QLD Commercial Property Weekly Wrap-Up: Week Ending 19 September 2025

Market Overview

• Owner-occupiers continue to dominate smaller inner-city transactions, particularly under approximately $5m, driven by desire for long tenure and security.
• Investment demand remains strong for income-producing fully-leased assets (childcare, retail, mixed-use), and retail hubs in growth corridors.
• The Land Lease Community (LLC) sector is gaining traction, particularly in growth corridors and for the Over-55 / Downsizer demographics.
• Recent legal reforms (Property Law Act 2023) are in force as of 1 August 2025, bringing in mandatory seller disclosure, new protocols for assignment/sublease etc., affecting all commercial Lease and sale transactions in QLD.

This Week’s Highlights

General News & Policy

• Property Law Act 2023 (Qld): Commenced 1 August 2025. Key changes include a mandatory seller’s disclosure regime for both residential and commercial property transactions. Sellers must provide a disclosure statement & prescribed certificates before a contract is signed.
• Under the new law, landlords must observe changes regarding assignment or sublease requests from tenants; timelines and reasonableness provisions override certain existing Lease terms.
• Market Sentiment: According to discussions at the AFR Property Summit, commercial markets are at the early upswing stage, but supply constraints and limited new builds could pose inflationary risks and widen economic inequality.

  At the recent AFR Property Summit, experts and industry leaders expressed cautious optimism about the state of Australia’s commercial property market, including Queensland. After several years of rising interest rates and reduced investment activity, there is a growing belief that the market has reached the bottom and is now entering an early stage of recovery. This recovery is being supported by continued demand for commercial assets such as industrial facilities, office buildings, and retail centres, alongside a notable shortage of new developments.

  This supply shortage is currently benefiting existing landlords, as reduced availability leads to higher rental income and asset valuations. However, this situation presents long-term risks. With limited new supply, competition for available space increases, which can push rents higher and make it more difficult for small and medium businesses to afford premises. These rising costs may feed into inflation and increase economic inequality between property owners and tenants.

  One of the main reasons for the supply shortage is constrained construction capacity, particularly in Queensland. Builders are struggling to commence new projects due to a lack of skilled labour, higher construction costs, and limited availability of materials. These challenges are worsened by major infrastructure and public projects, including preparations for the 2032 Brisbane Olympics, which are absorbing much of the available construction workforce and resources. As a result, fewer commercial developments are progressing, and this continues to limit supply in the near term.

  In summary, while investor confidence is beginning to return, supply constraints and construction bottlenecks are placing upward pressure on rents and asset values. This may benefit current owners but could also pose challenges for tenants and contribute to broader inflation and inequality across the property market.

Final Take

• Owner-occupiers in QLD are driving sub-$5m inner-city sales due to long-term certainty and limited leasing options.
• Land Lease and downsizer communities are an emerging housing solution in growth corridors.
• Fully-leased income assets remain highly attractive, especially in sectors like childcare and service retail.
• The new Property Law Act mandates compliance with seller disclosure and Lease procedures; awareness and legal due diligence are essential.
• Large-scale projects in the pipeline (e.g. hotel in Spring Hill) highlight the infrastructure demands building toward the 2032 Olympics.

References

• Herde, C. (2025, September 17). Downsize and thrive. The Courier-Mail, p. 63.
• Herde, C. (2025, September 17). Lifestyle hub near capacity. The Courier-Mail, p. 63.
• Herde, C. (2025, September 17). Buying in for certainty. The Courier-Mail, p. 65.
• Herde, C. (2025, September 17). Personal bond fuels Bundall retail centre’s milestone sale. The Courier-Mail, p. 65.
• Herde, C. (2025, September 17). Dealer shifts gears to premium model. The Courier-Mail, p. 66.
• Herde, C. (2025, September 17). Child’s play: investor snaps up solid Sunshine Coast centre. The Courier-Mail, p. 66.
• O’Malley, B. (2025, September 17). New hotel proposed for Spring Hill site. The Courier-Mail, p. 10.
• Thomson, J. (2025, September 16). The next property crisis is coming. And it’s not just about housing. Australian Financial Review (Online). Fairfax Media Publications Pty Limited.
• Queensland Government. (2023). Property Law Act 2023 (Qld). Retrieved from Property Law Act 2023

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

Market Overview

Queensland’s commercial real estate market remains vibrant, with heightened investor interest across retail, industrial, and residential sectors. Notable this week is the near-$700 million prospective acquisition of Loganholme’s Hyperdome Shopping Centre by MA Financial ,a potential landmark deal signalling the return of institutional capital to value-add retail assets.

This Week’s Highlights

Hospitality / Pubs & Motels

Queensport Tavern, Hemmant

• Buyer: Smitham Hotel Group
• Price: $13.5 million (freehold and going concern)
• Asset: Historic pub (built c.1890) on 6,737 sqm; 26 motel units, bottle shops, gaming, bar-bistro
• Planned Works: Smitham’s Managing Director, Justin Ham, said the group plans to invest in upgrades to revive the venue’s reputation as a true ‘tradies’ pub’ and local institution. The acquisition complements their existing portfolio, which includes the Waterloo Bay Hotel in Wynnum (Herde, 2025a).

Hotel/ Motel/Hospitality

Capsule Hostel, Southport

• Owner: Ian Robinson
• Income: $250,000 net annual return
• Asset: 134 “capsule” beds on 1,105 sqm site
• Rental Range: $48/night or up to $350/week during events
• Status: Freehold listed for sale via Ray White Commercial

A compact Gold Coast hostel offering 134 capsule-style beds is returning a solid $250,000 net annually for its owner, Ian Robinson. Located on a 1,105 square metre site in Southport, the property is now listed for sale as a freehold tenanted investment via Ray White Commercial.

Originally designed to accommodate backpackers and international students at rates of $48 per night or up to $350 per week during peak periods, the hostel has increasingly become a last-resort option for local women priced out of the tight rental market.

The rising reliance on this style of short-term accommodation by vulnerable Australians highlights broader housing affordability pressures on the Gold Coast. While not intended as crisis housing, the hostel now plays an unplanned role in the region’s social support system (Hyde & Dawson, 2025).

Retail / Supermarket Anchored

St Lucia Marketplace

• Buyer: Local investor
• Price: $18.01 million
• Yield: 5.25% (sharpest for IGA-anchored centres in 2025)
• Tenants: IGA anchor, eight specialty shops, three offices
• Site: 3,033 sqm in affluent inner-west location (Herde, 2025c).

