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 well-known Bridie O’Reilly’s pub in Melbourne's Brunswick fetched $6.03 million at its hotly contested auction.
The 29 Sydney Road pub was sold to a local investor through Colliers International’s Guy Wells and Pat Connolly, along with Jonathon McCormack and Alex Ham of Gross Waddell.
The sale of the nearly 1,120 square metre site translates to a yield of 4.23%.
Bidding opened at $5 million and multiple parties threw their hat in the ring. 
The winning bid was by Peregrine Projects, a local developer with plans to retain the original heritage corner pub while developing up to 60 apartments over five levels on the remainder of the block.
The property was sold by local builder and investor John Connellan, who held the hotel for 18 years after redeveloping it for The Bridie O’Reilly group.
Formerly known as the Sarah Sands Hotel, it was extensively refurbished in 1997 and now operates as an Irish-themed pub and entertainment venue.
Situated at the corner of Brunswick and Sydney Roads with additional frontage to Black Street, the hotel comprises a ground floor lounge area, large dining room/nightclub area and an outdoor courtyard. 
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Melbourne's Bridie O’Reillys pub auctioned off above $6 million

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A purpose-built OneSteel Reinforcing property in Bundamba’s Citiswich Business Park in Brisbane has been sold to a Sydney-based private investor for $3.784 million.
The 48 Hawkins Crescent property is spread over 5,586 square metres in one of Brisbane’s fastest growing industrial growth corridors.
The Citiswich Business Park is a retail and manufacturing hub designed to cater for heavy industrial users.
It is home to companies such as The Reject Shop, Australian Pharmaceutical Industries and Masters.
Sam Stewart and Shaun Canniffe of JLL Industrial brokered the sale of the property, which attracted close to 50 enquiries.
Despite being purpose built for OneSteel Reinforcing, the 2,045 square metre facility hosts a generic floor plate packed with features to suit a wide range of industrial users.
With a guaranteed income until September 2019, and high levels of long-term growth predicted in the area, the property offers attractive future returns.
“The buyer saw significant value in the sites proximity to transport infrastructure and direct exposure to the Warrego Highway,” Shaun Canniffe said. 
For vendor Investec Australia Property Fund, the deal was about exiting a non-core asset at a good price.
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Industrial property in Brisbane's Citiswich sells for $3.78 million

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Markdel, the Mornington Peninsula thoroughbred training facility where Makybe Diva prepared for two of her three Melbourne Cup triumphs has been listed for sale by the Freedman brothers.
Makybe Diva trainer Lee Freedman and his brothers Richard, Michael and Anthony designed and built the 38-hectare Fingal property in 2002.
They then departed the farm in stages with Anthony the last to go in late 2012, when he moved his stables to Flemington.
Markdel includes an 85-box stable complex, a 1200-metre sand-based grass track, an 1800-metre rising railed sand track and a heated horse swimming pool among its many facilities and amenities. 
Markdel is being marketed by<a href="https://www.colliers.com.au/15673/#.Viyb52QrLu0"> Colliers International's agent Shane McIntyre</a>. It was listed mid-year.
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jchancellor-FAypfDUnLy

Freedman Bros Markdel equestrian farm remains for sale

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Three service stations in the NSW localities of Gundagai, Wyong and Salt Ash went under the hammer at Burgess Rawson's 100th portfolio auction. 
The one at 11 Dog on the Tucker Box Road (Hume Highway) Gundagai (above) , anchored by Shell-Coles Express, fetched $7.71 million.
The 14.94 hectare site with a major truckstop facility comes with an abundance of customer parking and bus/truck access.
A KFC, Subway, a 24-hour diner and cafe make up the rest of the property.
It earns a net $646,095 pa, with the Shell-Coles station making up nearly 48% of it.
At the winning bid, the yield works out to about 8.3%.
The selling agent was Rhys Parker.
The Salt Ash centre at 2893 Nelson Bay Road is leased out to the ASX-listed Caltex and fetched $4.7 million at the auction. 
Built in 2012/2013, it is currently on a 10-year lease to 2024, with options until 2039.
The site is spread over 2,164 square metres. 
The estimated net income is $275,858 pa + GST (Sept 2015), translating to a yield of about 5.9%.
The location is on the main road and has a traffic volume of 22,800 cars per day.
The Wyong station at 140 Pacific Highway fetched $1.25 million.
It is leased out to Westside Petrol for a 10-year period to 2025 with 3 x 10 year options.
The service station is a single tenant investment and earns a net estimated $87,964 annually, giving a yield of about 7%. 
There is a fixed 3% rental increase.
The tenant pays the outgoings (excluding land tax).
Wyong has a population of 154,976 people, which is expected to rise to 220,000 by 2031 and is less than 90 minutes from Sydney.
Both the Wyong and Salt Ash properties were sold by Rhys Parker and Darren Beehag. 
Commercial properties such as service stations are a big draw with investors because of a number of factors. The initial investment in a commercial property may be higher, but so are the returns, according to a blog on Burgess Rawson's website.
Also, major players as tenants means they take care of the outgoing payments, against residential property where the costs are borne by the landlord.
Beginning in 1975, Burgess Rawson established a nationwide network of offices and is Australia's largest locally owned and operated commercial property agency, marketing more than 10,000 properties and generating sales in excess of $25 billion over the past 40 years. For more information, <a href="https://www.burgessrawson.com.au/portfolio-auctions" target="_blank">click here</a>.
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Three service stations auctioned at yields between 6% and 8%

