Regional Commercial Property News

Regional commercial property news, commercial real estate market data, business news and insights.

$70m rebuild: Renowned Queensland resort to be demolished
One of North Queensland’s largest resorts, Castaways at Mission Beach, is set to be demolished and rebuilt under a $70 million plan funded by its Melbourne-based owners, the Neville-Smith Family, and a financial partner.
Wodonga’s Blazing Stump earns smouldering sum
A local investor has splashed a big sum on Wodonga’s iconic Blazing Stump Hotel. 
Commonwealth Games pounds Dreamworld’s bottom line
Theme park operator Village Roadshow has downgraded its earnings forecasts after weak visitor numbers were compounded by a wet March and competition from the Gold Coast Commonwealth Games. 
Daydream Island in $100m renovation nightmare
The Shanghai-based owners of Queensland’s Daydream Island Resort and Spa have been forced to double the renovation costs of their beleaguered resort to $100 million, following substantial damage caused by Tropical Cyclone Debbie last year.
Take prime position next to Cotton On headquarters
A North Geelong infill site presents a multimillion-dollar opportunity to build close to some of the suburb’s biggest businesses. The 2.4ha property at 34-44 Separation St is on the market in an expressions of interest campaign through Geelong …
Geelong servo comes with flowing income
A Newtown service station site is expected to attract interest above $1.5 million when it goes to auction this month. The 2086sq m property at 404-408 Shannon Ave, Newtown, is a prime corner site occupied by a Caltex service …
$280m price tag: Lidcombe, Leopold malls on block
A wholesale fund run by Vicinity Centres has put two major shopping centres on the block for more than $280 million as it winds back its funds management ambitions and focuses on its balance sheet assets.
Woolies, Dan Murphy’s key to Bellarine Village sale
Dual anchor tenants Woolworths and Dan Murphy’s are expected to create interest in Bellarine Village Shopping Centre, which has been listed for sale.
Take prime position between Maccas and 7-Eleven
A key commercial site between a new McDonald’s restaurant and a 7-Eleven fuel outlet at Armstrong Creek has hit the market.
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