Queensland Commercial Property News

A 140-year-old Brisbane hotel, which once claimed a crocodile and a swearing parrot as residents, has sold for $4.6m as the country‘s largest pub landlord slims its property portfolio. An unidentified Brisbane investor has purchased the Kedron Park Hotel after it was auctioned off Wednesday by ALE Property Group.

This block of units for sale at Burleigh Beach is ripe for development — and the real estate agent says they’d be perfect for backpackers.

Cashed-up Gold Coast apartment dwellers looking for somewhere to park the boat, helicopter, collector cars, jetskis and bikes are driving millions in sales of new-age luxury ‘mancaves’ and ‘she-sheds’.

The agent marketing a Gold Coast rural resort that could rival a theme park did not hold back when the sale fell through. He even put his frustrations in the new listing.

A Newcastle-based family which made its fortune in car dealerships has sold their leading cattle breeding property in the western Darling Downs. Nearby landholder, Bidgel Grazing Co. bought the 15,411ha Dalkeith Station, in the Flinton/Teelba region east of St George for between $18-$20m.

The site of a heritage-listed North Queensland pub that was destroyed by fire in 2018 has been relisted for sale, and even the agent admits his own memories of the pub often “ended in hangovers”.

Up to 3000 public servants have been earmarked for a move with a Federal Government agency seeking to consolidate its Brisbane operations in a new Brisbane CBD office tower.

Shopping centre owner Vicinity Centres has taken a $570m hit to the value of its mall portfolio, with most of the pain coming at its CBD complexes.

The impacts of the coronavirus pandemic were not uniformly felt across the commercial property market in 2020, with some sectors emerging more resilient than others.