Property

From 1 November 2021, owners of short-term rental accommodation (STRA) will be required to register their properties with the NSW Government and will no longer require Council planning approval.

More than 100,000 acres of pastoral land in Cape York has been lit up by a fire bug on the Peninsula Developmental Road ... “The cost is astronomical. Not only do the domestic herd of cattle now need to be fed, but we’ve lost carbon credits and been pulled away from our regular work looking after the environment. There's also a massive psychological cost when it comes to fighting fires": Sally Gray, Piccaninny Plains.

Nicholas Rupolo. There are no signs the Riverina property market is set to cool down as demand for new homes and low interest rates keep city buyers in the hunt for a switch to the country ... Median house prices in Coolamon and Narrandera have increased around 20 per cent and 17 per cent respectively this year.

Entering the market after almost 30 years, an expansive citrus farm and vineyard in the New South Wales Riverina region is ripe for picking, in the country’s largest citrus-growing and NSW’s largest wine producing region.

Two landholdings in the Mornington Peninsula’s Boneo are anticipated to whip up a competitive sales campaign with all kinds of buyers expected to be drawn to the offerings. The premium landholdings at 410-430 Jetty Road and 107 Grasslands Road when combined span around 84-hectares, making the properties amongst the largest holdings to be listed in Victoria’s Mornington Peninsula in years.

Primewest has snapped up the Northgate Geraldton Shopping Centre in Western Australia for $71.2 million, forming a new single-asset, unlisted wholesale property fund. The Centuria Capital Group subsidiary secured the asset, which is the dominant shopping centre in the area, with 15,758sqm of GLA within the 336,845sqm site.

Emma Pritchard. The Church of the Holy Apostles in Copmanhurst is widely admired and loved by many, having served the Copmanhurst community and surrounding districts for more than a century. Strong family connections and lifelong memories have been formed, along with an intense interest in its history and preservation. And it has also generated plenty of interest in the property market.

The McKenna family behind Midfield Meat Group has acquired the Wanderribby feedlot and grazing and farming property in South Australia, four years after the vendors initially put the asset to the market with hopes of as much as $10 million. South Australia’s third-largest feedlot, the 2,311-hectare Wanderribby has been used as a custom feedyard, feeding for three main clients, including at times Coles and Woolworths supermarket contracts, and the yard utilised in the past as a live export depot.

A large dryland cropping farm on Eyre Peninsula in South Australia has entered the market after being held by one family for four generations. Telusa, the 988-hectare property, is located in the Cleve Hills, 21km north of Cleve and 164km north east of Port Lincoln and has been in the current owners family since the early 1900s.

Australian agricultural land prices are set to continue to climb for at least the next five years – with the sharpest growth to 2023 – Rabobank says in its newly-released annual Agricultural Land Price Outlook.

Continued thirst for pubs, particularly in regional Australia where demand has increased by 135%, has pushed yields down further, according to Real Capital Analytics. Benjamin Martin-Henry, RCA’s head of analytics, pacific said despite rolling lockdowns across much of Australia over the last 18 months, property investors have shown a remarkable interest in acquiring pubs, with transaction volume on course to eclipse previous highs.

The world-famous Daintree National Park has been handed back to the Eastern Kuku Yalanji people, part of 160,000 hectares of land in Cape York that is again in the hands of traditional owners following an agreement with the Queensland government. The planet’s oldest rainforest joins Uluru and Kakadu as UNESCO world heritage sites under management of First Nations people.

Hume Coal has moving to quickly sell what is the largest landholding in the South Highlands region after its plans for a $533 million coal mine were knocked back by the Independent Planning Commission (IPC). The Australian subsidiary of Korean steel giant POSCO is hoping for over $60 million for the 1,308-hectare landholding, seven kilometres from the town of Moss Vale.

Historic grazing properties in South Australia’s Barossa have sold for around $15 million to producers outside of the region looking to expand. The properties included the 2,549 hectare Red Creek property at Keyneton, and the adjoining Karinya Station at Moculta, spanning 2,047 hectares.