Portfolio - September 2026

PORTFOLIO

SEPTEMBER 2026 HOW RETAIL AND INDUSTRIAL EXPAND ON TIGHT SUPPLY AS OFFICE RECOVERS

P E R T H ’ S C O M M E R C I A L P R O P E R T Y M A R K E T O F F E R S P R I M E Y I E L D O P P O R T U N IT IE S

YOUR COMMERCIAL PROPERTY MANAGER COULD BE YOUR NEXT PROPERTY INVESTMENT ADVISOR

We need to stop talking ourselves into this supposed downturn James Linacre CEO RWC Australia and New Zealand

There has been no shortage of negative commentary around commercial property over the past few years.

In 2024, we heard “survive till ’25”.

Now we are well into 2026, and much of the commentary remains the same.

In sectors like industrial property, demand isn't simply recovering; we are experiencing far and away the strongest demand we have ever seen, well ahead of the 2021 Covid boom.

Of course, transactions require more work than when money was virtually free.

Perhaps we need to consider another possibility: this is simply a normal commercial property market, and the indicators are pointing in the right direction.

Buyers are more selective, vendors need to be realistic, and finance is more considered.

I came away from our recent RWC conference with a genuine sense of optimism.

But a normal market should reward good assets, good information, and good operators.

Not because anyone thinks the challenges have disappeared, but because the conversations happening between agents, investors, financiers and business leaders increasingly don't match the doom and gloom we continue to hear.

If construction conditions begin to stabilise while demand remains strong, the next 12 months could become particularly interesting.

Real Capital Analytics is reporting a significant increase in Australian commercial transaction volumes in 2026 compared with last year.

Capital is moving again, and liquidity is returning. In July, our network transacted in excess of $700 million of commercial property, generating almost 6 per cent more income than July last year, a month that was supposedly a stronger market.

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Constrained new supply, improving liquidity, and pent-up private capital could create the conditions for something approaching a purple patch.

After years of waiting for commercial property to “come back”, perhaps we've been asking the wrong question.

The market is already moving, and I suspect the next 12 months could be considerably better than many people expect.

Quick jump to a region

QLD WA

NT | SA NSW | ACT

VIC | TAS NZ

LATEST NEWS FROM AROUND THE GROUNDS

Gardner Vaughan Group buys $23m Brisbane site "Due to ongoing construction delivery challenges, the “builderdevelopers” are without doubt the most active and aggressive buyers of residential apartment sites in the Brisbane market currently. And this sale to Gardner Vaughan Group reinforces that fact," Mr Barr said.

Prominent South East Queensland property developer and builder Gardner Vaughan Group has expanded its pipeline, purchasing a 3,846sqm development site in the Brisbane inner-city suburb of Stones Corner for $23,159,000, in an off-market transaction.

75-85 Cleveland Street Stones Corner was sold by DAKL Group, a prominent Brisbane-based property development and investment firm led by Director Kieran Gartshore, whose family has made significant strategic plays in the Brisbane residential development site market.

The transaction was brokered by Tom Barr, Managing Director of RWC Queensland.

The sale price reflects a Site Rate of $6,022/sqm land and a Unit Site Rate of $102,473/unit.

The site is zoned High Density Residential (HDR1) and has an existing development approval for 226 apartments across two 12storey towers.

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RWC Queensland Managing Director Tom Barr negotiated the off-market deal, who said the speed of the transaction reflects the urgent demand for shovel-ready land among developers with internal construction capabilities.

"Gardner Vaughan Group was actively in the market looking to secure another site to shore up both their project and construction pipelines," Mr Barr said.

"We were discussing several site opportunities with them and mentioned this site was potentially coming to market and they did not hesitate to make an offer, resulting in an off-market deal being agreed before the property went to market.

"The acquisition by the awardwinning, family-owned Gardner Vaughan Group, led by father-son duo Guy Gardner and Sam Gardner, highlights a growing trend in the structural makeup of the active development sites across the Brisbane apartment market.

The site is located just 3 kilometres from the Brisbane CBD and just one kilometre from one of Queensland’s largest Healthcare precincts - the ‘Boggo Road Precinct’ (incorporating the Princess Alexandra Hospital) and 1.25 kilometres from the Greenslopes Private Hospital.

Greenslopes and Stones Corner have undergone significant urban renewal over recent years, with new development and investment encouraged by the Brisbane City Council. The gentrification process has increased the presence of entertainment, retail and higher density living along with further infrastructure improvements to the area.

The sale of this prominent development site coincides with significant town planning reform for Stones Corner.

Only recently, the Brisbane City Council officially adopted and gazetted the new Stones Corner suburban renewal precinct plan into the City Plan, which allows for increased building height in the area.

LATEST NEWS FROM AROUND THE GROUNDS

Tasmanian waterfront hospitality trophy sold “Along with our locally based colleagues, we were able to activate national interest from industry’s best and brightest operators and investors.”

Mr Burbury said the campaign generated a number of conditional and unconditional offers.

“Unsurprisingly, national and international hospitality businesses expressed interest in the property,” Mr Burbury said.

