Queensland

A pub landlord is offloading a popular venue in one of the nation’s hottest property markets, and with a major hotelier already in place, the investor may not even need the luck of the Irish to make a big sale.

An investor has picked up a property in a ‘hot little pocket’ of the coast shared by a well-known diamond wholesaler and a licenced brothel for $2.55m.

Australia’s richest person, Gina Rinehart, is set to sell off part of her incredible property portfolio worth around $300m and 50 per cent bigger than Sydney.

A wealthy Sydney family spent more than $15 million on two service stations as high-net-worth investors filled up commercial property leased to blue-chip tenants in a $94.3 million portfolio auction.

Australia’s largest pub landlord is preparing to offload three of its iconic hotels in Queensland, with overseas, interstate and local investors all keen to blow the froth off the competition.

The billionaire is set to spend $100m redeveloping his Coolum Resort on Queensland’s Sunshine Coast after it fell into disrepair a decade ago.

Along with a reportedly increasing number of city-weary Australians, it seems commercial property investors are also eyeing a “move to the country” in 2021. Add historically low interest rates to the mix and it’s a “perfect recipe for buyers to invest their money,” experts say.

First-time investors keen to get into the commercial property market are chasing entry-level opportunities in the first big portfolio auctions of the year.

Buyers are making a bee line  for “pandemic proof” healthcare and medical properties as enquiries ratchet up across the commercial sector.