Builder-developer ALAND has drawn back the curtain on its first city-focused new apartment development.

The North Sydney development, <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-173-179-walker-street-north-sydney-nsw-2060">The Walden</a>, is the first time the company has ventured this close to the city, having previously completed thousands of apartments predominantly in Sydney's west, and more recently in Gosford.

<a href="https://www.apartments.com.au/developers/aland">ALAND</a> acquired the prime North Sydney site, spanning Walker and Hampden Streets just down the road from the Victoria Cross Metro station, for $240 million in June.

Now they've unveiled the new project, a mix of one-, two-, three- and four-bedroom apartments across a 30-level building designed by Rothelowman.

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The Walden will capitalise on the site’s front-row position on the eastern fringe of the <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> CBD, which offers uninterrupted Sydney Harbour views stretching from the Sydney Harbour Bridge all the way to Sydney Heads.

The main tower will be flanked by a small four-level amenity building known as The Pavilion, offering exclusive resident-only amenities including a dedicated concierge service, a sauna and private wellness studio, a gymnasium and fitness studio, a resort-style rooftop pool and sundeck.

There will also be a&nbsp;residents’ lounge, private dining and a wine cellar, and co-working facilities with an on-site meeting room and boardroom.

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ALAND Founder Andrew Hrsto said the company knew they could create something "iconic" with The Walden when they saw the site.

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“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic – being the last development with a view offering this exceptional.

“We identified the attributes and quality of the site as being perfectly aligned for ALAND – and we feel that this off-market acquisition is a perfect opportunity to showcase our craftmanship and expertise through a truly unique offering."

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Hrsto pointed to ALAND’s longstanding development expertise as a significant benefit in delivering a positive outcome for The Walden.

“Being a fully integrated development and construction business with a highly experienced team, we have the benefit of in-house experts across the development spectrum, from acquisitions, design, planning, and construction, to sales, marketing, property management, through to building management.

“As one of Australia’s largest private development and construction groups, we’ve been in operation for 23 years, with a Gold Star iCIRT rating and a 100 per cent delivery success rate across numerous masterplanned and mixed-use projects – and we’re very much looking forward to bringing this expertise to The Walden and contributing to the ongoing revitalisation of North Sydney."

The Walden is the latest development in Sydney to have the 10-year Latent Defects Insurance policy by Resilience Insurance, protecting buyers from any structural or waterproofing-related issues for 10 years post-completion.&nbsp;

Demolition of existing structures on The Walden site has already commenced through specialist civil contractor Moits, with the aim of completing preparatory ground works by the end of 2025, ahead of construction commencement in early 2026.

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Joel Robinson

ALAND unveils The Walden, North Sydney's latest luxury apartment development

<a href="https://www.apartments.com.au/developers/toga-group">TOGA</a> has opened sales for the final building in Macquarie Rise, its latest mixed-use development in Macquarie Park.

Since launching its <a href="https://www.apartments.com.au/new-apartments/macquarie-rise-122-herring-road-macquarie-park-nsw-2113">Macquarie Rise</a> in late 2023, TOGA has secured over 125 sales in the Herring Road development, to a range of purchasers, from first home buyers to investors and downsizers. Around 65 per cent of purchasers have been owner-occupiers.

TOGA has now launched a new release of one-, two-, and three-bedroom apartments in the final building, Saunders Rise. Many of the apartments feature multi-purpose rooms and offer views of the surrounding greenery. Also part of the release is a series of&nbsp;sub penthouses housed on the upper floors.

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“We’re delighted with the ongoing strong interest in our Macquarie Rise development, which is testament to the need for premium housing in this much-loved Sydney suburb,"&nbsp;Allan Vidor AM, Managing Director at TOGA, said.

"We’re proud to be able to offer buyers a unique product that includes luxury amenities, spacious living areas and flexible layouts, designed to suit all kinds of buyers, from young professionals to families and investors.

“We have long been advocates of Macquarie Park, and once Macquarie Rise is complete, TOGA will have built 1,000 apartments in the area, delivering much needed homes within a thriving precinct. It’s great to see the area become renowned for high-quality apartments, proximity to amenities and green spaces."

TOGA, one of Australia’s few Gold Star iCIRT rated developers, is also handling construction of Macquarie Rise. They are on track to complete the building in 2027.

