QLD Commercial Property Weekly Wrap-Up
Date: Week Ending 14 November 2025
Market Overview
Queensland’s commercial property market continued to display solid depth across retail, industrial, and development sectors this week. Regional activity remained strong, with record transactions in Mackay, Toowoomba, and the Sunshine Coast, while inner-Brisbane assets attracted competitive investor demand. Council planning actions and new policy reports highlighted both the growth momentum and ongoing structural challenges in the state’s planning and regulatory frameworks.
This Week’s Highlights
Summary of Key Transactions
| Sector | Address / Location | Type | Buyer | Seller | Price | Yield | Land / Building Area | Notes |
|---|---|---|---|---|---|---|---|---|
| Industrial | 25 John Vella Drive & 56–68 Maggiolo Drive, Paget (Mackay) | Sale | Baron Vanilla | Sentinel Property Group | $35,000,000 (combined) | N/A | 9538 m² (Maggiolo Dr site) | Largest industrial sale in Mackay in three years; 50% profit for vendor; 0% vacancy in large-format market |
| Industrial | 1084–1086 Kingsford Smith Drive, Eagle Farm (Brisbane) | Sale | Undisclosed owner-occupier | John Potter (developer) | $5,500,000 | N/A | 2550 m² land / 1225 m² building | Resale after one year; land rate $2157/m²; strong demand in inner-north precinct |
| Retail / Neighbourhood Centre | 81 Noosa Drive, Noosa Heads (Sunshine Coast) | Sale (off-market) | Private interstate investor | OzProp Capital | $35,200,000 | 5.31% | 7904 m² land / 5126 m² GLA | Anchored by Seasons IGA, KHub, and 4 Pines Brewery; 15% IRR achieved for vendor |
| Retail / Mixed-Use Precinct | 2 Binnies Road, Ripley (Ipswich Region) | Multiple lot sales | Various investors (national) | The Griffith Group | $26,145,000 (combined) | 4.59%–5.63% | N/A | Five retail investments including Starbucks, 7-Eleven, Subway; over 400 inquiries across campaigns |
| Retail / QSR | 6 Lawrie Street, Gracemere (Rockhampton Region) | Sale | Private investor | Developer (undisclosed) | $6,400,000 | 4.79% | 2223 m² site | 13-year head lease to Hungry Jack’s HQ; options to 2057; strong regional QSR demand |
| Retail / Ground Floor Investment | Lot 2, Westmark Milton, 22–36 Railway Terrace, Milton (Brisbane) | Post-auction sale | Local private investor | N/A | $3,640,000 | 5.96% | 715 m² GLA | Tenanted by Anytime Fitness; 10-year lease extension; capital value $6077/m² |
| Development Site | Lot 1 Moggill Road, Indooroopilly (Brisbane Western Corridor) | Sale | SCAS Leaf Pty Ltd | Brisbane City Council | $10,550,000 | N/A | 4637 m² | Site created after $257m Moggill Rd Corridor Upgrade; intended for medium-density residential |
| Development Site | 542–558 Hume Street, Middle Ridge (Toowoomba) | Sale (EOI) | Private offshore developer | Endeavour Foundation | $23,700,000 | N/A | 8.55 ha (85,500 m²) | Toowoomba’s largest development site deal in 18 years; achieved $277/m² |
Industrial & Logistics
25 John Vella Drive and 56–68 Maggiolo Drive, Paget (Mackay): Sentinel Property Group sold two industrial assets for $35 million to Baron Vanilla, marking the largest industrial deal in Mackay in three years. Sentinel achieved an estimated 50% profit, having originally purchased the sites for $9.25 million (2012) and $8.3 million (2020). The assets, fully leased and within Mackay’s premier industrial precinct, attracted national investor attention amid a zero per cent vacancy rate for warehouses above 2000 m². (Herde, 2025)
1084–1086 Kingsford Smith Drive, Eagle Farm (Brisbane): A freestanding 1225 m² industrial facility on a 2550 m² site sold to an owner-occupier for $5.5 million. The property last transacted in 2024 for $3.9 million. The sale reflects a land rate of $2157/m² and underlines the sustained scarcity of quality industrial stock in Brisbane’s inner north. (Herde, 2025)
Retail & LFR
81 Noosa Drive, Noosa Heads (Sunshine Coast): Noosa Junction Plaza was sold off-market for $35.2 million at a 5.31% yield. The 5126 m² retail centre, situated on a 7904 m² site, is anchored by Seasons IGA, KHub, and 4 Pines Brewery, alongside 17 specialty tenants. The transaction achieved a 15% internal rate of return for OzProp Capital over a 10-year hold. (Herde, 2025)
2 Binnies Road, Ripley (Ipswich Region): The Griffith Group divested five leased retail investments in its newly developed Ripley Central precinct for a combined $26.145 million, with yields ranging between 4.59% and 5.63%. Tenants include Starbucks, 7-Eleven, Subway, Bottlemart, The Cheesecake Shop, Sparkletown Car Wash, and Swim Factory. Over 400 inquiries were recorded across five campaigns, indicating strong demand for modern, freestanding retail assets in high-growth corridors. (Herde, 2025)