“A lot of the interest in the asset was on the back of the future $1.13bn Macquarie Point Stadium precinct, with this asset being so close by, just a 500m walk.

A trophy property adorning Hobart’s stunning waterfront precinct has a new owner.

No.11 Franklin Wharf, Hobart, the former home of Post St Social and The Observatory, was taken to market by local agencies Elders Commercial and Ray White Commercial Tasmania - alongside specialist national hotel agency, HTL Property.

Together the agencies ran an onmarket sale campaign that generated global interest, and multiple prospective purchasers vying to secure the Sullivan's Cove asset.

Agency representatives confirmed that the property had been bought by an interstate-based investor.

Mr Balcombe of RWC advised the purchaser is no stranger to Hobart.

“The successful purchaser holds a number of other interests in Hobart; and has done some great things in the commercial property space before; so it will be exciting to see this next chapter unfold,” Mr Balcombe said.

“The campaign ran for three weeks, rather than four; so it was particularly positive to see new and existing inquiries acting quickly on this irreplaceable waterfront asset.”

“The sale process involved the opportunity being introduced to a national audience of hotel investors and operators, some of which are highly recognisable,” said HTL Property Director, Scott Callow.

“The waterfront location appealed to many groups that have existing waterfront business operations that would sit well in the Hobart market.”

“So while there has been turnover in the hospitality space, there are signs of optimism, too” Mr Burbury said.

“In the surrounding area, there is The Tasman’s new Lumina events destination, the Citadines hotel on Elizabeth St Pier, Don Frico in Montpelier Retreat and the Viva Art Lounge next door to Rockwall.

“Gelato Messina is coming to Elizabeth St Pier,” Mr Burbury added.

No.11 was built in the early 1900s and is consequently heritage listed.

Rendering it amongst the most recognisable buildings on the waterfront, opposite the Mona ferry terminal and near Salamanca Market.

“Waterfront properties nationally always enjoy a hugely magnetic investment thesis; and Tasmania’s incredible harbour cities reflect this attraction,” HTL Property CEO, Andrew Jolliffe said.

P O R T F O L I O | RWC | 5

LATEST NEWS FROM AROUND THE GROUNDS

Five-acre Wantirna site tipped as Melbourne's top health development play One of the most significant development opportunities in Melbourne's eastern suburbs has come to market, with RWC Glen Waverley launching a 20,932 sqm landholding at 750 Boronia Road, Wantirna.

Positioned at the heart of the state-significant Wantirna Health Precinct West, the five-acre site arrives with an approved and gazetted statutory planning framework under Amendment C185Knox, paving the way for a landmark healthcare, commercial, and residential destination.

A planning-aligned, six-building concept has been designed by renowned architectural firm, Rothelowman.

The master plan provides for approximately 60,000sqm of above-ground gross floor area, accommodating a diverse mix of medical, commercial, retail, independent living, serviced apartments, and aged care, alongside extensive basement capacity.

RWC Glen Waverley director Ryan Trickey, said assets of this scale and planning certainty rarely surface in Melbourne, let alone in the eastern corridor.

"To have five acres on Boronia Road is a big parcel of land. When we were doing our due diligence, we found only three or four sites across Melbourne in the past four years that were even remotely comparable, it's that hard to find a relevant benchmark for this site," Mr Trickey said.

The property features around 180 metres of highexposure frontage to Boronia Road and sits in immediate proximity to established major infrastructure, including Eastern Health Wantirna and Knox Private Hospital.

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The launch follows a major neighbouring property transaction, with a separate government landholding sold in early 2026 via the Department of Transport for an undisclosed price, the neighbouring property is under offer, validating institutional appetite for the immediate pocket and adding further weight to the precinct's momentum.

Mr Trickey highlighted the enduring strength of the sector as macro-economic factors shift capital toward defensive assets.

"Across the board, medical has proven to be a safe harbor for commercial investment over the past five years, and we don't see that changing," Mr Trickey said.

Sales Executive Will Jonas explained how we currently have an aging population across the country that continues to inject capital through the allied health network and medical operators.

"We are seeing zero pushback and rising rental growth across the board - from specialised allied health providers like physios, psychologists, and osteopaths, right through to large-scale GPs and diagnostic clinics. Whether it's an institutional healthcare group, an aged care provider, or a major syndicate, this site offers multiple delivery pathways to capture that demand," Mr Jonas said.

Retail and industrial expand on tight supply as office recovers VANESSA RADER Head of Research Ray White Group showing up in capital growth rather than income alone carrying returns, which explains why institutional investors have shifted from largely offloading retail assets a few years ago to becoming consistent buyers again. Western Australia continues to be the standout state, with retail there returning 11.4 per cent and capital growth of 4.5 per cent.

Industrial recorded a total return of 10.5 per cent, with capital growth of 6.0 per cent well ahead of income of 4.3 per cent and

Commercial property has spent the past few years absorbing a run of reduced sentiment, elevated interest rates, cautious lending and buyers and sellers unable to agree on values and yields. This uncertainty is easing with transaction volumes steadily rebuilding, capital that sat on the sidelines through the correction is becoming more active again and the latest PCA/MSCI returns data to June 2026 gives a clearer read on where that confidence is being placed first.

