Burgess Rawson concluded its Portfolio Auction event in Brisbane with $12.235 million in transactions bringing the total to just over $70 million with a total of 22 sales.

Burgess Rawson Townsville Partner, Neville Smith, said the results highlight the continued strong demand for premium commercial assets, with exceptional sales and sharp yields across the board.

“We are seeing a continued appetite from investors for assets with stable income streams and solid tenant covenants,” he said.

(Photo Above) Medical centres were popular with 1352 Creek Road, Carina, transacting for $2.25 million, reflecting a sharp yield of 3.62 per cent. Leased to an Allied Health Clinic on a five-year net lease until 2027, the property offers a net income of $81,452 per annum.

Convenience retail assets also proved sought after with the United Petroleum at 200 Kingston Road, Slacks Creek (Photo Below) selling under the hammer for $5.61 million reflecting a 5.2 per cent return.

Mr Smith said the result represents the sharpest yield for a Queensland convenience retail asset transacting above $3 million since June 2022.

Elsewhere, the recently refurbished Pets Domain in McDowall Street, Roma sold for $1.475 million and a Midas and Chery dealership sold for $2.9 million.

Burgess Rawson CEO Ingrid Filmer said increased borrowing power has sparked demand across the country.

“On the back of the interest rate move earlier this year, bidder registrations have increased and we anticipate this to continue for the balance of 2025. Buyers are not wanting to miss the boat with many expecting further cuts to come.”

Ms Filmer also said she has witnessed a trend where investors are converting multiple residential properties into single commercial holdings to counteract rising land taxes.

“In Victoria, they’re moving toward single commercial properties to benefit from lower, recoverable land tax and secure longer-term tenants,” she said.

Highlights at the Melbourne auction include a state government leased asset in Broome, WA which attracted a whopping 162 bids before selling for $3,704,500 while the Morwell Hotel in Victoria sold for $3.495 million reflecting a return of 4.96 per cent. (Photo Below)

Entry level assets were also highly sought after with two neighbouring retail outlets in Woodend selling for $638,000 and $400,000 while the Cranbourne Grill and Kebab House in Cranbourne, Victoria sold for $980,000.

The Sydney portfolio auction event delivered strong results with a total of $37.74 million in sales, reaffirming investor confidence in high-quality commercial assets.

Burgess Rawson National Partner, Yosh Mendis said that of the 12 properties presented in Sydney, nine sold on the day showcasing the continued demand for well-leased and strategically located investments.

“Buyers responded positively to assets backed by national brands and essential service tenants, reflecting a preference for secure, long-term income streams,” he said.

Notable transactions included PFD Foods in Geebung, which attracted investors across Australia recording almost 50 bids before transacting for $7.52 million on a 4.82 per cent yield, and Devonport, Tasmania, which sold for $4.325 million.

Demand for convenience retail assets was strong throughout the three-day event with the biggest price achieved in Sydney being the $8.18 million transaction of Ampol at North Narrabeen, reflecting a 5.51 per cent yield.