BYD just did something no other Chinese brand has ever done in Australia
The Chinese automaker, which exclusively sells electric (EV) and plug-in hybrid (PHEV) vehicles, delivered 8156 new vehicles in June 2025 – a staggering 367.9 per cent increase over June 2024.
It beat its existing monthly sales record of 4811 deliveries in March, and achieved a total market share of 6.4 per cent last month.
The highest position previously achieved by a Chinese in Australia brand was sixth. This was achieved by MG in May 2023, when it delivered 4828 vehicles.
MG fell out of the top 10 in June 2025, with 3896 deliveries, down 7.8 per cent year-on-year. It was beaten by not only BYD but also by GWM, which took seventh spot with a record 5464 deliveries (up 30.9 per cent).
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
Also just outside of the top 10 was Chery, which surpassed 3000 monthly deliveries for the first time, reaching 3024 units – up 180.3 per cent.
No brand could beat BYD's year-on-year percentage increase, however.
With BYD reaching 20,458 deliveries year-to-date, it has also already beat its entire 2024 calendar year sales performance. A total of 10,424 of these – or 51 per cent – were of the Shark 6 ute.
The plug-in hybrid 4×4 dual-cab, deliveries of which commenced earlier this year, was its biggest seller in June.
A total of 2993 examples of the Shark 6 were delivered in June, making it Australia's fifth best-selling vehicle.
Its performance saw it outsell 4×4 versions of the Isuzu D-Max, and it even came close to beating total sales of the Japanese brand's ute line – just 126 deliveries separated it from the Shark 6.
The Shark 6 beat the D-Max in February, however, BYD blamed an administrative error that saw it count 450 examples which had actually been delivered in the previous month.
Deliveries of the Sealion 6 mid-size PHEV SUV, introduced last year, increased by 232.8 per cent year-on-year to 1604 units.
The Sealion 7 mid-size electric SUV, introduced this year, beat it with 1795 deliveries.
While BYD had offers available on the Sealion 6 during June, it had none on the Sealion 7 – and yet it was the latter that was the stronger seller, out-performing the brand's own expectations.
These two vehicles outsold myriad models in the mainstream medium SUV segment, placing fifth and sixth overall.
That saw them fall short of the Mazda CX-5 (2582), Toyota RAV4 (2421), Hyundai Tucson (2332) and Kia Sportage (1835), but eclipse the Subaru Forester (1426), Nissan X-Trail (1344), GWM Haval H6 (1278) and Mitsubishi Outlander (1196).
The three oldest BYD models in our market sold in significantly lower volumes. BYD delivered 576 Atto 3 medium electric SUVs (up 64.1 per cent), and 561 Dolphin electric hatchbacks (up 175 per cent), but Seal electric sedan sales fell by 11.2 per cent to 627 units.
That was still enough to see it earn the title of second best-selling vehicle in its segment, falling just 112 units short of the Toyota Camry, deliveries of which plunged 63.3 per cent.
This trio may comprise BYD's oldest models in our market, but that's relatively speaking. The Atto 3 launched here in 2022, with the Dolphin and Seal following in 2023.
While June is typically a strong month for new-vehicle sales, BYD had a disproportionately strong performance.
June also marked the last month of EVDirect serving as BYD's independent local importer, with the Chinese automaker taking over Australian distribution from this month.
Here's how its monthly delivery figures compare with the other two top-selling Chinese brands in Australia so far this year.
"There was a very concerted effort from the OEM and the distributor to make a splash, but there's no conversations about resting now. There's huge ambitions across the board," BYD Australia chief marketing officer Kate Hornstein told CarExpert.
Ms Hornstein wouldn't confirm where the brand expects to finish overall in 2025. While June is traditionally a strong month for new-vehicle sales, fuelled by end-of-financial-year (EOFY) offers, the third quarter is typically a weaker time of the year for sales.