6 Lawrie Street, Gracemere (Rockhampton Region): A newly built Hungry Jack’s sold for $6.4 million on a 4.79% yield after attracting 110 inquiries and six formal offers. The 2223 m² site is secured by a 13-year head lease to Hungry Jack’s head office, with options extending to 2057. (Herde, 2025)
Office & Mixed-Use
Lot 2, Westmark Milton, 22–36 Railway Terrace, Milton (Brisbane): A ground-floor retail investment within the Westmark Milton complex sold post-auction for $3.64 million at a 5.96% yield. The 715 m² freehold volumetric title is tenanted by Anytime Fitness, which recently extended its lease for 10 years. The property includes one car park and 51 m² of storage and achieved a capital value of $6077/m² GLA. (Herde, 2025)
Development Sites
Lot 1 Moggill Road, Indooroopilly (Brisbane Western Corridor): Developer SCAS Leaf Pty Ltd acquired the 4637 m² site for $10.55 million. The land parcel was created following completion of the $257 million Moggill Road Corridor Upgrade and is zoned under the Indooroopilly Centre Neighbourhood Plan for medium-density residential development. (Herde, 2025)
542–558 Hume Street, Middle Ridge (Toowoomba): The Endeavour Foundation sold its 8.55-hectare Low-Medium Density Residential site to a private offshore developer for $23.7 million, achieving $277/m². The campaign drew 19 bids, marking Toowoomba’s largest development site sale in 18 years. (Herde, 2025)
General News
The Business Council of Australia’s 2025 Regulation Rumble Report ranked Queensland sixth nationally for business-friendliness, identifying the state as having the second most restrictive retail trading hours in Australia. The report criticised Queensland’s fragmented planning system, where 77 local councils maintain independent approval frameworks, increasing complexity and delays. BCA Chief Executive Bran Black called for unified state planning processes and modernised trading laws to suit contemporary consumer behaviour. Treasurer David Janetzki cited the creation of the Queensland Productivity Commission and the removal of two state taxes as evidence of reform momentum under the Crisafulli Government. (Ransley, 2025)
Policy & Planning
Norwell Valley Development, Northern Gold Coast: Gold Coast City Council has commenced planning investigations for the proposed Norwell Valley Development, which would deliver 40,000 residential lots alongside industrial, commercial, and open space components. The council voted unanimously to proceed with detailed planning work, with CEO Tim Baker authorised to negotiate cost-recovery agreements with project backers. Mayor Tom Tate confirmed that the City and State will form a working group involving senior planners, technical officers, and a probity adviser to manage the proposal. The project, described as the largest in the city’s history, remains subject to infrastructure feasibility assessment. (Weston, 2025)
Final Take
Queensland’s November activity underscores resilient investor sentiment despite regulatory and cost pressures. High-growth regional centres such as Toowoomba, Mackay, and Ripley continue to attract national capital seeking stable income and land value appreciation. The tightening of yields in neighbourhood retail and QSR assets reflects both limited supply and strong buyer competition. Policy developments, particularly the Norwell Valley initiative and calls for planning reform, highlight a strategic inflection point for Queensland as population and infrastructure demands accelerate.
References
- Herde, C. (2025, November 7). Roadworks seal deal. The Courier-Mail, p. 55.
- Herde, C. (2025, November 7). Retail appetite ramps up. The Courier-Mail, p. 57.
- Herde, C. (2025, November 7). Investor muscles into boom precinct. The Courier-Mail, p. 57.
- Herde, C. (2025, November 7). Future big for mega site. The Courier-Mail, p. 58.
- Herde, C. (2025, November 7). Investors hungry for fast food gems. The Courier-Mail, p. 58.
- Weston, P. (2025, November 11). Planning for growth: Council investigates ‘biggest’ development project yet. The Gold Coast Bulletin, p. 7.
- Ransley, E. (2025, November 10). Revealed: How Qld ranks for business-friendly regulations. The Courier-Mail (Online).
For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane
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