Queensland Commercial Property Weekly Wrap-Up
Week Ending: 7 November 2025
Market Overview
Queensland’s commercial property sector continues to perform strongly across multiple asset classes, supported by robust investor demand, record infrastructure spending, and innovative development approaches. Brisbane’s positioning ahead of the 2032 Olympics and its confirmed role as host of the 2026 Property Congress has further solidified confidence in the state’s economic trajectory. Recent acquisitions highlight strategic land assembly, value-add retail plays, and the resilience of hospitality assets in key urban corridors.
This Week’s Highlights
Accommodation & Hospitality
Spring Hill Consolidation – Singh Enterprises Assembles Strategic Mixed-Use Holding
Gold Coast-based Singh Enterprises has acquired two properties on Wickham Terrace, Spring Hill: the 52-room Soho Brisbane for $12.9 million and the former St Alban’s Church for between $1.5–$2 million. Combined with their 2024 purchase of the Mercure Spring Hill, the group now controls a 4,150 sqm site zoned for 20-storey development (Herde, 2025).
Malanda Manor Listed – FNQ Guesthouse Seeks New Operator
The heritage-style Malanda Manor Guesthouse has been listed for $1.19 million. Located in Jaggan, the extensively renovated property includes short-term accommodation, a restaurant, and development approvals for a shop and animal farm (Healy, 2025).
Nick Politis Acquires Iconic Caxton Hotel for $50M
Billionaire Nick Politis has purchased the historic Caxton Hotel in Brisbane’s Petrie Terrace for $50 million via SEQ Hospitality Group. The venue, famous for its NRL ties and location near Suncorp Stadium, enhances Politis’ growing hospitality footprint in Queensland (Brischetto, 2025).
Retail & LFR
Repco MAX Capalaba Sells for $13.5M at 5.34% Yield
A freestanding LFR asset at 72–74 Redland Bay Rd, Capalaba has sold for $13.5 million. The refurbished 1,924 sqm showroom is leased to Repco under a net lease with fixed increases. The asset traded at $7,017/sqm GLA after a competitive EOI campaign (Herde, 2025).
Larger Tenancy Strategy Leads to CBD Fringe Sale at 6.1% Yield
41 Park Rd, Milton, a three-storey retail asset on 671 sqm in Brisbane’s inner fringe sold for approx. $6 million. The repositioned building now offers larger retail spaces and long-term tenants, producing a 6.1% yield (Herde, 2025).
Healthcare & Mixed-Use
Coorparoo Medical Asset Sells for $2.26M Amid Strong Investor Demand
A mixed-use commercial property anchored by medical tenancies at 277 Old Cleveland Rd, Coorparoo has sold for $2.26 million. It includes five tenancies and sold at a 5.75% IRR following significant investor interest (Herde, 2025).
Aware Real Estate Acquires The Barracks for Strategic Redevelopment
Aware Real Estate has purchased The Barracks precinct on the edge of Brisbane’s CBD for nearly $150 million. The 1.09ha mixed-use site, formerly owned by Fortius, offers redevelopment potential and is surrounded by major Olympic-related infrastructure projects (Wilmot, 2025).
General News
Critical Trade Shortage Threatens Queensland’s Construction Pipeline
Master Builders Australia warns that a shortfall of over 200,000 tradies could delay national housing and civil infrastructure targets. Queensland’s Olympics-driven pipeline is particularly at risk, highlighting the need for increased apprentice uptake (Chadwick, 2025).
Queensland Joins the $2M Housing Club
PropTrack reports continued growth in national house prices, with Queensland suburbs such as Paddington, Coolangatta, and Mermaid Waters entering the $2 million median price range for the first time (Allen, 2025).
Brisbane to Host 2026 Property Congress Amid $200B Economic Surge
The 2026 Property Congress will be held in Brisbane, underscoring its rising status on the global investment map. Brisbane’s economy has grown by $28 billion since 2020, driven by infrastructure investment and job creation (Caire, 2025).