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Macquarie Rise boasts a prime location, placing residents within immediate reach of Macquarie Centre, Macquarie University, and the newly completed Macquarie University Metro, connecting to the Sydney CBD is just over 20 minutes.

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Macquarie Rise residents also have access to Club Rise, an exclusive, residents only lounge designed by luxury hotel designers Stack Studio, offering an abundance of work and break-out areas, a Pilates studio, a gym, and a karaoke room. As well as these premium amenities Macquarie Rise will also feature an impressive podium top 20m lap pool.

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“Offering luxury, spacious apartments in a vibrant and well-connected neighbourhood, it’s no surprise that Macquarie Rise remains popular with a range of buyers," said TOGA's General Manager of Sales, Anthony Falas.&nbsp;

"With interest rates tracking downwards, we expect the final apartments to continue to receive high levels of interest.”

Located at 122 Herring Road, Macquarie Park, the development will be delivered in partnership with Baptist Union NSW and Morling College with a value of over $400 million.

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TOGA launches final stage apartments in Macquarie Rise

Southern Cross Station anchors the western end of <a href="https://www.apartments.com.au/developments/melbourne-vic-3000">Melbourne</a>’s CBD, connecting metropolitan and regional rail with tram and bus interchanges in one of the city’s busiest transport corridors.&nbsp;

Just metres away, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a>&nbsp;will place residents in the heart of the city, with immediate access to Spencer Street trams, a growing mix of retail, hospitality and cultural venues, and a neighbourhood evolving into a lively residential precinct.

Developed by <a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a>, the 68-level project integrates a sculptural glass tower with the heritage-listed Eliza Tinsley Building on a 2,765 sqm Bourke St site.&nbsp;

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Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the development replaces a previously approved scheme for 813 apartments with a refined offering of just over 600 larger-format residences, responding to a growing owner-occupier demand for spacious city living.

The location sits within a dynamic pocket undergoing significant transformation. Marvel Stadium and the Docklands waterfront are less than 10 minutes away on foot, offering both sports and leisure attractions.&nbsp;

Bourke Street Mall, Queen Victoria Market, and the State Library are all within walking distance, while Flagstaff Gardens, Melbourne’s oldest park, provides a green escape just to the north.

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Proximity to some of the city’s largest employers and education hubs, including the courts precinct, legal chambers, RMIT, and major hospitals, makes 640 Bourke Street an appealing residential address for professionals, families and students alike.

Education opportunities span all levels. Nearby, Haileybury City Campus offers private schooling just a short walk from 640 Bourke Street. Just beyond the CBD fringe, Carlton Gardens Primary School, one of Melbourne’s oldest state primary schools, and Docklands Primary School provide convenient government schooling options.

Higher education is equally accessible. RMIT University’s city campus spans multiple buildings just a few blocks away, while the University of Melbourne’s Parkville campus is easily reached via tram along Swanston or Elizabeth Streets.

Victoria University’s City Queen campus, focused on law and business, is also close by, positioning 640 Bourke Street within walking distance of three of Melbourne’s major tertiary institutions.

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The neighbourhood’s retail tapestry continues to evolve into something distinctly local and walkable. Just steps away, Woolworths Metro on Bourke Street ensures that everyday essentials are easily within reach.&nbsp;

For larger shopping trips, Spencer Outlet Centre on Spencer Street and QV Melbourne on the opposite side of the CBD broaden the offering with supermarkets, fashion, dining and specialty stores.

The lane-to-lane vibe unfolds beautifully in nearby arcades and alleys. Hardware Lane, with its European-style red-brick paving and alfresco dining, pulses with jazzy evenings and casual lunches.

A few minutes north, Howey Place and Centre Place offer leafy, boutique-lined lanes where hidden cafés and niche retailers congregate under historic glass-covered cloisters.

Completing this tapestry is the newly opened Mecca “beauty playground” on Bourke Street. Spanning 4,000 sqm over three levels, the flagship blends immersive retail within an art-deco heritage setting.

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This finely grained network of shops, eateries, arcades and service outlets defines the everyday lifestyle at 640 Bourke Street - further enriched by over 3,000 sqm of resident amenity including a Turkish-inspired pool, gym, co-working rooms and private cinemas.&nbsp;

Apartments are priced between&nbsp;$640,000 and $3.95 million. Off the plan stamp duty concessions available until October 2026. Prospective buyers can visit the on site display gallery which has&nbsp;fully built one, two, and three-bedroom apartments.

