Market Muster

McGees Property Brisbane is proud to announce the successful lease of 36F Vernon Terrace, nestled in Teneriffe’s vibrant dining and entertainment precinct. After the previous tenant was locked out, the landlord turned to McGees Property to secure a quick and effective result. Acting swiftly, our leasing agent Liam had the premises cleaned in no time and brought the space to mark...

Source Courier Mail 16.08.2024 Price Attack, a leading hair-care chain, has left its warehouse past behind and upgraded to a prime location in Brisbane’s trendy inner city. The company has secured a five-year lease on a modern, spacious office in Bowen Hills at the corner of Abbotsford and Cintra roads. This move, facilitated by McGees Property’s Guy Stafford and Quartz Commercial,...

If you're considering investing in commercial property, Brisbane stands out compared to other Australian capital cities like Sydney and Melbourne. McGees Brisbane is committed to this vibrant city, but there are compelling reasons why Brisbane is an excellent choice for property investment. Market Overview Brisbane: As of 2024, Brisbane's commercial property market is experiencing robust grow...

A unique mixed-use property with breathtaking views over Moreton Bay has finally found its new owner, and I am thrilled to have facilitated the sale. The long-standing anchor tenant, a beloved local fish and chip shop, was recently taken over, which played a key role in securing a successful outcome for this property. The two-storey corner property at 139 Margate Parade, Margate Beach, Redcl...

In a notable shift within Brisbane's premier entertainment precinct, a Hungry Jack’s outlet has taken over a prime retail location in Brunswick Mall, previously occupied by its chief competitor. The fast food chain has secured a 13-year lease on a strata-titled retail space on the ground floor of the historic McWhirters building in Fortitude Valley. According to CoreLogic, this space bec...

Image by coorparoomassage from Pixabay As we head into the second half of 2024, Brisbane's commercial property market is showing impressive growth. This surge is fuelled by a booming population and smart investments. Queensland's rapid population increase has made Brisbane a hot spot for major property investors, diverting attention from other states. According to the Australia...

Federal Budget 2024-25: $6.2 Billion Boost for Housing Click here for the full detail of the Budget Also, in the latest budget, the federal government pledged a $6.2 billion investment in housing to help Australians struggling with finding homes. With record-low vacancy rates and an ambitious target of building 1.2 million new homes, this initiative is designed to make housing more affordable...

Properties Sold At Portfolio Auction According to recent reports, a number of properties were recently sold at auction. In Caboolture, a property leased to EG Group and Oporto sold for $7.985 million, while a Carl’s Jr in the same area fetched $5.105 million. Meanwhile, in Dutton Park, the Chatterbox Early Learning Centre at 23 Tillot St sold for $5.38 million, achieving a notable yield ...

Image by sandid from Pixabay As 2024 unfolds, Brisbane is set to embrace a transformative wave of development projects that promise to reshape its skyline and infuse the city with new energy and opportunities. In this article, we take a closer look at the top developments. 1. Queen’s Wharf The Queen's Wharf development on the River in the CBD is at the forefront of Bri...

Image by Marcin from Pixabay The Australian industrial property market has experienced an unprecedented surge, propelled by soaring warehouse rents and a flurry of mega developments, driving its value to nearly $300 billion, according to recent research. Brisbane, in particular, has seen a significant transformation in the industrial landscape, fuelled by the e-commerce boom, w...

In the last half of 2023, Brisbane’s Central Business District (CBD) saw a slight tightening in its retail vacancy rate, dropping from 19.5% in the first half of the year to 18.7%. Despite this improvement, it remained one of the highest among Australia's major cities. Yet, this high vacancy rate might be seen as an opportunity rather than a challenge for businesses looking for retai...

I am pleased to share the successful sale of a rare freestanding property located on a busy road in Brisbane’s northern suburbs. The property at 458 Enoggera Road, Alderley, was sold for $2.25 million to a private investor after auction. The buyer was drawn to the property’s strong passive income potential and long-term development opportunities. The single-level building is curren...

In a competitive market where quality commercial properties are highly sought after, a rare freestanding property located at 458 Enoggera Road, Alderley, Brisbane, was brought to market as part of a deceased estate portfolio. The property, previously occupied by Taubmans Professional Trade Centre and extensively refurbished by Exercise Health Australia, attracted significant attention due to it...

The industrial property market in SE Queensland is experiencing significant shifts, impacted by factors such as supply, demand, construction costs, and economic trends. Looking ahead to 2024, predictions suggest a nuanced landscape for these regions. Brisbane's Industrial Market: A Balancing Act In the second quarter of 2023, Brisbane's industrial market saw a rise in vacant space by 15%, rea...

Southeast Queensland has been a hotbed of developments in recent years. As the already high population saw an increase in activity in 2023 that isn’t projected to slow down, the city continues to prepare for the Brisbane Olympics of 2032. Larger projects include Brisbane Live, an 18,000-seat arena dedicated to bringing top-tier entertainers to Brisbane from Australia and beyond, as well ...

Recent research has highlighted a substantial surge of interest in industrial property within the Brisbane area during 2022, which has had significant implications for the economy, landlords, and tenants. The demand for industrial space in Brisbane has led to a sharp decrease in vacant spaces, which fell by 14 per cent in the fourth quarter alone and were 65 per cent lower than the peak levels ...

I am delighted to share the successful sale of three strata units in a health and wellness centre located at 100-102 Donald Road, Redland Bay. The units were sold for $1.95 million to a Sydney-based investor after being passed in at auction. My colleague Harry Tsigounis and I facilitated the sale on behalf of Kosmos Health. Our auction campaign generated significant interest, with 58 inquiri...

The Property Council of Australia’s Office Market Report recently released has shed some light on the changing profile of the CBD and non-CBD office markets across Australia. The post-COVID-19 economy has been particularly challenging for some office locations, with many staff continuing to work from home. This shift has changed the nature of new take up of space and movement across regio...

  A small retail asset at 465 Waterworks Rd, Ashgrove, home to the beloved Old Salty’s fish and chip shop for nearly 50 years, has been successfully sold at auction. The fully leased three-tenanted property attracted significant attention during the marketing campaign led by McGees Property’s Nina Brailey and Justin Clarke. The campaign generated 40 inquiries from high-qual...

The new industrial estate at 541 Bilsen Road, Geebung, is transforming the area as space for development becomes increasingly limited. Pacific Dunlop's 3.07-hectare property has been repurposed by Sibad Investments Pty Ltd, which purchased the site for $4.16 million a year ago. David Bright from McGees National Property Consultants shared that this property became available when Olex Cables, a...