19 January 2026

Lenders take possession of Big Splash land

| By Ian Bushnell
Join the conversation
10
Big Splash Waterpark

Big Splash Waterpark in November 2025. Photo: James Coleman.

Plans for any redevelopment of the Big Splash Waterpark in Macquarie are up in the air after the mortgagee took possession of the property.

A Notice of Possession was posted on the Big Splash fence this morning, saying that the lenders – a number of superannuation funds and family trusts – had taken possession of 2 Catchpole Street, Macquarie, from the owner, Translink Property Management Pty Ltd.

Sydney firm Kingston and Partners is handling the matter.

Translink, owned by Songnan (Morris) Huang, paid $7.5 million for the site in 2021, but it failed to reopen in November 2024 for the summer season due to the need for major upgrade works.

It has never reopened, and the site slid into neglect and vandalism, sparking a community campaign to save the facility.

The owner cited “significant vandalism” and the “escalating cost of repairing aging infrastructure” as reasons that reopening the waterpark was “prohibitive.”

READ ALSO CPG drops apartments, hotel from final London Central building

Translink, or at least a spokesperson for the company, kept suggesting on social media that Big Splash would eventually reopen, even hiring local urban planning consultancy Purdon to engage with government and the community on proposals to redevelop the site, including some kind of water facility.

Purdon said in November that Translink wanted it to “develop a proposal that meets current zoning requirements, is financially sustainable, and retains recreational uses”.

“Plans under consideration include a 25-metre indoor/outdoor pool and outdoor splash park, ensuring water-based fun remains part of the site’s future … There are no plans to rezone the site,” it said.

The site is zoned PRZ2 Restricted Access Recreation.

Want to know the latest? Big Splash repossession: Government urged to step in as lease deadline looms.

Free Daily Digest

Want the best Canberra news delivered daily? We package the most-read Canberra stories and send them to your inbox. Sign-up now for trusted local news that will never be behind a paywall.
Loading
By submitting your email address you are agreeing to Region Group's terms and conditions and privacy policy.

Join the conversation

10
All Comments
  • All Comments
  • Website Comments
LatestOldest
Capital Retro7:42 pm 19 Jan 26

Probably just a liquidity problem.

Crime n Punishment4:02 pm 19 Jan 26

Geo says high rise makes great returns. Gov says private developers have a role to play.

High rises are on their way.

Is it true that the lease for the CISAC site only required a public pool to be there for 25 years, after which they could build apartments on the site?

Looks like the property will be on the market again. This time the government needs to ensure the pool is brought back into operation. No trade off for massive apartments in return for a paddling pool!

I’m sure Mr Barr and Mr Steel are working up a quick Territory Plan amendment so that the site can be promptly sold on to GhettoCon to knock up some more of their vertical slums.

Heywood Smith1:10 pm 19 Jan 26

Guess ill just spend more time at the nudist section at Kambah Pool.

Capital Retro6:04 pm 19 Jan 26

I never hang out there.

I’m not optimistic. There’s a regular occurrence of anything cool, fun or alternative in Canberra closing down. Predictably, overpriced apartments will be built instead. Best case scenario, an indoor/outdoor pool may be built but I doubt there’ll be anything exciting such as a waterslide.

Capital Retro12:59 pm 19 Jan 26

Many businesses are finding it is too difficult to deal with the ACT Government and the raft of fees and new regulations that are introduced so they simply move on.

Many Canberra residents find it impossible to deal with the ACT government as all involved just ignore them, including both politicians and public servants. Time to wake them up to who pays their salaries and ditch them if they still fail to listen and act accordingly.

Daily Digest

Want the best Canberra news delivered daily? Every day we package the most popular Region Canberra stories and send them straight to your inbox. Sign-up now for trusted local news that will never be behind a paywall.

By submitting your email address you are agreeing to Region Group's terms and conditions and privacy policy.