A community fundraising campaign to help secure the future of the Black Wreath music venue in Alice Springs has reached its $1 million target, marking a major milestone for the long-running local music community.

The fundraising campaign began in late August after the venue's landlord announced plans to sell the property in Ciccone, where the Black Wreath has operated for about 15 years.

The campaign was organised with an all-or-nothing target and attracted support from musicians, local residents, businesses and supporters from across Australia. Fundraising activities included live music events, merchandise sales and a major concert held at the Alice Springs venue.

The campaign reached its $1 million goal on Saturday, according to organisers. The achievement means negotiations can now begin with the property's owners over a potential purchase of the site.

Black Wreath co-founder Pirate said the fundraising result represented an important step for the venue and the community that has supported it. The next stage will involve discussions about purchasing the property and determining the additional financial arrangements that may be required.

The organisers have previously said they want the venue to eventually be placed into a trust so it can operate under community ownership. Such an arrangement would aim to provide greater long-term certainty for the venue and the musicians and audiences who use it.

The Black Wreath has been part of Alice Springs' live music scene for many years and has provided a space for performers across different generations and musical styles.

Local businesses also contributed to the campaign. Support included donations and fundraising initiatives connected to the venue's major events. An Alice Springs brewery also produced an exclusive beer for one of the fundraising events.

The campaign culminated in a series of fundraising gigs around Australia, including a sold-out event at the Alice Springs venue. Organisers said the response demonstrated the strength of support for keeping live music infrastructure in the town.

With the immediate fundraising target reached, attention is now turning towards negotiations over the property and the venue's longer-term future.

The Black Wreath is also preparing for future events, including work connected to the next Blacken Open Air festival. Organisers said additional gigs at the venue are also being planned now that there is greater certainty following the successful fundraising campaign.

The campaign's $1 million milestone does not by itself complete the purchase of the property. Further negotiations and financial arrangements will determine the next stage of the venue's future.

For Alice Springs, the campaign represents a significant community effort around one of the town's established live music venues and its role in supporting local performers, audiences and cultural activity.