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Retail returned 9.8 per cent for the year, made up of 5.9 per cent income and 3.7 per cent capital growth, with sub regional centres leading the sector at 12.0 per cent total return and 5.2 per cent capital growth, ahead of regional centres at 11.5 per cent. Neighbourhood centres returned 9.3 per cent. This recovery aligned with retail floorspace per capita falling as population growth continues to outpace new retail development coupled with high cost of construction keeping a lid on supply. That scarcity is now

industrial estate assets were the strongest performer of any subsector at 14.2 per cent total return and 9.7 per cent capital growth. New South Wales industrial led all states at 13.0 per cent total return and 8.8 per cent capital growth, a result driven almost entirely by Western Sydney.

This is the clearest expression yet of the land constraint story, well serviced, appropriately zoned industrial land is close to exhausted and that scarcity is now showing up in values rather than just leasing results. Queensland industrial returned 9.4 per cent and Western Australia 9.2 per cent, both benefiting from the same undersupply dynamic on a smaller scale, while Victoria lagged at 6.0 per cent.

Office is not being left behind in this recovery, though the results vary sharply by location. The sector returned 7.0 per cent overall, with capital growth of 1.3 per cent, and CBD assets outperformed non-CBD stock at 7.4 per cent against 4.5 per cent, with nonCBD capital values falling 1.5 per cent compared to a 1.8 per cent gain for CBD. Brisbane CBD office returned 10.8 per cent, the strongest result of any office market nationally where vacancy has fallen to 10.2 per cent from 11.8 per cent as the supply pipeline thins out. Sydney CBD returned 8.0 per cent with capital growth back to 2.7 per cent, alongside vacancy easing to 13.3 per cent. Perth is showing the same pattern, vacancy down to 15.4 per cent from 16.9 per cent, supported by the state's broader economic strength flowing through to office values. Melbourne CBD remains the outlier among the major markets, returning 5.9 per cent with capital growth flat at 0.1 per cent and vacancy steady at 18.9 per cent. It is nonCBD and fringe locations doing it hardest, North Sydney recorded a capital decline of 5.7 per cent and Parramatta fell 9.6 per cent in capital value, pushing its total return to negative 3.3 per cent, the weakest result recorded.

What links all three sectors is supply. Retail centres, industrial land and prime CBD office towers are all constrained in different ways and capital is following the assets where that scarcity is most acute, retail and industrial first and now increasingly the better positioned office markets as well. This is a departure from the pattern seen through 2023 and 2024, when capital growth was absent across the board and income alone carried total returns. The return of genuine value appreciation, rather than yield compression, suggests underlying fundamentals have shifted rather than simply pricing catching up after a period of correction. For retail and industrial, that means the supply constraints holding back new stock are unlikely to ease quickly, keeping the conditions that have driven this recovery firmly in place. For office, the picture remains more selective, with Brisbane, Sydney and Perth demonstrating what happens when vacancy tightens and supply slows, while Melbourne and the weaker non-CBD markets still have ground to make up before the same dynamic takes effect.

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Perth’s commercial property market offers prime yield opportunities VANESSA RADER Head of Research Ray White Group

The Western Australian commercial property market continues to demonstrate superior resilience and growth potential compared to eastern state benchmarks, backed by steady economic performance, sustained population growth, and tight market conditions.

Speaking on RWC’s Between the Lines Live podcast, RWC WA Director of Capital Transactions Brett Wilkins and Ray White Head of Research Vanessa Rader identified high-conviction opportunities for investors over the next 12 months.

Perth CBD office assets emerged as the premier contrarian investment opportunity. With net effective rents sitting drastically below replacement costs, market mechanics dictate upward rental pressure alongside diminishing tenant incentives.

"CBD office is totally underloved, underappreciated, not considered enough, and should be," said Mr Wilkins.

"There is such a wide disparity between current rents and what it takes to build, so you can understand that those rents are just going to have to uplift."

Citing a current listing at 256 St Georges Terrace where net effective rent is roughly $330 per square metre, he added, "Rents have got to rise. Incentives are going to drop. Net absorption is still strong, and there's only one way rents can go."

Addressing remote work and AI fears, Mr Wilkins reinforced the structural necessity of offices.

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"Work-from-home is not a big factor here, it's a small factor... When the internet came in, that was the end of it all, the office market was going to collapse. I don't think we're going to stop needing office space."

A central theme was the persistent 100-basis-point yield differential between Perth commercial assets and East Coast properties.

"I think it's totally ridiculous, and I could argue very strongly that it should be the other way around given our economy and given our rental growth," Mr Wilkins said, highlighting how this margin attracts eastern states buyers and Asian institutional investors.

Beyond office, industrial property remains firm with yields adjusting to 6per cent to 7 per cent, constrained by severe land shortages.

"Industrial has softened from super, super strong to strong," Mr Wilkins said.

Beyond office, industrial property remains firm with yields adjusting to 6per cent to 7 per cent, constrained by severe land shortages.

"Industrial has softened from super, super strong to strong," Mr Wilkins said.

"There's not a week goes by where you don't get a call saying, 'I need 2,000, 5,000, or 10,000 metres of industry,' and there's nothing because of supply."

