QueenslandWoolloongabba - $9.35 million
DAKL Group has acquired a rare corner Woolloongabba PDA development site at 891–897 Stanley Street East, East Brisbane for $9.35 million, with holding income and 15-storey potential (STCA).
The 1,772sqm property was sold by long-term owner-occupier GW Homes, with CBRE’s Nick Wedge and Will Carman managing the transaction.
The buyer has also secured the neighbouring property to expand the combined footprint to 2,617sqm, positioning the site for a future residential outcome in one of Brisbane’s most tightly held inner-south precincts.
South Australia
Whyalla - $3.85 million
Colliers has sold the landmark Beach Hotel in Whyalla for $3.85 million to SA developer Lofty Building Group, which plans a near-term refurbishment and longer-term foreshore revitalisation.
The campaign, managed by Colliers’ Jordan Schmidt and Alistair Mackie, drew 25 Expressions of Interest and 16 inspections from a broad mix of owner-operators, investors and developers.
Located on a 4,983sqm waterfront site, the 40-suite hotel is Whyalla’s only accommodation asset with direct beach access and includes a restaurant/bar, conference facilities, pool and redevelopment flexibility (STCA).
Victoria
Geelong - $60 million
Wilmac’s Corio industrial estate has reached full completion and sell-out, with all 12 warehouses at 128–146 O’Brien’s Road transacting for more than $60 million.
The 22,577sqm development delivered rare 1,000sqm-plus facilities with Ring Road exposure, setting new Geelong rental benchmarks of up to $180/sqm.
The final 1,749sqm warehouse sold for $4.2 million to a repeat local investor. Sales were negotiated by Knight Frank’s Steve Jones, Nathan Edgar and Chris Bolsin with Tim Darcy and Andrew Prowse of Darcy Jarman on behalf of Wilmac.
Box Hill - $30.7 million
A newly completed 128-room hotel at 851 Whitehorse Road, Box Hill has sold for $30.7 million to an offshore investor, marking one of Melbourne’s notable hotel transactions in early 2026.
The deal was handled by Savills’ Benson Zhou, with the purchaser reportedly acquiring the asset with vacant possession.
Positioned around 14 kilometres from the Melbourne CBD, the four-star Trio Hotel Box Hill includes a 90-seat restaurant, bar, conference and event facilities, plus access to leisure amenities.
Sold unbranded and unoccupied, the asset offers flexibility for repositioning in one of Melbourne’s fastest-growing metropolitan hubs.
New South Wales
North Sydney - $20m
Colliers has sold 194 and 196A Miller Street, North Sydney on behalf of the NSW Government, with the two contiguous office buildings acquired by Monte Sant’ Angelo Mercy College in a strategic consolidation play.
The 2,289sqm assets sit adjacent to Victoria Cross Metro Station and were leased to Lendlease as a site office for the VicX Tower development.
The campaign was managed by Colliers’ Tom Appleby, Joseph Lin and Charlie Gilmour, with the sale reflecting a sub-1% net return and strong confidence in North Sydney’s evolving commercial precinct.
Narooma - $15 million
The Narooma Hotel on the NSW South Coast has reportedly sold for close to $15 million following an Expressions of Interest campaign led by HTL Property’s Blake Edwards and Sam Handy.
The landmark Campbell Street pub was acquired by Rodney ‘Ned’ Kelly of Kelly & Co Hotels after strong competition.
Overlooking Wagonga Inlet and the Pacific Ocean, the venue generates around $4.6 million in revenue and occupies a 2,000sqm-plus site. One of only two pubs in Narooma, it includes 12 poker machines and a 1am licence, underscoring continued demand for coastal hospitality assets.
Crescent Head - $5.58 million
Rancho Relaxo, a 137-hectare surf and wedding retreat at 678 Point Plomer Road, Crescent Head, has sold at auction for $5.58 million following a campaign that generated more than 520 enquiries.
The sale was managed by David Nolan of Webster Nolan and Heath Askew of Lifestyle Port Macquarie.
The property, sold by court-appointed trustees, was purchased by a member of the original owner’s family.
Spread across three titles, it accommodates 29 guests and features an 18-metre pool, tennis court and private lagoon.
Western Australia
NORTHBRIDGE - $8 million
Colliers, in conjunction with Axia Corporate Property, has sold 223 James Street, Northbridge for $8 million under the hammer, reflecting a sharp 3.63% yield.
The campaign was managed by Colliers’ Shane Isaacs and Aidan Austen alongside Axia’s Franco Gangemi and Wayne Mitsikas.
The two-level office building sits on a 1,440sqm landholding and is leased to the North Metropolitan Health Service, generating $291,704 in annual income.
Strong bidding highlighted demand for government-backed income streams with future redevelopment upside in Perth’s evolving city-fringe precinct.
