Official updates from the first mortgagee
We’re the lender to Big Splash — not its owner. And we paid to make the site safe.
Latest update · 8 July 2026
An open letter regarding Big Splash
Read it →Aerial photo of the Big Splash site, Macquarie.
All updates →The key facts
We are the lender — not the owner or operator
Like a bank that lends against a home, we provided finance to the site's owner with the property as security. We have never owned or operated the water park. We took possession only after the borrower defaulted — and by then the park was already closed.
We funded the safety works ourselves — close to $400,000
When we took possession, people were entering the site with a real risk of serious injury. So — small as we are — we found close to $400,000 of our own money to make it safe: fencing, rubbish removal, pumping the main pool and cleaning. This was not paid by the government or the previous owner.
Now listed for sale as is — not being demolished
The site is now listed for sale as is, with listings live on all major property portals. The slides and existing buildings will not be demolished. There are no redevelopment plans associated with the site or its sale.
Existing lease applies to any purchaser
The current lease obligations will apply to any purchaser.
Where things are up to
Site fencing and general clean-up · Complete
We funded and carried out this work ourselves — close to $400,000 covering fencing, rubbish removal, pumping the main pool, cleaning and professional fees. Completed June 2026.
Sale process · Underway
The site is now listed for sale, with listings live on all major property portals. The sale is handled by the appointed selling agent (Colliers).