Non-discretionary retail and medical property also draw heavy inquiry.

they've got to have somewhere to sleep," Mr Wilkins explained.

"Medical is hot," Mr Wilkins said, noting strong demand from institutions and syndicates.

Conversely, childcare requires a selective approach due to suburban oversupply and regulatory burdens.

"They're seen as a little bit more recession-proof and harder to compete with, because whilst you can set up a medical centre, you can't just go and get 10 doctors to occupy it that easily."

"Good childcare with good tenants in good locations is fantastic, but there's no impediment to competition... you've got to look at it very carefully," Mr Wilkins added.

Multi-unit residential blocks under $10 million are emerging as key targets for private capital and corporate buyers tackling housing shortages.

Ms Rader concluded that technology will complement spatial demand rather than replace it:

"One of the major driving forces on buyers for blocks of flats are actually businesses that want somewhere for their foreign staff... Bricklayers, tilers, welders -

"If we get better efficiencies through technology, headcount isn't going to remarkably change, and the requirement for office is definitely here to stay."

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Your commercial property manager could be your next property investment advisor LETEICHA WILSON RWC Property Management Performance Specialist

For many commercial property investors, their relationship with their property manager is one of the longest and most consistent relationships they have within their property portfolio. Yet that relationship is often limited to the day-to-day management of the assets they already own.

There is an opportunity for commercial property managers to become much more than that.

A good property manager has a unique understanding of an investor's portfolio. They know the assets, the leases, the tenants, the income, upcoming risks and opportunities, and often have a strong understanding of the landlord's broader investment objectives. This puts them in a powerful position when a client starts considering their next acquisition.

The conversation doesn't need to be, "Can you find me a property?" It can start much earlier.

A landlord may mention that they are looking to expand their portfolio, diversify into another asset class or deploy capital. This is an opportunity for the property manager to start asking questions, sharing relevant market information and connecting the client with the right people within their agency or broader network.

For example, a property manager who knows a client is interested in industrial property can share recent sales activity, discuss what they are seeing from tenants, highlight areas where demand appears strong and introduce them to the sales team when a suitable opportunity arises.

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They can also use their knowledge of the existing portfolio to help shape the conversation. What is working well? Where are the risks? Is the landlord heavily exposed to one asset class, tenant type or location? Could the next acquisition complement the existing portfolio?

This is where property management becomes asset advisory.

It is also about proactively sharing information.

Research, market reports, comparable sales, leasing trends and insights from the agency's sales and leasing teams can all become valuable touchpoints with landlords. The goal isn't to provide financial or legal advice, but to ensure the landlord is informed and connected to the right specialists when making investment decisions.

For landlords, having someone who already understands their portfolio, investment preferences and long-term objectives can make the process of considering the next acquisition far more valuable.

For property managers, it creates an opportunity to strengthen the client relationship, generate referrals across the broader business and demonstrate that their role extends well beyond collecting rent and managing maintenance.

The best property managers aren't simply managing today's property. They are thinking about what their client's portfolio could look like tomorrow.

When a landlord starts thinking about their next acquisition, the property manager should ideally be one of the first people they call.

Assets under management RWC manages properties across all asset classes right across Australia.

Take a look at some of our top managements from across the nation. RWC will have a management specialist located right near your property, so enquire with us today.

CONTACT HERE

RWC ASSET MANAGEMENT QUEENSLAND CAMP HILL, QLD Commanding prime main road exposure along the bustling Old Cleveland Road corridor, this premium commercial asset benefits from high daily passing traffic.

Situated in a highly sought-after inner-city suburb, the property offers versatile space with excellent signage opportunities and strong connectivity directly to the Brisbane CBD.

RWC TOWNSVILLE MT LOUISA, QLD FRWC Townsville is proud to manage this premium multitenanted industrial facility on a substantial 11,140sqm site. Featuring quality warehouse, office and showroom accommodation, it is a standout industrial asset and a valuable addition to the RWC Townsville portfolio.

RWC SYDNEY CITY FRINGE HABERFIELD, NSW This uniquely versatile commercial gem is prominently positioned East bound on the corner of Parramatta Road and O'Connor Street. The 850sqm asset is currently leased

by BYD generating an annual income of $500,000.

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QLD

40 Macrossan Street Port Douglas, QLD

For Sale

Landmark multi-tenanted investment Freehold, multi-tenanted property Building: 464m² | Land: 1,012m² Prime landholding on Port Douglas’ main retail strip

Helen Crossley 0412 772 882 helen.crossley@raywhite.com Susan Doubleday 0408 038 380 susan.doubleday@raywhite.com

Eight-tenancy commercial asset Diverse tenant mix - dining, retail, wellness, tourism Staggered lease expiries for income safety Valuable rear on-site parking available

RWC Cairns raywhitecommercial.com

53-57 Abbott Street Cairns City, QLD

For Sale $3,500,000

Freehold site now priced to sell - prime Cairns CBD Three adjoining freehold commercial lots Building: 600m² | Land: 975m² Positioned opposite the Cairns Reef Hotel Casino

