MARKET INSIGHTS - INDUSTRIAL
VARSITY LAKES
PROUDLY PRESENTED BY
James Mulholland + Jacob Wallace COMMERCIAL DIVISION
INSIGHTS
GOLD COAST COMMERCIAL: A MARKET ON THE RISE FROM THE DESK OF JAMES MULHOLLAND & JACOB WALLACE As we move into 2026, the Gold Coast commercial property market continues to display resilience, flexibility, and solid long-term growth prospects. Investor confidence remains firmly in place across major asset classes, underpinned by ongoing population inflows, continued infrastructure delivery, and the region’s well-established economic foundations. Retail and industrial assets remain at the forefront of market activity. Retail leasing conditions are strong, supported by consistent consumer spending and stable tourism levels, with seasonal peaks continuing to benefit well-located centres and strip retail. Population growth across the Gold Coast is sustaining foot traffic and supporting tenant demand, presenting ongoing opportunities for both owner-occupiers and investors. Industrial property demand remains tight, driven by continued expansion in logistics, trade services, and last-mile distribution. Limited land availability, coupled with the Gold Coast’s strategic location between Brisbane and northern New South Wales, is placing upward pressure on rents while maintaining low vacancy and attractive investment yields. At a broader level, the commercial market is being supported by major infrastructure investment, including transport upgrades, mixed-use precinct development, and higherdensity planning initiatives. These projects are enhancing connectivity, activating commercial hubs, and reinforcing the Gold Coast’s position as a highly desirable market for sustained commercial investment.
James Mulholland
Jacob Wallace
james.mulholland@raywhite.com
jacob.wallace@raywhite.com
0431 307 129
0401 208 979
INSIGHTS
VARSITY LAKES RELEVANT SALES INDUSTRIAL
INDUSTRIAL
5/3 RINA COURT
3/486 SCOTTSDALE DRIVE
SALE PRICE: $712,500
SALE PRICE: $765,000
115m
2
143m2
SALE DATE: 15/07/2025
SALE DATE: 10/08/2025
$6,196/M2
$5,350/M2
INDUSTRIAL
INDUSTRIAL
13/475 SCOTTSDALE DRIVE
6/478 SCOTTSDALE DRIVE
SALE PRICE: $1,015,000
SALE PRICE: $2,000,000
268m
2
472m2
SALE DATE: 22/12/23
SALE DATE: 28/01/2024
$3,787/M2
$4,237/M2
INDUSTRIAL
INDUSTRIAL
2/1 CROWN COURT
1/481 SCOTTSDALE DRIVE
SALE PRICE: $2,102,000
SALE PRICE: $800,000
524m
2
186m2
SALE DATE: 15/11/23
SALE DATE: 18/11/2025
$4,011/M2
$4,311/M2
INDUSTRIAL
INDUSTRIAL
3/7 FLINT COURT
2/7 FLINT COURT
SALE PRICE: $710,000
SALE PRICE: $606,000
140m
2
120m2
SALE DATE: 22/08/2024
SALE DATE: 22/07/24
$5,071/M2
$5,050/M2
INSIGHTS
VARSITY LAKES RELEVANT LEASES INDUSTRIAL
INDUSTRIAL
5/492 SCOTTSDALE DRIVE
9/3 RINA COURT
$42,000 PA + GST NET
$30,000 PA + GST NET
195m2
120m2
LEASE DATE: 18/09/24
LEASE DATE: 09/07/24
$215/M2
$250/M2
INDUSTRIAL
INDUSTRIAL
4/478 SCOTTSDALE DRIVE
2/6 JOHN DUNCAN COURT
$48,000 PA + GST NET
$57,708 PA + GST NET
165m2
266m2
LEASE DATE: 24/07/23
LEASE DATE: 25/02/2025
$290/M2
$217/M2
INDUSTRIAL
INDUSTRIAL
7/482 SCOTTSDALE DRIVE
4/17-19 CROWN COURT
$45,000 PA + GST NET
164m2 LEASE DATE: 17/11/2025 $274/M2
$63,600 PA + GST NET
240m2 LEASE DATE: 01/10/2025 $265/M2
INDUSTRIAL
INDUSTRIAL
12/53 CASUA DRIVE
2/3 RINA COURT
$35,424 PA + GST NET
$30,000 PA + GST NET
143m2
115m2
LEASE DATE: 01/12/2025
LEASE DATE: 07/10/2025
$248/M2
$261/M2
INSIGHTS
RWT COMMERCIAL CASE STUDIES INDUSTRIAL
Sold
3/486 SCOTTSDALE DRIVE
VARSITY LAKES
143m2 MARKETING INVESTMENT: $815 SOLD FOR $765,000 I couldn’t be happier with the outstanding service provided by James and Jacob in the sale of my commercial property in Varsity Lakes. From the very beginning, they took the time to understand my goals and developed a strategy that delivered a fantastic result. Thank you both for an exceptional experience!
