Burgess Rawson from CBRE’s Brisbane auction event was another standout with more than $21 million in transactions with the total over the three days surpassing $155 million.
Burgess Rawson from CBRE Senior Sales Executive, Craig Chapman said the Brisbane auction showcased demand for convenience retail and early education assets which continue to deliver strong performance, supported by resilient demand and stable income streams.
Highlights include the $2.107 million sale of a Bridgestone centre in Chuwar which yielded a tight 3.99 per cent, the sharpest recorded on the day.
Listing agent, Zomart He said we’ve observed a notable increase in Asian investment, particularly from Vietnam.
“Our latest portfolio auction saw two Vietnamese investors secure assets despite strong competition while some just missed out as underbidders, highlighting this shift. For many Asian investors, Australia’s robust legal framework and transparent property market offer a sense of security and predictability, making it an attractive destination for capital deployment.
“Once among the world’s poorest nations, Vietnam has successfully transitioned into a market-oriented economy by embracing private enterprise and attracting substantial foreign investment. Today, it stands as a major manufacturing and export hub in Southeast Asia. This growing economic strength is now reflected in outbound investment trends,” Mr He said.
In other sales on the day, an Ampol convenience retail store at Warana sold for $1.535 million reflecting a return of 5.51 per cent. The Caltex fuel store in Woodrigde sold for $7.25 million providing a yield of 5.75 per cent.
Mr Chapman noted they were sharps yield for Queensland located convenience retail.
The Sydney event was also a stellar success achieving a 100 per cent clearance on the day.
The top sale was a KFC and Salvos Store, that was in the one family for three decades, which sold for $7.12 million reflecting a stellar return of just 3.18 per cent. Additionally, there was a $10.5 million transaction of the medical centre in Torres Crescent, North Lakes, QLD which will give the new owner a return of 5.84 per cent.
The PRP portfolio, which is being sold through Mr Mendis, Geoff Sinclair, Luke Easton and Sam Mulcahy, was another standout with the Wollongong asset achieving $7.37 million providing a return of 5.7 per cent.
A bidding war erupted for the Oporto restaurant in Brookfield Road, Minto which sold through Darren Beehag for $3.71 million a sharp yield of just 3.8 per cent. Childcare was also a strong performer with a Goodstart Early Learning Centre in Hendra, Queensland selling for $5.27 million on a 3.6 per cent return.
The Melbourne event of Portfolio Auction 179 reaped more than $62.783 million in transactions, achieving an average yield of 5.85 per cent and a success rate of 73 per cent.
In Melton, an asset leased to Lake Imaging sold for $7.4 million while a BP in Caulfield South sold for $4.45 million reflecting a 5.41 per cent return.
Two Zambrero investments located in Cranbourne North, Victoria and Murray Bridge, South Australia were sold for $3.48 million (4.93 per cent yield) and $2.05 million (5.18 per cent return), respectively.
With no stamp duty to pay, assets in South Australia were also sought-after with three SA assets selling under the hammer.
The government-leased Whyalla asset sold for $3.25 million showing a return of 5.69 per cent while a BP in Burton sold for $6.595 million on a return of 5.31 per cent and the Pets Domain at Naracoorte sold for $1.997 million.
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