Grant Timmins 0422 534 044 grant.timmins@raywhite.com Susan Doubleday 0408 038 380 susan.doubleday@raywhite.com

Principal Centre zoning allows range of mixed uses Vacant possession available if required Includes eight dedicated on-site parking spaces Approved plans for shops and apartments

RWC Cairns raywhitecommercial.com

21 Mayes Avenue & 3 Fourth Avenue Caloundra, QLD

For Sale Offers over $2.5M + GST (if applicable)

Development opportunity in central Caloundra Two attached properties with 1,240m²* total area Major Centre zoning with 15 metre height limit

Josh Harris 0452 604 478 josh.harris@raywhite.com

Street frontages to Mayes and Fourth Avenues High visibility location directly opposite McDonald's Generates strong holding income Suitable for developers or investors RWC Noosa & Sunshine Coast raywhitecommercial.com

*Approx. Outline indicative only.

3/17 Thomas Street Noosaville, QLD

For Sale

Premium first floor office with high exposure 162m²* high-end first floor office Expansive 30m²* private rear balcony High exposure corner position at roundabout

Alanna Shapland 0435 799 321 alanna.shapland@raywhite.com Tracey Ryan 0421 981 490 tracey.ryan@raywhite.com

Short stroll to the vibrant Noosa River precinct Allocated off-street rear parking for four cars Superior quality professional fitout Suited to an owner-occupier or investor

*Approx. Outline indicative only.

RWC Noosa & Sunshine Coast raywhitecommercial.com

3 Bronze Street Sumner, QLD

For Sale

Heavy duty industrial warehouse/office Freestanding industrial facility with big yard Building: 1,340m² | Land: 2,049m²

Harry Egan 0409 494 248 harry.egan@raywhite.com

Clear-span warehouse area of 1,151m² Office space over two levels of 189m² Access via four container height doors Features massive three-phase power supply Includes three internal overhead cranes

Outline indicative only.

RWC Southwest raywhitecommercial.com

36-38 Rowland Street Slacks Creek, QLD

For Sale

Tradepoint on Rowland Brand new boutique development of eight units Units ranging from: 166m² to 374m² Commercial glazing allowing excellent natural light

Lachie Hale 0414 911 099 lachie.hale@raywhite.com Jaems Balfour 0411 404 249 j.balfour@raywhite.com

Mezzanine office with air conditioning 5 metre high motorized roller doors Includes three-phase power and NBN connection Exclusive on-title allocated car parking

RWC Southwest raywhitecommercial.com

3/132-138 Ferny Avenue Surfers Paradise, QLD

Auction Friday 25 September at 10am

Surfers Paradise gem serving international royalty restaurant and property opportunity

The Langham, Gold Coast

Property and equipment included, ready to operate

Thomas Clark 0426 287 188 thomas.clark@raywhite.com

Building area 167m² + 90m² exclusive seating area Seating capacity for 78 guests with room for more Servicing 240 apartments in Sovereign Gold Coast Tranquil outlook over resort swimming pool Located 300 metres from the Gold Coast beach Retiring and absolutely must be sold

RWC Burleigh Group raywhitecommercial.com

3368 Pacific Highway Springwood, QLD

For Sale

Multi-tenanted investment anchored by national tenant Anchor tenant JJ Richards - new 5x5 year lease Building: 1,494m² | Land: 3,034m² Current net income: $324,124.82 p.a.

Aldo Bevacqua 0412 784 977 aldo.bevacqua@raywhite.com Jett Bevacqua 0450 005 810 jett.bevacqua@raywhite.com

Projected net income $480,924.82 p.a.

14 units in total - 10 tenanted and 4 vacant High-profile Pacific/M1 Motorway exposure Located within Springwood commercial precinct

Outline indicative only.

RWC Springwood raywhitecommercial.com

664 Boundary Road Richlands, QLD

For Sale

Richlands' new benchmark for industrial and corporate business spaces Landmark business park and showroom spaces Sizes range: 101m² to 643m² High internal clearance up to 7 metres

Neal Orpin 0484 550 876 neal.orpin@raywhite.com Isaac Sarra 0426 880 193 isaac.sarra@raywhite.com

6 metre high roller doors for access Units equipped with three-phase power Full drive-through accessibility on site Expected project completion: third quarter of 2026

RWC Collective raywhitecommercial.com

2 Handsworth Street Clontarf, QLD 4019

Expressions of Interest Closing Thursday 3 September at 4pm (AEST)

Deceased estate - Redcliffe Peninsula development site Land: 1,252m²* Corner site with substantial existing house Comprises three existing titles

Andrew Burke 0417 606 128 andrew.burke@raywhite.com Matthew Fritzsche 0410 435 891 matthew.f@raywhite.com

Provides a range of development options Zoned General Residential - up to 12 metre* height 30 minutes* to Brisbane CBD area Located opposite the Redcliffe Golf Course

*Approx. Outline indicative only.

Ray White Special Projects QLD raywhitecommercial.com

1B/3 Martha Street Camp Hill, QLD

For Lease

Premium 27m² street-facing suite - versatile commercial opportunity Open-plan retail suite in village precinct Building: 27m²

David Peterson 0451 309 940 david.peterson@raywhite.com

Direct street-facing window frontage Existing plumbing and drainage in place Walk-in ready Fully air-conditioned interior space Located in established local shopping hub

Outline indicative only.

