<p>Holiday home buyers who have long gravitated to Queenstown’s alpine setting are increasingly looking for low-maintenance apartments that allow them to lock up and leave, while still generating income when they’re away.</p>

<p>For Wendy, who had spent years visiting the Queenstown and Arrowtown region, <a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>’s Mountain Oak Apartments provided the opportunity to formalise what had previously been a recurring holiday pattern.</p>

<p>“We always had Queenstown in the back of our minds to buy something there as a holiday home,” she says. “We love the Queenstown and Arrowtown area.”</p>

<p><img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/658d4f_48c3ec1ae5df4a2cab7d23c07c7f51b3~mv2.jpg?VersionId=27K8oQ4ExDN8Yu70VHDa9Olq59XU36m3" /></p>

<p>Time spent visiting her sister-in-law, who owns in Arrowtown, along with regular stays at Millbrook Resort, had already shaped a strong personal connection to the region.&nbsp;</p>

<p>Rather than approaching the purchase purely as an investment play, Wendy’s starting point was lifestyle.</p>

<p>“We were more thinking about ourselves and where we could stay, and then the rental aspect was second.”</p>

<p>Mountain Oak Apartments, located within the masterplanned Remarkables Park precinct in Frankton, aligned with that thinking. The ability to secure the apartment with a deposit and settle on completion made the timing work.</p>

<p>“The fact that we could put a deposit down with the balance on completion was a bonus for us,” she explains.</p>

<p><img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" /></p>

<p>Wendy selected a two-bedroom, two-bathroom penthouse, a configuration that supports both private use and guest flexibility.</p>

<p>“The two-bedroom, two-bathroom configuration appealed from both a rental viewpoint and for the ability to have friends stay while we are there,” she says.</p>

<p>Across the development, two-bedroom apartments range from 64sqm to 78sqm, with two-bedroom plus flexi options from 71sqm to 75sqm, each with an allocated car park. The flexi layouts introduce an additional space suited to work or hobbies, reflecting demand from buyers who split their time between leisure and remote work.</p>

<p>Apartments include underfloor heating in bathrooms, heat pumps to living areas, and joinery positioned to maximise natural light and mountain outlooks. The Remarkables Park precinct is known for its extended winter sunshine hours, water frontage and open views toward The Remarkables.&nbsp;</p>

<p>Units come in light and dark interior colour schemes.</p>

<p><img alt="Mountain Oak Apartments draws holiday home buyers to Queenstown" data-entity-type="file" data-entity-uuid="fd685a22-3b95-43a1-87cb-48fdd42bb4ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_f9f89107c2704ebbbe5a6b36da508cb3~mv2.jpg?VersionId=MigFIEm6b.mrANANwxSmwHvC4RdJUuyR" /></p>

<p>While lifestyle was the primary driver, the fundamentals of the Queenstown market added reassurance.&nbsp;</p>

<p>“Proximity to the airport and tourism being the main attraction all year round,” Wendy says, when asked what stood out from an investment perspective.</p>

<p>Mountain Oak sits just eight kilometres from Queenstown’s CBD and around a two-minute drive from Queenstown Airport.&nbsp;</p>

<p>For Wendy, that airport proximity carries practical value.</p>

<p>“The airport proximity is a bonus, we think that being so close will be an attraction for the convenience side.”</p>

<p>Residents are also a short drive from Coronet Peak, Jack’s Point Golf Course, New World Supermarket, Five Mile Shopping Centre, and the dining, medical, gym, cinema and library amenities within the town centre, as well as the seasonal Remarkables Market.</p>

<p>Importantly, the purchase does not lock owners into a single use. Mountain Oak offers the flexibility to opt for short-term visitor accommodation or longer-term residential rental management, with 365-day visitor accommodation consent in place. Owners can utilise Safari Group’s 24/7 on-site management service or appoint their own provider, and do not need to decide on a strategy immediately.</p>

<p>“It was a bonus that we can rent it out as well as use it for ourselves,” she says.</p>

<p>Additional buying options, including furniture packages and storage units available for purchase within the building, further support a lock-and-leave model suited to interstate and overseas owners.</p>

<p><img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" /></p>

<p>Mountain Oak Apartments comprises 141 residences, ranging from one-bedroom configurations through to larger apartments and penthouses. One-bedroom apartments are currently priced from NZ$639,000, with three-bedroom options from NZ$1,299,000.</p>