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Three medical centres went under the hammer at Burgess Rawson's 100th portfolio auction, with yields in the 5-6% range.  
The property at 1, Nettleford Street in ACT's Belconnen is leased out to Top 100 ASX-listed Primary Health Care Ltd and netted $8.65 million.  
It was second on the auction list and opened with a bid of $6.5 million.
The building spans 1,725 square metres and is fitted out with treatment and x-ray rooms, dental surgery and a pharmacy.
The land area is 9,706 square metres with parking space for 60 cars.
The asset's annual net income is estimated at $483,346, translating to a yield of about 5.6 percent. The rent increase is 3 percent.
The lease was recently renewed for 10 years with a five-year option expiring in early 2030.
The tenant pays all outgoings, including management fee.
Belconnen suburb has a population of 95,000 and growing.
The other two medical centres auctioned were in the suburbs of Sydney.   
The first, in Dee Why, is leased to PRP Diagnostic Imaging, and fetched $2.9 million.
The 5&amp;6/812 Pittwater Road property is set on 417 square metres, with a lease that expires in 2020.  
Set in the Northern Beaches, the property has prominent exposure to a six-lane arterial road.
The estimated net income is $195,132 per annum, with the yield working out to 6.7%.
PRP pays all outgoings, including management fee.
The annual rent increases to greater of CPI or 4%.
The property at Hawkesbury Road in Westmead is leased out to ASX-listed Laverty Pathology and was the centre of much drama at the auction.
Bidding started at $1.2 million and each time the hammer was about to strike, a fresh offer was made. This went on for at least five times until the hammer finally came down at $1.815 million. 
The pathology centre at Unit 6 of 151-155 Hawkesbury Road is leased out until 2019 end.
This medical centre is spread over 133 square metres of space and is part of a building occupied by medical specialists.
With an estimated annual net income of $107,780, the yield works out to around 5.9 percent.
The lease comes with annual CPI rent increases.
Laverty Pathology serves more than 4 million patients every year. 
All the properties were sold by Darren Beehag and Dean Venturato.
Beginning in 1975, Burgess Rawson established a nationwide network of offices and is Australia's largest locally owned and operated commercial property agency, marketing more than 10,000 properties and generating sales in excess of $25 billion over the past 40 years. fro more information, <a href="https://www.burgessrawson.com.au/portfolio-auctions" target="_blank">click here</a>.
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Three medical centres sold under the hammer

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A property leased out to industrial equipment maker Alfa Laval at Huntingwood fetched a cool $7.475 million at Burgess Rawson's 100th portfolio auction.
Alfa Laval has occupied the building at 14 Healey Street for the past 15 years. It lies 10 km west of Parramatta.
The property occupies 2,956 square metres for its office and warehouse. It is located on 7,658 square metres of land that includes car parking for 60.
The net income is estimated at $435,000 pa plus GST, giving a yield of about 5.8%.
The lease is for 10 years with a further five-year option.
Alfa Laval is a Swedish multinational company employing 18,000 people and is well-known for its heat transfer, separation and fluid handling technologies. 
It made sales of circa $6 billion in 2014.
The property has scope for "Stage 2 Warehouse" development.
There are annual rental increases and the tenant pays all outgoings.
The property was sold by Simon Staddon and Dean Venturato.
 
Beginning in 1975, Burgess Rawson established a nationwide network of offices and is Australia's largest locally owned and operated commercial property agency, marketing more than 10,000 properties and generating sales in excess of $25 billion over the past 40 years. For more information, <a href="https://www.burgessrawson.com.au/portfolio-auctions" target="_blank">click here</a>.
<h1> </h1>
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Huntingwood Alfa Laval building nets about $7.5 million at auction

