Cooktown Real Estate Queensland | Cooktown Commercial Real Estate | Cooktown Residential Real Estate | Cape York Rural Real Estate | Cape York Property | Houses in Cooktown
Cooktown and surrounds property newsletter is out now!
We have just updated our listings and combined them in the above newsletter for some light reading. The last 12 months have been quite busy for our agency as we saw many listings transact, some of which had been with us for over 12 months, others listed then sold shortly after..
It has been rewarding to see how we have fared compared to our competitors and, more importantly, the market in general. Our market share is growing as is our market experience. Our online reviews and feed back on Google or realestate.com.au has been most rewarding and the very things that fuel our enthusiasm.
We now need to gain new listings to complement our current portfolio. Within our newsletter, we have improved space and pages for our Lux collection of listings. These beautiful properties offer vistas of the surrounding landscape with total privacy combined with easy access to all things Cooktown.
Over the past 5 years, our market share of commercial property management has also grown along with our sale portfolio of commercial properties available for sale. Many of these have simply hit the market due to the owners wishing to retire. In all cases, they offer the opportunity for the new owner to not only grow the business, but also expand the offerings.
Please enjoy the read, and do not hesitate to sing out if you have any questions. Likewise don’t forget to tell your friends about Real Estate Downunder.
Our new Autumn 2024 Cooktown region property newsletter highlights several exciting opportunities for prospective homeowners and investors. This season, we’re featuring a range of new properties that cater to diverse tastes and budgets, from cozy residential homes to expansive rural estates.
New Properties on the Market
Charming Family Homes: Ideal for growing families, these properties offer spacious living areas, modern amenities, and close proximity to local schools and parks.
Rural Retreats: Perfect for those seeking a peaceful lifestyle, our rural properties provide vast landscapes, ideal for farming or simply enjoying nature.
Coastal Properties: Located near the beautiful coastline, these homes offer stunning ocean views and easy access to beaches and water activities.
Reasons to Move to Cooktown
Natural Beauty: Cooktown is renowned for its breathtaking landscapes, including the Great Barrier Reef, lush rainforests, and pristine beaches, making it a haven for nature lovers.
Community Spirit: The tight-knit community in Cooktown offers a welcoming atmosphere with numerous local events and festivals that bring residents together.
Historical Significance: Rich in history, Cooktown offers a unique cultural experience, from the legacy of Captain James Cook to the town’s indigenous heritage.
Relaxed Lifestyle: With its laid-back vibe and slower pace of life, Cooktown provides an ideal environment for those looking to escape the hustle and bustle of city living.
Growing Opportunities: As a developing region, Cooktown offers potential for investment and growth, with new infrastructure projects and business opportunities emerging.
For more details on these properties and insights into the Cooktown property market, you can subscribe to our newsletter quarterly updates HERE.
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.
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 proposed new irrigation damnear Lakeland giving water security to support the new agriculture expansion in that area. Queensland Health plan to upgrade 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 $1.650,000.00 are sought and potential 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.