The Office of Liquor and Gaming Regulation has recently open the tender for the latest round of gaming authorities (last tender and value in brackets), being:
- 88 South East ($187,954 South East - tender #40)
- 27 Coastal ($48,400 - tender #40)
- 24 Western ($36,737 - tender #40)
Supply in the South East Region has dramatically increased from the 15 last tender and one has to go back to 2013 since we have seen supply at this sort of volume. Will be interesting to see what effect this increased supply has on price but would expect a softening market and potentially a good time for greenfield sites to purchase. Increased supply in the Coastal Region, after a pool that did not clear in November, should see prices soften further. Similar supply in the Western Region as the last tender will see prices soften as well, albeit surprising demand in the last tender.
If you intend to bid in the Pub Tender, please ensure you have lodged your completed form (along with the lodgement fee of $55) in the tender box with the Public Trust Office, Ground Floor, 444 Queen Street, Brisbane prior to 5pm Wednesday 3 April 2019. Click here for submission details.