Exceptional Mixed-Use Development Opportunity in Morley, Western Australia

65-79 Russell Street, Morley, Western Australia is now on the market, offering a prime development opportunity in the heart of the Morley Activity Centre, directly opposite the Morley Galleria.

Colliers Retail Middle Markets are pleased to present for sale 65-79 Russell Street, Morley in Western Australia, a core development opportunity located in the Morley Activity Centre 10km from Perth CBD. Directly opposite the proposed $350 million redevelopment of Morley Galleria, which is due to commence initial works in 2025, 65-79 Russell Street is strategically positioned to become a cornerstone project in Morley’s ongoing urban evolution.

Colliers Head of Retail Middle Markets, Australia, James Wilson, State Chief Executive, WA Richard Cash andExecutive, Investment Services, Aidan Austen are appointed to sell the development site on behalf of our valued client.

Mr Cash said “The expansive 18,439m² site,  features a 10,303m² former Bunnings Warehouse—including a 3,955m² yard area—and is strategically located in the heart of Morley. With its substantial scale, adaptable zoning, and a prime central location, this property offers a rare opportunity for a transformative development—positioning it as a potential flagship project in Morley’s continued urban renewal.”

Morley is experiencing sustained population growth located just 10km north-east of the Perth CBD, with the current population of approximately 75,981 projected to reach 100,000 by 2050¹, which is a significant 31.61% increase. This growth is underpinned by ongoing residential development, including 182 new dwellings approved for construction in the 2024–2025² financial year alone.

Mr Cash said “Importantly, future urban expansion is being strategically concentrated within the Morley Activity Centre, reinforcing the area’s role as a key hub for commercial, residential, and mixed-use development. This aligns seamlessly with the site’s prime location opposite the bustling Morley Galleria Shopping Centre and its flexible zoning, positioning it as a cornerstone project in the suburb’s transformation.”

With its prime location opposite Morley Galleria and strong population growth in the area, this site is perfectly positioned to become a landmark destination in Perth’s inner north-east.

Mr Wilson said “Western Australia’s economic momentum continues to build, topping the CommSec State of the States report for the third consecutive quarter. Surging population growth is fuelling labour and housing market strength, with retail sales up 5.71% year-on-year as of March 2025. Retail transactions have already climbed 43% year-to-date, reflecting rising consumer confidence. In this climate, development sites—rarely brought to market—stand out as prime opportunities for investors seeking exposure to WA’s thriving economy.”

Mr Austen said “The tightly held nature of development sites highlights the rarity with which these assets come to market. Against the backdrop of WA’s thriving economy, such sites as 65-79 Russell Street, Morley represent a compelling investment opportunity for both domestic and international capital.”

This rare opportunity to acquire a development site with a wide range of redevelopment possibilities is being exclusively marketed by Colliers through an Expressions of Interest (EOI) Campaign closing 2:00pm AWST on Thursday, 18th July 2025.

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¹ City Profile, City of Bayswater

² idCommunity, City of Bayswater