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Councils take housing issue to Canberra
Eliza Berlage. Leaders from some Limestone Coast councils say they have come away “feeling positive” after a recent meeting with the Federal Government Housing Minister ... Said Tatiara District Council CEO Anne Champness, “The minister was well informed about our housing challenges and we discussed the contributing factors and possible responses. From our perspective, responses could include changes to the National Housing Infrastructure Facility (NHIF) which would make it more accessible to small/regional councils or help close the ï¬nance gap for private developers committing to the development of affordable rental accommodation ... "
Land handed back to traditional owners
Lismore City Councillors last night voted to return 37 hectares of Council-owned land on the North Lismore Plateau to its traditional owners, the Widjabul Wiabal people.
Could the state buy Bramwell Station?
Wendy Kozicka believes the state government could buy Cape York’s most northern cattle station for conservation. The owner of Bramwell Station said it wouldn’t surprise her if the Queensland government made an offer to buy the property before it goes up for auction on August 11.
Primewest shows confidence in Ag sector
Shortly after its recent merger with Centuria Capital Group and the sale of the Vitalharvest Freehold Trust, Primewest has launched a new wholesale unlisted agricultural fund that will be seeded with a $53.9 million almond farm in the Riverina region, offered as part of the Western Rosella farming portfolio.
Acton family offloads Croydon Station in mega $80m deal
One of the sunshine state’s largest agribusiness properties, Croydon Station, spanning nearly 60,000 hectares, has been sold for a speculated figure of around $80 million in the sector’s latest blockbuster deal ... “We fielded around 40 enquiries from buyers, which resulted in 10 inspections and seven tenders, which is very significant in this price bracket,” Pat O’Driscoll said.
Good season for agri sector poised to continue
Australian agriculture is set to become a $100 billion industry by 2030, though positive conditions will need to be backed up by increased investments. According to NAB and Agrifutures Final Report on the capital needs of the industry, the $63.3 billion agribusiness sector is on track to meet the $100 billion target set by the National Farmers’ Federation.
Rising prices boost farmers’ confidence
Local commodities prices have continued to show gains despite some global measures softening, while the beef market can expect further record prices, according to Rabobank. The outlook will provide more confidence for farmers, after its recent quarterly survey showed 2021 is shaping up to be an “instrumental” year in the long-term prosperity of the Australian farming sector, with almost 90% of farmers expecting the strong business conditions to either continue or improve over the year ahead.
Chinese billionaire offers up Emu Downs
Chinese billionaire Xingfa Ma’s Tianma Bearing Group (TBG) has listed the modern feedlot and grazing property Emu Downs for lease, while it continues to shop around Balfour Downs and Wandanya stations in the Pilbara region.
The pub with no hope means town with no hub
We've sung about the pub with no beer. Tabulam now has the pub with no publican. George and Alison Martin ran the Tabulam Hotel for decades and George, now 78, had talked about retiring for years ... The person who bought the pub has on-sold the entitlements. This includes the six poker machines.
Canadians and Singaporeans target resilient agri sector
A record $8.3 billion in agricultural assets and agribusinesses were purchased by foreign investors during 2019/20, as the sector remained stable heading into the pandemic. The Foreign Investment Review Board approved 174 agriculture, although this was the lowest number recorded in the sector over the past four years, the value was the highest recorded.
Brisbane investor snaps up prized Wagyu station
South East Queensland’s Shamrock Vale Station and its world-class Wagyu operation has been sold to a Brisbane-based buyer for $27 million. Spanning 1,857 hectares in the Kerry Valley area of south east Queensland’s Scenic Rim on the Albert River, the property has fertile alluvial cultivated river flats running to undulating ridges and gullies, with plateaus of sheltered grazing.
American investor hoping for meaty return from Qld aggregation
New York-based investment firm The Rohatyn Group is hoping for more than $55 million from the sale of the 28,000-hectare Kaiuroo Aggregation in Central Queensland’s Mackenzie River district.
Costa forks out $231m for citrus farms
“There are a number of strategic benefits and alignments that will result from what is a financially compelling acquisition, which include greater export supply to key Asian export markets, production scale, increased variety offering, including rights to commercialise varieties with plant breeder rights in certain jurisdictions, access to a proven 30-year proprietary breeding program, expanded geographic footprint and extended season timing,” Sean Hallahan, Costa Group CEO said.
Miranda Downs sells for a record $180m
Peter and Jane Hughes have splashed out a figure believed to be north of $180 million to buy the 438,000-hectare Miranda Downs in Queensland’s Gulf of Carpentaria, setting a new record for a single pastoral holding as the agricultural sector sees a wave of investment demand amid strong trading conditions.
Peter Downie buys Tassie farm in landmark deal
Renowned sixth generation cattle and sheep farmer, and wind farm developer Peter Downie has quietly bought one of the Apple Isle’s historic farms in the largest single asset transaction in Tasmania in recent memory. Industry sources told Australian Property Journal, that Downie has acquired Stonehouse Grazing in Lemont, from farmer Tony Seymour for $46 million.
Farmland returns defy COVID and trade tensions
“Australian agriculture has continued to perform relatively well despite the ongoing disruption of the pandemic, the higher Australian dollar and the trade issues with China. This is reflected in the ongoing uplift in annualised farmland values, as the demand for agricultural property remains high," says Tim Sheridan, Rural Funds Management.
South Korean divests Warragundi aggregation after two years
South Korean conglomerate Hanwha Group has quickly exited of the Warragundi aggregation in the NSW Mudgee region, selling the 5,800 hectare property for $25 million just two years after its acquisition.
Saffin condemns ‘gifting’ of power poles by stealth
Lismore MP Janelle Saffin has called on NSW Deputy Premier John Barilaro, who leads the Nationals in Government, to reverse the NSW Government's policy of 'gifting' private power poles to farmers and rural landholders. Ms Saffin has moved a motion in Parliament condemning the policy where the corporatised Essential Energy shifts the legal and cost burden of fixing faulty private poles and overhead lines to thousands of country people across NSW.
Williams acquires 718ha Sorell Creek
Agribusiness identity David Williams has added to his rural portfolio with the $3 million acquisition of Sorell Creek, spanning 718 hectares on the Derwent River north of Hobart. About 19 kilometres from the capital, the property reportedly may be used by Williams for sheep or salmon farming, and as a future land bank play. It previously held a permit for a 43 lot subdivision. About 241 hectares is zoned for rural living.
NT pastoralists offload central Australian farm
Northern Territory pastoralists Roy and Janet Chisholm have sold a central Australian farm for $6.1 million to Caason Group. The 1,047-hectare Oolloo Farm, which produces irrigated hay, sits 200kms north of Alice Springs and included a 1,000-megalitre per year water extraction licence, as well as six centre pivots.
Catholic Church, graves, bad government, and possibly no redemption!
Readers may have noticed stories concerning Minister Pavey handing the operation of graveyards to the NSW Public Service ... The Jewish faith and the Islamic faith are supporting the Roman Catholic Church which is in Court with the Government. The People of the Book have united in the issue of looking after the dead.
Consolidation of Crown cemetery operators
The NSW Government will merge the five existing Crown cemetery operators in metropolitan Sydney into one, after a statutory review found a danger of financial collapse ... Minister for Water, Property and Housing Melinda Pavey, said the formation of a single entity for Crown cemeteries, known as ‘OneCrown’, is a key recommendation from the independent Statutory Review of the Cemeteries and Crematoria Act 2013.
