Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Commercial Sale

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The Obeid family is offloading a development site in Ultimo. 
The 488 square metre site at 129-135 Broadway, owned by former Labor minister Eddie Obeid's sons, Paul and Damian, is being marketed as a mixed-use opportunity with its position next to the University of Technology Sydney.
CBRE have been appointed to market the site. The Australian reports it will fetch $10 million plus.
It is expected to be popular with developers as well as pub operators and restaurateurs.
The B4-mixed use commercial building is leased to the Notre Dame University and Essen Restaurant &amp; Beer Cafe for a net annual income of $396,000.
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jonathanchancellor-7SQnKwU6yx

The Obeid's list Ultimo commercial site

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A standalone retail/office building with redevelopment potential at Oakleigh in Melbourne’s south-east has been sold for $630,000 to a private investor.
The 184 Warrigal Road vacant property sits on a land area of nearly 156 sqm.
Ray White Commercial Oakleigh’s George Kelepouris, who brokered the deal, said the buyers plans to renovate the property and then lease it out.
The boutique 170 sqm building includes a two-bedroom home.
Kelepouris said the building is zoned ‘commercial 1’ and has potential for a multi-storey apartment subject to council approval.
 
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prateek24-ezbwHMbNAk

Retail building in Melbourne's Oakleigh sells for $630,000

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 A Commercial 2 zoned property on the corner of Yarra Street, Abbotsford on the Melbourne fringes has sold for $1.3 million to a builder-developer.
The property, 178-180 Hoddle Street Abbotsford, has frontages of 10 metres to Hoddle Street and 26 metres on the side to Yarra Street to give a site area of 267 sqm.
Gray Johnson director and auctioneer Matt Hoath says that the property was put on the market at $850,000 which was in line with pre-auction expectations but the bidding escalated with a total of 90 bids recorded.
"178-180 Hoddle Street was offered for sale on behalf of a long term owner with vacant possession and presented a rare opportunity to acquire a City-fringe property that is ready for redevelopment," he said.
“I believe we witnessed Abbotsford site values catching up with those of adjoining suburbs like Richmond and Cremorne,"
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po-LsXgBTHBmX

City fringe auction result in Abbotsford for unloved property

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A developer has paid $8 million for a 1,194sqm site in South Melbourne with permit approval for an eight level mixed use development comprising 83 apartments and ground floor commercial space.
The site, 15-35 Thistlethwaite Street South Melbourne (above), was sold by Colliers International to a private Chinese developer with local ties.
Colliers International’s Hamish Burgess said interest in the Fishermans Bend precinct is going from strength to strength on the back of a number of projects in the precinct achieving strong pre-sales with encouraging sales rates.
"Plot ratio changes in the Melbourne CBD have also put further supply pressure on ‘developable’ land, making fringe precincts such as Fishermans Bend attractive alternatives,” he said.
Colleagues Andrew Ryan and Ted Dwyer sold a two level 953sqm office building at 11-21 Buckhurst Street to local developer Alpha14 for $5.5 million. 
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$8 million South Melbourne mixed use redevelopment sale

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Two shops in Sydney's prime eastern suburbs went under the hammer at Burgess Rawson's 103 portfolio auction recently.
Both shops 1&amp;2 and 3 at 50 Bayswater Road, Rushcutters Bay are single-tenant investments and on five-year lease terms.
Burgess Rawson is marketing the shops as good entry-level investments.
Net income from shops 1&amp;2 is $68,144 pa + GST, while Shop 3 earns $29,000 pa + GST.
Both investments come with annual CPI increases.
The location is in the midst of one of the most densely populated areas in Australia and is near to Sydney Harbour, parks, nightlife and transport.
Both properties are to be sold separately.
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Rushcutters Bay retail property listed 

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A freestanding retail building in Brisbane's CBD has sold to a Singaporean investor for $6.5 million.
The property, 105 Elizabeth building Street, is directly opposite the Myer Centre and was sold for $23,298 per square metre of NLA - a new Brisbane CBD record for retail assets outside of the Queen Street Mall according to sales agents CBRE.
The 279sqm building is situated on a site area of 516sqm and is fully tenanted.
CBRE’s Mike Walsh said six offers were submitted, including three overseas bids. 
"What was interesting to note was the clear distinction between domestic and offshore pricing, with the average offshore bid being 10 percent higher than the average domestic bid,” he said.
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Brisbane CBD retail building sells for $6.5 million

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A commercial property in NSW's Moss Vale anchored by IGA and Australia Post sold under the hammer for more than $9 million at Burgess Rawson auction.
The <a href="https://www.burgessrawson.com.au/buying/NSW/Southern-Highlands/Moss-Vale/Retail/2P1181#.Vzu_XSN97-Y" target="_blank">11-13 Clarence Street</a> building in the town centre is on a long and secure 15-year lease to IGA (Metcash) extending to 2023 with a further 15-year option.
The rest is securely leased to Australia Post extending to June 2021 with a five-year option.
The combined net income from the property is $670,596 pa + GST (as at 23/07/16) with around 90 percent coming from IGA (Metcash). 
A majority of outgoings recoverable from IGA, as per the lease and there is a guaranteed 3 percent fixed annual increases from IGA.
The auction amount of $9.03 was reported by the Australian Financial Review.
Moss Vale is a town in the Southern Highlands, an hour from Sydney's outer suburbs.
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 Australia Post leased building sells for $9 million 

