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First portfolio event for 2025 a success for Burgess Rawson, reaping more than $75M
Freya Lucas
Feb 24, 2025
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More than $75 million changed hands at Burgess Rawson’s first portfolio auction event of the year, with the event achieving competitive yields and featuring strong bidding.
The three day event saw intense competition, with yields as sharp as 3.3 per cent, Burgess Rawson Partner and Queensland Managing Director Adam Thomas said.“The overall success rate was 78.26 per cent with the blended yield an impressive 5.41 per cent, down from 6.29 per cent at the December auction event,” he continued.
Other highlights of the event include a 100 per cent success rate in Sydney while Melbourne recorded a blended yield of just 5.08 per cent.
The interest rate cut and declining inflation had buoyed confidence, he continued, driving exceptionally tight yields across the eastern seaboard.
“We are seeing unprecedented demand for well-leased centres, with sub 4.0 per cent yields becoming the norm,” he said, noting that the early education sector “continues to be one of the hottest asset classes.”
Top sales in Queensland included two Goodstart Early Learning Centres in Brisbane which sold on sharp sub 4.0 per cent yields, with a centre at Redcliffe selling for $3.131 million providing a return of 3.63 per cent while the Wavell Heights centre transacted for $4.12 million reflecting a yield of 3.72 per cent.
Other notable transactions include Kinderoo Childcare Centre at Rosehill which sold under the hammer for $3.78 million.
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