Investors outlay $45m on childcare centres

A Pascoe Vale South childcare centre (outlined) traded at a low 4.36 per cent yield.

Childcare centres worth close to $45 million traded at a bulk auction event today.

The priciest, at Wantirna South in Melbourne’s east (pictured, top) – collected $12.77m, reflecting a 4.4pc yield.

In the city’s north Pascoe Vale South, a recently completed complex sold for $12.52m, at a 4.36pc yield.

Elsewhere in the Victorian capital, a Bulleen investment found favour for $11.35m.

That price reflected a 5.2pc yield.

Centres in Bendigo, in regional Victoria and Adelaide (Hallett Cove), also traded – for $6.4m and $1.69m respectively.

Burgess Rawson was the broker.

Vinci Carbone was co-agent on the Pascoe Vale South deal (story continues below).

Low yields but low clearance rate

The assets were part of a 23-property portfolio offered by Burgess Rawson at Melbourne’s Crown Casino today; 21 sold, including two prior to the event.

Yesterday, 19 assets were auctioned in Brisbane – with 12 selling. One more traded beforehand.

On Monday, 13 out of 16 properties which went for public sale found buyers. Another three scheduled for public sale sold earlier.

The blended clearance rate was 77pc – the total spend was $216.94m.

The lowest yield – 3.43pc – was achieved for a Maroubra bottle shop which collected $10.17m.

Subscribe to our newsletter at the bottom of this page.

Share or Recommend article

Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of