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Council contemplates future for Emerald Ag College site
The future of the former Emerald Agricultural College site could be secured in early 2022, with Central Highlands Regional Council confirming its interest in acquiring part of the land. In a general council meeting in October, councillors voted to provide formal advice to the Department of Agriculture and Fisheries (DAF) about council’s desire to purchase approximately 350 hectares of the site, located on the Capricorn Highway.
Eaglehawk Motel has sold
Christopher Creek and Deborah Benson have have owned and run the Eaglehawk Motel since January 2013. They have now secured a buyer for the motel after having it on the market for the past three to four years ... Chris is excited to settle down in Maldon and is hoping to spend his time completing a revised edition of Rich Vein, to try and include more of the First Nations’ account.
Property in hot demand as development stalls
Patricia Gill. A shortage of residential housing has led to ï¬erce competition for Denmark properties which are being sold above the listed prices. This coincides with housing development stalling due to the cost of headworks and the reluctance of banks to lend for what they deem as risky projects despite low interest rates ... Country Property Brokers principal Joss Harman said the current market was cyclical and likened it to 2006.
Timaru breeding station sells for $5m
Vendors of North Queensland’s Timaru have netted the $5 million asking price for the 16,596-hectare breeding operation. A producer from Springsure, in the state’s Central Highlands, bought the property, with the sale including 740 crossbred cows, 350 calves, 30 bulls, up to 50 heifers, and some plant.
Gladstone site to make way for $300m industrial plant
Alpha HPA has purchased a 9.2-hectare site in Gladstone, Queensland to develop a $300 million high purity alumina industrial plant. Alpha HPA has now received approval from the government for the first two stages of its Gladstone hub, which will be built in tandem, bringing jobs to Queensland not only in the delivery stage but once the hub is fully operational.
Cattle family rope in Bandana Station
Owners of the Bunderra Cattle Co brand, the Pickersgill family, have reportedly spent more than $30 million acquiring Bandana Station, in the foothills of the Carnarvon Ranges. The Central Highlands family already owns a portfolio of nine cattle properties around Rolleston, Bauhinia Downs, Alpha and the Northern Territory.
Twiggy Forrest becomes a ratepayer after $42m buy
Mining and cattle magnate Andrew “Twiggy” Forrest has become one of Cook Shire’s biggest ratepayers after he paid $42 million for Lizard Island. Mr Forrest and his wife Nicola’s private investment company Tattarang splashed $42 million for the Great Barrier Reef resort ... Tattarang declined to comment on the Lizard Island deal, but the vendor, Hong Kong Stock Exchange-listed SEA Group, announced the deal in an investor statement.
Father and son splash big money for Central Coast pub
Prominent publican Arthur Laundy and his son Stuart have paid $38 million for the large-scale Bayview Hotel on the Brisbane Waters harbourfront on the Central Coast, marking their first acquisition together.
Investors continue regional pub crawl
The freehold interest in the Barham Hotel in regional New South Wales has sold off-market, as the country's pub market refuses to fall out of investor favour.
Everybody needs good neighbours
A productive broadacre cropping and sheep property known as Dixons in the West Wimmera Shire has sold to a neighbour for $3.6 million, of $4,391 an acre.
Every man and his dog sells
The freehold and business of Every Man and His Dog Vineyard in the Tasmania tourist hot spot of Richmond, outside of Hobart, has been sold.
Stokes sells Flinders Ranges after 114 years
Parts of a tightly held grazing country in the Flinders Ranges have been sold for the first time in 114 years.
New registration laws for short-term rental accommodation in NSW
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.
Fire bug runs riot
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.
Local family buys Quindialla property
A local farming family has acquired the productive mixed farming enterprise Donadabu in south western New South Wales’ Bland district for $4,365,000, ending 63 years of ownership within the vendors’ family.
Property market still surging
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.
Fruitshack ripe after three decades
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.
Mornington Peninsula offering set to attract strong interest
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.
Western district grazing property sets new record
Cropping and grazing property Rossbridge has set a record for the Lake Bolac area in Victoria’s western district, selling under the hammer for $13,500 per acre - setting a new record for the district.
Cedar Creek sold under the hammer
A Queensland producer with relocation plans has bought the 5,106 hectare Cedar Creek holding in central Queensland for $23.36 million at auction.
Primewest bags regional WA shopping centre
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.
Central Tablelands serves up
Historic Central Tablelands mixed farming enterprise Catombal Aggregation has been sold for more than $25 million to a family operation from southern New South Wales. The five adjoining properties span 2,912 hectares, 39 kilometres from Molong and 75 kilometres north west of Orange, located in the highly regarded, reliable rainfall district of Cumnock and enjoying a temperate climate between 500 and 700 metres above sea level.