It was the Atto 3's launch in 2022 that saw BYD properly establish itself in Australia as a volume brand, after previously dabbling with limited runs of fleet-focused vehicles like the e6 people mover and T3 van.
BYD's Australian sales volumes should continue to grow on the back of several new model releases.
It's planning to launch a new small electric SUV, the Atto 2, later this year, while the seven-seat Sealion 8 plug-in hybrid SUV will follow in 2026, giving the brand its largest SUV yet in our market.
Other vehicles on the horizon from BYD include more permutations of the hot-selling Shark 6, and potentially an electric city car (the Seagull/Dolphin Surf), plus a plug-in hybrid mid-size sedan and wagon in the Seal 06.
BYD is now distributing vehicles in Australia itself, having dropped EVDirect as its local distributor – though the Aussie firm retains a minority stake in BYD's retail joint venture with Eagers Automotive Limited, and key personnel have moved over to the automaker.
The company also plans to introduce its premium Denza brand later this year.
MORE: VFACTS June 2025: Chinese cars surge in buoyant market
Content originally sourced from: CarExpert.com.au
BYD has become the first Chinese brand to crack the list of top-five best-selling auto brands in Australia.
The Chinese automaker, which exclusively sells electric (EV) and plug-in hybrid (PHEV) vehicles, delivered 8156 new vehicles in June 2025 – a staggering 367.9 per cent increase over June 2024.
It beat its existing monthly sales record of 4811 deliveries in March, and achieved a total market share of 6.4 per cent last month.
The highest position previously achieved by a Chinese in Australia brand was sixth. This was achieved by MG in May 2023, when it delivered 4828 vehicles.
MG fell out of the top 10 in June 2025, with 3896 deliveries, down 7.8 per cent year-on-year. It was beaten by not only BYD but also by GWM, which took seventh spot with a record 5464 deliveries (up 30.9 per cent).
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
Also just outside of the top 10 was Chery, which surpassed 3000 monthly deliveries for the first time, reaching 3024 units – up 180.3 per cent.
No brand could beat BYD's year-on-year percentage increase, however.
With BYD reaching 20,458 deliveries year-to-date, it has also already beat its entire 2024 calendar year sales performance. A total of 10,424 of these – or 51 per cent – were of the Shark 6 ute.
The plug-in hybrid 4×4 dual-cab, deliveries of which commenced earlier this year, was its biggest seller in June.
A total of 2993 examples of the Shark 6 were delivered in June, making it Australia's fifth best-selling vehicle.
Its performance saw it outsell 4×4 versions of the Isuzu D-Max, and it even came close to beating total sales of the Japanese brand's ute line – just 126 deliveries separated it from the Shark 6.
The Shark 6 beat the D-Max in February, however, BYD blamed an administrative error that saw it count 450 examples which had actually been delivered in the previous month.
Deliveries of the Sealion 6 mid-size PHEV SUV, introduced last year, increased by 232.8 per cent year-on-year to 1604 units.
The Sealion 7 mid-size electric SUV, introduced this year, beat it with 1795 deliveries.
While BYD had offers available on the Sealion 6 during June, it had none on the Sealion 7 – and yet it was the latter that was the stronger seller, out-performing the brand's own expectations.
These two vehicles outsold myriad models in the mainstream medium SUV segment, placing fifth and sixth overall.
That saw them fall short of the Mazda CX-5 (2582), Toyota RAV4 (2421), Hyundai Tucson (2332) and Kia Sportage (1835), but eclipse the Subaru Forester (1426), Nissan X-Trail (1344), GWM Haval H6 (1278) and Mitsubishi Outlander (1196).
The three oldest BYD models in our market sold in significantly lower volumes. BYD delivered 576 Atto 3 medium electric SUVs (up 64.1 per cent), and 561 Dolphin electric hatchbacks (up 175 per cent), but Seal electric sedan sales fell by 11.2 per cent to 627 units.