The result reflects strong investor demand for defensive, convenience-based retail assets in tightly held urban catchments. Secure income streams and scarcity of quality neighbourhood centres are driving pricing resilience in this segment.

Woolworths, Maleny

• Buyer: Victorian investor
• Price: $13.75 million
• Yield: 5.12%
• Lease: Through 2031, with options to 2056
• GLA: 2,038 sqm on 5,225 sqm site (Herde, 2025d).

Hyperdome, Loganholme (Pending Sale)

• Prospective Buyer: MA Financial (via IP Generation)
• Price: ~$700 million (off-market)
• Asset: 44 ha site; 181 stores incl. Coles, Woolworths, Aldi; LFR hub with Bunnings, BCF, etc. The centre attracts over 9 million pedestrian visits annually
• Plan: Masterplanned redevelopment potential; QIC to potentially retain strategic involvement
• Significance: One of Australia’s largest mixed-use retail repositioning plays,This move highlights growing institutional interest in repositioning large-format retail assets as demand for mixed-use precincts accelerates. (Wilmot, 2025).

Industrial

9 Kelly Court, Buderim

• Buyer: Local investor
• Price: $3.4 million
• Yield: 4.5%
• Tenant: Fantastic Furniture (since 2014)
• GLA: 1,200 sqm
• Note: Sold off-market; 10-day settlement (Herde, 2025d).

7 Mackie Way, Brendale

• Buyer: Sydney investor
• Price: $4.1 million
• Yield: 4.89%
• Asset: 1,721 sqm warehouse, fully leased (Herde, 2025d).

Land & Subdivisions

Park Ridge Site, Logan

• Buyer: Urbex (BDM Group)
• Price: $38 million
• Size: 15.75 ha (225-lot subdivision)
• Campaign: 15+ EOI offers
• Trend: Strong ongoing demand for developable land in SEQ (Herde, 2025b).

General News

Australian Unity Office Fund (AOF)

• Asset: 150 Charlotte Street, Brisbane
• Valuation: $63.5 million
• Status: Buyer defaulted; revised lower offer rejected by AUIREL
• Impact: Delays in winding down AOF’s portfolio and delisting (Changarathil & Carbone, 2025).

The Australian Unity Office Fund (AOF), previously a listed property trust, is experiencing delays in completing its wind-up due to issues surrounding the sale of its last remaining asset. This property is a commercial office building located at 150 Charlotte Street in Brisbane’s central business district.

The building was originally contracted to sell for 63.5 million dollars. However, the purchaser failed to settle as agreed and later submitted a revised offer of 54.5 million dollars. The responsible entity, Australian Unity Investment Real Estate Limited (AUIREL), considered the new offer and ultimately rejected it, stating that it was not in the best interests of unitholders.

These complications have postponed the final steps in winding down the fund. AOF had already sold the rest of its portfolio and received unitholder approval to delist from the Australian Securities Exchange. Until the 150 Charlotte Street transaction is resolved, the full closure of the fund remains on hold.

Final Take

This week underlines the deepening confidence in Queensland’s commercial markets. The near $700 million acquisition of Logan Hyperdome may serve as a key indicator of renewed confidence in large-scale retail investment, potentially encouraging further activity in the sector. Simultaneously, diverse asset types, from historic pubs to capsule hostels, are proving resilient, thanks to strong fundamentals and adaptive strategies that align with evolving tenant demand.

References

• Changarathil, V., & Carbone, J. (2025, September 5). Australian Unity Office Fund’s final hiccup as delays hit sale. The Australian, p. 14.
• Herde, C. (2025a, September 5). Tradies tavern traded. The Courier-Mail, p. 65.
• Herde, C. (2025b, September 5). Land and Development: Park Ridge site sold to Urbex. The Courier-Mail, p. 65.
• Herde, C. (2025c, September 5). Appetite for retail reels in the buyers. The Courier-Mail, p. 67.
• Herde, C. (2025d, September 5). New owner for Woolies. The Courier-Mail, p. 66.
• Herde, C. (2025e, September 5). Brisbane industrial market attracts southern interest. The Courier-Mail, p. 66.
• Hyde, V., & Dawson, A. (2025, September 5). Hostel space evasion. The Gold Coast Bulletin, p. 7.
• Wilmot, B. (2025, September 11). How peak generations drive housing. The Australian, p. 13.

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

Market Overview

Queensland’s commercial property market recorded a rebound this week, with notable transactions across industrial, retail, mixed-use and lifestyle sectors. Buyer sentiment remains cautiously optimistic, buoyed by tenant demand, strategic positioning, and infrastructure connectivity. Investor appetite for secure, income-producing retail and industrial assets continues to outpace supply, while demand for regionally located residential land with planning approvals is gaining momentum.

This Week’s Highlights

Industrial & Logistics

Transaction Summary:
Clarence Property secured Yamaha Motor Australia’s regional HQ in the Australia TradeCoast precinct. The tilt-panel facility includes 2,213 sqm of premium office and 9,140 sqm warehousing. The transaction affirms investor demand for defensive, infrastructure-connected assets.

Retail & LFR

Transaction Summary:
Two single-tenanted retail assets attracted 326 enquiries in total. Strong competition, even with above-benchmark rents, reflects private capital’s appetite for secure income streams and nationally branded tenants.

Development Sites / Mixed Use

Transaction Summary:
Devcon secured this strategic beachside site in Cotton Tree for a future mixed-use redevelopment. Zoning supports hotel, healthcare, multi-res, and retail. High enquiry levels reflect sustained developer interest in the Sunshine Coast.

Residential (Lifestyle / Land)

Transaction Summary:
Lincoln Place continued its Queensland expansion, securing a regionally significant site for its Lincoln Lifestyle brand. Development will target the over-50s market with 2–3 bed homes on 400 sqm lots.

Leases

General News

Tourism-Led Growth: “Australia’s Holiday Highway”

• The Crisafulli Government launched a campaign promoting the Pacific Coast Way (Gold Coast to Cairns) as a national tourism route under the Destination 2045 strategy.

• The campaign supports Queensland’s goal to double tourism spend to $84B by 2045 and add 40,000 new hotel rooms.

