A really interesting article by Tim Lawless of CoreLogic regarding interest rates, inflation and demand. In Cooktown we have seen a reduction in general enquiries but sales remain static which indicates that our property market did not quite heat up like properties in the southern metro regions.
Our winter newsletter offers some interesting property offers, and insights to what happening around Cooktown. The property market is performing strongly over the past 6 months due to additional employment opportunities matched with being one of the best regions in Australia to live. This is the Great Barrier Reef & Rainforest Coast!
In today’s times as the world gets smaller, faster, and overcrowded, many often wonder what it would be like to live in paradise away from all the stress. In seeking this outcome in 1988 a family-owned nature retreat was established at the northern end of what was known then as the Great Daintree Rainforest. In those days when Cairns was still small, an adventure further north came with its hardships, namely the tyranny of distance. Over the past 30 years, as the roads improved and services like telephone and electricity became available, the remoteness of such became less and less. Conventional access is now easy and available to all.
Mungumby Lodge established in 1988 has developed over this time an enviable reputation as being one of North Queensland’s more unique lodge experiences. The Wildlife, the ambiance, and the setting became the highlights and supported business growth. There are many lodges throughout Australia yet only a few manage to develop, maintain and grow a reputation that lasts for years into the future. Sir David Attenborough sought out Mungumby Lodge and used the property in 2010 for his well-known documentary “First Life”. Today despite COVID-19 impacts the lodge remains well-positioned within many tour operator catalogues, distribution systems, on the internet, and online booking engines. There is still loads of room to grow and lots of potential nationally and internationally. The vendors post-COVID made major changes to operations and rooms to better accommodate domestic travelers in the temporary absence of international clients. In 2021 tour operator bookings are again growing and referrals remain high. In 2021 as more roads are further improved and tarseal becomes the new norm, a new client is able to easily access Mungumby Lodge as well as get off the beaten track. Not too long ago the journey was reserved for the adventurous few driving 4×4’s, today clients arrive in sports cars, motorbikes, and conventional vehicles.
Cooktown just north of Mungumby Lodge is in positive mode and focused on growth for the future. For the past 20 years, the owners of the lodge have and continue to play an active role in tourism business development for the region. There are a number of projects forecasted and more on the drawing board. The Cooktown waterfront is undergoing a major upgrade and beautification program, private school facilities are now available. A $200million wind farm power plant is soon underway at Lakeland (35 minutes from Mungumby Lodge) in 2021 along with proposed new irrigation dams giving water security to support the new agriculture expansion. Queensland Health will be spending $65 million redeveloping the hospital as the medical hub for Cape York to relieve the conjected Cairns Based Hospital. There are new Maternity and birthing services at Cooktown Hospital in place along with minor surgery, dialysis, and other treatments. Galalar Silica Sand Project north of Cooktown. Due to its location, it is proposed that they operate out of Cooktown, and will employ FIFO along with local workers who will be based on-site transiting from the Cooktown region. The COOK Shire is developing at a sustainable pace and still affords those within the very paradise they came to seek out.
In the past 33 years, Mungumby Lodge has only had two owners. Both have maintained these quality structures and developed the lodge business, reputation, and market position it enjoys today. The property offers good revenues, freehold land, an abundance of fresh gravity feed water a great lifestyle, and a work pace set by you. 95% of the lodge guests are active adventurous types from a broad range of demographics. Due to this, the compatibility of guest and staff is amazing, the team have loads of fun and are reminded every day by the guests that we have something very special.
For the past 15 years, the accommodation business has grown each year. This growth has accelerated over the past 5 years due to access, reputation, and infrastructure until COVID-19. Despite the GFC and COVID-19, the company has managed to reboot whilst maintaining its market position and initiating the next phase of Mungumby Lodge. Room for expansion has been created, additionally the grounds, infrastructure, and facilities are constantly being improved. This business is best suited to an owner-operator or a company seeking to expand into Cape York an area that is the focus of many wishing to escape the confines of the suburbs and regular lockdowns post COVID-19.
The current owners of Mungumby Lodge seek expressions of interest in the lodge property, business, and chattels. Expressions of interest for over $1.500,000.00 are sought and ongoing marketing, distribution, and logistical support is available as part of the package. The owners of the company have diversified their interests and without urgency are preparing to implement their next move. The enthusiasm and desire of this family are to see the lodge expand and grow and the business remains strong. Therefore incoming owners will be supported to ensure the future of the business and property remains secure. Live the dream and own this unique business in the center of paradise, surrounded by other top experience destinations.
The Lakeland Coffee House & Store announce the appointment of Real Estate Downunder to acquire new buyers for this perfect entry-level opportunity business. Ideal for an investor, family operators or couple to take this business to the next level
This centrally located and financially strong performing leasehold business is in Lakeland Tropical Far North Queensland, has a well-established trading history and returns. The business gives you the opportunity to enjoy a sound income, expand it into a supermarket or leave as is whilst living in an enjoyable friendly region!
run by the owners and supported by staff for the past eleven years. With sound
local support the owners have always been community focused. Over this time the
region has and continues to grow at a steady pace. A local village population
of approx. 230 residence (2011 census) plus 200 transient year round workers.
Coffee House & Store makes the perfect entry-level opportunity for family
operators. Not your traditional convenience store, it is so much more! Drop in
and be surprised by the range of gourmet groceries, on-site roasted coffee,
local produce, fill the car with fuel and something to eat for every palette or
the junction of the popular Mulligan Highway and the Cape York Peninsular
Development Road. 242 kilometres NW of Cairns and 81 kilometres SW of Cooktown.
A major food bowl and agriculture hub for Tropical Far North Queensland due to
the lush volcanic soils abundance of irrigation water due to plentiful rainfall
during the summer months. Everyone travelling north or south must go through
region enjoys steady growth in 2020 due to the ever expanding Banana industry,
fruit plantations and newly formed alternative green energy battery stations. The
village is named for William Lakeland one of the early prospectors of the
Palmer River gold fields from the late 1800’s. Today there is a state school
incl. kindergarten, hotel with accommodation, a roadhouse, Lakeland Coffee
House & Store, Road Tek depot, additional to many farms, horticulture
plantations, packing houses and alternative energy plants.