That was still enough to see it earn the title of second best-selling vehicle in its segment, falling just 112 units short of the Toyota Camry, deliveries of which plunged 63.3 per cent.
This trio may comprise BYD's oldest models in our market, but that's relatively speaking. The Atto 3 launched here in 2022, with the Dolphin and Seal following in 2023.
While June is typically a strong month for new-vehicle sales, BYD had a disproportionately strong performance.
June also marked the last month of EVDirect serving as BYD's independent local importer, with the Chinese automaker taking over Australian distribution from this month.
Here's how its monthly delivery figures compare with the other two top-selling Chinese brands in Australia so far this year.
"There was a very concerted effort from the OEM and the distributor to make a splash, but there's no conversations about resting now. There's huge ambitions across the board," BYD Australia chief marketing officer Kate Hornstein told CarExpert.
Ms Hornstein wouldn't confirm where the brand expects to finish overall in 2025. While June is traditionally a strong month for new-vehicle sales, fuelled by end-of-financial-year (EOFY) offers, the third quarter is typically a weaker time of the year for sales.
It was the Atto 3's launch in 2022 that saw BYD properly establish itself in Australia as a volume brand, after previously dabbling with limited runs of fleet-focused vehicles like the e6 people mover and T3 van.
BYD's Australian sales volumes should continue to grow on the back of several new model releases.
It's planning to launch a new small electric SUV, the Atto 2, later this year, while the seven-seat Sealion 8 plug-in hybrid SUV will follow in 2026, giving the brand its largest SUV yet in our market.
Other vehicles on the horizon from BYD include more permutations of the hot-selling Shark 6, and potentially an electric city car (the Seagull/Dolphin Surf), plus a plug-in hybrid mid-size sedan and wagon in the Seal 06.
BYD is now distributing vehicles in Australia itself, having dropped EVDirect as its local distributor – though the Aussie firm retains a minority stake in BYD's retail joint venture with Eagers Automotive Limited, and key personnel have moved over to the automaker.
The company also plans to introduce its premium Denza brand later this year.
MORE: VFACTS June 2025: Chinese cars surge in buoyant market
Content originally sourced from: CarExpert.com.au
BYD has become the first Chinese brand to crack the list of top-five best-selling auto brands in Australia.
The Chinese automaker, which exclusively sells electric (EV) and plug-in hybrid (PHEV) vehicles, delivered 8156 new vehicles in June 2025 – a staggering 367.9 per cent increase over June 2024.
It beat its existing monthly sales record of 4811 deliveries in March, and achieved a total market share of 6.4 per cent last month.
The highest position previously achieved by a Chinese in Australia brand was sixth. This was achieved by MG in May 2023, when it delivered 4828 vehicles.
MG fell out of the top 10 in June 2025, with 3896 deliveries, down 7.8 per cent year-on-year. It was beaten by not only BYD but also by GWM, which took seventh spot with a record 5464 deliveries (up 30.9 per cent).
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
Also just outside of the top 10 was Chery, which surpassed 3000 monthly deliveries for the first time, reaching 3024 units – up 180.3 per cent.
No brand could beat BYD's year-on-year percentage increase, however.
With BYD reaching 20,458 deliveries year-to-date, it has also already beat its entire 2024 calendar year sales performance. A total of 10,424 of these – or 51 per cent – were of the Shark 6 ute.
The plug-in hybrid 4×4 dual-cab, deliveries of which commenced earlier this year, was its biggest seller in June.
A total of 2993 examples of the Shark 6 were delivered in June, making it Australia's fifth best-selling vehicle.
Its performance saw it outsell 4×4 versions of the Isuzu D-Max, and it even came close to beating total sales of the Japanese brand's ute line – just 126 deliveries separated it from the Shark 6.
The Shark 6 beat the D-Max in February, however, BYD blamed an administrative error that saw it count 450 examples which had actually been delivered in the previous month.
Deliveries of the Sealion 6 mid-size PHEV SUV, introduced last year, increased by 232.8 per cent year-on-year to 1604 units.
