Property

Houses in Woodburn are selling for 30% less since the floods. Flood damaged homes are on the market but most listings don’t show the asking price ... It is a sensitive time with some residents deciding to sell and leave the area. Some simply can’t face another flood.

Cook Shire Council briefed leaders on a move by Australia Zoo and Terri Irwin to seek the closure of the gazetted Bertiehaugh Road which traverses through part of the Steve Irwin Wildlife Reserve ... The council representatives had a busy agenda in Cooktown. Mayor Peter Scott said the TCICA gatherings were a highlight on the calendar.

There were 120 applicants for the eight new affordable housing units in Casino. Eight people now have a home to call their own. Momentum Collective with support from the State Government opened the $2 million affordable housing building in South Casino on May 6.

Koalas, long-nosed potoroos and powerful owls are among more than 20 threatened species to benefit from three additions to the NSW national parks estate. Minister for Environment James Griffin said more than 2,000 hectares has been acquired in three locations – in Monaro, near Yamba, and north of Taree ... ARR.News asked some questions of the Minister and received a response from a departmental spokesperson.

A world where down is up and debt is just a state of mind.

A Bonnie Doon large-scale grazing property has hit the market, offering potential buyers various potential outcomes at the Gateway to Victoria’s High Country.

The federal government will help new farmers looking to purchase or establish their own farm by guaranteeing 40% of their commercial loan, as rising land values and access to capital become the main barrier to ownership. Minister for Agriculture David Littleproud unveiled the new pilot and will trial an 18-month $75 million Future Farmer Guarantee Scheme by securing an eligible new farmer’s commercial loan up to a maximum value of $1 million. The scheme is expected to open 1 January 2023.

“National parks should not be purchased unless there are funds to fully fence and maintain the park. They are the worst neighbours one could wish for with little to no weed control, no fences, nobody living on the property, little fire-fighting capability, and a propensity to shoot cattle" : Sally Witherspoon, Cape York cattle farmer.

In the UK, Pitchup.com supported a successful campaign to extend permitted development rights allowing change of use of land for camping. This small change to planning rules facilitated the opening of 1,000 pop-up campsites across the country over the summer season, primarily at farms, and helped over 300,000 holidaymakers book a much-needed break in the outdoors.

“It gives me great pleasure to acknowledge the Wakka Wakka People as the traditional, and now, legally recognised native titleholders of approximately 9,393 square kilometres of land covered by this determination”: South Burnett Regional Council Mayor Brett Otto.

The Imperial Hotel in Singleton has sold to a private hotel investor for circa $18.5 million, as market demand for regional NSW pubs pushes on. Sitting around 70km out from Newcastle, in the Upper Hunter region of NSW, the large format Imperial Hotel occupies a ~3,00sqm land parcel, boasts a 31m Hotel Licence, 23 GMES and brings in an average weekly revenue of $105,000.

Australia's largest irrigated cotton property, Cubbie Station, is back in local hands after Chinese textile giant Shandong Ruyi sold its remaining stake to co-owner Macquarie Asset Management. Cubbie Station is responsible for around 10% of the country’s cotton output and is now entirely held by the Sydney-based company.

The Laundy Hotel Group has acquired the Mercure Centro Hotel in Port Macquarie as tourism makes a comeback ... “Whilst not housed in the same equity structure as our other beachside accommodation assets in Noosa, Manly and Terrigal; this coastal property intersects perfectly with our national investment objectives, and adds deftly to the growing portfolio,” said new owner, publican Stu Laundy.

More than $400 million is expected for the Worral Creek Aggregation in Queensland, which is tipped to account for over 10% of this year’s Australian cotton crop. The Reardon family is bringing the 26,855 hectare aggregation in the Border Rivers region to the market as record crops and commodity prices attract more investors into the agricultural sector.

Houses identified as being at risk in the Kyogle Flood Study are purchased at market value in a voluntary House Buy Back Scheme. Kyogle Council contacts all identified property owners each year and asks them if they would be interested in selling their properties. Only identified properties are eligible for the grant.

More than $10 million is expected for the large-scale Merriwa Pastoral Company cropping portfolio in Victoria’s Mallee region, at a time of strong seasonal conditions and commodity prices.