Positive impact on Commercial Property

Increased demand for regional hospitality, retail, and accommodation assets

As road-trip tourism increases, travellers are more likely to stay in regional towns, creating sustained demand for:

• • Motels and caravan parks

  • Roadside cafés, pubs, and quick-service retail

  • Visitor services like convenience retail, fuel stations, and tour operators

This naturally boosts revenue for existing assets and enhances the viability of new commercial developments in these areas, particularly along the Pacific Coast Way and supporting inland routes like the Matilda Way and Great Inland Way.

Greater development opportunities along key tourism corridors

Tourism corridors see seasonal and year-round footfall that make new hospitality or mixed-use projects more financially viable. Investors and developers are more likely to pursue:

• • New hotels, eco-lodges, and glamping sites

  • Retail strips or highway service centres

  • Destination-led commercial hubs (for example, artisan markets or food precincts)

Councils may respond by rezoning or fast-tracking approvals in these targeted corridors, further incentivising development.

Reinstated government funding enhances certainty for long-term investors

Under the previous government, Tourism and Events Queensland’s budget was set to be cut by nearly 50 per cent. The Crisafulli Government reversed this, reinstating funding that underpins:

• • Nationwide and international marketing

  • Support for regional events

  • Tourism infrastructure partnerships

For long-term investors, this signals policy stability and economic support, making it more attractive to commit capital to regional commercial property, especially in sectors tied to visitor spend.

Final Take

This week marks a diverse and dynamic return to form for Queensland’s commercial property scene. Activity spanned premium industrial acquisitions, tightly held retail investments, regional land development, and prominent coastal sites—all supported by strong demand fundamentals. Meanwhile, the state’s renewed tourism push reinforces confidence in regional assets and experience-driven precincts.

References

• Herde, C. (2025, Aug 30). Fund secures a berth. The Courier-Mail, p.43.

• Herde, C. (2025, Aug 30). Making waves at Yeppoon. The Courier-Mail, p.43.

• Herde, C. (2025, Aug 30). Plans for old Sizzler site. The Courier-Mail, p.44.

• Herde, C. (2025, Aug 30). Investors’ appetite grows for quality retail assets. The Courier-Mail, p.45.

• Leases. (2025, Aug 30). The Courier-Mail, p.45.

• Queensland Government. (2025, Aug 28). Queensland drives tourism growth on Australia’s Holiday Highway. statements.qld.gov.au

• Courier-Mail. (2025, Aug 28). Beaches, parks and lakes: Qld’s ambitious tourism push. couriermail.com.au

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

Queensland Commercial Property Weekly Wrap-Up 29 Aug 2025

Market Overview

Queensland’s commercial property market surged with significant industrial activity and government asset divestments. Momentum continues to build in 2025, buoyed by falling interest rates and rising tenant demand, particularly across logistics, office, and mixed-use development sectors. Institutional and owner-occupier interest is heating up, especially in high-connectivity corridors and coastal growth regions.

This Week’s Highlights

Industrial & Logistics

Transaction Summaries:

• Brisbane Airport: Centennial, in partnership with Phoenix Property Investors, secured the last large developable freehold site in the Australia TradeCoast precinct.
• Darra: A private owner-occupier purchased the tilt-panel facility to expand operations. Strong campaign interest reflects continued demand.

Commercial Office

Transaction Summaries:

• Toowoomba: QLD Govt divested a long-held office asset with prime park frontage and mixed-use zoning. FKG acquired the vacant building.
• Brisbane CBD: Marquette secured a fully-leased asset with strong holding income and adaptive reuse potential.

General News

Calls for More Gold Coasts

Demographer Simon Kuestenmacher advocates for the development of several new coastal cities like the Gold Coast to manage Australia’s population growth. These cities would be planned with integrated commercial infrastructure and transport links.

Impact: This vision supports commercial investment in corridor-linked, decentralised hubs across Queensland’s eastern seaboard.

Rate Cuts Revive Buyer Momentum

REA’s Anne Flaherty reports that interest in commercial property has surged following three rate cuts. Cap rates are compressing and tenant demand is rising.

Impact: Lower finance costs and rising investor confidence are expected to support valuations, development activity, and leasing momentum across all Queensland sectors.

Final Take

This week confirmed Queensland’s commercial market is shifting into recovery mode. With interest rates falling and buyer interest surging, investors are targeting well-located industrial and office assets. Government asset divestments and long-term urban planning debates further highlight opportunities in fringe markets and fast-growing corridors.

References

• Courier-Mail. (2025a, August 22). TradeCoast era closes. Real Commercial, p. 57.
• Courier-Mail. (2025b, August 22). Strong demand in Darra. Real Commercial, p. 58.
• Courier-Mail. (2025c, August 22). State government divests former Main Roads office. Real Commercial, p. 59.
• Flaherty, A. (2025, August 21). Rates cuts giving commercial market welcome momentum. The Australian, p. 21.
• Kuestenmacher, S. (2025, August 21). One Gold Coast is not enough, Australia needs more new cities just like it. The Australian, p. 21.

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

Market Overview

Diverse Activity Across Sectors: This week’s activity spans development land, residential subdivision, office leasing, industrial properties, retail automotive investment, and hospitality/gaming. The spread reflects a resilient and multifaceted commercial property market in Queensland.

Shift in Owner-Occupier Demand: There’s continued momentum from owner-occupiers—particularly in office, industrial, and mixed‑use sectors—indicating confidence in long-term stability and utility of these assets.

Strategic Divestment in Hospitality Gaming: The exit of The Star Entertainment Group from its Brisbane casino stake signals leveraged repositioning and liquidity management amid financial restructuring.

This Week’s Highlights

Commercial Office – Sale

7/39 Jeays Street, Bowen Hills

Buyer:

Owner-occupier

Sold:

$395,000

Details:

90sqm office unit purchased by an owner-occupier. Located in Brisbane’s inner-north fringe, the property provides a boutique commercial footprint ideal for small professional operations (Courier-Mail, 2025).

Lot 100/1 Gardak Street, Currimundi

Buyer:

Owner-occupier

Sold:

$1.5 million

Details:

460sqm freestanding office acquired for immediate occupation. The Sunshine Coast location reflects continued demand from SME buyers seeking to control their business premises (Courier-Mail, 2025).