The Sealion 7 mid-size electric SUV, introduced this year, beat it with 1795 deliveries.
While BYD had offers available on the Sealion 6 during June, it had none on the Sealion 7 – and yet it was the latter that was the stronger seller, out-performing the brand's own expectations.
These two vehicles outsold myriad models in the mainstream medium SUV segment, placing fifth and sixth overall.
That saw them fall short of the Mazda CX-5 (2582), Toyota RAV4 (2421), Hyundai Tucson (2332) and Kia Sportage (1835), but eclipse the Subaru Forester (1426), Nissan X-Trail (1344), GWM Haval H6 (1278) and Mitsubishi Outlander (1196).
The three oldest BYD models in our market sold in significantly lower volumes. BYD delivered 576 Atto 3 medium electric SUVs (up 64.1 per cent), and 561 Dolphin electric hatchbacks (up 175 per cent), but Seal electric sedan sales fell by 11.2 per cent to 627 units.
That was still enough to see it earn the title of second best-selling vehicle in its segment, falling just 112 units short of the Toyota Camry, deliveries of which plunged 63.3 per cent.
This trio may comprise BYD's oldest models in our market, but that's relatively speaking. The Atto 3 launched here in 2022, with the Dolphin and Seal following in 2023.
While June is typically a strong month for new-vehicle sales, BYD had a disproportionately strong performance.
June also marked the last month of EVDirect serving as BYD's independent local importer, with the Chinese automaker taking over Australian distribution from this month.
Here's how its monthly delivery figures compare with the other two top-selling Chinese brands in Australia so far this year.
"There was a very concerted effort from the OEM and the distributor to make a splash, but there's no conversations about resting now. There's huge ambitions across the board," BYD Australia chief marketing officer Kate Hornstein told CarExpert.
Ms Hornstein wouldn't confirm where the brand expects to finish overall in 2025. While June is traditionally a strong month for new-vehicle sales, fuelled by end-of-financial-year (EOFY) offers, the third quarter is typically a weaker time of the year for sales.
It was the Atto 3's launch in 2022 that saw BYD properly establish itself in Australia as a volume brand, after previously dabbling with limited runs of fleet-focused vehicles like the e6 people mover and T3 van.
BYD's Australian sales volumes should continue to grow on the back of several new model releases.
It's planning to launch a new small electric SUV, the Atto 2, later this year, while the seven-seat Sealion 8 plug-in hybrid SUV will follow in 2026, giving the brand its largest SUV yet in our market.
Other vehicles on the horizon from BYD include more permutations of the hot-selling Shark 6, and potentially an electric city car (the Seagull/Dolphin Surf), plus a plug-in hybrid mid-size sedan and wagon in the Seal 06.
BYD is now distributing vehicles in Australia itself, having dropped EVDirect as its local distributor – though the Aussie firm retains a minority stake in BYD's retail joint venture with Eagers Automotive Limited, and key personnel have moved over to the automaker.
The company also plans to introduce its premium Denza brand later this year.
MORE: VFACTS June 2025: Chinese cars surge in buoyant market
Content originally sourced from: CarExpert.com.au
BYD has become the first Chinese brand to crack the list of top-five best-selling auto brands in Australia.
The Chinese automaker, which exclusively sells electric (EV) and plug-in hybrid (PHEV) vehicles, delivered 8156 new vehicles in June 2025 – a staggering 367.9 per cent increase over June 2024.
It beat its existing monthly sales record of 4811 deliveries in March, and achieved a total market share of 6.4 per cent last month.
The highest position previously achieved by a Chinese in Australia brand was sixth. This was achieved by MG in May 2023, when it delivered 4828 vehicles.
MG fell out of the top 10 in June 2025, with 3896 deliveries, down 7.8 per cent year-on-year. It was beaten by not only BYD but also by GWM, which took seventh spot with a record 5464 deliveries (up 30.9 per cent).