RWC Asset Management Queensland raywhitecommercial.com

131 Jardine Drive Redland Bay, QLD

Sale by Expressions of Interest Closing Thursday 10 September at 4pm

5,183m²* industrial land development site 5,183m²* level industrial site, 60m* street frontage Medium Impact Industry zoning U/ground power, water connected, NBN available

Joel Kuchel 0432 705 653 joel.kuchel@raywhite.com Nathan Moore 0413 879 428 nathan.moore@raywhite.com

Located in the secure, gated Redlands Business Park 15 minutes* to M1 & Gateway Motorways Easy access to Brisbane, Port of Brisbane and SEQ Suitable for development, hardstand or land banking

*Approx. Outline indicative only.

RWC Bayside raywhitecommercial.com

6/11 Commerce Circuit Yatala, QLD

Auction Thursday 10 September at 11am Level Ground, 33CBD, 33 Scarborough Street, Southport

245m²* warehouse and office with yard Functional warehouse and office unit space Building: 245m²

Lisa Dunne 0420 208 891 lisa.dunne@raywhite.com

Includes 38m² storage mezzanine Rear roller door opens to small yard space Features three-phase power connectivity Includes three allocated vehicle parking bays NBN - FTTN available

*Approx. Outline indicative only.

RWC Gold Coast raywhitecommercial.com

2 Gore Street Toowoomba City, QLD

For Sale Expressions of Interest

Approved Toowoomba high-rise development Approved residential development site Land: 845m²*

Craig Bradley 0488 075 167 craig.bradley@raywhite.com

DA Approval for 8 unit development Positioned opposite Hooper Centre Mixed Use-City South precinct zoning Includes 14 basement parking spaces with storage Short 10-15 minute walk to Toowoomba CBD

*Approx.

RWC Toowoomba raywhitecommercial.com

336-342 Ross River Road Cranbrook, QLD

Expressions of Interest Closing Wednesday 16 September (if not sold prior)

Premium high profile office building - multi-tenanted investment opportunity Net income: $935,840.36 p.a. plus GST NLA: 3,671m² on 6,424m² freehold parcel

Adrian Pascoe 0417 622 240 adrian.pascoe@raywhite.com

High profile corner commercial office building Multi-tenanted - 13 office suites over two levels First time offered for sale since built in 1995 95 onsite parks with a number of covered bays Features 335 metre frontage across two roads

RWC Townsville raywhitecommercial.com

11/17 Karp Court Bundall, QLD

For Lease

131m² fully furnished office Office space in established strata-titled development 131m² of office space over two levels

Adam Roberts 0422 443 565 adam.roberts@raywhite.com

Positioned in heart of Bundall CBD office precinct Fully operational, turnkey office fitout Features data points throughout and air conditioning Includes kitchenette and staff facilities Floor-to-ceiling windows providing great natural light

Outline indicative only.

RWC Robina raywhitecommercial.com

1307 Kingsford Smith Drive Pinkenba, QLD

For Sale or Lease

Limited units remaining Eagle Farm corporate park Ultra-modern business park by Sparc Architects Building: 145-415m² Located in the highly sought-after Eagle Farm area 90 metre* frontage to busy Kingsford Smith Drive Concrete mezzanines with undercover parking

Jared Doyle 0408 160 570 jared.doyle@raywhite.com Jack Gwyn 0424 807 166 jack.gwyn@raywhite.com Bao Trang 0450 444 845 bao.trang@raywhite.com

Air conditioned offices and auto gates Due for completion 30 September 2026

RWC Gateway raywhitecommercial.com

19 Tank Street Gladstone Central, QLD

For Sale

Bold office investment returning $160k plus p.a.

Net income: $162,021 p.a.

602m² - entire first floor of the building Modern fully air-conditioned office premises

John Fieldus 0409 723 288 john.fieldus@raywhite.com Andrew Allen 0408 799 585 andrew.allen@raywhite.com

Lease contains two one-year extension options Includes reception boardroom and private offices Dual access points from street and car park Located within central business district

RWC Gladstone raywhitecommercial.com

344 Fison Avenue East Eagle Farm, QLD

For Sale or Lease

SmartStores@EagleFarm | Boutique industrial release 16 architect-designed industrial units Unit sizes from 98m²* to 354m²* High clearance warehouse areas

Paul Anderson 0438 661 266 p.anderson@raywhite.com Andrew Doyle 0412 853 366 andrew.doyle@raywhite.com

Fully fitted mezzanine office spaces EV charging capability Located within the Australia TradeCoast precinct Seamless connectivity to Brisbane Airport

*Approx.