Commercial Office – Lease

Suite 1, 569 Flinders Street, Townsville CBD

Tenant: Retire Wisely

Lease Term:4 years

Size: 95sqm @ $265/sqm

Details: Modern, fit-out office space leased by expanding financial services firm. Strong demand persists for turnkey tenancies in regional CBDs with onsite parking and signage exposure (Courier-Mail, 2025).

6 Yoga Way, Springfield Central

Tenants:Australian Veteran Health Services, MTC Australia, Secure Journeys, National Business Services Provider

Lease Area:6,500sqm total

Details:

A-grade 10,000sqm building saw major uptake post-General Electric’s exit. Largest tenant committed to 4,000sqm over two floors. Average gross rents at ~$600/sqm reflect Springfield’s growing appeal (Herde, 2025).

Retail/Industrial – Sale

46–48 Brisbane Road, Labrador

Buyer: Offshore Investor

Sold: $4.35 million (4.5% yield)

Details:

1,687sqm corner site fully leased to The Car Place and Midas Tyre & Auto. High-exposure investment secured prior to auction following strong local and interstate interest (Herde, 2025).

1/217 Lutwyche Road, Windsor

Buyer: Investor

Sold: $410,000

Details:

39sqm café unit sold to a private investor. Net-leased retail assets in fringe metro locations remain sought-after, especially in densely trafficked corridors (Courier-Mail, 2025).

Industrial – Sale

1/1147 South Pine Road, Arana Hills

Buyer: Owner-occupier

Sold: $790,000

Details: 217sqm industrial unit sold to a business owner. The deal underscores strong SME-led demand for small-format warehouses in Brisbane’s northern corridor (Courier-Mail, 2025).

6/2–8 Focal Avenue, Coolum Beach

Buyer: Local Building Company

Sold: $592,500

Details: 300sqm vacant office/warehouse purchased for owner-occupation. The property offers flexibility for light industrial or trade-based use within a tightly held Sunshine Coast precinct (Courier-Mail, 2025).

Land & Development – Sale

18 Nestor Drive, Meadowbrook

Buyer: SEQ Developer

Sold: $12.5 million (ex. GST)

Details: 1.62ha cleared site opposite Logan Hospital. Previously approved for private hospital, now primed for residential or mixed-use development with heights up to 25–40m under the Meadowbrook Master Plan (Herde, 2025).

112 Gross Avenue, Hemmant

Buyer: Evans Land Group

Sold: $4 million

Details: 1.06ha residential subdivision site with DA for 17 lots (6 creekfront). First inner-urban land subdivision of its kind in Brisbane in nearly a decade (Herde, 2025).

Mixed Use – Sale

118 King Street, Caboolture

Buyer: Investor

Sold: $2.025 million

Details:

Combined 138sqm medical centre and 140sqm house sold to an investor. Property provides dual income potential and long-term redevelopment upside (Courier-Mail, 2025).

Hospitality/Gaming – Major Sale

Queen’s Wharf Precinct, Brisbane CBD

Buyer: Chow Tai Fook Enterprises & Far East Consortium

Sold: $53 million (50% interest)

Details:

Star Entertainment offloaded its entire stake in the Queen’s Wharf Brisbane casino project. The transaction alleviates significant capital obligations and consolidates control under the JV partners (Yeates & Kruger, 2025).

3. General News

• Repurposing Older Assets for Housing: There’s growing interest among landlords and developers to convert underutilised B‑ and C‑grade office buildings into affordable housing, driven by strong demand and limited supply. A prime example is the redevelopment of the former Metway Arcade in the Townsville CBD. Brisbane-based developer Naresh Devjani is delivering a $4 million transformation of the derelict commercial site into a vibrant mixed-use complex.

  Approved by Townsville City Council, the project at 390–396 Flinders Street will offer:

  • 20 one-bedroom apartments (55–60sqm each) targeting students and renters
  • 28 ground and mezzanine retail tenancies

  Town planner Stephen Motti noted the project “exemplifies how innovative land use can address housing demand, increase density, and create vibrancy.” He highlighted the catalytic effect such developments have in revitalising city cores while meeting essential social needs.

• Restructuring of Star Entertainment: The $53 million divestment of Star Entertainment’s 50% stake in the Queen’s Wharf Brisbane casino has been finalised with its Hong Kong joint venture partners, Chow Tai Fook Enterprises and Far East Consortium. The transaction, which also involves the transfer of associated assets including Brisbane’s Treasury Hotel and car parks, marks a pivotal restructuring move.

  This exit allows Star to:

  • Avoid $212 million in future equity contributions
  • Be released from debt guarantees linked to the Queen’s Wharf development
  • Refocus on its Gold Coast assets amid liquidity pressures

  The deal ensures project continuity and secures more than 2,700 local jobs. According to Far East Consortium’s Wendy Chiu, it represents a “major milestone” in preserving long-term value for Queensland as Brisbane prepares for the 2032 Olympic Games.

  This shift also reflects growing scrutiny and financial pressure on Australian gaming operators, particularly with tighter regulation and pending penalties for compliance breaches.

4. Sum up

This week highlights strategic land and office transactions across South East Queensland, from medical precincts to creek‑front residential sites to high‑rise commercial leases. The replication of owner‑occupier demand underscores confidence in the local market.

Notably, Star Entertainment’s exit from the Queen’s Wharf Brisbane casino precinct marks a pivotal moment in Queensland’s hospitality sector—signifying both a financial reset for the company and a clear path forward for the precinct, with full ownership transitioning to long‑standing JV partners.

Commercial property in Queensland continues to showcase adaptability—from urban densification to suburban subdivision and corporate restructuring—positioning the market strongly ahead of major catalysts like Brisbane 2032.

5. References

• Yeates, C., & Kruger, C. (2025, August 13). Star strikes $53m deal to sell off wharf casino: Casinos. The Age, 24.

• Star Entertainment offloads Brisbane’s Queen’s Wharf precinct in $53m deal. (2025, August 12)

• Star Entertainment revives bid to sell 50% stake in Brisbane resort (2025, August 11). Reuters.

• Inside the mission to pull Star casino back from the brink. (2025). The Australian.

• Courier‑Mail. (2025, August 15). Boom city lures tenants. REAL COMMERCIAL.

