Australian Property Markets News

One of Ballarat’s most prominent hospitality assets, the Golden City Hotel, has been listed for sale through Burgess Rawson agents Romanor Falconer and Raoul Holderhead. Established in 1856 and located in the heart of Ballarat’s CBD at 429 Sturt Street, the Golden City Hotel has been a fixture in Ballarat’s hospitality scene for generations. The beautifully renovated two-storey Victorian building is fully leased to an experienced operator and trades seven days a week across a range of services including breakfast, lunch, and dinner. The iconic venue will go under the hammer as part of Burgess Rawson’s Investment Portfolio Auction 176 on Wednesday 14 May at Crown Casino. Read the full article in the comments section below. #BurgessRawson #ForSale #GoldenCityHotel #Ballarat #Hospitality #PropertyNews

Stonebridge Property Group and Colliers Retail Middle Markets are pleased to exclusively present for sale Sunbury South Town Centre – a permit-approved major town centre site with an Agreement for Lease to anchor tenant Coles in Melbourne’s rapidly expanding Northern Growth Corridor. This expansive 10.33ha mixed-use development site boasts prominent frontage to major arterial Sunbury Road and is strategically positioned south of Sunbury CBD. The site is centrally located within Sunbury South, designated to service the existing and rapidly growing broader catchment. It offers the ability for staged development with options to sell down or realise profits through the development cycle. Read the full article in the comments section below. Tim McIntosh Justin Dowers Julian White #Stonebridge #Colliers #SunburySouthTownCentre #MixedUse #Development #Retail #PropertyNews

A high-quality and well-located industrial facility in Adelaide’s inner north has sold for $50.5 million in an off-market deal. The 9.413-hectare site at 8-16 Vater Street in Dry Creek, 16 kilometres north of the Adelaide CBD, was purchased by Harmony Property Investments in a deal negotiated by Max Frohlich and Ryan Mills of Knight Frank. The property is 100% leased with existing improvements of 18,109 square metres, comprising the main warehouse of 15,813 square metres, in addition to a workshop of 2,296 square metres and licence agreement over a 14,588 square metres hardstand. Read the full article in the comments section below. #KnightFrankAustralia #Industrial #Warehouse #Hardstand #Adelaide #DryCreek #PropertyNews

Cooma’s Centennial Plaza, a prominent Coles-anchored neighbourhood shopping centre in the Snowy Mountains, has sold for $13.725 million to a Brisbane-based syndicator.  JLL’s Sebastian Fahey and David Mahood brokered the sale. The deal was concluded post the close of the Expressions of Interest (EOI) campaign and was sold by Adelaide based syndicator FRP Capital and purchased by Brisbane based syndicator Nat Gen.  Read the full article in the comments section below. #JLL #Retail #ShoppingCentre #Sold #CentennialPlaza #Cooma #PropertyNews

Investors have the chance to acquire a divine hospitality-leased asset – with its own church spire – in one of Melbourne’s fastest-growing inner city locations. Fitzroys’ Ervin Niyaz and Chris Kombi are marketing 23A Gladstone Street, Moonee Ponds on behalf of a private vendor. Expectations are of S2.2 million-plus. Read the full article in the comments section below. #Fitzroys #ForSale #Investment #Development #Hospitality #MooneePonds #PropertyNews

Renters in New South Wales have been handed yet another major win after the Supreme Court ruled a product designed to replace traditional rental bonds does not comply with the State’s tenancy laws. Last month the Court dismissed an application by ZeroBonds, a company offering an alternative to upfront rental bonds, and confirmed its Bond Replacement Product and Bond Reversal Product were not in line with the Residential Tenancies Act 2010. NSW Rental Commissioner, Trina Jones said, “Rental bond processes should be fair, transparent and lawful so we welcome this decision which is a win for tenants who won’t be burdened with unnecessary and unlawful fees.” Read the full article in the comments section below. #NewSouthWales #ResidentialTenanciesAct #RentalBond #Rents #PropertyNews

CBRE’s Alex Grima and Sasan Misaghian managed the lease negotiation for 31 Goodall Close. The tenant is SJ Display Group who design, manufacture, and distribute retail display solutions worldwide. SJ Display Group will consolidate its operations from two locations into this prime site, occupying approximately 8,590 sqm. This move is expected to streamline their operations, enhancing logistics and distribution efficiency. Read the full article in the comments section below. #CBRE #SJDisplayGroup #Industrial #Lease #Dandenong #PropertyNews

The outlook for the retail sector is increasingly positive following a challenging period, with conditions in place for growth from 2025, according to Knight Frank’s latest research. The firm’s Australian Retail Review – April 2025 found positive signs for the sector included improving retail sales and the return in asset value growth. Knight Frank Senior Economist, Research and Consulting and report author Alistair Read said retail sales growth was gaining momentum, up by 3.6% over the year to February in nominal terms. “Looking ahead, the outlook for retail sales is positive – with 3.5% forecast growth over 2025 – as some of the pressures on household budgets start to ease and in turn spending starts to improve,” he said. Read the full article in the comments section below. Campbell Aitken #KnightFrank #Retail #Sales #Insights #PropertyNews

The Finance Brokers Association of Australia (FBAA) welcomes the recent housing policy announcements from both the Federal Government and the Opposition. “We support workable and sound measures that remove unnecessary barriers to home ownership,” says Peter J White AM, Managing Director of the FBAA. “We commend both major parties for prioritising this in their policies and for their innovative announcements, which we support in principle.” Read the full article in the comments section below. #FBAA #HomeOwnership #HousingPolicy #AustralianHousing #FinanceBrokers

Choosing the right builder for a new home can be a time-consuming and stressful decision, and one currently being faced by more than 23,000 Australian buyers who began construction in the third quarter of 2024 alone. Many buyers are finding unique advantages in working with local builders – they offer extensive knowledge of the local area, building codes, design trends, have relationships with developers, and understand the local clientele – but what they often lack is the support and resources of a national company. One of Australia’s leading builders, G.J. Gardner Homes, is bringing all these elements together through the specific tailored approach of a local builder with the support and backing of a national brand, providing a more affordable and connected option for its customers. Read the full article in the comments section below. #GJGardnerHomes #Construction #Residences #Home #Residential #PropertyNews