Latest News Articles

Investors spend $18.3 million on Australian childcare centres yesterday

Five Australian east coast childcare centre investments sold for a total of $18.311 million to separate buyers yesterday. The assets formed part of a portfolio of 16 properties which traded at a bulk auction event, held by Burgess Rawson at Melbourne’s Crown Casino. Most are exchanging on passing yields between 5 and 7 per cent, […]

Coles Drouin investment sells for $12.5 million

A Coles tenanted supermarket in Drouin, about 37 kilometres east of Pakenham, sold for $12.5 million at Burgess Rawson’s 133rd portfolio auction event yesterday. Interestingly, the vendor acquired the asset at 10 Hop Street three years ago at the agency’s 107th gathering. It cost $10.01 million, then. Covering a site area of 4,874 sqm, the […]

Ballarat investor snaps up Peter Stevens site for $8.7 million

An $8.7 million sale of land on a highly-visible corner shows continued commercial interest remains strong in major Ballarat thoroughfares, agents say. The land attached to the Peter Stevens Auto Dealerships at the corner of Creswick Road and Howitt Street was snapped up at auction by a Chinese-born, Ballarat investor this week. Burgess Rawson’s Raoul […]

Childcare centres, petrol stations drive $63m of auction sales

Investors stocked up on securely leased childcare centres and petrol stations but spurned a freestanding Bunnings warehouse in Horsham at the final commercial property portfolio auction of the year. Of the 11 childcare centres and petrol stations offered for purchase by agents Burgess Rawson, two sold before auction and six sold under the hammer at […]

Rare foreshore frontage site to spark developer rush

An exceptionally rare opportunity to secure a development site with foreshore frontage on Victoria’s coastline has hit the market. The centrally located site within the popular tourist town of Inverloch, 86km south-east of metro Melbourne, offers potential buyers the chance to create a sought-after mixed-use development just metres from the beach. Currently the long-time home […]

Create more bang for your buck

The softening of residential property prices and a volatile share market in recent years have persuaded many mum-and-dad investors to switch to commercial real estate, through which they can preserve and grow their portfolio’s capital value. The uptick in commercial property values has been particularly impressive for regional properties, while not detracting from their affordability, […]

Slurping up a hot investment

The appetite for fuel and convenience outlets is voracious, according to Burgess Rawson, as investors forked out $78 million for 15 stores leased to 7-Eleven in the agency’s October portfolio auction. The buying bonanza recorded a stunning average yield of just 4.67 per sent, with a store in the outer Sydney suburb of Liverpool netting […]

Hammer time on the North-West

The United service station at Wivenhoe and a key component of Devonport’s automotive precinct will be up for grabs at an auction next week. No. 53 Don Road, Devonport, is leased to Burson Auto Parts and represents an “outstanding entry level” investment opportunity. It is expected to attract investor interest of about $650,000. Burgess Rawson […]

Loan window widens, time is ripe for canny, cashed-up investors

There has been an uptick in lending to property investors in the second half of this year, the magnitude of which has not been seen since 2016, official figures reveal. The Australian Bureau of Statistics says there was a 4.7 per cent increase, to $4.6 billion, in loans for investments during September – the sharpest […]

147 Fenaughty Street for sale

THE office building at 147 Fenaughty St, Kyabram will be auctioned at Crown Casino next month after commercial real estate developers Burgess Rawson saw investment opportunity. The 1819sq m building with 130m of triple street frontage and six car parking spaces currently earns a net annual income of $143,681 and has all tenants on renewed […]