RWC Queensland raywhitecommercial.com

NSW | ACT

Level 1/4 Driver Avenue Moore Park, NSW

For Lease

Office space at the Sydney Cricket Ground Former Sydney Swans headquarters and facility Building: 665.8m²

Anthony Harris 0409 319 060 aharris@raywhite.com

Level 1 of the Sydney Cricket Ground Direct street entry from ground floor Provides great signage potential, light and outlook Existing fitout and furniture for 50-60 staff Ideal for office, sporting, education and fitness use

RWC Sydney Office Leasing raywhitecommercial.com

Mezzanine - Suite 2/12 O'Connell Street Sydney, NSW

For Lease

Ex medico fitout with consult rooms and street exposure Art Deco strata title building Building: 294m²

Julian Milne 0411 480 719 jmilne@raywhite.com

Former medical practice with 10 consulting rooms Includes reception, storage and kitchen facilities Wheelchair accessible bathroom on ground floor Suitable for medical or commercial office Excellent street signage exposure

Outline indicative only.

RWC Sydney Office Leasing raywhitecommercial.com

Suite 802/1 Castlereagh Street Sydney, NSW

For Lease

New spec fitout for 38-40 staff Grade B building office space Building: 370.5m² New spec fitout complete and ready to occupy

Anthony Harris 0409 319 060 aharris@raywhite.com Jeremy Piggin 0413 336 161 jpiggin@raywhite.com

North-facing suite with great light exposure Boardroom and two focus rooms included Includes 38 workstations and an executive office Large open plan kitchen and breakout area

RWC Sydney Office Leasing raywhitecommercial.com

Level 2/25-33 Allen Street Waterloo, NSW

For Sale

Prime boutique office in Waterloo's thriving business hub Modern, boutique commercial suite Building: 38m²

Alex Santelli 0403 104 146 a.santelli@rwcss.com

Second floor position in mixed-use complex Expansive floor-to-ceiling glass windows Private balcony and natural light throughout One secure parking space plus EV station Access to pool and fully equipped gym

Outline indicative only.

RWC South Sydney raywhitecommercial.com

Shop 5/492-500 Elizabeth Street Surry Hills, NSW

For Sale

Blue-chip Surry Hills location with secure commercial income Retail asset leased to Asian fusion café Building: 72m² Leased to established tenant until 2027

Anthony Vella 0412 232 904 a.vella@rwcss.com John Skufris 0414 969 221 jskufris@raywhite.com

Fully equipped with exhaust and grease trap Ground floor lot in mixed-use building Expansive glass frontage to street Includes one dedicated car parking space

RWC South Sydney raywhitecommercial.com

17 Oxford Street Bondi Junction, NSW

For Sale

Unique heritage site in the heart of Bondi Junction Landmark heritage mixed-use site with garden parcel Building: 426m² | Land: 567m² Prime Bondi Junction commercial position

Peter Vines 0449 857 100 peter.vines@raywhite.com Harry Veall 0447 177 300 harry.v@raywhite.com

Prominent 25 metre frontage on Oxford Street Includes four off-street vehicle parking spaces Flexible MU1 Mixed Use commercial zoning Situated 700 metres from Westfield

RWC Western Sydney raywhitecommercial.com

502 Parramatta Road Ashfield, NSW

Auction Tuesday 8 September at 10:30am Auction Works Mezzanie Level, 50 Margaret Street Sydney

Prime corner freehold landmark with DA approval Prime corner development site Building: 998m² | Land: 668m² DA approval for a three-level retail/commercial site

Kristian Morris 0411 415 297 kristian.morris@raywhite.com Kamal Silwal 0430 322 459 kamal.silwal@raywhite.com

Positioned in the heart of Ashfield Inner West Basement parking for easy site access Outstanding visibility to passing vehicles daily Versatile potential for large-format retail

Outline indicative only.

RWC Sydney City Fringe raywhitecommercial.com

12 Oakdale Road Gateshead, NSW

For Sale

Rare Gateshead commercial investment Industrial asset leased to tyre autocare tenant Building: 466m²* | Land: 1,568m²*

Lee Follington 0417 443 478 lee.follington@raywhite.com

Prominent corner site location Includes office showroom space and hardstand yard Onsite parking for staff and customers Long lease in place until March 2029 plus options Easy access to highway and inner city bypass

*Approx

RWC Newcastle raywhitecommercial.com

4-6 Oakes Road Griffith, NSW

For Sale

Premium land holding with unmatched development potential Substantial 7,713m²* landholding Features flexible Mixed-Use zoning Direct 50 metre* frontage to Oakes Road

Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com Robert OFarrell 0434 388 313 robert.ofarrell@raywhite.com

Strategic access to regional freight hubs Close proximity to major hospital redevelopment

RWC SC raywhitecommercial.com

*Approx. Outline indicative only.

Shop 12/7 - 17 Waters Road Neutral Bay, NSW

Auction Tuesday 15 September at 10:30am Auctionworks

Occupy or invest in Neutral Bay food and beverage opportunity Retail shop in modern mixed-use building Building: 47m²

Logan Grisaffe 0403 916 433 logan.grisaffe@raywhite.com

Includes kitchen and dining space Equipped with grease trap and exhaust Additional outdoor seating area available Situated in the heart of Neutral Bay Village Five minute drive to Sydney CBD

Outline indicative only.

