Rare Moreton Island oyster farm with airstrip attracts strong buyer interest
Kooringal Oysters on Moreton Island is attracting strong buyer interest from both domestic and international groups, including oyster farmers, restaurants, entrepreneurs, investors, and tourism operators, as aquaculture operations in the area become increasingly rare within the market.
Comprising 17.17 hectares of leasehold land, a 600-metre airstrip, and nine aquaculture leases totalling around 69.5 hectares, the offering represents one of the largest single holdings on Moreton Island.
“More than 70 enquiries and multiple offers have already been submitted,” selling agent Bart Norris of JLL said.
“As a unique offering – an oyster farm with a landing strip on a remote island – the listing has attracted a diverse domestic and international buyer group including oyster farmers, restaurants, entrepreneurs, investors and tourism operators.”
Positioned on the southern end of Moreton Island, the property combines substantial aquaculture operations, including the production of the popular Sydney rock oyster variety, with a machinery and processing shed included in the sale. Buyers also have the opportunity to significantly expand production with a commercial hatchery, nursery operations and research facilities.
“The predicted income from these activities could reach around $10 million per annum, supported by recent changes in Queensland’s oyster industry which allow the use of modern farming systems such as floating bag infrastructure,” Norris said.
Norris added that Moreton Island’s clean waters and protected marine environment make it particularly well suited to oyster cultivation. Importantly, the site has never been affected by oyster diseases such as QX or experienced closures due to heavy rainfall or water pollution. These are issues that continue to challenge producers in other regions.
Beyond aquaculture, the property’s island location and private landing strip present significant tourism opportunities, particularly given its proximity to Brisbane, roughly 20 kilometres away.
“Moreton Island has become an important recreation area for the highly populated Brisbane region. It is one of the 10 most visited areas managed by QPWS in Queensland, receiving more than 170,000 visitors a year,” added Norris.
It’s well known for its pristine beaches and marine life, with Tangalooma Beach recently named one of the world’s best beaches to experience nature by Lonely Planet.
With Brisbane preparing to host the 2032 Olympic Games, demand for tourism infrastructure and unique visitor experiences across the region is expected to continue rising.
Norris said a new owner could capitalise on this tourism potential by offering oyster-tasting tours departing Brisbane by both plane and boat, alongside potential eco-friendly camping experiences.
Kooringal Oysters is offered for sale by private treaty on a walk-in-walk-out basis and is listed for $3 million (excluding GST).