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
Also just outside of the top 10 was Chery, which surpassed 3000 monthly deliveries for the first time, reaching 3024 units – up 180.3 per cent.
No brand could beat BYD's year-on-year percentage increase, however.
With BYD reaching 20,458 deliveries year-to-date, it has also already beat its entire 2024 calendar year sales performance. A total of 10,424 of these – or 51 per cent – were of the Shark 6 ute.
The plug-in hybrid 4×4 dual-cab, deliveries of which commenced earlier this year, was its biggest seller in June.
A total of 2993 examples of the Shark 6 were delivered in June, making it Australia's fifth best-selling vehicle.
Its performance saw it outsell 4×4 versions of the Isuzu D-Max, and it even came close to beating total sales of the Japanese brand's ute line – just 126 deliveries separated it from the Shark 6.
The Shark 6 beat the D-Max in February, however, BYD blamed an administrative error that saw it count 450 examples which had actually been delivered in the previous month.
Deliveries of the Sealion 6 mid-size PHEV SUV, introduced last year, increased by 232.8 per cent year-on-year to 1604 units.
The Sealion 7 mid-size electric SUV, introduced this year, beat it with 1795 deliveries.
While BYD had offers available on the Sealion 6 during June, it had none on the Sealion 7 – and yet it was the latter that was the stronger seller, out-performing the brand's own expectations.
These two vehicles outsold myriad models in the mainstream medium SUV segment, placing fifth and sixth overall.
That saw them fall short of the Mazda CX-5 (2582), Toyota RAV4 (2421), Hyundai Tucson (2332) and Kia Sportage (1835), but eclipse the Subaru Forester (1426), Nissan X-Trail (1344), GWM Haval H6 (1278) and Mitsubishi Outlander (1196).
The three oldest BYD models in our market sold in significantly lower volumes. BYD delivered 576 Atto 3 medium electric SUVs (up 64.1 per cent), and 561 Dolphin electric hatchbacks (up 175 per cent), but Seal electric sedan sales fell by 11.2 per cent to 627 units.
That was still enough to see it earn the title of second best-selling vehicle in its segment, falling just 112 units short of the Toyota Camry, deliveries of which plunged 63.3 per cent.
This trio may comprise BYD's oldest models in our market, but that's relatively speaking. The Atto 3 launched here in 2022, with the Dolphin and Seal following in 2023.
While June is typically a strong month for new-vehicle sales, BYD had a disproportionately strong performance.
June also marked the last month of EVDirect serving as BYD's independent local importer, with the Chinese automaker taking over Australian distribution from this month.
Here's how its monthly delivery figures compare with the other two top-selling Chinese brands in Australia so far this year.
"There was a very concerted effort from the OEM and the distributor to make a splash, but there's no conversations about resting now. There's huge ambitions across the board," BYD Australia chief marketing officer Kate Hornstein told CarExpert.
Ms Hornstein wouldn't confirm where the brand expects to finish overall in 2025. While June is traditionally a strong month for new-vehicle sales, fuelled by end-of-financial-year (EOFY) offers, the third quarter is typically a weaker time of the year for sales.
It was the Atto 3's launch in 2022 that saw BYD properly establish itself in Australia as a volume brand, after previously dabbling with limited runs of fleet-focused vehicles like the e6 people mover and T3 van.
BYD's Australian sales volumes should continue to grow on the back of several new model releases.
It's planning to launch a new small electric SUV, the Atto 2, later this year, while the seven-seat Sealion 8 plug-in hybrid SUV will follow in 2026, giving the brand its largest SUV yet in our market.
Other vehicles on the horizon from BYD include more permutations of the hot-selling Shark 6, and potentially an electric city car (the Seagull/Dolphin Surf), plus a plug-in hybrid mid-size sedan and wagon in the Seal 06.