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640 Bourke Street: A heritage address at the heart of Melbourne

Lower North Shore development specialists&nbsp;<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>&nbsp;has topped out its new local apartment development,&nbsp;<a href="https://www.apartments.com.au/new-apartments/northcote-collective-naremburn-2-6-northcote-street-naremburn-nsw-2065">Northcote Collective</a>.&nbsp;

Located in the tightly held suburb of <a href="https://www.apartments.com.au/developments/naremburn-nsw-2065">Naremburn</a>, Northcote Collective is a collection of just 58 one-, two-, and three-bedroom apartments designed by award-winning architects Rothelowman.&nbsp;

The building is just a five to 10 minute walk from the heart of Crows Nest and the new&nbsp;St Leonards and Crows Nest Metro stations. Abadeen has also brought doorstep convenience, with a ground-floor retail offering on Northcote Street.

Northcote Collective is being delivered by&nbsp;<a href="https://www.apartments.com.au/builders/decode">Decode</a> — an iCIRT-rated construction company well regarded in the new development industry.

[smartcode_project:default project_id=114189 project_image_fid=272840]

“This is an important and exciting moment for Northcote Collective, and we’re proud to celebrate this milestone with our partners, consultants, and future residents,” said Justin Brown, Executive Chairman and Founder of Abadeen.&nbsp;

“From the outset, our vision was to create something truly special for Naremburn — homes that respect the character of the neighbourhood while elevating the standard of Lower North Shore living. With connectivity to transport, retail on the doorstep and a true village lifestyle, this milestone also comes at a perfect time when buyer confidence is returning to the market. I am incredibly proud of our team and of Decode for their dedication in helping us bring this vision to life.”

[smartcode_project:default project_id=114189 project_image_fid=272865]

The development is two-tiered, with two rooftops for residents. The taller building has an impressive rooftop pool, a rare inclusion in the new Sydney apartment market. The level, with panoramic views, also includes an entertaining terrace with barbecue facilities.

Local downsizers and young professionals are showing the strongest interest in the development, with recent improvements in the property market — supported by three rate cuts in 2025 — boosting borrowing power and buyer confidence.

Auction activity across Sydney surged by almost 30 per cent in recent weeks, with clearance rates above 70 per cent — signalling a renewed wave of buyer demand.

Northcote Collective will welcome buyers in 2026.

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Abadeen tops out Northcote Collective in Naremburn

Sunshine Coast-based <a href="https://www.apartments.com.au/developers/devcon-property-group">Devcon Property Group</a> has acquired one of Maroochydore’s most prominent development sites for $12 million unlocking the potentialfor a mixed-use project in the Cotton Tree precinct.

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The 4,178 sqm site at 41–43 Aerodrome Road—well known locally as the former home to one of Australia’s last Sizzler restaurants—was sold via an off-market expressions of interest campaign by Colliers agents Nick Dowling and Baydn Dodds. More than 70 targeted buyer groups were approached, resulting in multiple competitive offers for the property.

Devcon Property Group Managing Director Michael Kain said the acquisition was a strategic move in line with the company’s focus on delivering high-quality projects in prime coastal locations.&nbsp;

“We’re excited about the possibilities this site, in one of the Sunshine Coast’s most iconic beachside &nbsp;communities, offers for a broad range of development outcomes,” Kain said.

“Its location, ocean view potential, and proximity to the Maroochydore CBD and beach make it an &nbsp;outstanding development prospect. Our plans are to refurbish the existing building and then review &nbsp;development options for the remainder of the site.”&nbsp;

<img alt="Aerodrome Rd site overlooking Beach (Large)" data-entity-type="file" data-entity-uuid="a29dc4ed-68c1-4bec-a4fc-283063dcde1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerodrome%20Rd%20site%20overlooking%20Beach%20%28Large%29.jpg?VersionId=b0WxJWevmLoAfCP4YvGImZpR3rSCJJ9L" />

Colliers Special Projects Manager Baydn Dodds said the sale reflected the ongoing strength of the &nbsp;Sunshine Coast’s development site market, particularly for projects capable of achieving water views. &nbsp;

