<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Bundaberg

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Bucca, a 123ha farm in the Bundaberg region, has been purchased by an Asian based buyer for $2 million with future plans to convert the property from sugarcane to macadamia production.
Trenton Hindman, at Colliers International, marketed the property for Bucca Investments Pty Ltd who have owned it since 2007.
“This sale showcases a perfect mix of foreign capital investment, Australian horticultural expertise and management, and ultimately the export of the popular macadamia nut,” said Mr Hindman.
“There is an interesting trend currently occurring in the Bundaberg region where we are seeing a change of land use from sugarcane to tree crops.”  
Located at 123 Mahoneys Road in Bucca, this freehold irrigation property consists of five titles of irrigated grey loam river flats.
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Sugarcane farm at Bundaberg to become macadamia farm after $2 million Bucca sale

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Bundaberg’s residential market for both houses and units has remained flat with a slight reduction in values over the past 12 months with overall confidence being subdued, according to HTW’s February 2017 update.
The valuation firm says sales data indicates a contraction in the number of sales making it a buyer’s market at present. The rental vacancy rate has reduced from 6.3% to 4.5%.
“The Bundaberg economy has had a $10 million injection with the Bundaberg Sports and Community Centre and the Rubyanna Wastewater Treatment Plant being built,” the firm says.
“The Knauf Plasterboard manufacturing plant at the port is still under construction.
“As these developments progress, confidence in the market should lift throughout 2017.
“This year with confidence improving, we believe that we are in for some positive movements.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-bundaberg+south-124529446" target="_blank">2 Wyper Street</a>, Bundaberg (above) has been listed for sale for $249,000.
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Bundaberg a buyers' market: HTW

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The Bundaberg macadamia industry is now the largest producer in Australia producing approximately 40 percent of the national crop.
Bundaberg has taken over from the Northern Rivers area of New South Wales, which produces just under 40 percent of the national crop, HTW Rural's latest report noted.
"The main advantage Bundaberg has is scale of operation with approximately 60 growers whereas the Northern Rivers has approximately 450 growers," it said.
Macadamia nut prices have been increasing for a number of years and were $5.09 per kilogram nut in shell last year and are expected to be $5.20 per kilogram nut in shell this year.
HTW last reported sale of a macadamia nut orchard in Bundaberg was for around $7 million.
Sales generally reflect a market value range of $35,000 to $40,000 per irrigated treed hectare. 
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Bundaberg region takes mantle as biggest macadamia producer

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In Queensland’s Bundaberg region you could buy land in a new estate and build the home of your choice within reach of the ‘lazy half million’ dollars, say valuation firm Herron Todd White in their July 2016 residential market report which analyses the property sector in the sub $500,000 range.
One can build a four-bedroom, two-bathroom home with a two-car built in garage at that price, the report claims. 
“Or if you prefer some more extras you could buy a three-to-four year old established home with a pool and a shed. Prices are steady and have been for the past few years,” say HTW. 
There have been a couple of sales of triplex properties or four at buildings that have been in the $500,000 to $600,000 range with returns around 6% to 7% for a mid 1990s brick complex. 
“If units are your thing, you could buy two two-bedroom units approximately 10 years old.” 
In short, the Bundaberg region is still a great place to live with great affordability for housing. 
Property Observer found a three-bedroom house at <a href="https://www.realestate.com.au/property-house-qld-bundaberg+central-122819314" target="_blank">1 McIlwraith Street Bundaberg Central Qld 4670</a> that recently sold for $155,000.
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Build a home of your choice for $500,000 in Queensland’s Bundaberg: HTW

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ASX-listed Lantern Hotel Group is set to test Queensland’s regional market, with plans to sell the Central Hotel in Bundaberg as part of its divestment strategy.
The property would be sold via an expressions of interest campaign closing July 14. 
The hotel is on a 1,017 sqm landholding in Bundaberg CBD, and operated under a 3 am liquor licence. The hotel also includes 14 Gaming Machine Authorities.
The move to sell the Central Hotel in Bundaberg was in line with the firm’s strategy to divest non-core assets and focus on its NSW portfolio, said Lantern’s chief executive John Osborne. 
“The Central Hotel has been a passive investment for Lantern and is subsequently superfluous to our current business model,” Osborne said. 
The Central Hotel is being offered as a going concern, including both the business and property components. 
The listing follows a flurry of deal activity by Lantern, with the group recently placing the Cairns Courthouse Hotel on the market, apart from three successful hotel deals over the past nine months. 
CBRE Hotels’ Daniel Dragicevich, Glenn Price and Paul Fraser have been appointed to sell the property.
 
