SYDNEY—A small, picturesque Australian village has been listed for sale, attracting interest from China and Singapore, with its new buyer set to own dozens of homes, a lake full of fish and 35 Highland cattle.
Property agents said they hoped the 145-hectare (358.3-acre) Tarraleah village in the heart of Tasmania state would fetch up to A$13 million ($10 million).
“I’ve never sold a town before,” said property agent John Blacklow, who has been selling hotels for more than three decades.
Since the village was placed on the market late last week, it has attracted prospective buyers—individuals as well as companies—from Australia, China, Hong Kong and Singapore, Blacklow said.
Tourism-focused site
The village in the Central Highlands was originally built in the 1920s and 1930s to support 2,000 hydroelectric workers, but as the dams and power stations servicing southern Tasmania became automated, staff were no longer required.
Property developer Julian Homer eventually bought the entire village, which had become run down, and started restoring the art-deco buildings to turn it into a tourism-focused site.
“He’s finally finished his program of renovation, which took him 13 years, so the whole of the town—all the 33 buildings and infrastructure—have been done up to a very high-class standard,” Blacklow said. “Now it’s ready for an operator to actually take over and continue its operations as a tourism village for accommodation, mainly,” he added.
According to real estate agents, Tarraleah brings in an annual revenue of A$2.1 million but currently has no permanent residents, only tourism-related staff.
Visitors can fish for trout and salmon at a lake, go bushwalking, play golf, have a drink at a bar and stay in cottages—while enjoying the company of ducks, geese and native animals such as kangaroos, wallabies and Tasmanian devils.
Thriving
Former resident Ingrid Mitchell, who lived in the village in the 1960s when her father worked at the station, said she was “very sad” to hear Tarraleah was for sale and wanted it to remain in local hands.
“It was a thriving community; we had a normal butcher, shopping center, the school was always busy, the post office, the swimming pool,” she told the Australian Broadcasting Corp. “We used to have a Christmas party at the hall every year—great times,” Mitchell added.
The sale of residential property and farmland to foreigners, including Australia’s largest trading partner China, is a sensitive issue here, with Canberra knocking back some sales on national interest grounds. TVJ
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