“Sites of this scale, in walkable beachside locations with ocean views, are tightly held and continue to attract significant interest from both local and national developers,” Baydn Dodds said. &nbsp;

“Holding a prominent position as the former home to one of Australia’s last Sizzler restaurants and more recently occupied by Rashays, the prime site is located just 150 metres from Maroochydore Beach.&nbsp;

“With stunning ocean view potential, located in one of the Sunshine Coast’s best known iconic &nbsp;beachside communities, within steps of shops, cafes and the beach it is no surprise that there was strong interest in the site. The transaction highlights the ongoing depth of demand for well-located &nbsp;mixed-use sites across the Sunshine Coast.”&nbsp;

Colliers Sunshine Coast Managing Director Nick Dowling said the transaction reinforced the &nbsp;Sunshine Coast’s status as one of Australia’s most active development markets.&nbsp;

“The combination of strong population growth, lifestyle appeal, and infrastructure investment is &nbsp;driving demand for quality development opportunities,” Nick Dowling said. &nbsp;

“The Sunshine Coast is one of only three markets nationally to record an increase in crane numbers, &nbsp;reflecting the strength of the region’s construction pipeline.&nbsp;

“Opportunities like this are rare and continue to generate strong buyer interest in the region.”&nbsp;

The Sunshine Coast development market is booming, with several high-profile developers like Cube Developments, Gardner Vaughan Group, and RCQ, planning developments in the region.

Devcon buys Sunshine Coast’s former Sizzler site for new apartment development

Cattle Farm

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The Gunter family has listed Ben Cruachan Pastoral, the grazing property at Maffra West.
The <a href="https://www.commercialrealestate.com.au/property/3-huggetts-road-maffra-west-upper-vic-3859-2015768350" target="_blank">1,281 hectare Huggetts Road estate</a> comes with a homestead with mountain views.
It is being offered as a whole or in five separate lots.
The Ben Cruachan homestead sits on one title spanning 101.18 hectares.
The whole property, ideally suited to cattle and timber production, has $3.3 million hopes.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/28/Ben%20Cruachan%20Pastoral.jpg" alt="">
The family is also selling <a href="/news/toorak-trophy-carmyle-one-of-the-suburbs-first-homes-hits-the-market">one of Toorak's oldest trophy homes</a>.
Ben Cruachan Pastoral was part of the estate of the urologist David Gunter, who died 2015, and his wife Judy, who died in December.
The couple, who had seven children, hosted musical performances at their 14-bedroom Italianate Toorak mansion Carmyle, which they bought in 1969.
 
 
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j.ballantyne1990-6AQqhLzZaK

Gunter family list Maffra West farm Ben Cruachan Pastoral

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Former Showtime Australia boss Peter Rose and his wife Christine have listed their historic cattle farms Bannaby Station and Cross Station in Taralgal, NSW. 
Bannaby and Cross Station are scheduled go under the hammer on November 8 with $3.5 million plus hopes.
Rose, a global digital media consultant, bought the Cross Station in 2006 and Bannaby Station in 2017. 
Set on a 772 hectares, the 1840s-settled Cross Station comes with 27 paddocks.
There are 18 dams, three creeks, 300,000 litres of water storage. 
Its other features include over 20 kilometres of new fencing, historic six stand woodshed and shearers quarters.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/14/taralga%202.jpg" alt="">
The 770-hectare Bannaby Statio is situated 20 kilometres to Taralga, 35 kilometres to Marulan and 62 kilometres to Goulburn. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/14/taralga%203.jpg" alt="">
The properties are being offered through David Medina at Sotheby’s International.
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Bannaby Station and Cross Station in Taralgal, NSW set to go under the hammer 

