Airlie Beach

The hype surrounding the relaunch of several high-profile Queensland islands early next year is expected to underpin the marketing of Long Island, which has a price expectation of about $20 million.

One of Australia’s most picturesque oceanside resorts has floated onto the market, with Airlie Beach’s Coral Sea Resort chasing a new owner.

Half a decade after buying Queensland’s Lindeman Island, the Chinese owners have finally revealed their redevelopment agenda — although the Great Barrier Reef resort is not slated to open for business until late 2021. This article originally appeared on theaustralian.com.au/property.

Who hasn’t dreamt about owning an island resort in the Whitsundays? Or maybe a tropical resort at the gateway to the Great Barrier Reef?

Fund manager Sentinel Property Group has made a dive into the tourism market, acquiring the Port of Airlie Maritime Terminal.