Victoria
TRUGANINA - $34 million
A mix of owner-occupiers and investors have snapped up 39 strata units at the Compass Truganina estate, with the total transaction value exceeding $34 million.
The estate, located at 43-45 Bonview Circuit in Truganina, was developed by Mercator Developments.
CBRE’s Cameron Giles, Lachlan May, and Fergus Pragnell worked closely with Mercator Developments over a two-year period, providing strategic advice from the early design phase through to a detailed marketing campaign and final sales negotiation and settlement.
More than 85% of the units were sold before the project reached practical completion, and after achieving record pricing for the area, the estate has become a benchmark for strata industrial offerings in the city’s core west.
MOONEE PONDS - $2.01 million
A retail building at 54 Puckle Street, Moonee Ponds, has sold pre-auction for $2.01 million on a 4.41% yield, surpassing expectations amid a surge in interest in Melbourne’s prime shopping strips.
Marketed by Fitzroys agents Ervin Niyaz and David Bourke, the two-level 171sqm property is leased to long-standing tenant Ferguson Plarre on a secure 7+7-year lease.
Surrounded by major developments and national retailers, the property benefits from strong foot traffic, excellent transport links, and Moonee Ponds’ evolving live–work–play appeal.
EAST MELBOURNE - Undisclosed
A three-level office building at 344 Victoria Parade, East Melbourne, has sold in a standout transaction for one of Melbourne’s most tightly held commercial precincts.
Previously home to Virtus Health, the now-vacant property offers significant repositioning potential and drew strong interest from both local and international investors.
The sale was managed by CBRE’s Nick Peden, Sandro Peluso, Jamus Campbell, and Mark Granter, highlighting growing demand for well-located, adaptable office assets amid improving market sentiment and declining interest rates.
Queensland
MALENY - $13.75 million
Woolworths Maleny has sold unconditionally for $13.75 million, reflecting a sharp 5.12% yield, underscoring investor demand for secure, long-leased retail assets.
Fully leased to Woolworths Group until 2031 with options to 2056, the 5,225sqm site includes a 2,038sqm supermarket and 109 car parks in the Sunshine Coast hinterland.
The deal was brokered by Stonebridge’s Thomas Proberts, Michael Collins, Philip Gartland, and Justin Dowers.
TOOWONG - $9.531 million
Immerse Projects has acquired a 1,760sqm development site at 22–24 Sylvan Road, Toowong, for $9.531 million, marking its strategic entry into the Brisbane market.
CBRE’s Will Carman and John Nucifora managed the Expressions of Interest campaign, drawing strong interest due to the site’s prime inner-west location and proximity to key transport and amenities.
The Gold Coast-based developer plans to deliver a high-quality residential project, reinforcing Toowong’s appeal as a lifestyle hub and highlighting confidence in Brisbane’s growing development market.
VARSITY LAKES - $8 million
In a significant off-market transaction, private Brisbane-based developer Red & Co. has secured a prime 2,857sqm vacant development site at Varsity Lakes for $8,000,000, with plans to develop a 156-boutique residential apartment complex offering expansive views.
Transacted off-market by Colliers Queensland Residential experts Troy Linnane and Jackson Robinson, after previously being on the market through other agencies, the site at 22 Lake Street was sold on behalf of a private client.
Red & Co. are entering the market at a time where the Gold Coast faces escalating housing demand. With the city’s population forecast to grow by 388,300 people by 2046, more than 161,700 additional dwellings will be needed, requiring an average of 6,500 new homes to be delivered annually.
GOODNA - $2.132 million
Two adjoining retail properties at 22–24 Smiths Road, Goodna, have sold for a combined $2.132 million, achieving a sharp 3.70% yield—one of Brisbane’s strongest for 2025.
Marketed by Colliers’ Hunter Higgins and Shaun Seeto, the assets were sold separately via an EOI campaign, drawing strong interest from local and interstate buyers.
The Australia Post-leased 24 Smiths Road was secured by a Victorian investor, while 22 Smiths Road, a vacant DA-approved site, was acquired by a local Brisbane investor for future repositioning.
