Australia’s regional motel industry is riding the domestic tourism wave – when border openings permit – with growing investor demand pushing asset prices up 20 per cent or more over the past two years.
Yields have fallen by a similar amount but are still fat compared with other commercial property investments at about 10 per cent for a quality asset, attracting an unprecedented level of corporate interest.
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Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments. Email Martin at martinkelly@afr.com