Hillsong Sells Sydney Campus in Record Deal

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Hillsong Church has sold its Macquarie Park campus to an undisclosed international buyer, marking a significant transaction in Sydney’s northwest property market. The religious facility, one of ten Hillsong locations in Sydney, reportedly achieved a record price per square meter for the area. Colliers senior executive Sam Thomlinson confirmed the new owners intend to maintain the property’s religious use while securing a strategic foothold in the rapidly developing precinct.

The sale concludes months of marketing for the Byfield Street property, which hosted children’s programs and worship services. Market analysts note the transaction reflects strong demand for well-located institutional properties, particularly in Macquarie Park’s growing education and technology corridor. The deal’s closure comes despite Hillsong’s well-publicized leadership scandals, though sources confirm no connection exists between the controversies and this divestment.

Commercial real estate experts highlight the property’s dual value as both an operational asset and a long-term investment. Thomlinson emphasized the buyer’s confidence in the area’s appreciation potential, stating the acquisition represents “a strategic play” with built-in downside protection. The transaction’s pricing remains confidential, but industry insiders suggest the figure significantly exceeds previous benchmarks for similar religious facilities in Sydney’s northern suburbs.

This sale underscores the resilience of specialized property assets in Sydney’s shifting real estate landscape. While Hillsong reorganizes its global operations, the Macquarie Park deal demonstrates how institutional buyers value location over organizational reputation. The transaction may signal increased foreign interest in Australian religious properties, particularly those situated in high-growth urban corridors. As Sydney’s property market evolves, such strategic acquisitions could redefine how faith-based organizations approach their real estate portfolios in the coming years.