<p>With 365-day visitor accommodation consent, the development is structured to respond to Queenstown’s established four-season tourism economy, spanning winter ski traffic and summer hiking, cycling, golf and lake-based activity.</p>

<p>Although Wendy acknowledges the strength of rental demand, her approach remains long term.</p>

<p>“We’re not planning to sell it anytime soon, so we are keen to hang on to it, but the passive income will be a bonus.”</p>

<p>Confidence in the developer also influenced her decision. Before proceeding, Wendy sought feedback within the local building community.</p>

<p>“We asked around and Safari Group had a good reputation,” she says.</p>

<p>Safari Group has delivered more than 2,000 hotel units and residential apartments across over 18 developments nationwide, with more than 25 years’ experience in the sector.</p>

<p>With completion anticipated by mid-2027, Mountain Oak is attracting a cross-section of buyers, from yield-focused investors to lifestyle purchasers seeking a foothold in one of New Zealand’s most tightly held alpine markets.</p>

<p>For Wendy, it represents both a future holiday base and a long-term asset within Queenstown’s year-round tourism economy.</p>


Joel Robinson

How Mountain Oak Apartments draws holiday home buyers to Queenstown

<p>Eduard Litver's Capitel Group is seeking to redevelop Chatswood's Mandarin Centre in the heart of the burgeoning suburb.</p>

<p>Capitel Group, in a joint venture with Metis Group, has filed a State Significant Development Application (SSDA) to demolish the Mandarin Centre and construct a 32-storey tower designed by Skidmore, Owings &amp; Merrill (SOM) with 325 apartments.</p>

<p>The 3,524 sqm site at 61A-65 Albert Avenue will also home extensive retail amenity, both at street-level and across a four-level podium.</p>

<p><img alt="First look: Metis and Capitel unveil $1.2bn+ plan to redevelop Chatswood’s Mandarin Centre" data-entity-type="file" data-entity-uuid="905976ea-08cd-409f-8a4c-33a3fb8bf351" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1771923441002.png?VersionId=f_xI2ejpxQvEm4fPqGji01RY9_AWVY6O" /></p>

<p>In its early stage Design Report submitted to the NSW Government's Housing Delivery Authority, SOM describes the ambition for the project as one that “aims to revitalise and reactivate an important corner of the Chatswood CBD.”</p>

<p>The architects note that the existing shopping centre “has a lack of vertical connection between its five levels of retail and a cumbersome pedestrian access from the street to the second-level transit connection,” framing the redevelopment as an opportunity to reconfigure circulation and better integrate with surrounding transport infrastructure.</p>

<p>The design adopts a single tower configuration, shaped through early testing to respond to neighbouring buildings and key public spaces.</p>

<p>Retail activation is concentrated at ground and lower podium levels, with a focus on food and beverage, lifestyle and wellness tenancies. The intent is to create a more permeable ground plane and improve connections between Albert Avenue, Victor Street and the Chatswood transport interchange, located within walking distance of the site.</p>

<p><img alt="First look: Metis and Capitel unveil $1.2bn+ plan to redevelop Chatswood’s Mandarin Centre" data-entity-type="file" data-entity-uuid="b1e0c8cb-ee9b-41c1-97ac-0455c043b9e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1771923442914.png?VersionId=y.Kbo.9bzLIbOabeygYts8Uf9imI.Dqh" /></p>

<p>The site occupies a prominent position on the southern edge of the Chatswood CBD core, bounded by Albert Avenue and Victor Street. It sits near the rail and metro interchange and within close proximity to Chatswood Chase, Westfield Chatswood, Chatswood Oval and a range of commercial office towers and residential buildings.</p>

<p>Chatswood has been one, and continues to be, of the most popular suburbs for developers in recent years. The most recent tower to launch is Hyecorp's Celine on Archer Street, which followed The Anderson by Changfa and Huirong.</p>

<p>Soon to launch is Coronation's Archer &amp; Albert nearby the new proposal.</p>


Chatswood boom continues with Capitel and Metis’s $1.2 billion Mandarin Centre redevelopment

<p>Apartment development applications continue to tally up in Rose Bay following the NSW Gov's 2025 update to the Low and Mid-Rise Housing Policy.</p>

<p>&nbsp;</p>

<p>Some $200 million worth of developments were filed in the space of four weeks at the back end of last year, with the likes of Fyve, HSN, Luxcon and Fortis all seeking to creating new apartment buildings.</p>

