A private investor from Sydney has purchased the Morayfield Village retail centre for $24.625 million, signalling a massive vote of confidence in the region’s economic future.
The sale, which was finalised recently, highlights the intense interest surrounding the local property market. Agents from Colliers and JLL managed the campaign, which proved to be incredibly popular among potential buyers. According to the sales team, the property attracted 250 inquiries during the process.
This high level of interest resulted in 13 formal offers from various parties, with the total value of these bids reaching $285 million. The successful buyer is a private investor based in New South Wales who recognised the long-term value of the site.
A Hub for Local Shoppers
The centre is a key part of the local retail landscape. Situated at 177-189 Morayfield Road, the site covers a large area of 1.7 hectares. It is well-positioned to serve the community, with more than 31,000 vehicles passing by every day. The retail hub spans 6,916 square metres and is currently home to popular national brands including Repco, Mr Toys Toyworld, and Choice The Discount Store.
Shoppers also have access to eight other speciality retailers at the location. The centre is currently running at 96 per cent occupancy, meaning nearly all shops are filled. This stability is good news for the new owner, as 89 per cent of the rental income comes from these large national companies. The buildings were also refurbished extensively in 2021, ensuring the facilities remain modern and accessible for the 269 car spaces available on the ground level.
Growth Driving Demand
The strong interest in this sale reflects the rapid changes happening in the City of Moreton Bay. Harry Dever, an Associate Director at Colliers, explained that the demand for property in South-East Queensland remains very high. He noted that this interest is being fuelled by a growing population and consistent spending on infrastructure. These factors give investors long-term confidence that the sector will continue to perform well.
The area is part of Brisbane’s Northern Growth Corridor, which is expanding quickly. Projections suggest that the City of Moreton Bay will gain an additional 308,500 residents by 2046. This population boom makes retail centres essential for the community. Ned McKendry from JLL mentioned that assets in good locations with secure income streams are currently attracting the most aggressive money from investors. With all leases at the centre including annual rent increases, the property offers the financial security that buyers are looking for in the current market.
Published Date 26-November-2025
CLICK ANY LOGO TO SEE PUBLICATION
