MARKET MOVES VIC DESCRIPTION
SALE $
VENDOR/PURCHASER AGENCY
A neighbourhood shopping centre at 177–197 York Street, Sale has been successfully transacted, highlighting strong demand for defensive retail assets. The IGA-anchored centre attracted 100+ enquiries and 30 data room participants, underscoring continued investor appetite for assets with secure, long-term income.
177–197 York Street, Sale
CBRE's Jamie Hess, Sam Guest and Beau Coulter
$6 million
P: Private Investor
An infill industrial site at 5–7 Ricketts Road, Mount Waverley has sold for $5,000,000, reflecting strong demand for development-ready land along the Monash corridor. The 3,155sqm site, offered with vacant possession and exposure to the Monash Freeway, attracted 94 enquiries from owner-occupiers, developers and investors.
An infill industrial site at 5–7 Ricketts Road, Mount Waverley has sold for $5,000,000, reflecting strong demand for development-ready land along the Monash corridor. The 3,155sqm site, offered with vacant possession and exposure to the Monash Freeway, attracted 94 enquiries from owner-occupiers, developers and investors.
5–7 Ricketts Road, Mount Waverley
Collier's Jonathan Mercuri, Steph Archer and Alex Browne
$5 million
The IGA Hampton at 549–551 Hampton Street has sold under the hammer for $1.62 million, following a highly competitive campaign. The asset generated 70+ enquiries and 10+ inspections, with the auction seeing 18 bids between two parties, highlighting strong demand for prime strip retail investments. A healthcare investment at 36 Ryrie Street, Geelong has sold under the hammer for $1.59 million, reflecting a 5.6% yield. The property is leased to MoleMap on a new eight-year lease, highlighting strong investor demand for essential service tenants. A boutique office suite at Unit 102/167 Queen Street, Melbourne has sold for $525,000 to an owner-occupier, reflecting renewed demand for small CBD office spaces. The 115sqm suite attracted multiple inspections, with the purchaser sourced directly through agency networks, highlighting strong off-market buyer depth. A premium CBD office asset at 31 Queen Street, Melbourne has sold for $167 million, highlighting strong investor demand for high-quality office assets. The campaign generated 13 bids from a broad mix of private, institutional and offshore groups, reflecting continued confidence in Melbourne’s core office market. A luxury penthouse within Kooyongkoot, Hawthorn has sold for $8 million, marking one of the highest apartment sales recorded in the suburb. The three-bedroom, multi-level residence spans approximately 577sqm total area, featuring expansive indoor and outdoor living including a rooftop pool. A large-format retail asset at 312 Melbourne Road, North Geelong has sold off-market for $5.723 million, reflecting a 5.24% yield amid tightening supply in the sector. The 3,144sqm freehold site is fully leased to Sydney Tools, highlighting continued demand for well-located assets with strong tenant covenants.
549–551 Hampton Street, Hampton
Collier's Lucas Soccio and Kosta Palios
$1.62 million
P: Private Investor
Fitzroy's Chris Kombi and Lewis Waddell in conjunction with Andrew Prowse and Tim Darcy of Darcy Jarman.
36 Ryrie Street, Geelong
$1.59 million
P: Molemap
Unit 102/167 Queen Street, Melbourne
Jones real estate's Mimi Hoang and Oscar Sturm
$525,000
P: Private Investor
Cushman & Wakefield's Nick Rathgeber, Leigh Melbourne, Mark Hansen and Josh Cullen
31 Queen Street, Melbourne
$167 million
P: Private Investor
Kooyongkoot, Hawthorn
The project was developed by PQD and designed by Cera Stribley.
$8 million
P: Private Investor
312 Melbourne Road, North Geelong
Colliers' Ned Tansey and Chris Nanni
$5.72 million
P: Private Investor
Jones Real Estate's Luke Peric, Paul Jones and Vincent Lam, in conjunction with CBRE's Jimmy Tat, Sandro Peluso and Marcello Caspani-Muto
9–33 Errol Boulevard, Mickleham
Collective Capital Investments has acquired Mickleham Medical at 9–33 Errol Boulevard for $17 million, securing a purpose-built healthcare facility in Melbourne’s northern growth corridor.
$17 million
P: Collective Capital Investments
11 Newton Street, Cremorne
An office building at 11 Newton Street, Cremorne has sold for $10.5 million to a local owner-occupier, highlighting continued demand for city-fringe office assets.
Colliers' Alex Browne, Ben Baines and Eddie Foulkes
$10.5 million
Undisclosed
A blue-chip development site at 51 Bruce Street, Toorak has sold for $8 million to a local Chinese developer, highlighting continued demand for premium residential opportunities in Melbourne’s most tightly held suburb. A pharmacy investment at 1045 Point Nepean Road, Rosebud has sold for $2.14 million following a competitive auction campaign, reflecting a 4.6% yield.
51 Bruce Street, Toorak
Cushman & Wakefield's George Davies and Leon Ma
$8 million
P: Chinese Developer
1045 Point Nepean Road, Rosebud
Fitzroys' Tom Fisher and David Bourke
$2.14 million
Undisclosed
265–269 Burke Road, Glen Iris
A retail freehold at 265–269 Burke Road, Glen Iris has sold for $1.5 million, reflecting strong demand for value-add opportunities in Melbourne’s inner-east.
$1.5 million
Undisclosed
Jones Real Estate's Luke Peric
Spotlight Property Group has acquired the Moorabbin Retail Centre at 405 Boundary Road following a highly competitive campaign, highlighting continued demand for large format retail assets.
405 Boundary Road, Moorabbin
Colliers' Tim McIntosh and Will Heffernan
Undisclosed
P :Spotlight Property Group
16 – April / May 2026
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