Development Ready

Brought to market by Gross Waddell ICR's Michael Gross and Andrew Greenway in conjucntion with Cushman & Wakefield's Jack Cooper and Hamish Burgess. Positioned within one of Melbourne’s most prestigious inner-south suburbs, this prominent Elsternwick corner site benefits from exceptional connectivity, established retail amenity and strong surrounding residential demand.

New South Wales SYDNEY -  $193 million A portfolio of logistics assets at 63 Jedda Road, Prestons and 78 Templar Road, Erskine Park has sold for a combined $193 million, highlighting continued institutional demand for premium Sydney industrial assets. The portfolio comprises 44,980sqm of modern warehouse space, fully leased to national and global tenants, providing secure income with remaining lease terms of 9.6 years and 3.5 years respectively.

The firm’s Australian Industrial Review Q1 2026 found that east coast vacancy edged up just 0.1 percentage points to 3.9% in the first quarter. New industrial completions are forecast to fall a further 20% this year after a 19% decline in 2025. The resulting two-year supply correction is expected to drive renewed rental growth across key east coast markets.

By Nick Materia - CEO & Founder of Ready Media Group Buyer pools have tightened and capital allocation has been more selective. The agents we work with every day have had to fight harder for every result. We see it. We feel it. And we're here to help you push through it. The buyers are still out there, but they're not where they used to be. Marketing your listing the way you did five years ago means missing prospects you didn't even know existed, however reaching them takes a different approach.

The first residents are set to move into Sceniq Bilambil Heights, with Brisbane-based SKF Development completing the first two stages of its $63 million residential community and delivering a much-needed boost to housing supply in the Tweed region. Located on a 15.8-hectare site in Bilambil Heights, Sceniq will ultimately deliver 100 homesites, with many lots capturing ocean and hinterland views.

The Toogoom Island Portfolio, located approximately 20 kilometres north of Hervey Bay and within proximity to K'gari (Fraser Island), is being offered for sale via Deceased Estate after 17 years of ownership. Comprising a freehold island holding of approximately 57 acres together with a 12-acre mainland dry-block compound, the offering includes extensive infrastructure, established access arrangements and a range of improvements rarely seen within a single property transaction.

New South Wales ROUSE HILL - circa $40 million A major development site at 99–101 Schofields Road, Rouse Hill has sold for circa $40 million, with NEX Property acquiring the DA-approved project amid shifting market preferences. The 33,600sqm site carried approval for a six-building apartment development comprising 520 apartments, however the purchaser is expected to explore alternative housing outcomes focused on lower-density product and improved deliverability.

Australia’s major CBD office markets are recording some of their fastest rental growth in the post-pandemic period, and the gap between premium buildings and the rest of the market is widening. According to Knight Frank’s Australian Office Indicators Q1 2026 report, Brisbane led the east coast, recording 11.7% annual net effective rental growth over the 12 months to the end of March. Sydney followed at 10.2%, with Melbourne posting 6.8%.

Transaction activity across Australia’s commercial capital markets slumped in the first quarter of 2026, as geopolitical uncertainty and shifting interest rate expectations weighed on sentiment. Volumes dropped to $7.3 billion in Q1 2026, down from $15.3 billion in Q4 2025, according to Knight Frank’s Australian Capital View - May 2026.

Brought to market by Cushman & Wakefield's Leon Ma, Hamish Burgess and Joe Kairouz. Positioned within Melbourne’s prestigious inner-east, this Glen Iris site benefits from strong surrounding residential demand and proximity to established education, retail and transport infrastructure. Glen Iris continues to be one of Melbourne’s most tightly held suburban markets, supporting ongoing development activity. The property offers developers a rare opportunity within a premium metropolitan location.