Tag: Brisbane property market

Quick Carina Retail Sale Shows Strong Investor Interest in Brisbane’s East

A retail centre in Carina has changed hands in a fast sale after buyers moved quickly to secure the property. The high-exposure site on Old Cleveland Road sold for $6.1 million after just 10 days on the market, reflecting strong demand and competition for well-located retail assets in Brisbane’s east.

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Strong Interest in Carina’s Retail Market

The Carina property, at 828 Old Cleveland Road, features a two-level building with 11 tenancies, anchored by fitness brand BFT Gyms. The 1,109-square-metre site earns more than $350,000 in annual net income and occupies a 1,486-square-metre corner lot in one of Brisbane’s most tightly held eastern corridors.

The sale, managed by RWC Retail’s Michael Feltoe and Lachlan O’Keeffe alongside RWC Gateway’s Marc Zietsman and Josh Jones, attracted multiple competitive offers within its first week on the market. The agents said the quick sale reflected limited supply in the local retail market and the way buyers are acting decisively when quality opportunities come up.

Photo Credit: RWC Retail

Third Time the Property Found Its Match

According to the sales team, this was the third time the property had been brought to market, and this campaign finally found the right balance of timing, audience, and strategy. The marketing effort drew multiple competitive offers, and the centre went under contract at the asking price, underlining strong buyer interest in Carina’s retail market.

The agents added that the outcome showed how the right strategy, audience, and timing can connect buyers with premium neighbourhood retail assets. The sale also adds to RWC Retail and RWC Gateway’s growing track record of premium outcomes for Brisbane retail properties, underscoring continued confidence in the city’s investment market.

Limited Supply Drives Faster Sales

The sales team noted that in tightly held suburbs like Carina, limited supply is prompting buyers to make quicker decisions. With fewer available retail properties and strong demand for quality centres, buyers are acting quickly when opportunities like this arise.

With 11 established tenancies, including a gym operator, the centre continues to provide a mix of services to customers in Carina and nearby suburbs, maintaining its role as a key part of the area’s local business landscape.

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Published 10-Nov-2025

Manly Median House Price Grows By 16% As Buyers Seek the Sea Amidst Lockdown Lifestyle Changes

The median house price for the 12-month period ending June 2021 shows Manly just under the million-dollar mark, as double-digit growth in the bayside suburb is fuelled by the Brisbane property boom, a favourable investment climate, and a shift in buyer preferences.

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From July 2020 to June 2021, Manly’s property values grew by 16.01 percent, setting the median price at $980,000 compared to $844,750 in the previous year, per data from Property Market Updates. Some 97 properties were sold during this 12-month period with the most expensive property going for $2,550,000. 

The said house on Gordon Parade encompasses a 270-degree view of the bayside enclave with five oversized bedrooms, its own cinema and gym, and flowing indoor-outdoor living space. More buyers are keen on paying a premium on lifestyle assets or homes with a view of the natural beauty around the property, something that Manly could deliver. 

Photo Credit: Property Market Updates

The suburb’s relaxing and quiet seaside vibes with its quaint village-style shops have been very attractive for families and downsizers as everything the residents need is within a block of each other. 

Distinct sea-change and tree-change trends have been observed, particularly in regional and coastal Queensland, as buyers seek lifestyle changes and move interstate, escape the city, or come back to Australia. 

“A coastal lifestyle has become extremely important. There’s been a significant uplift in some coastal towns. We’ve seen those lifestyle properties really kick up in value,” JPM Valuers director Jason Matigian said.

Unit Price Growth

Most affluent property owners would love a lifestyle apartment in idyllic Manly despite the shortage of stocks. From July 2020 to June 2021, Manly units took an average of 88 days to sell with 37 unit properties sold, pushing the median price by 0.55 percent at $550,000. 

Photo Credit: Property Market Updates

Three years ago, Manly’s unit median price was at $800,000 amidst a buying frenzy for waterfront properties from investors who want to take advantage of high rental yields.  

Read: Manly West in Top 11 of the Tightest Rental Vacancy Market

Meanwhile, neighbouring Manly West is currently among 11 Brisbane suburbs with the tightest rental vacancy markets, according to the Real Estate Institute of Queensland (REIQ). 

According to REIQ CEO Antonia Marcorella, whilst low vacancy rates would be positive for landlords and investors, demand for housing from tenants could spur a crisis, leading to homelessness, that the Queensland housing system should address.