<p>The latest plans are for an amalgamated 3,105 sqm site across Conway Avenue, Fernleigh Avenue, and Carlisle Street. Developer Mathieson Property is planning <a href="https://www.apartments.com.au/new-apartments/dian-2-6-conway-avenue-rose-bay-nsw-2029">Dian</a>, 70 apartments across a new eight-storey building, perched on a ridgeline within walking distance of Rose Bay Town Centre.</p>

<p>The State Significant Development Application (SSDA), includes one-, two-, three- and four-bedroom configurations. Over 15 per cent will be dedicated as affordable, as per the NSW Government's push for affordable housing. The 17 apartments will be managed by a community housing provider for 15 years following completion of the building.</p>

<p><img alt="First Look: Mathieson Property unveils eight-storey infill housing proposal ‘Dian’ in Rose Bay" data-entity-type="file" data-entity-uuid="f99c21d9-e69d-4a23-ae35-3244cfa0b4ae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rose%20Bay%20site_0.png?VersionId=67KSZfecJ3fvn1ewo9xxKrneRT.Nsjwd" /></p>

<p>MHNDU has designed the building around three central cores, with lower-level apartments arranged to maximise corner balconies and cross-ventilation. Upper levels are configured with dual north–south aspects to capture harbour views and solar access.</p>

<p>Private open space is a key feature of the scheme, with generous balconies and terraces throughout. Five ground-floor apartments would include private pools, while one upper-level residence will feature a rooftop terrace and pool. A communal room and adjoining landscaped outdoor terraces provide shared open space for residents.</p>

<p><img alt="First Look: Mathieson Property unveils eight-storey infill housing proposal ‘Dian’ in Rose Bay" data-entity-type="file" data-entity-uuid="dd2e275f-c270-4eb1-9a02-2b573b8eb540" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rose%20Bay%20front_0.png?VersionId=Us5jNEG6iLFLLMfQSzVBVdILYobBj.g9" /></p>

<p>The site sits around 365 metres walking distance of Rose Bay Town Centre and around 312 metres from regular bus services on New South Head Road, meeting the accessible area criteria under the Housing SEPP.</p>

<p>In early 2025, the NSW Government implemented significant changes to its Low and Mid-Rise Housing Policy, altering planning controls to allow greater density for new apartment projects within an 800-metre walking distance of stations and town centres in the&nbsp;<a href="https://www.apartments.com.au/developments/woollahra-nsw-2025">Woollahra</a>&nbsp;Local Government Area, overriding existing local controls. Buildings are now permitted to rise up to six storeys within 400 metres of a station or centre, or eight storeys where affordable housing is incorporated, and up to four storeys within the 401 to 800 metre radius, which can increase to six storeys with affordable housing.</p>


Mathieson Property unveils Dian Rose Bay apartment development

<p>Lower North Shore developer <a href="https://www.apartments.com.au/developers/hyecorp-property-group">Hyecorp</a> is preparing to launch <a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine</a>, its new apartment development in Chatswood.</p>

<p>Set within a blue ribbon location on Archer Street, Celine will rise on a quiet, tree-lined enclave on the edge of the South Chatswood Heritage Conservation Area, a short walk from the connectivity which Chatswood is famous for.</p>

<p>Celine will deliver 122 one, two, three, and four-bedroom residences, designed to accommodate a broad range of buyers, from owner-occupiers to investors.</p>

<p>[smartcode_project:default project_id=149594 project_image_fid=362610]</p>

<p>Designed by&nbsp;<a href="https://www.apartments.com.au/architects/fuse-architecture-0">Fuse Architects</a>, the 29-storey tower has been shaped to respond to its Archer Street setting, with a defined podium and slender upper levels.&nbsp;</p>

<p>The building incorporates a two-storey residential lobby at the corner, double-height retail fronting Bertram Street, food and beverage tenancies along a through-site link, and two levels of commercial office space.&nbsp;</p>

<p>A landscaped pedestrian connection between Archer and Bertram streets will provide a publicly accessible link through the site, extending activity at ground level beyond the building footprint.</p>

<p>[smartcode_project:default project_id=149594 project_image_fid=362606]</p>

<p>Inside, Hyecorp is emphasising scale and flexibility. Most residences will incorporate multipurpose rooms, allowing buyers to configure additional living, study or guest space within their floorplan.&nbsp;</p>

<p>Kitchens have been designed with proportions more commonly associated with standalone homes, complemented by Gaggenau and Miele appliances, integrated refrigeration, Miele laundry appliances, Taj Mahal stone and bronze tapware.&nbsp;</p>

