Regional Commercial Property News

Plans for a three-storey aged care development on a prominent Highton site look set to go ahead after it sold for $3.6 million.

While CBD hotels in Sydney, Brisbane and Melbourne are shutting, Quest Apartment ­Hotels reports the franchisee-owned company is picking up lots of rural business during the coronavirus pandemic, particularly in Western Australia and the ­regional NSW towns of Goulburn, Orange and Tamworth.

For those keen for a tree-change opportunity that allows an escape from city life for a more relaxed country lifestyle, the sale of the Ross Motel might fit like a glove.

A former water basin in Highton will be transformed into a sustainable housing estate under Barwon Water’s vision for the 3ha site.

Millionaire developer Tony Denny has listed six Central Coast development sites worth around $40 million.

Major resorts and hotels including the multi-billionaire Oatley family’s flagship Hamilton Island in Queensland’s Whitsundays have closed, while Malaysian gaming giant Mulpha has shut its newly refurbished ultra-luxe InterContinental Hayman Island as the spread of COVID-19 continues apace.

The historic colonial country estate Ravensworth Homestead will be relocated to the nearby Broke village in the NSW Hunter Valley as part of a new Village Square development funded by mining giant Glencore.

Search for land for sale at Electrona or nearby Margate and there is a strong chance you will come up empty-handed.

Direct property investments in areas like High St, Belmont are making more sense for buyers watching interest rates and share market values wane. Five buyers contested the home to Bendigo Bank’s Belmont branch at 142-146 High …