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Fast-food chain Red Rooster's outlet at NSW's Coffs Harbour kicked off Burgess Rawson's 100th portfolio auction, selling under the hammer for $2.2 million. 
The <a href="https://www.burgessrawson.com.au/2P1072#.VjKwc94bSZw" target="_blank">5/380 Pacific Highway</a> eatery is on a renewed lease to April 2021 with three five year options.
It is a modern freestanding 291 square metre building built in 2006. The store has indoor and alfresco dining, a drive thru and parking space.
It sits alongside McDonald's BP, Gloria Jeans and Subway.
Net income from the lease is $109,873 pa + GST, working out for a yield of about 5%. 
It has fixed annual 3% rent increases.
The selling agents were Michael Vanstone and Dean Venturato.
Coffs Harbour is a beachside city with a population of more than 200,000 people and is a six-hour drive north of Sydney.
Beginning in 1975, Burgess Rawson established a nationwide network of offices and is Australia's largest locally owned and operated commercial property agency, marketing more than 10,000 properties and generating sales in excess of $25 billion over the past 40 years. For more information, <a href="https://www.burgessrawson.com.au/portfolio-auctions" target="_blank">click here</a>.
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Coffs Harbour Red Rooster secures $2.2 million sale 

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The Woolworths supermarket at Dural sold under the hammer for $19.65 million at Burgess Rawson's 100th portfolio auction.
It was bought by a local investor who shops at the store.
<a href="https://www.burgessrawson.com.au/buying/NSW/Hills/Dural/Retail/3P1167#.ViWpM94bSZx" target="_blank">The 508 Old Northern Road store</a> is currently on a 20-year lease to 2023 with options to 2053.
Located in Sydney's north western growth corridor, the supermarket is spread across 4,356 square metres. 
Its annual rent is $1,102,900, reflecting a yield of about 5.6 percent.
It was expected to sell circa $17,000,000.
It has 200 car parks.
The tenant pays all outgoings, including land tax as per lease.
The property was sold through Graeme Watson and Simon Staddon.
The agents noted this was a supermarket on an "old fashioned net lease," with the tenant paying outgoings that neither Coles nor Woolworths no longer agree to.
It was marketed as presenting not only as a rare investment opportunity but also a secure one.
Set 32 km from the centre of Sydney, it adjoins Dural Mall, a shopping centre with numerous specialty shops, all adding to Dural’s strong overall customer draw.
The Burgess Rawson agents fielded more than 100 inquiries leading up to the auction. The vendor was a Melbourne private investor who sold the Dural property for "family reasons."
Burgess Rawson is a leading investment sales specialist, pioneers of the portfolio auction system, which celebrated its 100th auction this October.
Beginning in 1975, Burgess Rawson established a nationwide network of offices and is Australia's largest locally owned and operated commercial property agency, marketing more than 10,000 properties and generating sales in excess of $25 billion over the past 40 years.
For more Burgess Rawson listings <a href="https://www.burgessrawson.com.au/portfolio-auctions" target="_blank">click here</a>.
 
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Dural Woolworths store sells to local for $19.65 million at Burgess Rawson auction

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The Waterhouse clan have bought a sizeable Randwick investment, but it's not trackside.
Robbie and Gai have emerged as the $10.75 mililon buyers of a nearby Belmore Road shop-top building with 12 residential apartments above three retail shops.
The art deco three storey building is a 905 sqm holding at <a href="https://www.domain.com.au/35-43-belmore-road-randwick-nsw-2031-2012088318" target="_blank">35-43 Belmore Road</a>, a premium position on the eastern side directly in front of a pedestrian crossing opposite Silver Street.
It was marketed as having a gross annual rental of $575,000, with tenants including Flight Centre, when sold recently by Michael Laing at Raine and Horne on a 5% gross yield.
There were 24 bedrooms all up.
The legal paperwork lodged by their solictor John Miller came without any registered mortgage.
Of course nearby Royal Randwick, to Gai's late trainer father, Tommy Smith, has always been hallowed turf. 
It was in 1941 when TJ went to the Australian Jockey Club and registered blue and green racing colors for himself, and took out a permit to train at Kensington, opposite Randwick. 
This article was first published in the Sunday Telegraph.
 
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Waterhouse clan buy Randwick shop top row

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A warehouse in Brisbane's Cooper Plains has been auctioned for a little more than $1 million through Raine &amp; Horne.
The <a href="https://www.realcommercial.com.au/property-industrial+warehouse-qld-coopers+plains-501643281" target="_blank">806 Beaudesert Road</a> property sold under the hammer for $1,012,000 to a partnership of two private investors, fetching slightly above the $900,000 reserve price.
The net yield works out at 6.6%.
The property has been home to a Goodyear franchise since 2004, with the firm recently committing to a new five-year lease.
The lease is worth $67,000 a year.
“This property clearly ticked many boxes given the credibility of the tenant and the length of the lease, with two-street access,” said Raine &amp; Horne's Joseph Grasso, who helped broker the deal.
“The only negative was some minor flood damage, caused when the Brisbane river flooded in 2011.”
The auction drew 22 registered bidders, with four offers prior to the auction.
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