Tuesday, March 19, 2024

Nelson Yap, Australian Property Journal

146 POSTS

AgTech to cut rural landholders soil carbon measurement cost by up to 90 per cent

Australian owned agricultural technology company Agrimix is set to release a toolkit that will see the cost of soil carbon measurement cut up to 90%.

Publican goes sightseeing in Queanbeyan

A publican involved in the record-breaking acquisition of the Thomas Blamey Hotel in Wagga Wagga has purchased of the Tourist Hotel in Queanbeyan – the town’s first pub sale in a decade ... Blake Edwards and Dan Dragicevich of HTL Property, who managed the off-market sale, said the buyer is an “undisclosed purchaser is a Maitland-based publican, who has recently purchased the Manning River Hotel in Taree and Thomas Blamey Tavern in Wagga Wagga though HTL”.

Foot and mouth outbreak could cost livestock sector $80bn

While the risk remains low, the threat of a widespread outbreak of foot-and-mouth disease (FMD) is hanging over a well-prepared Australian livestock industry ... The Centre of Excellence for Biosecurity Analysis increased its assessment of the probability of such an outbreak in Australia over the next five years, reaching 11.6% in June 2022, a 9% rise on March 2021.

Australia’s very own ‘Schitt’s Creek’ could be yours

An entire town in Victoria’s Gippsland region complete with the local pub is up for sale, with 21 lots across 4.45-hectares in Coopers Creek coming to market. A former mining town, Coopers Creek, sits on the Thomson River in Gippsland, around 130km out from the Melbourne CBD, and at one point had a population of about 250 people.

Queensland govt selling super Longreach campus site

The Queensland government is moving to sell the former Queensland Agriculture Training Colleges (QATC) property at Longreach, which has trained agricultural leaders for more than 50 years. Minister for Agricultural Industry Development and Fisheries and Minister for Rural Communities Mark Furner said the 17, 511ha site would go to market later this year.

High expectations for Tasmanian medicinal cannabis farm

ASX-listed local and international supplier of medicinal cannabis ECS Botanics is offloading its production enterprise in Tasmania’s Northern Midlands ... ECS cultivates and manufactures medicinal cannabis products in both Tasmania and Victoria, and supplies domestic and overseas markets. Last year, it secured a five-year, $4.5 million deal to supply Polish company Alivio Spolka with GMP-manufactured medicinal cannabis, and a one year rolling supply agreement with local company Canngea, after it took over Murray Meds early in the year as part of a $1 million deal.

Zadro family hoping investors will go nuts over macadamia offering

The world’s largest macadamia producers, the Zadro family, have tipped their Gemfields aggregation in Queensland’s Central Highlands to the market, with expectations of $70 million as institutional investors grow their focus on horticulture ventures. At the same time, the Elliot River horticulture portfolio in the Coastal Burnett region has been listed for sale with a circa $30 million price tag, making for $100 million worth of sunshine state horticultural assets available.

Global headwinds put pressure on local agri sector

Many Australian farmers are still battling to get grain crops planted due to wet conditions, while the global wheat outlook price remains elevated and buyers will be hoping prices will ease as the northern hemisphere supply comes to market.

Regional Victoria continues to outperform metro market

Outer Melbourne has joined regional Victoria in seeing record-breaking prices as city slickers opt for tree- and sea-changes in the wake of pandemic lockdowns, according to the Real Estate Institute of Victoria (REIV).

Treasurer raises foreign investment fees

The federal government will add $455 million to its coffers after Treasurer Jim Chalmers moved swiftly to double foreign investment application fees. Labor’s election promise will become reality from this Friday. Foreign purchasers buying a residential property worth $1 million will be slugged an application fee of $13,200, up from $6,600. The same will apply to foreign buyers acquiring agricultural assets worth $2 million, and commercial assets worth $50 million ... “Australia welcomes foreign investment that is in Australia’s interests,” Chalmers said.