Queensland

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.

The owners of two irrigated cropping and grazing properties in the Border Rivers region in Queensland’s south west are hoping to cash in on Australia’s booming agricultural sector.

A NORTH Queensland pub that was damaged by a cyclone, and then abandoned, has been listed for sale, ending a four year battle.

Retail and land/development properties dominated interest in the commercial market over the past week, securing six of the top 10 spots on realcommercial.com.au’s most-viewed listings.