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Gina Rinehart’s Hancock Prospecting has purchased the 3234 ha New England grazing property, Glendon Park. 
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Located about 40 kilometres north-east of Armidale, <a href="https://www.realcommercial.com.au/property-commercial+farming-nsw-armidale-502890538" target="_blank">Glendon Park</a> will be used to grow the 2GR Wagyu herd.  
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The Wagyu bred on Glendon Park will be finished and processed in Australia, before being delivered into local and overseas markets.
Hancock Prospecting’s current Wagyu herd is about 20,000 head, the mining tycoon's statement said.
Mrs Rinehart said Glendon Park was a quality property well located near her existing operations and would support further growth.
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“I am pleased to continue to invest in rural operations that will continue to grow our 2GR Wagyu business to meet the growing demand for our very high quality and delicious 2GR Wagyu beef,” she said.
It was listed by Mike Clifton of Colliers International by former global investment banker Renatto Barbieri and partner, Armidale-born Charlotte Wright, known as Charlie, who sold the property to pursue other agricultural projects overseas. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/8/Rine4.jpg" alt="">
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Their aggregation started with the purchase of Lambs Valley in 2008, then Duffries, Top School and lastly the former piggery Glendon Park.
Of the total area, about 85 per cent is usable grazing country, lightly timbered with shade and shelter trees with 112 paddocks. 
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Gina Rinehart's Wagyu herd expansion with New England buy

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Haranel, a fully operating cattle farm on Mount Mee on Queensland's Sunshine Coast hinterland, has been sold for $1.95 million.
Ray White Rural, which suggested Haranel was ideal for either cattle grazing or fattening secured the price at auction last Friday.
The purchaser was described as a professional gentleman based in Brisbane.
The retiring owners are relocating for family reasons.
Jez McNamara and Barry Quinn from Ray White Rural Brisbane and Vicki Pain from Ray White Rural Dayboro marketed and sold the property which attracted over 100 enquiries during the four week campaign.
It spans 67 hectares of lush pastures able to accomodate more than 80 breeders plus calves year-round.
Mount Mee is 1600 metres above sea level, with its climate of cool clean air and high rainfall suitable for cattle farming.
The locality was almost all dairy country decades ago, but now only a few remain as the cattle industry has taken over.
Ray White Rural agents Barry Quinn and Jez McNamara who suggested Haranel is ideal for either cattle grazing or fattening secured the price at auction last Friday.
Currently the property runs the Droughtmaster breed, a breed conceived in response to the need in the Australian Tropics for tick resistance.
The breed use the environment and the pastures in the most efficient manner to give higher weight gains and fertility.
Its not a well know breed as Droughtmasters make up just five percent of registered cattle across the country.
Late last year Haranel sold its six month old Droughtmaster calves for $725 at Woodford sales.
There's steel cattle yards and a spring fed permanent creek that runs through the property which takes its name from Hebrew for Mountain of God.
A six bay shed incorporates a two storey, two bedroom, fully self-contained mangers quarters.
Quinn and McNamara have set a July 6 auction date.
The country property comes with a 2013 built homestead on a level plateau at the top of the estate, capturing views across the surrounding mountains, farmland, creeks and valleys.
Quinn says it's arguably the best home in Mount Mee. 
The single level Queenslander with a wrap around verandah has two separate bedroom wings. There are six bedrooms, each with their own ensuite.
The large open plan living area with striking wood burning fireplace opens to terrace which features a swimming pool and spa.
Haranel last traded for $630,000 in 2012 before the house was built.
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Droughtmaster cattle farm, Haranel at Mount Mee, sold

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Haranel, a fully operating cattle farm on Mount Mee on Queensland's Sunshine Coast hinterland, has been listed for sale.
It spans 67 hectares of lush pastures able to accomodate more than 80 breeders plus calves year-round.
Mount Mee is 1600 metres above sea level, with its climate of cool clean air and high rainfall suitable for cattle farming.
The locality was almost all dairy country decades ago, but now only a few remain as the cattle industry has taken over.
Ray White Rural agents Barry Quinn and Jez McNamara suggest Haranel is ideal for either cattle grazing or fattening.
Currently the property runs the Droughtmaster breed, a breed conceived in response to the need in the Australian Tropics for tick resistance.
The breed use the environment and the pastures in the most efficient manner to give higher weight gains and fertility.
Its not a well know breed as Droughtmasters make up just five percent of registered cattle across the country.
Late last year Haranel sold its six month old Droughtmaster calves for $725 at Woodford sales.
There's steel cattle yards and a spring fed permanent creek that runs through the property which takes its name from Hebrew for Mountain of God.
A six bay shed incorporates a two storey, two bedroom, fully self-contained mangers quarters.
Quinn and McNamara have set a July 6 auction date.
The country property comes with a 2013 built homestead on a level plateau at the top of the estate, capturing views across the surrounding mountains, farmland, creeks and valleys.
Quinn says it's arguably the best home in Mount Mee. 
The single level Queenslander with a wrap around verandah has two separate bedroom wings. There are six bedrooms, each with their own ensuite.
The large open plan living area with striking wood burning fireplace opens to terrace which features a swimming pool and spa.
Haranel last traded for $630,000 in 2012 before the house was built.
This article was first published in the Weekend Australian. 
 
