$3.4M (4.67%) Off-Market Sale Secures Premium Childcare Investment in Noosaville

A high-performing childcare investment in Noosaville, Queensland has sold off-market for $3.4 million, delivering a strong yield of 4.67 per cent. The transaction was handled by Burgess Rawson from CBRE, represented by Associate Director Josh Scapolan. 

Mr Scapolan said the result follows Burgess Rawson from CBRE’s recent national portfolio auction event which saw nearly $40 million in early education assets transacted. “The event recorded yields as sharp as 3.89 per cent, underscoring the sector’s resilience and investor appetite,” he said. 

The property, located at 10 Swanbourne Way, is tenanted by Goodstart Early Learning, Australia’s largest early learning provider. It is secured by a 10-year net lease to December 2030, with two further five-year options extending to 2040. The lease includes annual rent increases to the greater of CPI or 3.0 per cent, and the tenant pays all outgoings excluding land tax. 

Purpose-built and licensed for 75 long day care places, the centre sits on a 2,591sqm landholding with a 55m frontage in a tightly held and under-supplied childcare catchment. The site is strategically positioned opposite a retail centre anchored by Liquorland and surrounded by major national tenants including Officeworks, Bunnings, and 7-Eleven. 

The property generates a net income of $159,088 per annum plus GST, supported by 100 per cent occupancy and a waitlist. Its zoning as a Neighbourhood Centre under the Noosa Shire Council Planning Scheme offers potential for future upside. 

Noosaville continues to attract strong investor interest, with a median house price of $1.95 million, significantly above the Queensland median. The broader Noosa region is experiencing sustained growth, with a projected population increase to over 70,000 by 2045 and a diversified economy contributing $4.02 billion in GRP. 

This sale reinforces the strength of Queensland’s childcare investment market, particularly in premium coastal locations like Noosaville, where secure leases and strong yields continue to attract institutional and private capital.