• Courier‑Mail. (2025). Other articles processing transactions: including Meadowbrook, Hemmant, Townsville, Labrador, Jeays St, Gardak St, South Pine Rd, Focal Ave, Lutwyche Rd, King St, and Sentinel/Ebert

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

Market Overview

Queensland’s commercial property market recorded solid mid-market activity this week, with notable sales across retail, mixed-use office, and industrial sectors. Investors remain focused on assets offering rental reversion potential, surplus development land, and strong locational fundamentals. Brisbane 2032 Olympic-related infrastructure projects are drawing increased interstate attention to commercial property in precincts slated for upgrades.

This Week’s Highlights

Sales by Sector

Office & Business Parks

• 360 St Pauls Tce, Fortitude Valley
  OneFin bought a prominent Fortitude Valley office building for $10.55m. The three-storey asset offers approximately 1,400 sqm of net lettable area and 30 basement car parks on a 1,069 sqm mixed-use corner site. Zoning allows development up to 12 storeys. OneFin will undertake a full refurbishment, occupy part as its headquarters, and lease the remaining space.

• Brisbane Technology Park, Eight Mile Plains
  Dexus Industria REIT sold all its remaining business park properties in Brisbane Technology Park to two buyers for a combined $155m — slightly less than independent valuation — and will reinvest into industrial assets.

Industrial & Logistics

• 2684–2692 Ipswich Rd, Darra
  A Brisbane investor paid $9.4m for two modern industrial buildings constructed in 2008 on a 7,105 sqm site. The complex totals 3,863 sqm of GFA, configured into six tenancies and anchored by Rexel Electrical. The sale achieved a 5.38% yield. One tenancy expiring in October is significantly underrented, and the site benefits from prominent Ipswich Motorway exposure.

Retail & Large-Format Retail (LFR)

• Riviera Plaza, 4 Panitz St, Sorrento (Gold Coast)
  A Gold Coast investor acquired the 622 sqm Riviera Plaza neighbourhood centre for $8.525m on a 4.93% yield. The property sits on a 2,258 sqm island site, anchored by Roy’s by Gemelli. The off-market sale followed a major refurbishment and income uplift since its $2.4m purchase in 2020.

• The Woolcock Centre, 238–262 Woolcock St, Currajong (Townsville)
  Unikorn Capital purchased this fully leased large-format retail complex for $11m on a 7.9% yield. The property offers approximately 5,800 sqm of GFA on a 2.3 ha site, with a WALE of 2.58 years by income and net income of about $870,000 pa (ex GST). Around 7,500 sqm of mixed-use-zoned land remains for future development.

• 22 & 24 Smiths Rd, Goodna (Ipswich)
  Two adjoining properties sold for a combined $2.132m on a 3.7% yield. The 24 Smiths Rd site is leased to Australia Post on a 10-year term, while 22 Smiths Rd is a vacant site with DA approval for future commercial development.

Childcare

• 43 Murrajong Rd, Springwood
  A Queensland investor paid $7.685m for a newly built 116-place Una Early Learning centre on a 5.53% yield. The property is secured by a 15-year net lease with 3% fixed annual reviews and was developed on a site amalgamated from three former residential lots.

Notable Leases (Metro Brisbane)

General News

The Queensland Government has updated its plans, creating new opportunities for commercial investors.

• New Venues: A new 63,000-seat stadium will be built at Victoria Park. The new swimming venue, originally planned as a government-funded project, will now be privately developed near the Gabba.

• Relocated Athletes’ Village: The athletes’ village has been moved from Northshore Hamilton to the Ekka showgrounds. This change opens up Northshore Hamilton for substantial private development.

• Woolloongabba Redevelopment: The Woolloongabba area will undergo a major transformation after the Games, though previous affordable-housing targets for the area have been removed.

• Faster Development: Economic Development Queensland is being restructured to accelerate project delivery and offer developers more flexibility.

These changes are expected to lead to faster development of new precincts, offering more opportunities for mixed-use and retail properties. The increased construction activity and infrastructure spending will likely lead to stronger demand in the commercial property market.

Final Take

Olympics-linked infrastructure and long-term precinct planning are already influencing commercial market activity in Brisbane. This week’s results highlight the ongoing demand for assets with rental growth potential, redevelopment scope, and strong locational fundamentals — from inner-city mixed-use sites to regional large-format retail complexes.

References

• Elks, S. (2025, August 7). Brisbane Olympics venue shuffle unlocks 26,000 homes. The Australian. Nationwide News Pty Ltd.
• Herde, C. (2025). Valley site is the one. The Courier-Mail, REAL COMMERCIAL, p. 51.
• Herde, C. (2025). Developer’s triple treat. The Courier-Mail, REAL COMMERCIAL, p. 52.
• LEASES. (2025). The Courier-Mail, REAL COMMERCIAL, p. 52.
• Herde, C. (2025). Retailer cheers a new, bigger HQ. The Courier-Mail, REAL COMMERCIAL, p. 53.
• Herde, C. (2025). Signed, sealed … sold. The Courier-Mail, REAL COMMERCIAL, p. 54.
• Herde, C. (2025). Fund snares retail hub. The Courier-Mail, REAL COMMERCIAL, p. 55.
• Olympic gold for Brisbane hotspots. (2025, Aug 12). Financial Review.

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

Market Overview

Queensland’s property market continues to demonstrate resilience across commercial, development, and agricultural sectors. This week saw notable acquisitions in Brisbane’s urban fringe, strategic expansion from regional and coastal developers, and a $66 million pastoral deal in central western Queensland. Leasing activity in key business hubs remains robust, while revitalisation efforts in Townsville highlight investor confidence in regional urban centres.

This Week’s Highlights

Commercial Office

73 Amelia Street, Fortitude Valley

• Buyer: Building Employees Redundancy Trust (BERT)

• Sold: $11 million + GST

• Details:
  BERT acquired a vacant 1496sqm two-level office building with 13 car parks. Located near the future Olympic precinct, the purchase reflects $7352/sqm land rate and $6957/sqm building rate—among the highest for Brisbane’s fringe markets this year (Herde, 2025c).

Hospitality Investment

569 Brunswick Street, New Farm (Brunswick Hotel)

• Buyer: Pradella Group

• Sold: $12.8 million (4.5% yield)

• Details:
  Historic 1889-built pub sold off-market. Triple net lease to ALH Group with term extending to 2087. Previously purchased for $7.364 million in 2017 (Herde, 2025c).

Land & Development

22-24 Sylvan Road, Toowong

• Buyer: Immerse Projects

• Sold: $9.531 million

• Details:
  1760sqm site approved for up to 15 storeys. Located near key amenities and transit. Previously held for over 30 years. Plans for a high-quality residential project (Herde, 2025d).

