part of the Suburban Rail Loop project under Victoria’s Big Build.
Strategically positioned at 1/796 High Street, the architecturally designed, dual-level building is a turnkey solution offering 710 sqm* of premium space. Fully fitted with quality furnishings, private offices, focus rooms, a modern kitchen, and end-of-trip facilities, the property offers exceptional flexibility. With potential uses ranging from a retail showroom to an education or medical facility and boasting 17 on-site car spaces (including 6 undercover), it’s ready for business from day one.
WEST MELBOURNE - $2 million
Colliers has announced the successful sale of a high-profile mixed-use property at 343 King Street, West Melbourne, which has been acquired for $2,000,000 via private sale.
Colliers Associate Director, Asia Markets | Investment Services, Yvonne Zhou commented, “The commercial property market in West Melbourne and the broader Melbourne fringe in 2025 is showing signs of cautious optimism with a gradual recovery in demand, particularly for well-located, smaller-scale assets like 343 King Street.”
This three-storey corner asset, located on the doorstep of Melbourne’s CBD and directly opposite Flagstaff Gardens, attracted strong interest from investors and owner-occupiers alike. The sale reflects a land rate of $29,850/sqm and a building rate of $13,513/sqm, underscoring the strength of demand for well-located, versatile assets in the city fringe.
KEW & HEIDELBERG - Undisclosed
Two sites of the renowned retail institution, Leo’s Fine Food & Wine supermarkets, have been sold privately, with the sale managed exclusively by selling agents LAWD under instruction from Transaction Advisors Charter Keck Cramer.
The sale of the Kew and Heidelberg sites indicates a strengthening in the city’s residential property sector and collectively represents some of Melbourne’s most significant, large-scale, mixed-use development opportunities.
The prime 6,835 square metre site at Kew, located only five kilometres from the Melbourne CBD, was sold to Orchard Piper. Zoned Commercial 1, the site offers more than 140m of dual-road frontage to Princess and Brougham Streets, and exceptional access to transport infrastructure.
At Heidelberg, the 6,105sqm site is on Burgundy Street, 10km from the Melbourne CBD. It was sold to private Melbourne-based Banco Group who purchased the property as an investment.
This off-market sale process was undertaken exclusively by LAWD's Lukas Byrns, Paul Callanan, and Peter Sagar, with Charter Keck Cramer's, Tom Byrnes and Patrick McNulty acting as Transaction Advisors.
MELBOURNE CBD - Undisclosed
One of Melbourne’s most beloved café establishments, Brunetti Oro, is set to bring its signature Italian charm to the heart of the city’s newest and most iconic transport hub — Town Hall Station at City Square. The café has secured a prime 35sqm kiosk at the Collins Street entrance, making it the first stop for commuters entering the station and a key feature of the Metro Tunnel’s retail offering.
The announcement marks a significant milestone in the evolution of Melbourne’s café culture, as Brunetti Oro becomes part of the anticipated Metro Tunnel Project, the biggest upgrade to the city’s rail network in over four decades.
Colliers’ Tom Larwill and Thomas Macrae have been appointed on behalf of the Cross Yarra Partnership - a consortium comprising Capella Capital, Lendlease, John Holland, John Laing and Bouygues Construction. The agents confirmed that over 90% of the Metro Tunnel’s retail footprint is now leased or under offer at the five new stations that also include Anzac, State Library, Parkville, and Arden.
New South Wales
LITTLE BAY & WARRAWEE - Undisclosed
Two premium residential aged care facilities in the highly sought-after Sydney suburbs of Little Bay and Warrawee have changed hands in a sale facilitated by Colliers, on behalf of MMG.
Together, the Little Bay and Warrawee facilities comprise 259 residential aged care beds across expansive sites of 10,350sqm and 3,788sqm respectively. Both properties are multi-award-winning and deliver best-in-class care, design and operational excellence.
The Little Bay facility, located at 1420 Anzac Parade in Sydney’s Eastern Suburbs, offers sweeping views across St Michael’s Golf Course and Little Bay Beach. It is a well-established facility with a strong reputation in the community and is situated in a catchment where 16.9% of the population is aged over 65. Warrawee, located at 1496 Pacific Highway in Sydney’s Northern Suburbs, is a new facility already exceeding financial expectations during its ramp-up phase.
The purchaser, Estia Health, has strategically expanded its portfolio by acquiring these established, high-performing assets rather than pursuing new developments in the current high-cost environment.
The deal was managed by Colliers' Chris O'Driscoll and Ian Sanders.