<p>Buyers will also have the option to tailor aspects of their home through the developer’s “Live Your Way” personalisation service.</p>

<p>Resident amenity will include an outdoor pool, gym and sauna, as well as barbecue and lounge areas designed for shared use. Upper levels are oriented to capture eastern outlooks towards the Sydney CBD and surrounding greenery.</p>

<p>[smartcode_project:default project_id=149594 project_image_fid=362633]</p>

<p>The location places future residents within 800 metres of Chatswood Interchange, providing access to metro and rail services, and within walking distance of Westfield, Chatswood Chase and the Chatswood Concourse. Parks including Chatswood Park and Beauchamp Park are nearby, along with a cluster of schools and private hospitals.</p>

<p>Celine continues Hyecorp’s focus on the Lower North Shore. The Australian, family-owned developer has been operating locally for more than 30 years, with recent projects including Audrey in St Leonards, now nearing completion, and Juliet in Roseville. With registrations expected to open soon, Celine represents the group’s latest addition to the Chatswood apartment market.</p>

<p>[smartcode_project_cta:default project_id=149594]</p>


Hyecorp unveils Celine, a striking new apartment tower in the heart of Chatswood

<p>International development company <a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> has kicked off construction of the $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a>, one of the highest value developments to get underway on the Gold Coast in more than a decade.</p>

<p>Located on a 1.15ha site stretching from Surfers Paradise Boulevard to Ferny Avenue, Paradiso Place, when completed, will deliver 845 residences across three residential towers. &nbsp;</p>

<p>Paradiso Place has been several years in planning by SPG, which has now pushed the green light on construction to meet pent-up demand from investors and owner occupiers.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=106566 project_image_fid=185858]</p>

<p>The move follows minor amendments to the original design to cater to buyer demand, including the provision of more premium residential amenity, including private dining, lounge and events spaces for residents to entertain guests.</p>

<p>The three towers, comprising 41, 40 and 44 levels, will bring to the market 845 apartments with each tower boasting its own podium level interconnected skybridge to create a unique elevated ‘beachside village’ for residents.</p>

<p>[smartcode_project:default project_id=106566 project_image_fid=362500]</p>

<p>The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed development will bring a broad range of residences to the market, most offering ocean views and all enjoying five-star hotel amenities with world-class facilities and the convenience ground level retail precinct.</p>

<p>&nbsp;</p>

<p>Construction of Paradiso Place has been made possible by SPG’s newly established SPG Built division partnered with experienced project management group Eastview Australia, a company that has supported the development of a raft of major projects on the Gold Coast over the past two decades.</p>

<p>[smartcode_project:default project_id=106566 project_image_fid=362499]</p>

<p>“It’s a very exciting time for Paradiso Place as we start construction,” said SPG Land Chairman David Wang.</p>

<p>“We have spent our energy refreshing design and assembling the best team and waiting for what we believe is the right time to start construction on one of the most exciting mixed-use developments to proceed on the Gold Coast since Oracle in Broadbeach and Circle on Cavill in Surfers Paradise. &nbsp;</p>

<p>“The local and interstate downsizer market is getting stronger, and we see Paradiso Place as the right project for our times right now. Our company has the capacity to deliver large-scale projects, and we are thrilled to be bringing this vision to reality.”</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=106566 project_image_fid=185861]</p>

<p>SPG Invest, a company founded in Australia in 1998 with a focus on high-end real estate and premium hospitality assets, has delivered 56 projects in the Asia-Pacific region over the past twenty-five years, including The Peninsula Hotel Shanghai and the Global 188 twin-tower project in Suzhou and Cambridge Residences at Robina.</p>

<p>Paradiso Place will deliver a range of new apartments with two-, three- and four-bedroom layouts, as well as a collection of sub-penthouse and penthouse apartments across three levels. Prices start from $950,000.</p>

<p>[smartcode_project:default project_id=106566 project_image_fid=185852]</p>

<p>“We have a very strong vision for Paradiso Place – we are creating a unique beachside residential community where contemporary design &amp; architecture and luxury materials combine with five star residents’ amenities and the convenience of a premium retail precinct on the ground floor”, said SPG Land CEO Dr Ying Rao&nbsp;</p>

<p>“We are confident that the community will recognise that this is more than just another development. Paradiso Place will bring a much-needed retail precinct and lifestyle hub to northern Surfers Paradise with premium retail, lifestyle and food and beverage options,” Said Dr Rao&nbsp;</p>