163–167 Lutwyche Road, Windsor

• Buyer: LRP Developments

• Sold: $2.7 million + GST

• Details:
  Corner site to be developed into a two-level commercial complex featuring 1647sqm of GFA and seven tenancies. Construction pending DA approval (Herde, 2025f).

390-396 Flinders Street, Townsville

• Buyer: Naresh Devjani

• Sold: $840,000 (March 2023)

• Planned Development Value: $4 million

• Details:
  Former Metway Arcade to be transformed into 20 apartments and 28 commercial spaces. Council-approved, targeting completion by April/May 2026 (Smith, 2025).

Hospitality Accommodation

40 MacAlister Street, Mackay (International Lodge Motel)

• Buyer: Chandu Chatla

• Sold: $2.75 million

• Details:
  20-room CBD motel purchased off-market. Freehold acquisition reflects continued demand in regional accommodation assets (Herde, 2025f).

Retail Lease

SmartStores@Citiswich, Bundamba

• Tenant: Cafe 63

• Lease Term: 10 years

• Size: 206sqm @ $640/sqm

• Details:
  First major tenant secured in new $45 million workstore development. 20% of units already sold (Herde, 2025e).

Agricultural Investment

Taylors Plains, near Mungallala

• Buyer: Peter and Jane Hughes

• Sold: ~$66 million

• Details:
  34,000-hectare wagyu-focused property with capacity for 6500 cattle. Acquisition complements Hughes family’s broader $927m cattle empire (Lenaghan, 2025).

Institutional Investment

339 Coronation Drive, Milton

• Buyer: Acure (Brisbane Office Trust)

• Expected Price: >$80 million

• Details:
  A-grade 12,980sqm fringe CBD office tower with 93% occupancy. Targeted 9%+ distributions to investors. Acure raising funds for acquisition (The Australian, 2025).

Final Take

This week’s activity illustrates strong investor appetite across diverse asset classes—from office towers and pubs to development sites and large-scale cattle stations. Urban renewal and infill development continue to dominate Brisbane’s inner fringe, while regional towns like Townsville and Mackay attract value-add investments. Retail leasing and institutional trust activity signal depth in tenant and capital demand.

References (APA Style)

Herde, C. (2025c, August 7). Trusting in the Valley. The Courier-Mail, p. 57.
Herde, C. (2025d, August 7). Coast builder takes deep dive into Brisbane market. The Courier-Mail, p. 58.
Herde, C. (2025e, August 7). Cafe 63 brews up a new Citiswich lease. The Courier-Mail, p. 58.
Herde, C. (2025f, August 7). Exposure steers developer to premium inner-city site. The Courier-Mail, p. 59.
Lenaghan, N. (2025, August 4). Wagyu Rich Listers buy Qld property for $66m. The Australian Financial Review.
Smith, L. (2025, August 7). Derelict building’s $4m revamp. Townsville Bulletin, p. 5.
The Australian. (2025, August 7). Fund managers target Brisbane towers in deal wave. The Australian, p. 19.

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

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McGees‑Style Weekly Wrap-Up – Queensland

Week Ending 1 August 2025

Market Overview

Queensland’s commercial property market remains active, with transactions occurring in retail fuel, regional office, and development sites. Investors are particularly drawn to long-leased, income-producing assets in high-growth corridors like Ipswich and Caloundra. At the same time, political, regulatory, and reputational developments are shaping the risk landscape across construction, investment access, and corporate governance.

This Week’s Highlights

Retail & Convenience

2 Binnies Road, Ripley Central (Ipswich)

• Buyer: Investor linked to the Limbada family

• Sale Price: $8.15 million

• Details:
  Newly developed fuel and convenience centre anchored by 7-Eleven (12-year lease), Subway, and Starbucks on a 3723 m² corner site. Achieved a 5.63% yield with 146 inquiries and 8 offers, highlighting demand in fuel and fast-service retail (Herde, 2025a).

Regional Office Lease

45 Victoria Street, Mackay

• Tenant: Baguley Build

• Lease: 3-year term at $585/m² gross + GST

• Details:
  Spec suite leased pre-completion at Mackay Corporate Offices. The construction company secured high-spec fit-out space ahead of market listing, relocating from a smaller site in Gordon Street (Herde, 2025a).

Land & Development

9 Onslow Street, Golden Beach (Caloundra)

• Buyer: Cube Developments

• Sale Price: $10.775 million

• Details:
  1.12ha site, 100m from the beach. Development application lodged for 60 residential units. Zoned for 18m height. Strong demand (111 enquiries) confirms Caloundra’s growing appeal amid tight coastal land supply (Herde, 2025b).

General News

CFMEU Underworld Probe Expands

Queensland has broadened its royal commission into the CFMEU to investigate organised crime links, with allegations involving gangland figures negotiating with developers (Marin-Guzman, 2025; AFR, 2025b).
Impact: Raises compliance risks for construction-backed property deals and may lead to tighter oversight of unions and subcontractors.

Star’s Queen’s Wharf Deal Near Collapse

Star Entertainment may miss the July 31 deadline to finalise the sale of its 50% stake in Queen’s Wharf Brisbane to Hong Kong partners. Could trigger repayment of over $36 million and jeopardise the $3.6 billion development.
Impact: Adds financial instability to a flagship tourism asset in Brisbane (Skene, 2025).

Bowen Coking Enters Administration

Bowen Coking Coal appointed administrators, risking operations at the Burton Mine in the Bowen Basin. Royalty deferment was denied by the Queensland Revenue Office.
Impact: Signals growing financial stress in mining and could undermine regional employment and investment (Skene, 2025).

Proposed Wholesale Investor Clampdown – Explained

ASIC wants to raise the bar for who qualifies as a wholesale investor, arguing too many people qualify and may not fully understand the risks.

But:

• Most failed investments ASIC references were retail, not wholesale.

• The change would block successful everyday Australians—like doctors, engineers, and small business owners—from investing in commercial property syndicates, startups, or private credit funds.

• It could hurt Queensland’s commercial property sector, particularly in places like Townsville, Mackay, or the Gold Coast, where small-scale syndicates rely on wholesale investor capital.

In plain terms: This could stop many locals from investing directly in shopping centres, office towers, or development projects, forcing them into large institutional funds instead (Newman, 2025).