BYD is now distributing vehicles in Australia itself, having dropped EVDirect as its local distributor – though the Aussie firm retains a minority stake in BYD's retail joint venture with Eagers Automotive Limited, and key personnel have moved over to the automaker.
The company also plans to introduce its premium Denza brand later this year.
MORE: VFACTS June 2025: Chinese cars surge in buoyant market
Content originally sourced from: CarExpert.com.au
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Advertiser
5 hours ago
- The Advertiser
Trump says US will start TikTok deal talks with China
US President Donald Trump says he will start talking to China next week about a possible TikTok deal. He said the United States "pretty much" has a deal on the sale of the TikTok short-video app. "I think we're gonna start Monday or Tuesday ... talking to China, perhaps President Xi or one of his representatives, but we would we pretty much have a deal," Trump told reporters on Friday aboard Air Force One. In June, Trump extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok. A deal had been in the works to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. Trump said the US would probably have to get a deal approved by China. When asked how confident he was that China would agree to a deal, he said, "I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us." US President Donald Trump says he will start talking to China next week about a possible TikTok deal. He said the United States "pretty much" has a deal on the sale of the TikTok short-video app. "I think we're gonna start Monday or Tuesday ... talking to China, perhaps President Xi or one of his representatives, but we would we pretty much have a deal," Trump told reporters on Friday aboard Air Force One. In June, Trump extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok. A deal had been in the works to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. Trump said the US would probably have to get a deal approved by China. When asked how confident he was that China would agree to a deal, he said, "I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us." US President Donald Trump says he will start talking to China next week about a possible TikTok deal. He said the United States "pretty much" has a deal on the sale of the TikTok short-video app. "I think we're gonna start Monday or Tuesday ... talking to China, perhaps President Xi or one of his representatives, but we would we pretty much have a deal," Trump told reporters on Friday aboard Air Force One. In June, Trump extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok. A deal had been in the works to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. Trump said the US would probably have to get a deal approved by China. When asked how confident he was that China would agree to a deal, he said, "I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us." US President Donald Trump says he will start talking to China next week about a possible TikTok deal. He said the United States "pretty much" has a deal on the sale of the TikTok short-video app. "I think we're gonna start Monday or Tuesday ... talking to China, perhaps President Xi or one of his representatives, but we would we pretty much have a deal," Trump told reporters on Friday aboard Air Force One. In June, Trump extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok. A deal had been in the works to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. Trump said the US would probably have to get a deal approved by China. When asked how confident he was that China would agree to a deal, he said, "I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us."
Perth Now
7 hours ago
- Perth Now
Trump says US will start TikTok deal talks with China
US President Donald Trump says he will start talking to China next week about a possible TikTok deal. He said the United States "pretty much" has a deal on the sale of the TikTok short-video app. "I think we're gonna start Monday or Tuesday ... talking to China, perhaps President Xi or one of his representatives, but we would we pretty much have a deal," Trump told reporters on Friday aboard Air Force One. In June, Trump extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok. A deal had been in the works to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. Trump said the US would probably have to get a deal approved by China. When asked how confident he was that China would agree to a deal, he said, "I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us."