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Lantern to divest from Queensland’s Central Hotel, Bundaberg 

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Bundaberg city in Queensland had improved its position to approaching the bottom of market cycle -- both for houses and units -- from the bottom in April, according to valuation firm Herron Todd White's property clock for May.
HTW's property clock is a simple broad brush means of suggesting where property prices are and which direction they are headed to. The April report also mentioned fringe locations of cities and towns across Australia. Bundaberg was one of them.
The Bundaberg residential market is in a stable period, with quarterly sales volumes remaining relatively consistent since mid-2013.
The median sale price has similarly remained consistent at $269,000, with no change over the past year.
House listings increased over the past year, indicating that vendor confidence in the market is growing.
Bundaberg’s unit and townhouse market remains static with sales activity easing over last year’s September quarter.
Fringe locations, often known as the tree change locations, have experienced even further softening in the market with extended selling periods required to achieve realistic sales. Affordability and larger allotment sizes are the drivers towards these outer areas. These markets historically won’t change in the medium-to-long term until the coastal markets show a more positive outcome. 
Property Observer looked up some recent sales in the greater Bundaberg area around the median sale price of $269,000 on www.realestate.com.au.
1. A three-bedroom house at <a href="https://www.realestate.com.au/property-house-qld-walkervale-121766622" target="_blank">99 Lamb Street Walkervale Qld 4670</a> traded for $265,000.
<img src="/images/2016/05/31/image3.jpg" alt="" width="645" height="484"> 
2. A three-bedroom house at <a href="https://www.realestate.com.au/property-house-qld-kalkie-121594994" target="_blank">4 Swan Drive Kalkie Qld 4670</a> changed hands for $255,000.
 
 <img src="/images/2016/05/31/main.jpg" alt="" width="687" height="515">
 
 
 
 
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Fringes of Queensland's Bundaberg showing softness in property market: HTW

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Valuation firm Herron Todd White suggests investors are attracted to the Wide Bay region due to the affordability of land, houses and units in the area.
Their recent November review notes that interstate investors seem to be attracted to new stock in outer suburbs such as Moore Park Beach and Branyan producing housing around mid to high $300,000 and obtaining rentals of around $340 to $350 per week. 
"However, these houses when offered back to the market for sale to local purchasers are not achieving original construction prices."
Sales volumes have remained steady in 2015 but values have remained static with most activity being in the sub $350,000 range.
Rentals appear to be stable with a standard 3-bedroom timber house in Bundaberg averaging $260 to $290 per week and a 4-bedroom modern brick house averaging $345 to $370 per week.
Vacancy rates are at about 4%.
HTW detect confidence appears to be growing with the current low interest rates, federal government incentives and average vacancy rates encouraging both first home owners and investors to remain in the market during 2015. 
Its prior report noted houses that were previously flooded and now fully renovated were being sold in a strengthening market.
The prior reports also noted unit sales in the Bundaberg town area had been slow. Prices range from $107,000 for a 1-bedroom, 1-bathroom renovated unit from the 1970s to a circa 2005 3-bedroom, 2-bathroom unit with 2-car built-in garage for $300,000.
The main sellers are the 2- and 3-bedroom units that range from low $200,000 to $300,000 for the 3-bedroom units.
The construction of new unit stock was described as sporadic - mainly four pack complexes with some larger ones.
Median rentals range from $225 per week for 2-bedroom units to $280 per week for the larger 3-bedroom units. Yields are around 5% 
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Bundaberg new homes cheaper when sold back to locals by interstate investors: HTW

