Childcare Property Market

A Woolworths that sold for $13 million and a investor binge on childcare centres headlined this week’s Burgess Rawson investment portfolio auctions in Sydney and Melbourne. More than $104 million worth of commercial property sold over two …

A Bunnings Warehouse in regional Victoria and a slew of childcare centres were among more than $100 million worth of properties that changed hands at the latest Burgess Rawson investment auctions.

It sounds like a deal you might stumble across at nearby Chadstone Shopping Centre – except the stakes are much, much higher.

Last year’s childcare boom appears to be gathering even more steam, with almost $20 million worth of childcare centres sold at the first Burgess Rawson investment auctions of 2017.

Childcare centres and petrol stations were in investors’ crosshairs at the latest Burgess Rawson investment portfolio auctions, which saw $117 million worth of property change hands over two days.

It was a return to form at this week’s Burgess Rawson portfolio auctions, with a Coles supermarket and Bunnings Warehouse in regional Victoria, as well as six United petrol stations, all selling under the hammer on tight yields.

Investors are looking to capitalise on the increasing demand for places at childcare centres, with interest in developing and owning the properties utilised by the centres on the rise.

The home of the Melbourne City Ballet, on the grounds of the old Pentridge Prison, will be on the block next week as part of the latest Burgess Rawson portfolio auctions.

What does record low interest rates, solid yields and fierce competition in metropolitan areas mean for investors? They’re moving into regional Australia.