Brisbane Agent Scandal Shows Digital Pitfalls

Allegations surfaced of fake testimonials posted online by a top real estate agent’s marketing team in Toowong, misleading potential clients and misrepresenting rivals.
Impact: Highlights reputational risks in digital real estate marketing; regulatory inquiries underway (AFR, 2025c).

Final Take

Investor interest in Queensland remains healthy, especially for well-located, long-leased assets. However, broader developments—from proposed financial reforms to union investigations and stalled mega-projects—highlight how political and regulatory factors are influencing commercial real estate strategy. Investors, developers, and agents must navigate these shifts while leveraging opportunities in a competitive and fast-moving environment.

References (APA Style)

AFR. (2025b, July 25). CFMEU administrator calls for action as the rot spreads north. The Australian Financial Review, p. 8.
AFR. (2025c, July 30). Fake testimonials rock Brisbane realtors. The Australian Financial Review.
Herde, C. (2025a, July 25). Investors get pumped over service centre opportunity. The Courier-Mail, p. 58.
Herde, C. (2025b, July 25). Golden future arrives. The Courier-Mail, p. 57.
Marin-Guzman, D. (2025, July 25). Queensland CFMEU probe to investigate underworld. The Australian Financial Review.
Newman, C. (2025, July 25). Investment is being choked in the name of protection. The Australian, p. 21.
Skene, K. (2025, July 25). Queen’s Wharf deal is on brink. The Courier-Mail, p. 3.

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

Market Overview

Queensland’s commercial property market continues demonstrating strength and resilience. Institutional and private capital remain active in retail, industrial, large-format retail, and development sectors. However, rising council charges and proposed superannuation policy changes are beginning to influence investor sentiment.

This Week’s Highlights

Industrial & Logistics

59 Corymbia Place, Parkinson

· Buyer: Private Gold Coast investor

· Sale Price: $10.7 million

· Details:
7115 m² site with 3508 m² tilt-panel building. Fully leased to national tenants. Off-market deal with a 66% gain since 2020. Yield: 4.89%; WALE: 3.8 years.

Retail & Large Format Retail (LFR)

Westfield Chermside

· Buyer: Dexus Wholesale Shopping Centre Fund

· Sale Price: $683 million for a 25% stake

· Details:
Off-market JV deal as part of Scentre Group’s capital-recycling strategy. Westfield Chermside is Australia’s second-largest shopping centre.

1 Gateway Drive, Noosaville (Sunshine Coast)

· Buyer: Private Brisbane‑based family

· Sale Price: $20.15 million

· Details:
4446 m² LFR (large format retail) centre, fully leased. Anchored by Officeworks and Club Lime. Sold pre-campaign at a 5.75% yield; WALE: 1.4 years.

General News

E‑Commerce Driving Industrial Demand

· CBRE: Online retail sales hit 14.3% penetration in May 2025.

· Projected to reach 17% by 2029.

· Forecast: 1.7–1.8 million m² of extra logistics space needed in Australia over the next five years.

SMSF Tax Proposal Sparks Concern

· Federal proposal: 15% tax on unrealised capital gains in SMSFs above $3 million.

· Risks: Asset sales during downturns; generational succession at risk.

· Farmers and small business owners most affected.

· Strong opposition from The Nationals.

SEQ Council Rates Comparison

Annual Charges – SEQ Councils (2025–26)

Source Kerr, J. (2025, July 21) Courier Mail

*Waste cost included in general charges for Sunshine Coast.

1. Redland Most Expensive

• Redland tops the list with the highest total household bill at $4,931, driven by the second-highest general rates, most expensive waste service ($650), and high sewerage charges.

• The cost reflects unique service pressures, including island community access and extensive coastline maintenance.

2. Toowoomba’s Water Burden

• Toowoomba stands out with the highest general rates ($1,702) and by far the highest water cost ($1,380)—due to not participating in SEQ bulk water schemes.

• Despite lower waste and sewerage fees, water costs heavily inflate the total.

3. Somerset Remains Most Affordable

• Somerset is the most affordable at $3,368, over $1,500 less than Redland.

• Achieves this through low general rates, waste, and sewerage fees, plus a reduced emergency levy.

4. Brisbane & Ipswich: Cost-Controlled Urban Councils

• Both Brisbane ($4,007) and Ipswich ($4,028) offer strong urban services at below-average costs.

• Brisbane benefits from scale efficiencies, while Ipswich maintains modest waste and council charges.

5. High “Other” Charges Skew Scenic Rim

• Scenic Rim’s relatively high total cost is driven more by “other council charges” (e.g., infrastructure levies) than core utilities.

• Still maintains mid-range waste, sewerage, and water fees.

6. Moreton Bay & Logan Reflect Growth Pressure

• Logan and Moreton Bay show above-average costs due to infrastructure expansion needs, particularly in sewerage and rates.

• These areas are among the fastest-growing in Queensland.

7. Green Bin Charges & Water Delivery Variances

• Sunshine Coast and Noosa include mandatory green bin services, subtly raising their totals.

• Minor variations in retail water charges (e.g., Gold Coast’s $570) also reflect operational models across councils.

Final Take

This week’s transactions reaffirm the ongoing strength of Queensland’s core property markets. Investor appetite for retail and industrial assets remains strong. However, policy shifts—particularly in superannuation and council charges—are beginning to influence both commercial strategy and household affordability.

References (APA Style)

Dorrington, B. (2025, July 24). Online retail boom to fuel new demand for logistics space. The Australian. Nationwide News Pty Ltd.

Herde, C. (2025, July 21). Location seals the deal. The Courier‑Mail, p. 65.

Herde, C. (2025, July 21). Brisbane family snaps up Sunny Coast retail centre. The Courier‑Mail, p. 67.

Kerr, J. (2025, July 21). Winners, losers: SEQ’s most expensive, cheapest councils exposed. The Courier‑Mail (Online).

· Kenaghan, N. (2025, July 24). Westfield owner sells $683m stake in Brisbane mall. The Australian Financial Review, Property section.

Littleproud, D. (2025, July 21). Labor’s plan for this term is a frightening one. The Courier‑Mail, p. 21.

· Kwan, C. (2025, July 21). Gold Coast project up for sale after loan defaults. The Australian Financial Review, p. 32.