The Age
10 hours ago
- The Age
Melbourne locals miss property bargains as offshore and interstate investors step up
However, the vendors, a family who had owned the shop at 423-425 Elizabeth Street since 1981, held their ground and reaped $9.1 million in post-auction negotiations. The deal delivered the highest building rate – $32,155 a sq m – achieved in the city in the past five years and the tightest yield – 3.66 per cent – of the past two years. Cushman & Wakefield's Ma, along with Anthony Kirwan, Hay and Wolman, handled the negotiations. The 283 sq m shop is on a 184 sq m piece of land at the Queen Vic Market end of Elizabeth Street and is leased to giant Chinese retailer Mixue. The price is a sure guide to where the market is heading: income. Mixue pays an estimated $428,490 a year. It proved quite the contrast with Thursday's auction at 105 Elizabeth Street, between Collins and Little Collins streets. The 870 sq m five-storey building sold under the hammer for just $6 million (equalling the final vendor bid) after bidding from two parties – an investor from Singapore and a representative from Advise Transact. It was a tight price but a good 30 per cent lower than what the building could have achieved in 2021. Records show investor Bin Ma paid $7.55 million in February 2024. The property returns $283,798 a year, most of which is derived from the ground floor Coleman's Music shop, giving the deal a sharp yield of 4.72 per cent The office floors above are empty. Levels two to four were last occupied by US credit card giant American Express until the mid-1990s when it left for Hothlyn House, a building owned by former prime minister Bob Hawke. The buyer will need deep pockets to fund a major renovation, but the payoff could be substantial. Fully leased it could rake in close to $600,000 a year. Cushman & Wakefield's Kirwan, Wolman and George Davies handled the auction, which attracted about 50 people and just 11 bids in more than 30 minutes. Skyloft carpark Another little piece of the CBD is up for grabs, but buyers won't have to dig too deep for the car park in the basement of 601 Little Collins Street. The 53-bay car park is for sale at about $3.5 million, which equates to $66,000 per car park, or $3100 per sq m. Colliers agent Christian Hatzis, who is handling the listing with Nick Garoni and Yvonne Zhou, suggests the car park could be converted into a different use, such as a gym or novelty escape room. The 1118 sq m property is under the Skylofts 601 apartment building and has access from Francis Street. It last changed hands in 2006 for $2.64 million. It's one of a clutch of car parks and self-storage facilities owned by the Fry family. Loading In 2016, James Fry used the roof of another car park, on the corner of Market Street and Flinders Lane, to set up a short stay caravan business. Greville shops An interstate investor has splashed out close to $11 million for a Greville Street holding belonging to rich-lister Patricia Ilhan. Ilhan, who made her fortune with the late John Ilhan in the early 2000s selling the Crazy John's mobile phone business, bought the properties in 2011 for almost $8 million. The three shops at 136-144 Greville Street are leased by swanky French restaurant Entrecote and its neighbours, Kookai and Acai Brothers. The properties are on three titles, covering 909 sq m, on the funky Prahran shopping strip. The tenants pay $479,370 a year in rent. Vinci Carbone's Frank Vinci and Joseph Carbone handled the expressions-of-interest campaign. Vinci told Capital Gain there had been interest from offshore investors, but an interstate family secured the investment. Union sells The Australian Services Union is selling its long held office building in Carlton, on the city-fringe. The building at 116 Queensberry Street, on the corner of Cardigan Street, has been ASU headquarters since 1989. The 2250 sq m three-storey office is on a 1026 sq m parcel of land. CBRE agents Nick Peden and Jamus Campbell are handling the expressions-of-interest campaign. They're expecting about $13 million. No word yet on where the ASU will land next. On the other side of the city, an office at 29-33 Palmerston Crescent, South Melbourne, is back on the market for the third time in recent years. The five-storey building was previously the long-time headquarters of the National Tax and Accountants Association and last changed hands in 2005 for $4.6 million. It's a short walk to St Kilda Road and the new Anzac railway station at the Domain Interchange. Cushman & Wakefield's Kirwan, Davies and Raphael Favas have the listing and expect it will fetch more than $10 million. Industrial shed Perth-based investor Westbridge Funds Management has splashed out $13.25 million on a logistics property at 62 Northgate Drive, Thomastown. Loading The 4970 sq m property is on a 7600 sq m piece of land next to the Ring Road and is leased to logistics company NPFulfilment. Colliers agents Daniel Telling, Billy Kanakis and Nick O'Brien handled the transaction. The acquisition marks the completion of Westbridge's $77 million Total Return Fund. 'The Thomastown property strengthens the fund's logistics exposure in a location with proven occupier demand and constrained supply,' Westbridge head of capital transactions Simon Worth said.
