New South Wales
Wollongong - $103 Million
Colliers has sold Corrimal Village in an off-market deal for $103 million on behalf of MA Financial, marking the largest non-metro neighbourhood centre transaction since 2021. The sale reflected a passing yield of 5.13%.
Located less than six kilometres from Wollongong CBD, the 9,760sqm centre is anchored by Woolworths and Dan Murphy’s and supported by 33 specialty retailers across a 30,640sqm landholding.
The transaction was led by Colliers’ James Wilson, with the asset acquired by a high-net-worth NSW investor, highlighting continued demand for defensive, daily-needs retail with long WALE security and resilient income fundamentals.
Tamworth - $33.4 million
Colliers has completed the off-market sale of Southgate Shopping Centre in South Tamworth for $33.4 million, achieving a sharp 5.50% yield in one of Australia’s standout regional retail transactions. The Coles-anchored neighbourhood centre was sold on behalf of IFM Investors to a private buyer.
Positioned on an 8,737sqm site with 4,851sqm of GLA, the centre is underpinned by a strong daily-needs mix including Coles, pharmacy, liquor and Australia Post, supporting long-term income security in a growing regional catchment.
The transaction was managed by Colliers Retail Middle Markets team James Wilson and Ben Wilkinson, reflecting continued investor demand for defensive supermarket-backed retail assets.
Wetherill Park - $9.75 Million
ReVest Property Group has successfully sold 2 Lagana Place, Wetherill Park for $9.75 million following a highly competitive Expressions of Interest campaign.
The 4,899sqm industrial-zoned landholding is one of the final land release opportunities in the tightly held Wetherill Park precinct, sold fully serviced, registered and ready for immediate development.
The purchaser will progress an existing CDC concept for a 3,237sqm industrial business park to be strata-sold as individual units, with completion anticipated in late 2026.
Kogarah - $4.35 Million
Colliers, together with Urbis, has sold 2A Belgrave Street, Kogarah to Oscars Group for $4.35 million, reflecting a sharp 4.14% net yield on behalf of Telstra.
The three-level 1,267sqm mixed-use freehold sits on a 534.6sqm MU1-zoned site with dual street frontage, strong holding income and future adaptive reuse or redevelopment upside.
The campaign generated more than 250 enquiries and 15 inspections, and was led by Colliers’ James Cowan and Trent Gallagher alongside Urbis.
Mosman - Undisclosed
Colliers has sold a tightly held Mosman trophy corner at 713–715 Military Road for the first time in more than 30 years, with AirTrunk founder Robin Khuda acquiring the landmark mixed-use asset following a highly competitive Expressions of Interest campaign.
The 587sqm corner site at Military Road and Gouldsbury Street is fully leased to seven tenants and traded at around $25,000 per sqm of land, reflecting a circa 4% net passing yield and strong demand for premium village investments.
The sale was managed by Colliers’ Tom Appleby and Guillaume Volz.
Queensland
Moreton Bay - $19 Million
JLL has negotiated the off-market sale of a 15.6-hectare cleared landholding on Callaghan Road,Narangba, achieving a rate of $1.4 million per developable hectare in Brisbane’s northern growth corridor.
The competitive off-market process was managed by JLL’s Liam Petersen and Jake Burrowes on behalf of a private developer, with Trask Land securing the site.
Located within the Narangba East Investigation Area, the 156,000sqm parcel offers long-term planning upside and strong connectivity to the Bruce Highway, reinforcing rising developer demand for large-scale land with future residential and employment potential.
Victoria
St Kilda rd - $100 million
Kokoda Property Group has agreed to acquire Dymocks Properties’ 6,085sqm dual-frontage super site at 441 St Kilda Road for more than $100 million, setting the stage for a landmark parkside luxury residential project.
The group plans an 18-storey, wellness-led development with a curated ground-floor hospitality and retail offering, capitalising on St Kilda Road’s transformation into one of Melbourne’s most coveted residential corridors.
Founder Mark Stevens said stabilising sentiment and favourable construction conditions are driving renewed confidence, while Dymocks Properties CEO Cathy Tiberio said the sale reflects a strategic, generational outcome for the group.
Dandenong South - $12.1 Million
BOC Limited has sold its long-held industrial site at 111 Frankston-Dandenong Road, Dandenong South, for $12.1 million, with the 15,484sqm holding acquired by a private developer after becoming surplus to requirements.
The campaign was led by CBRE’s Patrick Noone alongside Alex Grima and Sasan Misaghian, attracting strong interest from owner-occupiers, investors, transport operators, trade retail groups and industrial developers.
The result reinforces continued demand for infill industrial land in Melbourne’s south-east, with the buyer planning to deliver a new industrial estate as part of a broader expansion strategy in the tightly held Dandenong South precinct.
