Development Ready

Smaller lots are gaining ground in the Victorian land market as buyers look for ways to keep their budgets in check. According to the latest Colliers Victorian Residential Land Market Update, buyers became more value-conscious through the first half of 2026, favouring compact lot sizes that balance price with liveability. We spoke to the experts at Colliers about what the latest sales data says about buyer demand, developer strategy, and where the market is heading.

Queensland ARCHERFIELD & RICHLANDS – $73.8 million Two major south-west Brisbane industrial estates at 57–101 Balham Road, Archerfield and 848 Boundary Road, Richlands have been acquired by Capital Prudential (CapRu) from ESR for a combined $73.8 million, with the assets earmarked for CapRu’s CP Industrial Value Add Fund.

Developers are circling Sydney’s eastern suburbs, with tighter housing supply, clearer planning pathways and more stable market conditions putting premium sites back on the radar. After several tough years of high construction costs, elevated interest rates and lengthy approval processes, conditions are becoming more favourable for developers.

TAIGUM – $120 million Taigum Square, approximately 15 kilometres north of the Brisbane CBD, has sold for $120 million, with MA Financial Group acquiring the sub-regional shopping centre from Vicinity Centres as part of the vendor’s ongoing capital recycling strategy. The centre comprises 22,470sqm of gross lettable area and is anchored by Woolworths and Big W, alongside more than 59 specialty stores and kiosks.

CBRE’s 2026 Australian Shopping Centres Outlook forecasts just 700,000 sqm of new shopping centre space nationally between 2026 and 2028, as high construction costs and feasibility challenges constrain new developments. Most of the supply that is coming online is concentrated in neighbourhood centres. Floor space per person is also falling, reducing competition and lifting productivity. Here’s a closer look at what’s driving the supply shortage, and what it means for investors.

QUEENSLAND, 19 August, 2026 - A 3.76-hectare development site with approval for a service centre and exposure to more than 100,000 vehicles a day is being brought to market in one of south-east Queensland’s fastest growing corridors. Positioned along the Bruce Highway in Brisbane’s northern growth corridor, the Elimbah Enterprise Park forms part of a significant master-planned development incorporating more than 1,400 residential lots.

QUEENSLAND SOUTH BRISBANE – $255 million The prime-grade office and retail complex Southpoint at 275 Grey Street, South Brisbane has exchanged contracts for $255 million, with LDR Capital, the real estate investment arm of the Lederer Group, acquiring the asset for its new LDR Grey Street Fund.

Rare CBD Scale with Holding Income The property occupies a prominent corner position with 88.55 metres of frontage to Milligan Street and 30.32 metres to Wellington Street, providing a level of exposure rarely available for a CBD landholding of this scale. The site is currently improved by a fully leased two-storey commercial building occupied by Acknowledge Education, providing purchasers with holding income while future development plans progress.

Net effective rents rose 12.2% in Sydney CBD and 9.2% in Brisbane CBD over the 12 months to June 2026, according to Knight Frank’s Australian Office Indicators Q2 2026 report. Adelaide CBD recorded 4.6% growth and Melbourne CBD 4.3%, with annual net effective rental growth now above the 10-year average in every major CBD market except Perth. But higher rents have yet to trigger a new wave of construction.

REGIONAL VICTORIA - $38 million A four-property Motus automotive dealership portfolio across Traralgon and Leongatha has completed its sell-down for a combined $38 million, highlighting continued investor demand for purpose-built automotive assets backed by secure income and substantial underlying landholdings. The portfolio comprised four dealership investments and achieved a blended yield of 6.51%.