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation

Queensland Commercial Property Market Wrap – Week Ending 18 July 2025

Introduction

Queensland’s commercial property market continues to show resilience, with significant activity across industrial, office, retail, and residential development sectors. This week saw a series of notable sales and leases, alongside major policy developments out of Townsville aimed at stimulating investment and urban renewal. Strong buyer demand and a focus on adaptive reuse, industrial growth, and suburban retail underline the shifting dynamics in the state’s real estate landscape.

Retail Transactions

RedEdge Shopping Centre, Redland Bay
A private Brisbane investor acquired RedEdge for $18.5 million in an off-market deal. Anchored by IGA and supported by allied health tenants including a pharmacy and medical centre, the centre offers a diversified tenant mix in a fast-growing corridor. The asset last sold in 2017 for $15.6 million.

Metro Middle Park, Brisbane Southwest
Clarence Property paid $40.4 million for this Coles-anchored neighbourhood shopping centre in Middle Park. The 6411 sqm retail complex includes 38 specialty tenancies and sits on a 2.1-hectare site with longer-term mixed-use potential.

Industrial Transactions

117 Grindle Road, Rocklea
A private investor purchased this industrial business park for $35 million from Quintessential. The two-building estate sits on a 4-hectare site and offers over 20,400 sqm of lettable space. The asset previously sold in 2020 for $18.5 million, demonstrating strong capital growth in Brisbane’s industrial sector.

30 Seeana Place, Heathwood
Centennial sold the Heathwood Distribution Centre for $19.1 million, triple its 2016 purchase price of $7 million. The 7250 sqm warehouse is leased to Yokohama on a long-term agreement following significant refurbishment and expansion.

Office Transactions

73 Mary Street, Gympie
A premium office property in Gympie’s town centre sold for $1.05 million, delivering a net yield of 7.5%. The asset is fully leased to a café, a hair salon, and H&R Block, providing secure income from established tenants.

Brisbane Technology Park, Eight Mile Plains
Corval acquired a portfolio of seven buildings from Dexus Industria REIT for $115.2 million. The 1980s-era business park features a tenant base across life sciences, government, and technology. With just 2.8% vacancy, this is one of Brisbane’s strongest-performing suburban office precincts.

Residential Development

47 Skyring Terrace, Newstead
Consolidated Properties Group acquired the last remaining absolute riverfront development site in Newstead for $64.5 million. The 9368 sqm parcel is zoned for mixed-use and offers potential for up to 25 storeys. A development application for a luxury residential tower will be lodged later this year.

24 Monte Carlo Avenue, Surfers Paradise
Homecorp purchased this 1500 sqm riverfront site for $8.5 million. The developer plans to replace the ageing apartment complex with a new high-rise residential tower, citing strong ongoing demand for coastal lifestyle living on the Gold Coast.

Agribusiness & Rural

Balmoral Cropping Enterprise, Darling Downs
A consortium of local farmers purchased the 855-hectare Balmoral property for $25 million. Located near Pittsworth, the irrigated site includes 556 hectares under lateral irrigation and extensive water entitlements.

Leasing Activity

• 63–65 Beach Street: Berg Engineering signed a three-year lease on two adjoining office/warehouse units (990 sqm total) for $185,000 per annum.

• 11 Tradelink Road: Watts Engineering secured a three-year lease on a 207 sqm warehouse for $35,000 annually.

• 9/521 Beams Road: The Freedom Room leased a 107 sqm office for $25,000 gross per annum.

• 5A/14 Park Road: Goldfields Milton signed a two-year lease on a 187 sqm office at $90,000 per year.

• 7 Pendrey Court: Decopanels leased a 692 sqm warehouse for five years at $96,000 annually.

General News

Townsville’s $275K Development Incentives

Townsville City Council has launched the 2025/26 City Activation and Housing Incentive Policy, offering unprecedented support for commercial and residential developers. Key features include:

• Up to $275,000 in waived infrastructure charges for eligible developments.

• Dollar-for-dollar facade improvement grants up to $50,000.

• Subdivision incentives in established suburbs like Hermit Park and Currajong.

• Support for adaptive reuse of heritage buildings in the CBD.

The policy aims to stimulate job creation, urban renewal, and infill housing supply—positioning Townsville as a model for regional growth and revitalisation.

Pressure on Tradie Numbers Building – Construction Jobs Facing Labour Shortage

Despite construction’s $634 billion income in 2023–24, recent ABS and labour force data highlights looming workforce pressures:

• Construction is Australia’s third-largest sector and fourth-largest employer (1.3 million people), but employment fell 2.5% year-on-year to May 2025.

• Apprenticeship commencements in construction trades dropped 12% in 2024, with sharp declines in carpenters and plumbers.

• Only 12% of the workforce are women, and just 4% of trades roles are female-held, despite demand.

• Migrant labour remains underrepresented in trades due to visa policy mismatches.

• 130,000 workers aged 60+ expected to retire over the next decade.

Impact on Commercial Property Industry:

Workforce constraints in construction threaten delivery timelines and cost control across all asset classes. Industrial projects, suburban retail refurbishments, and infill residential developments may face increased risk of delay or cost escalation. Investors and developers should account for tightening skilled labour supply in feasibility assessments and consider regions with proactive workforce or training support programs.

References

Herde, C. (2025, July 10). Homecorp snaps up $8.5m site as an ‘unmissable opportunity’. The Courier-Mail, p. 66.

Herde, C. (2025, July 10). Newman offloads shops. The Courier-Mail, p. 66.

Herde, C. (2025, July 10). Sale backs up demand. The Courier-Mail, p. 65.

Smith, L. (2025, July 10). Building on solid ground. Townsville Bulletin, p. 18.

Miles, T. (2025, July 10). Two Queensland cattle and cropping farms fetch $45m at auctions. The Australian.

Wilmot, B. (2025, July 10). Dexus trust offloading Brisbane tech park. The Australian, p. 20.

Herde, C. (2025, July 10). Tower on the money. The Courier-Mail, p. 67.

Herde, C. (2025, July 10). Plans for riverfront gem. The Courier-Mail, p. 68.

Herde, C. (2025, July 10). City deals looking up. The Courier-Mail, p. 69.

Herde, C. Leases. (2025, July 10). The Courier-Mail, p. 66.

Kannan, H. H. P. (2025, July 17). Pressure on tradie numbers building – Construction jobs. The Australian, Real Commercial, p. 21

For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane

Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.

Liability Limited by a Scheme approved under Professional Standards Legislation