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A keenly contested bidding process saw two hotel investments owned by Coles in Queensland and Western Australia sell for a total of $13.22 million.
The Old Bundy Tavern in Bundaberg, Queensland, sold for $7.7 million to a  Brisbane-based family. The sale reflected a yield of 8.18 %. 
A Sydney-based doctor was the end buyer of the Victoria Park Hotel in Perth (pictured above) for $5.525 million - equalling a yield of 5.79%. 
CBRE’s Joel Fisher, Glenn Price and Ryan McGinnity, in conjunction with Billy Holderhead of Burgess Rawson handled the sale. 
The Old Bundy Tavern and First Choice Liquor outlet is leased to Liquorland for a 15-year term with five 10-year options. 
The refurbished hotel is on a 3,380 square metre site and includes an 886 square metre freestanding First Choice Liquor store. The hotel includes four bars, a large bistro, gaming lounge with 30 machines, function room and on-site parking for 28 cars. 
The Victoria Park Hotel also has a 15-year lease to Liquorland and features four bars, a function centre, underground cellar, drive-through bottle shop and alfresco area. 
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Coles sells off two hotels for total of $13.22 million

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Queensland's Bundaberg, or Bundy, has had a pretty tough run since the global financial crisis and the 2011 and 2013 floods, and it appears property investors have been pretty wary of the market since these events.
The city, which has made its way onto the Minister for Agriculture, Fisheries and Forestry, John McVeigh's growing drought list last month, is a mixed bag.
PRDnationwide's research department has found that an $80 million investment from the state and federal governments into flood damage repair and prevention has pushed Bundy back into the property investing safe zone, where they note affordable homes are available around the $200,000 price point.
<blockquote>
But despite the temptingly low prices and green shoots of positivity, is it really stabilising and should you be buying there?
</blockquote>
But despite the temptingly low prices and green shoots of positivity, is it really stabilising and should you be buying there?
On the PRDnationwide team, research analyst Harrison Hall said that retail and civic investment was being seen, pointing to longer-term opportunities.
“Growth has been minimal to this stage with median house prices edging up just 2% per annum over the past two years and the level of sales transactions slightly down, but that is expected to change with the population forecast to expand by 20% over the next two decades and plenty of investors and new owner-occupiers looking to capitalise on the current low entry prices," said Harrison.
Meanwhile, their principal of an agency in the area, Ainsley Driver, said that it is the beginning of the brightest year they've had in a while with more stock being shifted, most within the $200,000 to $400,000 bracket.
“A year on from the floods and most property and infrastructure has been repaired,” he said.
But, despite the physical infrastructure being repaired, has the confidence and sentiment in property buyers been repaired?
According to RP Data, <a href="/developments/bundaberg-east-qld-4670">Bundaberg East</a> saw a significant decline over 2012/2013, however has been steadily climbing back up again, while <a href="/developments/bundaberg-north-qld-4670">Bundaberg North</a> is yet to show any signs of an improvement on their downfall.
<a href="/developments/bundaberg-south-qld-4670">Bundaberg South</a> and <a href="/developments/bundaberg-west-qld-4670">Bundaberg West</a>'s medians are holding steady.
In December 2013, a Newsmail investigation found that 18 small businesses had closed or not yet re-opened as a result of the January 2013 floods.
Despite this, there is still hefty interest in the region. The state government recently "called in" a development application for a proposed residential development at Bundaberg's Coral Cove from Austcorp. The development was approved in October 2013 by Bundaberg Regional Council.
Deputy premier Jeff Seeney recently called in the development.
“Austcorp’s proposed development at Coral Cove is in the ‘separation area’ of the existing Boral Quarry and the proposed Holcim Quarry,” Seeney said.
“We want to ensure that any development in this Key Resource Area is compatible with the type of extractive industry already existing or proposed for the area.”
A re-assessment is underway, and Seeney will determine whether the development will go ahead or not, having received a number of submissions. A decision is set to be made at the end of June 2014.
It also appears that real estate agencies are also starting to move more into the area. Raine &amp; Horne <a href="/news/some-of-the-countrys-biggest-real-estate-agencies-are-in-expansion-mode">opened up an office on the Coral Coast, Raine &amp; Horne Bundaberg, late last year</a>.
Let's open it up to Property Observer readers.
{mijopolls 4}
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