<p>“The retail precinct is critical to enhancing the lifestyle amenity for residents and guests, so SPG will retain control of this precinct to curate a premium retail offering that will support this thriving new community.</p>

<p>“SPG will also retain short-term holiday letting to control premium and luxury outcomes in line with our vision.”</p>

<p>Construction of Stage 1 Paradiso Place is expected to be completed by end of 2029.</p>

<p>[smartcode_project_cta:default project_id=106566]</p>


Construction commences on $1.5 billion Paradiso Place development in Surfers Paradise

Echuca

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<p><span>Positive conditions have instilled a high degree of confidence in the Echuca and Deniliquin regions, according to the valuation firm Herron Todd White’s latest rural report.</span></p>
<p><span>A well above average season in regard to crop and fodder is expected due to most of the area receiving around 100 millimetres of rain throughout autumn, plus good follow-up winter rainfall, says HTW director John Henderson.</span></p>
<p><span>“The overall result of this confidence in the seasonal outlook in the area has translated to a rising market”, Henderson said.</span></p>
<p><span>Some degree of uncertainty about the outlook for commodity prices in the short-term remains.</span></p>
<p><span>The report noted recent sales that showed a $1,000 per hectare rise, including a batch of well-developed irrigation properties close-by the Finley district sold for $5,435 to $6,175 per hectare.</span></p>
<p><span>This is compared to similar properties which sold for $4,570 to $5,065 per hectare in December 2018 to February 2019.</span></p>
<p><span>“The rising market is a feature of most of southwest New South Wales and northern Victoria, with agents reporting strong enquiry in the region.”</span></p>
<p><span>The general outlook for the region is for rural values to continue to rise.</span></p>
<p><span>However, the report notes that uncertainty around key commodity prices may start to influence decision-making in the near future.</span></p>
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Rural values continue to rise in the Echuca and Deniliquin regions: HTW Rural

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<div class="column"><span>A good autumn with most of the area receiving around 100 millimetres of rain during March and early April has instilled early confidence in a reasonable season in the Echuca and Deniliquin markets, according to the June Herron Todd White (HTW) rural report. </span></div>
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<div class="column"><span>The valuation firm looked at the influence of trade wars, pandemic outcomes and commodity prices on the rural sector, and provided an update of how rural real estate is performing across locations and industries. </span></div>
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<span>Combined with the long term forecast of good rains for the 2020 winter season, the general outlook for the rural sector is good, the report noted. </span>
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<div class="column"><span>Locally, farmers are quite confident of a good season and reasonable commodity prices despite the obvious impact of COVID-19.</span></div>
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<div class="column"><span>Agents are reporting a gradual increase in enquiry for rural property over the past month or so that will no doubt translate into a gradual improvement in sales activity.</span></div>
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<div class="column"><span>"We are aware of two sales contracted in late March that are at levels similar to pre COVID-19."</span></div>
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<div class="column"><span>A significant influence in the market has been the low interest rates and the perception that interest rates will remain at or around this level for the foreseeable future," the valuation firm said. </span></div>
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<div class="column"><span>A mixed irrigation and dryland holding to the south of Deniliquin contracted for sale in April 2020 for about $10 million, showing around $2450 per hectare excluding water. </span></div>
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<div class="column"><span>The purchasers were local farmers, indicating plenty of confidence and strength in the market place, the report notes. </span></div>
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<div class="column"><span>"At this point in time, the general outlook for rural values in the area is for values to steady or see a slight rise," the valuation firm said. </span></div>
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<div class="column"><span>A Carag Carag farm has recently been sold for $335,000.</span></div>
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<div class="column"><span>The property at 662 Blamey Road (pictured below) features four bedroom homestead, colorbond shed, internal fencing and native garden. 'Currently the farm is used for grazing stock.</span></div>
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<div class="column"><span>A current listing is Yallum Vale, a 422ha Dairy farm in Echuca priced at $3.8 million.</span></div>
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<div class="column"><span>The 1151 McKenzie Road property (pictured below) includes two homes on separate titles, 50-stand rotary dairy and machinery shed. </span></div>
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<span>It is located just 10 minutes south east of Echuca. </span>
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Echuca and Deniliquin rural markets remains steady: HTW rural