RWC Sydney North raywhitecommercial.com

Factory 1/1 Box Road Caringbah, NSW

For Sale

Box Road brilliance Modern industrial unit with extra storage Building: 151m² + 20m² mezzanine Clear-span warehouse, office space and mezzanine

Isaac Longmuir 0431 360 508 isaac.longmuir@raywhite.com Brad Lord 0439 594 121 blord@raywhite.com

Impressive 7 metre high internal ceiling clearance Excellent accessibility via dual driveway Includes two allocated car spaces Positioned in a highly sought-after industrial precinct

RWC Sutherland Shire raywhitecommercial.com

65 Kembla Street Fyshwick, ACT

For Sale Expressions of Interest closing 10 September 2026

Highly versatile commercial asset Option to split into 4 units Warehouse, office and showroom space of 1,368m² Fantastic location with incredible visibility

Frank Giorgi 0403 839 822 frank.giorgi@raywhite.com Bella Andrews 0499 719 321 bella.andrews@raywhite.com

21 on-site carparks (14 rear and 7 front) Block size of 1,393m² I46KW system, 130 solar panels in place RWC Canberra raywhitecommercial.com

Outline indicative only.

VIC

29/260 Wickham Road Highett, VIC

Auction Thursday 17 September at 11am (On-site and online)

Streetfront position with serious appeal Total building area | 650 m²* Warehouse | 363 m²* incl. production area Offices | 287 m²* over two levels

Ryan Amler 0401 971 622 ryan.amler@raywhite.com George Ganavas 0478 634 562 george.ganavas@raywhite.com

7 metre clearance* and container-height roller door Extensive data / networking capability Three separately occupiable areas Heavy-vehicle access and 8 car spaces

*Approx.Outline indicative only.

RWC Oakleigh raywhitecommercial.com

TAS

471 Cambridge Road & 528 & 540 Pass Road Mornington, TAS

For Sale

Greater Hobart's best residential subdivision opportunity Council-endorsed residential land development 5.753 ha* across three titles Stage one subdivision works already approved

Claude Alcorso 0417 586 756 claude.alcorso@raywhite.com Tom Balcombe 0417 979 194 tom.balcombe@raywhite.com

Features dual frontage to two major roads Holding income of $62,900 p.a. from two leases Clarence City Council pre-committed to buy Located nine kilometres from the Hobart CBD

*Approx. Outline indicative only.

RWC Tasmania raywhitecommercial.com

SA | NT

680 Lower North East Road Paradise, SA

For Sale

Landmark mixed-use development site Urban Corridor mixed-use development site Building: 200m² | Land: 1,599m² Frontage of 29 metres on major road

Oliver Totani 0412 808 743 oliver.totani@raywhite.com Pep Baldino 0416 472 038 pep.baldino@raywhite.com

Exposure to over 33,000* vehicles daily Zoned for development up to four levels Character home with sandstone facade on site Located opposite Campbelltown Memorial Oval

*Approx. Outline indicative only.

RWC Adelaide raywhitecommercial.com

RLA 332186

WA

123 Thomas Street Subiaco, WA

Expressions of Interest

High-exposure Subiaco corner investment Net income: $319,250 p.a.

Building: 1,415m² | Land: 1,755.71m²

Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com

Fully leased - three established operating tenants High-exposure corner location on Thomas Street Located four kilometres from the Perth CBD Freehold asset comprising seven lots Zoned Residential R60 for future growth

Outline indicative only.

RWC WA raywhitecommercial.com

256 St Georges Terrace Perth, WA

For Sale

Iron-clad investment Trophy office asset in Perth CBD Building: 23,050m² | Land: 5,480m² Fully leased to ASX-listed tenant FMG

Andrew Woodley-Page 0438 939 869 andrew.woodley-page@raywhite.com Brett Wilkins 0478 611 168 brett.wilkins@raywhite.com

Recent $80 million upgrade State-of-the-art tenant amenities NABERS 5 star BEEC certified WALE of 5.06 Years | Strong rent reviews annually

*Approx. Outline indicative only.

RWC WA raywhitecommercial.com

NZ

15 Eagle Ray Road Mangawhai, NZ

For Sale

Mangawhai Central - builder and developer release Large-scale coastal development sections Sections ranging from 500m² to over 1,000m²* Located in heart of Mangawhai area

Richard Bull 021 443 361 richard.bull@raywhite.com Richard Turner 021 332 233 richard.turner@raywhite.com

Flat, serviced, ready-to-build sections Incorporates extensive parks and green space Adjacent to commercial spots and shops Planned retirement village and daycare

*Approx. Outline indicative only.

RWC Auckland raywhitecommercial.com

59 Wiri Station Road Manukau City, NZ

For Sale Deadline Private Treaty closing on Thursday 17 September at 4pm (unless sold prior)

High profile Wiri landholding 7,210m² (more or less) freehold vacant site Strategic SH20 frontage Open Space - Informal Recreation Zoning and Road Consented vehicle crossing Close proximity to SH20 and SH1 corridors

Mike Hoeft 021 560 491 mike.hoeft@raywhite.com Finn Hurst 027 688 8970 finn.hurst@raywhite.com Tristan Swart 021 175 8451 tristan.swart@raywhite.com

RWC Auckland raywhitecommercial.com

*Approx. Outline indicative only.