Tourism commercial property

From water parks, go-karts and laser tag, to bowling, game arcades and trampoline parks, leisure facilities in the right location can pay dividends for owners with vision.

An “insane” world-first, wave-generating surf pool near the Queensland town of Yeppoon – built in 2018 as a prototype by an Aussie start-up – could be open to the public by late 2022 if a $187 million development plan gets the nod.

Queensland-based villages and parks owner Lifestyle Villages has bought the BIG4 Stuart Range Outback Resort for an undisclosed price in a bid to create a “desert oasis” for tourists.

Olivia Newton-John is selling her wellness retreat in Byron Bay, saying the time has come to “pass the baton” to new owners.

It was once one of the state’s most popular tourism destinations. Now the former Murray Bridge amusement park, which has been left to deteriorate for 14 years, will be cleared.

NSW motoring organisation the NRMA is defying the tourism downturn with the $130 million acquisition of several high-profile Tasmanian resorts, including Frey­cinet Lodge and Cradle Mountain Hotel.

The agent marketing a Gold Coast rural resort that could rival a theme park did not hold back when the sale fell through. He even put his frustrations in the new listing.

Sydney’s property-developing Medich family has reaped almost $500m from the sale of a major site near the planned Western Sydney Airport

There is increasing buyer interest in regional tourism and leisure properties as Australians holiday at home during the coronavirus pandemic.