A new index tracks population growth in Australia’s regions. The Regional Movers Index from the Regional Australia Institute (RAI) shows that the number of people shifting from state capitals to the regions is at its highest since 2018.
Agribusiness Elders, reporting a strong lift in sales and profit for the half year to March, is upbeat on the rest of the year with improved winter cropping conditions and good cattle prices. Sales at Elders were up 22% to $1.1 billion and statutory profit was 31% higher at $68.2 million.
GrainCorp, releasing its half year results, sees high global demand for Australian grain and oilseeds. In the six months to the end of March, underlying EBITDA from continuing operations was $140 million, up from $105 million.
Regional housing markets, which increased in value more than capital cities during 2020, will have different recovery needs in the wake of the pandemic, according to research by AHURI (Australian Housing and Urban Research Institute). The report, Pathways to regional housing recovery from COVID-19, conducted by researchers from the University of Tasmania, examines the consequences of COVID-19 for households in regional Australia.
Australia’s wheat crop is estimated to have surged by 119.8% to a record 33.34 million tonnes in 2020/21, according to ABARES (Australian Bureau of Agricultural and Resource Economics and Sciences). ABARES has raised its estimate of national production of winter crops by 7.4% to 55.2 million tonnes in 2020/21.
Independent news from across rural and regional Australia.
Launched on 26 January 2021, Australian Rural & Regional News is a platform for independent news and stories written by, for, and about people living outside Australia’s capital cities. Independent news publishers and AR&R’s own contributors share selected content.