Ski Resort

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EXPERT OBSERVER
With Australians now having to holiday domestically, perhaps a local ski resort chalet might be on the minds of property seekers.
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This property in Thredbo is recently under offer. Picture: realestate.com.au
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Thredbo is currently the most popular ski resort for property seekers in Australia, closely followed by Falls Creek.
There are too few sales to see if COVID-19 has impacted pricing at these resorts but we can see that the most viewed property in Thredbo is <a href="https://www.realestate.com.au/property-alpine-nsw-thredbo-131373914" target="_blank" rel="noopener noreferrer">3/8 Cascades Close</a><a href="https://www.realestate.com.au/property-alpine-nsw-thredbo-131373914"></a>.
It features iconic chalet wooden panelling appropriate for an Alpine getaway and is all yours for $790,000.
<img src="https://www.urban.com.au/images/2020/7/5/REA%20ski%20resort.JPG" alt="">
NERIDA CONISBEE is the Chief Economist at the REA
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Thredbo the most popular ski resort for property seekers: REA's Nerida Conisbee

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Vail Resorts, which already owns Perisher in NSW, is planning to buy Victoria's Mount Hotham (top) and Falls Creek (below) ski resorts.
The acquisition is estimated to be for about $120 million.
It is being sold by the British-listed Merlin Entertainments, according to a Nine Entertainment report.
Merlin Entertainments, the world's second-biggest visitor attractions group behind Walt Disney, took over the failing Living and Leisure Australia (LLA) Group’s interests including the Melbourne Aquarium, Underwater World Mooloolaba, the Victorian ski resorts of Hotham and Falls Creek, in 2012.
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It was 2015 when the US-based Vail Resorts bought James Packer's Perisher ski resort for $176.6 million.
The deal includes Perisher Valley, Smiggin Holes, Blue Cow and Guthega resorts on a lease until 2048 with a 20-year option.
Kerry Packer bought the Perisher ski fields in 1972 with the takeover of Murray Magazines.
The mooted acquisitions of the Victorian resorts comes days after Vail's financial update that its fiscal 2019 first quarter net loss included the $1 million of headwind from currency translation related to operations at Perisher.
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Falls Creek and Mount Hotham to be sold to Vail Resorts

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There's whispers of a $6 million sale off the plan at Mt Buller's Kooroora redevelopment, which snares the Australian snow record away from Thredbo.
The Thredbo record dates back pre-global financial crisis to 2005 when entrepreneur Andrew Roberts paid $3.5 million for the five bedroom chalet, Tussock which was bought from the Melbourne architect Andrew Norbury and his wife Jane Parker, one of the founders of fashion label Country Road.
Norbury had designed the home on Crackenback Ridge, one of Thredbo's highest building blocks.
Set in the heart of the village square, Kooroora is a collection of 21 residences. Five are left in the four storey $35 million Grollo Group project through John Castran.
The site is rich in history having been established in 1953 by brothers Ernest and Aurel Forras in 1953. Their mother and sister came out from Hungry to assist; cooking and serving in the chalet’s dinning room. It burnt down in 1961 and was rebuilt and re-opened for the 1962 winter. 
Kooroora provided the first post war high-end commercial accommodation on the mountain. 
Property mogul Rino Grollo sold his 300 sqm Howqua suite penthouse in the Mount Buller Chalet in 2015 to the Autobarn founder, Garry Dumbrell for $1.7 million.
This article was first published in The Weekend Australian.
 
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