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<p>The auction of the Moama district farming property, Kinrara has been listed for auction.</p>
<p>Set at 118 Ripper Road, about 30 kilometres north of Moama-Echuca, the property is 280 hectares (693 acres).</p>
<p>Agents expect it will attract interest because it has been certified organic by the accredited NASAA (National Association for Sustainable Agriculture Australia) whose standard ensures organic integrity from paddock to plate.</p>
<p>Currently, organically accredited products such as hay, grains or pulse crops are selling for double normal market rates and there is also significant supply chain demand for sheep or cattle that are organically produced.</p>
<p>The Kinrara property will be auctioned by Rodwells Ruralco Property on February 22.</p>
<p>Rodwells Ruralco selling agent Andrew Miller says that the property is being offered on behalf of the Hehir family who have held the property since 1998, but had leased it for eight years prior to purchase.</p>
<p>They undertook the three-year long process to secure the NASAA organic accreditation.</p>
<p>“The vendors have dairy farming interests in northern Victoria and have principally been using the Kinrara property to produce supplementary pasture products under irrigation to support their organic milk dairy production, as well as rearing young stock and wintering dairy cows,” said Miller. </p>
<p>“But they have recently secured another holding that adjoins their home farm, so that Kinrara has become surplus to their needs, hence its offer for auction sale.”</p>
<p>Miller says that the formalisation of organic production of both dairy products and livestock confers significant value to an accredited farm like Kinrara.</p>
<p>As well this property is suitable for cropping and would also support sheep or cattle production as it has significant infrastructure in place.</p>
<p>Kinrara will be offered with the successful purchaser having the first option to purchase at market rates the significant water right of 666 megalitres of NSW General Security water which is sourced from the Moira channel which adjoins a boundary of the holding. </p>
<p>The water entitlement is considered double the normal district farm entitlements and resulted from the consolidation of two local property entitlements many years ago.</p>
<p>In addition, there is also an 8 megalitre Stock &amp; Domestic water right.</p>
<p>During their ownership the vendors have developed a high capacity and high flow flood irrigation system over about 211 hectares. </p>
<p>The further land area of 60 hectares is used for dryland grazing and is mostly suitable for cropping.</p>
<p>The holding is subdivided into nineteen paddocks, all electric fenced, with an internal gravel laneway system that facilitates year-round access and enables operational efficiency even in the wettest winters.</p>
<p>The property has a 40 megalitre capacity turkey nest dam which can be gravity filled from the Moira channel system with all runoff from irrigation recycled back to the sumps at the dam m where it can be reused.</p>
<p>The water resources are also used effectively with two-inch poly pipe mains to concrete troughs in every paddock served by an electric pressure pump. </p>
<p>There are dams in 10 of the paddocks while numerous box trees were retained for stock shelter and to enhance the presentation of the farm.</p>
<p>The property benefits from all-weather access while there are stock handling facilities of a shearing shed, new cattle yards and loading ramp beneath a very large Moreton Bay fig tree.</p>
<p>Buildings include an original unused homestead, with a transportable two bedroom living unit with appropriate services on the holding.</p>
<p>Three phase power is on the property which makes it attractive to intensely irrigated horticultural pursuits such as tomatoes or alternative tree crops.</p>
<p>The property is rectangular in shape with good road frontages on two boundaries.</p>
<p>Prior to outright acquisition in 1998 by the Hehir family the property was owned for many decades by the late Stan Jasper who with his wife lived modestly on the property and conducted a low impact farming regime, principally sheep and later to agist dairy cattle.</p>
<p><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/2019/1/10/RURALCO%20KINRARA%20MOIRA%20CHANNEL.jpg" alt=""></p>
<p>With an aversion to cultivation or chemical use, this historic approach facilitated the conversion to organic. </p>
<p>Miller notes that: “strong swards of sub clover and ryegrass have been managed over the last twenty years with a small cropping area, most recently of high yield vetch that was harvested in the 2018 spring. </p>
<p>“Lucerne has also been established on the irrigated pastures after cropping and grown as summer green feed without irrigation to supply a large flush of autumn feed following the seasonal break or after further irrigation.</p>
<p>“The success of the lucerne is put down to roots beyond three metres reflecting the high value of the soils under the organic regime.”</p>
<p>The Hehir family has typically run 300 to 450 head of dairy cattle on Kinrara over the winter and cut 2,000 bales of clover dominant hay in most years. </p>
<p>Surveys have established the organic matter of Kinrara’s soils in the range of 3.17 to 4.65% that is approximately double that of district farms. </p>
<p><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/2019/1/10/RURALCO%20KINRARA%20PASTURES.jpg" alt=""></p>
<p>Miller adds he has assessed the land value as in the region of $1,350 per acre.</p>
<p>“Nothing like this holding has come on to the market in this district in recent years nor is there anything of similar productivity expected to become available.”</p>
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Organic Echuca-Moama region farm listed for auction