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A portfolio of three commercial inner-city Melbourne properties has been solid on behalf of the estate of architect Walter Pollock for a total of $13.35 million.
The properties comprised 182-188 Clarendon Street, South Melbourne which sold for $5.985 million, $2 million above reserve, 341-345 Queensberry Street, North Melbourne which sold for $5.3 million, $2.3 million above reserve and 59-61 Park Street, South Melbourne  which sold for $2.065 million.
Fitzroys agent James Gregson said the properties fetched nearly 50 percent more than the $9 million-combined they were expected to realise.
"The 420sqm approx 182-188 Clarendon Street site sold on a remarkably sharp 1.6 percent yield and after receiving in excess of 100 buyer enquiries, the property ultimately selling on a land rate of $14,387 per sqm,” he said.
"The site features three street frontages and a functional 300sqm retail freehold, and was sold with a monthly tenancy in place returning significant income. The Commercial 1-zoned property was offered with the development potential of a height limit of six stories of 23.5 metres with no setbacks, or up to 19.5 metres of circa five levels.
"The corner site at 341-345 Queensberry Street (above) sold under the hammer for $5.3 million after being placed on the market at $3 million, reflecting a land rate of $14,000 per sqm and $21,000 per sqm. On a land area of 370sqm approx, it has three street frontages with improvements comprising a two-level freehold with excellent on-site car park."
The 246sqm corner retail/showroom investment site at 59-61 Park Street, was sold on a 4.98 percent yield with a lease term of 3+3 years and currently returning $103,415 plus GST.
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Inner-city Melbourne Walter Pollock portfolio sold

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A fully refurbished Frankston aged-care facility has recently sold for $5.05 million, as buyers actively target this sector to meet the needs of Australia’s ageing population.
The 45-bed facility at 382-384 Nepean Highway was offered to the market with vacant possession through an expressions of interest campaign. It has a landholding of 3,759 sqm.
CBRE’s Josh Twelftree, Scott Orchard and Josh Rutman negotiated the sale.
Twelftree said the property was snapped up by an owner occupier. 
“The opportunity to acquire an aged care asset was a key selling factor, with investors gaining confidence in the sector due to the projected future growth of Australia's elderly population – with individuals over 65 years predicted to increase from 2.5 million in 2002 to 4.2 million in 2021,” said Twelftree.
Australia currently has about 2,800 residential aged care facilities providing care to more than 160,000 elderly people. Over the next 10 years, the number of residents is projected to reach more than 250,000.
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Aged-care facility in Melbourne's Frankston fetches $5.05 million

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Retail property group Vicinity Centres has sold a portfolio of four sub-regional shopping centres in Queensland and Victoria for $841.4 million as part of its strategy to divest from non-core assets.
The team of Blackstone and Mirvac bought the assets in a deal negotiated by JLL's Simon Rooney, and was the largest retail portfolio sale since the ING Portfolio sale in 2010, according to a media release.
The portfolio consists of Toombul and Clifford Gardens Shopping Centre, both in Queensland, and Forest Hill Chase and Brimbank Shopping Centre in Victoria. The sale reflected a weighted average capitalisation rate of 7.0%.
Vicinity sold the assets to invest in its development pipeline and for acquisitions.
The acquisition follows Blackstone’s purchase of Rundle Place and 80 Grenfell Street in the Adelaide CBD ($400 million) in December 2015, the largest in SA history and a three-centre portfolio from Scentre Group ($655.5 million) in August 2015. Blackstone and Mirvac have an existing partnership as joint-owners of Westpac Place, 275 Kent Street, Sydney (since April 2014).
“Despite yields compressing over the past 12 months, foreign investors continue to see value in Australian real estate in a global context. The relatively high yields and stable market fundamentals are key attributes that are attracting offshore funds, along with high transparency and transaction scale," said JLL’s head of Retail Investments – Australasia, Simon Rooney.
“2015 was the highest year of offshore investment into Australian retail property, with over AUD 2.4 billion being sold to foreign investors. Blackstone has been a major driver of this capital inflow in 2015, but we are also now seeing strong interest from Singaporean investors and European insurance firms and pension funds.”
Retail investment volumes in Australia rose to record levels in 2015, with over $8.4 billion in deals. Sales of sub-regional shopping centres totalled $2.8 billion in 2015, marking the third record year of investment activity for this retail sub-sector.
The portfolio comprises four well-established sub-regional shopping centres, anchored by leading national retailers which occupy approximately 87% of gross leasable area (GLA) across the portfolio.
Clifford Gardens Shopping Centre: Located within the regional hub of Toowoomba, the centre extends to a total GLA of 27,789 sqm and is anchored by Big W, Woolworths and Coles. 
Toombul Shopping Centre: Close to the Brisbane CBD, the Toombul centre sits on a site area of about 98,850 sqm and has a total GLA of over 44,000 sqm. It is anchored by Coles, with other major outlets being Kmart, Target, Aldi and BCC Cinemas. Household hardware firm Bunnings is expected to open in 2017.
Brimbank Shopping Centre has a total GLA of 37,907 sqm and is anchored by Target, Coles, Safeway and Aldi.
Forest Hill Chase Shopping Centre has a Melbourne metropolitan location with a potential for further development subject to council approval. The centre extends to a total GLA of 61,470 sqm and is anchored by Big W, Target, Harris Scarfe, Coles, Woolworths, Aldi and Hoyts Cinemas.
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