You can learn more here https://www.propertycouncil.com.au/outlook-event-series-2026/qld
Modular Innovation Proposed for Woolloongabba Development
Brisbane Modular Building has proposed a modular-built 18-storey apartment tower at 33–37 Carl St, Woolloongabba. The 126-unit scheme promises delivery in just nine months and includes above-ground parking, studio units, and a rooftop pool. The proposal seeks to accelerate housing delivery outside the designated PDA (Brescia, 2025).
Transaction Summary
| Asset / Address | Sector | Sale Price | Buyer / Seller | Yield | GLA / Site Area | Key Details |
|---|---|---|---|---|---|---|
| Caxton Hotel, Petrie Tce, Brisbane | Hospitality | $50M | SEQ Hospitality Group / Farquhar Family | N/A | ~3000 patrons/day | Iconic pub near Suncorp Stadium; major event-driven asset |
| Soho Brisbane & St Alban’s Church, Spring Hill | Accommodation & Mixed-Use | $12.9M + ~$1.5–2M | Singh Enterprises | N/A | 4150 sqm (combined) | Strategic consolidation opposite Roma Street Parklands |
| Malanda Manor, Jaggan | Accommodation | $1.19M | Private Sale | N/A | 1.2 ha | Guesthouse with commercial kitchen and restaurant potential |
| The Barracks, Petrie Tce, Brisbane | Mixed-Use Investment | ~$150M | Aware Real Estate / Fortius | N/A | 1.09 ha | High-profile redevelopment precinct |
| 72–74 Redland Bay Rd, Capalaba | Large Format Retail | $13.5M | Private Investor / Kinglake Group | 5.34% | 1924 sqm | Net lease to Repco MAX; upgraded asset |
| Inner Fringe 3-Level Retail 41 Park Rd, Milton | Retail | ~$6M | Private Buyer | 6.1% | 1209 sqm NLA / 671 sqm site | Long-term tenants, repositioned for larger tenancies |
| 277 Old Cleveland Rd, Coorparoo | Healthcare & Mixed-Use | $2.26M | Private Investor | 5.75% (IRR) | ~244 sqm (est.) | 5 tenancies incl. medical suites and rental guarantee |
| 171 Abbotsford Rd, Milton | Industrial | $3.05M | Rohrig Constructions | N/A | 337 sqm + 1438 sqm hardstand | Vacant warehouse with development flexibility |
Final Take
Queensland's commercial real estate market continues to attract institutional and private capital with a focus on strategic urban regeneration, long-term hospitality holds, and alternative development solutions. With strong yields, infrastructure-led growth, and policy support for housing acceleration, the state remains one of the most dynamic investment destinations nationally.
References
- Allen, L. (2025, October 30). Editor’s letter. The Australian, p. 30.
- Brescia, P. (2025, November 5). Developer proposes 126 unit Woolloongabba block to be built in nine months. The Courier-Mail (Online).
- Brischetto, P. (2025, November 2). Caxton Hotel sale: Sydney Roosters and NSW billionaire Nick Politis buys famous Brisbane, Queensland venue for $50 million. 9News.
- Caire, J. (2025, November 1). Perfect timing for Property Congress visit. The Courier-Mail, p. 3.
- Chadwick, C. (2025, November 4). Hammer blow as tradies. Mercury (Hobart), p. 22.
- Healy, S. (2025, October 31). Grand old guesthouse ready to write next chapter. The Cairns Post, p. 6.
- Herde, C. (2025, October 31). Spring Hill stronghold. The Courier-Mail, p. 51.
- Herde, C. (2025, October 31). Larger tenancies proved attractive. The Courier-Mail, p. 54.
- Herde, C. (2025, October 31). Race on for quality asset. The Courier-Mail, p. 54.
- Wilmot, B. (2025, October 31). Betting on city’s growth. The Courier-Mail, p. 52.
For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane
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