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<p>A section of the old Echuca Post Office in northern Victoria is set to go to auction mid December.</p>
<p>The part for sale is a ground floor cafe, currently leased to the Café 3564 Wine Bar &amp; Tapa, as well as upstairs accomodation with two ensuited bedrooms. There's a third ensuited bedroom on the ground floor.</p>
<p>The ground floor comprises an atrium-style function room with an outdoor paved dining space with its own bar area.</p>
<p>Other parts of the building may also be for sale subject to private negotiations, and first right to negotiate will be offered to the successful purchaser.</p>
<p>Making up the other part of the building is a cafe with outdoor seating at the front, four more residences, as well as a ground floor retail space.</p>
<p>On the <a href="https://www.realcommercial.com.au/property-retail-vic-echuca-503014302" target="_blank">corner of Hare Street and Anstruther Street</a>, the Echuca Post Office dates back to the 1870s, when the two storey building with a clock tower over the entrance door was built.</p>
<p><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/2018/11/20/echuha2.jpg" alt=""></p>
<p>The ground floor features a formal entry hallway, a master bedroom with full ensuite, a dressing room and a study/office.<br> <br>There's a large lounge/dining room with atrium and a timber ceiling design that was formerly the sorting room for the post office. There's also a more modern extension with open kitchen/dining/lounge room with separate laundry/toilet.</p>
<p>Ray White Commercial Oakleigh agent Ryan Amler and Joshua Colosimo are handling the marketing in conjunction with Ray White Echuca's Stephen Morgan for a December 14 auction.</p>
<p>Amler said potential buyers will be blown away by how rare the opportunity is and the income returns that are on offer.<br> <br>"Put simply, buildings of this calibre and location don't come around very often," he said.<br> <br>"The Old Echuca Post office, complete with its own clocktower, was constructed circa 1875 and underwent a full refurbishment by the current owners for which they received recognition through the Victorian building awards.<br> <br>“The 429 sqm part of the building has Commercial 1 Zoning and provides a combined rental return of $60,480 p.a. net with 10 per cent annual increases." </p>
<p>The current freehold premises of the Echuca Post Office has recently sold through Teska Carson.</p>
<p>The property at <a href="https://www.commercialrealestate.com.au/property/227-pakenham-street-echuca-vic-3564-2014623155" target="_blank">227 Pakenham Street</a> is currently leased to Australia Post and is part of Echuca's retail and business precinct.</p>
<p>It comprises a single-storey, double fronted building of nearly 300 sqm on a 440 sqm site zoned Commercial 1.</p>
<p>The property was sold sibject to a five year lease, with a five year option, from July 2015 to Australia Post at $88,056 per annum, with annual three percent rent reviews.</p>
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Part of the old Echuca Post Office set to go under the hammer

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<p>A near-new petrol station in Echuca has sold for $7.5million on a 6.5% yield.</p>
<p>Property industry players Peter Spargo and Bill Guest were the vendors of the 161-189 Ogilvie Avenue property.</p>
<p>It is leased to United Petroleum and Hungry Jacks until 2028 with options to extend.</p>
<p>The site contains a 1,191 square metre building on a 5,240 square metre site.</p>
<p>Colliers International’s Daniel Wolman, Anthony Kirwan and Harry Bui in conjunction with Melcorp Commercial’s Paul Jones and Tim Spargo sold the property via an expression of interest campaign.</p>
<p>“The collaborative approach to the sales campaign for this regionally located property proved to be highly successful, with multiple offers received at the conclusion of the EOI process,” Wolman said.  </p>
<p>“The successful purchaser, a private investor from Victoria, acquired the property for $7.5million, a sale price which reflects a tight regional yield of 6.7%. </p>
<p>“The sale, which has set a new benchmark for the local property market, is another sign that despite a reported cooling in market conditions and funding concerns, the market is still awash with cash buyers and is highly competitive.” </p>
<p>Kirwan said buyers were increasingly looking for alternative investment options. </p>
<p>“The major appeal of this asset was the high calibre tenant covenant, fixed income growth and the fact that having been so recently developed, an astute buyer could reap the rewards of newly constructed improvements and great depreciation benefits,” he said. </p>
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Near-new Echuca service station sold for $7.5 million