HOSPITALITY
Sold
812-820 PACIFIC PARADE
CURRUMBIN
1,216m2 MARKETING INVESTMENT: $8,000 SOLD FOR $9,525,000 James and Jacob, and John made selling my commercial property in Currumbin an absolute breeze. They really knew their stuff, kept me in the loop the whole way, and made the process way less stressful than I expected. Couldn’t be happier with the result—huge thanks to both of them!
INDUSTRIAL 7/482 SCOTTSDALE DRIVE
VARSITY LAKES
Leased
164m2 MARKETING INVESTMENT: $830 LEASED FOR $45,000 NET Leasing my commercial property with Ray White Tugun was a smooth and straightforward process. The team took care of everything, kept me well-informed, and got me a result I’m more than happy with. Been around a long time, and I know good service when I see it—these folks know what they’re doing.
INSIGHTS
MEET THE COMMERCIAL TEAM
JAMES MULHOLLAND
JACOB WALLACE
COMMERCIAL SALES & LEASING
COMMERCIAL SALES & LEASING
Since moving to the Gold Coast to attend university
Jacob is dedicated to fostering strong relationships
8 years ago, James has worked in the sports
between the agency, property owners, and tenants.
management landscape with a customer service and
His meticulous approach ensures that the properties
membership sales role at the Gold Coast Suns prior to
under his care are well-maintained and compliant with
pursuing a career in Real Estate. Having had an
regulatory standards, reflecting his commitment to
interest in the Real Estate industry for many years,
excellence in every aspect of asset management.
James took the plunge with a career change after receiving what he felt was below average service from
Known for his strong communication and
an agent when purchasing his first home.
organisational skills, Jacob navigates the complexities
Since then, James has been working tirelessly to make
professional demeanour, even under pressure.
of commercial real estate with a calm and his mark on the industry on the Southern Gold Coast. James is results driven and has an unwavering
Jacob graduated from Queensland University of
enthusiasm for both people and property, known for
Technology with a Bachelor of Property Economics,
always going above and beyond to exceed
majoring in Urban and Regional Town Planning.
expectations and make your property management
Before joining Ray White, he managed a diverse range
experience seamless.
of assets across South East Queensland for JLL.
0431 307 129
james.mulholland@raywhite.com
0401 208 979
jacob.wallace@raywhite.com
MIA RODOREDA
EMILY KENT
TUP CURTIS
COURTNEY PARKES
COMMERCIAL ASSET MANAGER
ADMINISTRATION SUPPORT
ADMINISTRATION SUPPORT
OPERATIONS MANAGER
AUCTIONS
RWT AUCTION RESULTS RWT ONLINE AUCTION SUMMARY - 25/26 FY SO FAR...
78 PROPERTIES SOLD
415
4,500+
PEOPLE WATCHED ONLINE
BIDDERS REGISTERED
$90,936,500
$2,981,000
TOTAL VALUE OF PROPERTY SOLD
EARNT ABOVE RESERVES SET BY OUR SELLERS
OVERALL PERFORMANCE- WITHIN THE LOCAL MARKET
45
OUR CLOSEST COMPETITORS AVERAGE DAYS ON MARKET
52%
OUR CLOSEST COMPETITORS AUCTION CLEARANCE RATE
26
RAY WHITE TUGUN AVERAGE DAYS ON MARKET
78%
RAY WHITE TUGUN AUCTION CLEARANCE RATE
Welcome to the family...
James Mulholland 0431 307 129
Jacob Wallace 0401 208 979