- The Shire of Margaret River (WA) saw its building approvals rise 63%
- The only motel hotel in a regional Queensland town is for sale
- Fishermans Bend warehouse property (Vic) could sell above $30 million
Last month, The Property Tribune reported how migration towards the regions over the past year had been accelerated by Covid.
Coastal assets were particularly popular, for example, with the Shire of Augusta Margaret River (WA) reporting that the value of buildings approved in the area rose 63% to $150 million over the past financial year.
Hotel Motel on market
Savills recently listed the “one and only hotel motel in Burrum Heads”, in the Fraser Coast region of Queensland, about 300 kilometres north of Brisbane.
Appropriately called the Burrum Heads Hotel Motel, the property is situated on 1.29 hectares of land, close to the town’s entrance.
It includes a public bar, restaurant, six serviced, equal-sized motel rooms with varied bed configurations, a manager’s residence, a drive-through bottle shop, and has 12 gaming authorities.
If you’re not quite ready to purchase an entire hotel motel, SQM Research said there are currently 137 properties on the market for sale in the postcode, down from a high of four times that a decade ago.
Burrum Heads (postcode 4659)
It seems larger houses are the way to go, as a quick search on Domain shows only one 2 bedroom property is listed, three three-bedroom properties are for sale, and eighteen four-bedroom properties are on the market.
Fishermans Bend warehouse
Back in the city, located at 525 Graham Street, Port Melbourne, the Fishermans Bend warehouse property sits within the City of Port Phillip.
Savills said it is the longstanding base of Frank Walker’s National Tiles and will provide the purchaser with holding income of $410,000 including GST plus outgoings.
The property is expected to reel in a big catch, possibly worth above $30 million.
Savills also said the area has potential following the announcement the Victorian government would be casting $179.4 million worth of investment into the Fishermans Bend precinct.