Regional Commercial Property News

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

News
$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.
News
Wodonga’s Blazing Stump earns smouldering sum
A local investor has splashed a big sum on Wodonga’s iconic Blazing Stump Hotel. 
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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. 
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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.
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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 …
News
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 …
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$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.
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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.
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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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