Sterling Property and CBRE have jointly brokered the off-market sale of a high-quality childcare investment at 43 Granfell Way, Byford, for $5.5 million.

The 2,389 sqm property features a single-storey childcare centre licensed for 106 children and is securely leased to Bloom Early Education. The transaction was completed at a yield in the low 6% range, reflecting continued investor confidence in the early education sector.

The sale was negotiated by CBRE’s Australian Healthcare & Social Infrastructure team – Sandro Peluso, Jimmy Tat, and Marcello Caspani-Muto – together with Sterling Property’s Jake Wallman and Vincent Siciliano.

Jake Wallman, Partner at Sterling Property, said the result was further evidence of the sector’s resilience.

“The childcare sector continues to demonstrate sustained growth, underpinned by strong population growth and federal government support for early education,” Mr Wallman said.

“We’re seeing consistent interest from investors, developers, and operators seeking opportunities in core growth corridors.”

This Byford transaction follows a series of successful childcare sales led by the same teams, including the record-breaking $7.2 million sale of the Nido Early Learning Centre in Maylands – the largest single-centre childcare transaction in Western Australia to date.

Sandro Peluso of CBRE noted that yields in Western Australia are now closely aligned with those in eastern states, despite a comparatively shallower buyer pool.

“The operational performance of WA childcare assets is incredibly strong, and buyers are recognising the potential. Our last four WA deals have all transacted around the 6% mark,” Mr Peluso said.

“The Perth market, while previously overlooked, is gaining traction as investors seek well-leased, high-performing assets in growth areas.”