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<p>The season is precariously placed along the border region with many requiring significant falls to guarantee crops, according to the latest Herron Todd White rural report.</p>
<p>The valuation firm stated, historical management and resulting soil condition has never been more evident than the current season with paddocks either side of some roads showing substantially different vigour and harvest potential reflecting the organic matter content, sowing times and general management practices.</p>
<p>As one farmer in the Riverina said in the second week of August “if we don’t get rain in the next two weeks, the crop will be finished”.</p>
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<p>Valuer David Leeds concludes by noting "a sharp rise in allocation water prices will be likewise creating some difficult decisions for those with irrigation development weighing up the likely final commodity prices with the opportunity cost of irrigating versus selling their allocation on the market."</p>
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Echuca precariously rainfall reliant: HTW rural

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<p><span>Buoyed by the rising value of water, irrigated cropping and grazing holdings continue to be strong performers with agents reporting good demand and prices regularly exceeding vendor expectations, <span>according to the latest Herron Todd White rural </span><span>report.</span></span></p>
<p>This has been a continuing trend for nearly 12 months, the valuation firm advised.</p>
<p>:As one vendor recently noted, they anticipated to realize in excess of $1.1 million when the property was offered to market.</p>
<p>"After 24 hours, the property sold to several neighbours for an amount in excess of $2 million."</p>
<p>Discussions with an agent indicated a selling price 10% to 15% in excess of the initial list price (three months ago) albeit with a significant water component.</p>
<p>Recent sales include a Lockington mixed farming enterprise situated between Echuca and Lockington in Northern Victoria.</p>
<p>It was sold for $1 million in May.</p>
<p><a href="https://www.realestate.com.au/sold/property-mixed+farming-vic-lockington-7543867" target="_blank">Located at 2361 Whinfield Rd</a> (pictured above), the property comprises 144 hectares on three separate titles. </p>
<p>The home block on 32 hectares has three bedrooms, and Lot 2 has a brick home on 64 hectares.</p>
<p>The third Lot is 47 acres of lasered cropping and grazing country. </p>
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Echuca market exceeding vendor expectations: HTW

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<p>Echuca has been buoyed by the rising value of water, irrigated cropping and grazing holdings, according to the latest report from Herron Todd White (HTW).</p>
<p>The valuation firm found that this has been a continuing trend for nearly 12 months with agents reporting good demand and prices regularly exceeding vendor expectations.</p>
<p>"As one vendor interviewed recently noted, they anticipated to realize in excess of $1.1 million when the property was offered to market," the HTW valuers stated.</p>
<p>After 24 hours, the property sold to several neighbours for an amount in excess of $2 million.</p>
<p>The report noted agents indicating a selling price 10% to 15% in excess of the initial list price (three months ago) albeit with a significant water component.</p>
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Echuca agents indicating selling prices 10% to 15% above initial listing: HTW

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<p>The Echuca residential market has shown no signs of slowing down after a year of further tightening and an increase in off market sales as agents have multiple buyers interested in property before it hits the market.</p>
<p>In many instances this resulted in the asking price or a touch stronger being achieved, HTW's latest report noted.</p>
<p>The valuation firm advised it was consistent across almost all Eucuca market segments with tightening market conditions spreading into rural residential holdings which historically required marginally longer selling periods.</p>
<p>Land sales west of Echuca have been well received amid limited competing supply while Moama has continued to see significant development.</p>
<p>"Nevertheless there is still an imperative to having properties listed correctly with older stock at secondary locations probably being the only slight drag on the market," the HTW report advised.</p>
<p>"Builders are busy and the market is likely to stay tight for some time, particularly the rental market on the back of commencement of the second bridge." </p>
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New bridge boost for Echuca residential rental market: HTW

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<p>Sales rates for medium sized irrigation properties at between $500,000 to $1.5 million around irrigation has had strong improvement in the Echuca region, according to Herron Todd White.</p>
<p>HTW said value levels appear to be edging higher for irrigation holdings and it will be interesting to see how this progresses under the current water resource position across the irrigation districts.</p>
<p>"An improved forecast for farm gate milk price may spurn some interest though it is likely that most producers will have work to do to regain ground lost in the 2016/17 season," HTW said.</p>
<p>A 7.1 acre property at <a href="https://www.realestate.com.au/property-house-vic-echuca-126115282" target="_blank">133 Pianta Road Echuca</a> is on the market for between $499,000 and $548,000.</p>
<p><span>The property features two lockable sheds, a work shop or tack shed and a 3/4 meg Dam, with 4meg of high-security water.</span></p>
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