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jrobinson-rf4aSBido9

Mount Mee cattle farm Haranel listed for sale 

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Deloraine, a 600 hectare cattle farm at 500 Old Hume Highway, Beveridge has sold for about $200 million.
The cattle farm on Melbourne’s northern fringe was bought by a Melbourne-based developer.
The <a href="https://www.realcommercial.com.au/property-land+development-vic-beveridge-502743854" target="_blank">500 Old Hume Highway</a> holding is likely to be turned into about 6000 residential blocks.
Beveridge, 42 kilometres north of the city, is famed for being bushranger Ned Kelly’s first home town.
It sold through Biggin &amp; Scott Land agent Frank Nagle.
It was sold by members of the Laffan family, which had run cattle in the area for about 100 years.
The Laffans reportedly bought the property in 1964 for less than £90,000.
<a href="https://www.bigginscottland.com.au/500-old-hume-highway-vic-beveridge-4178061/" target="_blank">Deloraine </a>was previously owned by late wool industry leader Douglas Boyd.
Ned Kelly's father Red built their first home in Beveridge in 1859.
<img src="https://www.realestate.com.au/blog/images/1600x1600-fit,progressive/2018/05/09171252/capi_bfd78b367a5e1188a06378c3b6678708_041b66c3436a1e6517677dd60ab8f64c.jpeg" alt="500 Old Hume Highway Beveridge, for Herald Sun rea" data-capiid="041b66c3436a1e6517677dd60ab8f64c">
The Laffan family has owned Deloraine for 54 years.
The Herald Sun reported the buyer of the site was Akron Property Group, which is behind another housing development in the western suburb of Rockbank and two apartment towers in the Melbourne CBD.
The site is next to Stockland’s 11,000-block Cloverton housing development and near MAB Corp and Gibson Property Group’s $8 billion Merrifield mixed-use estate in Mickleham.
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Beveridge cattle farm sells for $200 million

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ASIC has obtained orders from the Supreme Court of Queensland appointing provisional liquidators to three companies due to concerns about a herd of approximately 261 head of cattle abandoned by Nangus Holdings Pty Ltd (previously Nant Angus Holdings Pty Ltd) management.
Nant Angus offered an investment in cattle to retail investors.
As part of the investment arrangement, Nant Angus was to lease the herds back from the investor for a period of five years from the date of purchase and then buy them back from the investor at an agreed price.
Investors were told that during the lease period they would be paid an annual interest rate of 9.95 per cent on their investment capital.
Investors were introduced to this investment through full page advertisements taken out in the Australian Financial Review newspaper by Nant Angus.
ASIC has obtained orders from the Supreme Court of Queensland appointing Mr Richard Hughes and Mr David Orr of Deloitte as provisional liquidators to three companies:
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<li>Nangus Holdings Group Pty Ltd</li>
<li>Nangus Holdings Pty Ltd</li>
<li>Nangus Grazing Company Pty Ltd</li>
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ASIC applied for and obtained these orders as part of an ongoing investigation into the Nangus Group of companies.
The orders were sought by ASIC due to concerns about the solvency and lack of management of the companies.
Keith Batt and Margaret Letizia, the individuals responsible for the creation and management of the companies, are now both personally bankrupt, disqualifying them from managing a corporation.
The orders require the provisional liquidators to provide a detailed report to the Court regarding the financial position and management of each company so the Court can consider whether to make final orders to wind the companies up.
The couple's Hamilton house has recently been listed for sale by the receivers.
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ASIC express concern over fate of Nant Angus cattle 

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A dairy farm in Drouin has sold for $2.1 million.
Comprising 91 hectares, the property is divided into 41 two hectare paddocks, with a central laneway and water to all from a spring fed dam.
It currently milks up to 180 cows and features a hay shed and machinery shed.
The main homestead is a <a href="https://www.realestate.com.au/sold/property-lifestyle-vic-drouin+south-7651047" target="_blank">fully renovated three bedroom home</a> with a brand new kitchen and ensuite.
It was sold by Harcourts agent John Rowe after having initial $2.3 million hopes when first listed in 2014.
 
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jchancellor-FAypfDUnLy

Drouin dairy farm sells for $2.1 million

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Wanaka, one of the largest freehold high country stations, has been listed for sale.
The 6639 hectare Lake McKay Station is one of the Southern Lakes' most prominent properties.
It comprises a diverse outlook of mountainous terrain, natural gorges, stream and premium pastureland, as well as views over Wanaka and Mount Aspiring.
The luxury homestead was designed by Dunedin architect Mason &amp; Wales and has four bedrooms, three bathrooms, a games room and a boot room.
There's also a three-bedroom manager's residence, two bedroom staff quarters, a modern woodshed, large implement shed and sheep and cattle yards.
<img src="/images/2016/10/27/NZ%20PIC.jpg" alt="" width="509" height="340">
It's being sold by prominent Auckland-based businessman Colin Harvey and his wife Mary.
They purchased the farm in 2008 and have overseen the installation of a $2 million irrigation system, as well as the addition of a 135 hectare parcel of land.
They have ran it as a successful sheep and cattle station.
“It’s been an amazing journey in Wanaka,” Colin says. They are moving to spend more time with family and focus on business interest in Auckland.
New Zealand Sotheby’s International Realty sales associate Matt Finnigan says the property’s proximity to the Wanaka township, together with its diverse farming and recreational attributes, make for an attractive opportunity. 
“Lake McKay Station is situated in a dress-circle position overlooking both Lake Wanaka and Lake Hawea,” he says.
“The current owners have invested heavily in developing its infrastructure and irrigation, therefore the property has a solid farming backbone.
"It’s also completely accessible by vehicle, which is rare in a high country farm of this scale, and the views from all corners are extraordinary.”
 
 
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Wanaka's Lake McKay Station in New Zealand listed

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Gina Rinehart's desire to secure Australia's largest landholder, cattle company S.Kidman &amp; Co with a Chinese investor, is being challenged.
The rival bid has been confirmed from wealthiest graziers including BRW Richlisters Tom and Pat Brinkworth and Sterling Buntine.
The Kidman's preferred bid, at $365 million, comes via Australian Outback Beef (AOB), a consortium two thirds controlled by mining magnate Gina Rinehart, and a Chinese business partner, Shanghai CRED.
Their bid does not include Anna Creek, a property in South Australia that raised national security concerns when Chinese interests tried to buy the Kidman properties last year.
BBHO has since emerged, comprising four of the nation's wealthiest outback cattle and transport families offering $385 million, for all the properties including Anna Creek.
The local bid would avoid scrutiny by Australia's Foreign Investment Review Board given BBHO's directors, Viv Oldfield, Tom Brinkworth, Sterling Buntine and Malcolm Harris, represent some of the most prominent names in the outback.
The bid has not yet been received, but once it is, AOB has the right to match the offer.
AOB and Kidman have an agreement that triggers a $3.8 million break fee if either party walks away.
A finalised sale is expected early next year. 
Alice Springs businessman Viv Oldfield is most well known as a race horse trainer.
The 58 year old runs cattle on pastoral land in the Northern Territory and South Australia, and has partnered with a fellow pastoralist to sell cattle to China.
East of Alice Spring, Mr Oldfield runs cattle across the jointly managed properties Andado Station, Horseshoe Bend and New Crown.
He owns an outback transport company, Tanami Transport, of which S Kidman and Co is client.
The South Australian pastoralist Tom Brinkworth owns more than 100 properties spread across more than 400,000 hectares 
Sterling Buntine owns Alroy Downs Station and Dalmore Downs, along with Lissadell, Bedford Downs and Lansdowne stations in the Kimberley in Western Australia.
Malcolm Harris and his family recently gained approval to apply for a freehold lease on WA's Gogo Station at Fitzroy Crossing.
The family owns Benmarra Station in the Northern Territory, and Rockhampton Downs, near Tennant Creek.
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