For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

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<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

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Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

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Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

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Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

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Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Farming

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GUEST OBSERVER
The Australian government’s intervention in the dairy crisis by offering concessional loans to struggling farmers has prompted suggestions that other types of regulation - such as a dairy floor price - might be needed.
The dairy industry was deregulated more than a decade ago; perhaps it’s time Australia looked to other countries for models to fix the system.
The current situation facing the Australian dairy industry is the same the world over. The European Union and the United States come to mind, as milk supply outweighs demand. But they provide assistance to their dairy farmers through subsidies or other support that helps to keep them viable.
Canada does not compete internationally in the dairy sector as it maintains a supply management system introduced in the early 1970s. Dairy is not subsidised, as government provides no support, and the price paid to farmers is negotiated among stakeholders.
When I explained this Canadian supply management model to Victoria dairy farmers, as part of my research earlier this year, they rejected the idea. However the current situation may cause some of them to reconsider this position.
While the Canadian model works for Canadian farmers, a supply managed system would be more difficult for those in Australia given that about 40% of Victorian dairy is exported and exports don’t happen with supply management. But Australia’s share of the global market is decreasing over time, despite the best efforts of Australian dairy organisations and farmers, and the number of farms continues to decline. Perhaps Australia will end up with a system resembling a supply managed one through market mechanisms.
I interviewed a total of 45 farmers and dairy stakeholders in Australia during February and March of this year, nearly half in Queensland and the remainder in Victoria and Tasmania. I was interested in how the Australian dairy model works, especially as it is cited by the business press in Canada as one that we should adopt given their dislike of Canada’s regulated system.
What is the supply management model? Briefly, it matches domestic demand with domestic supply and exports are non-existent. The system is based on quotas - for example a kilogram of milk solid costs C$25,000 in the province of Ontario where I live, and it represents about one cow’s worth of production. Producers need at least 50kg of milk solids to run a decently remunerative operation.
Stakeholders representing producers, consumers, processors, the restaurant association and others meet annually to determine price, not government. Included in this is a profit guarantee for farmers that allows them to make long-term decisions and maintain a middle class lifestyle while milking on average about 70 cows. It also means they are immune to this latest global crisis, and to future ones.
And if supermarkets decide to use milk as a loss leader, it is the deep-pocketed supermarket that takes the hit, not the farmer. The price paid to the latter is guaranteed by negotiation, which creates stability.
Clearly, this is not how it operates in Australia where the supermarkets, according to one Queensland dairy producer, “must bruise the farmers to give them a loss leader.” Nor is the price consumers pay for milk in Ontario out of line with that charged by Coles and Woolworths, the real regulators of Australian dairy. Southern Ontarians pay the equivalent of the infamous A$1.00 per litre – A$4.00 for Canada’s four litre container, and have done so for years.
I found in my research that Victoria’s dairy farmers are in favour of privatisation and deregulation. They talked a lot about efficiency and how they are among the world’s more efficient farmers, and Canadians must surely not be, given their system.
Perhaps this is true if efficiency is measured by getting the greatest amount of milk for the least input. But Australian dairy farmers fall behind by other parameters.
Ontario dairy farmers, for example, employ robotic technology at a much greater rate than their Victorian counterparts. New dairy barns are being put up all over the province and a majority of them install robots to do their milking. Ontario now has hundreds of farms using milking robots.
The situation in Victoria could well come to that of New Zealand’s, where cows may be culled and the survivor’s rations severely cut back, as farmers are unable to feed supplements in such an adverse economic climate.
In an interview, as part of my research, one New Zealand dairy farmer told me he was into “starvation mode” for his cows because of cost. He was feeding them with grass only and when that ran out, there was nothing else. He was certainly running an efficient farm, but at a significant cost to his own mental health and to that of his cows’ wellbeing and ability to provide milk.
One Victorian farmer told me that even before the announcement of cuts to the milk solids price, he and his colleagues “farmed at the margins". When prices are robust, so are farmer’s livelihoods, but when they collapse, as they always do in a commodity situation, so do their livelihoods.
This results in another vicious cycle of dairy farmers quitting the industry which leads to further instability. As another interviewee told me, following the cut:
“We will wait and see and hang on for dear life.”
Might the future of Victorian dairy be Queensland, where farmers suffered much of what their Victoria counterparts are now experiencing more than a decade ago after deregulation, and dairy is now a niche industry?
As one Queensland interviewee emphatically instructed me about Canada’s model:
“Don’t give away [the] regulated system!”
Now is the time for Victoria to consider the advice of this farmer and introduce more regulation.
Bruce Muirhead is professor of History and the associate vice president, External Research , University of Waterloo and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/bruce-muirhead-269512" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

Time to get regulation back into Australian dairy?

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The Central Queensland wet season has now concluded and most areas have received at least average rainfall for this period, however some patchy dry areas remain, particularly in the Central West.
 
After some good March rainfall, most graziers from the Central Highlands to the coast are entering the winter months with a fair body of feed.
 
Transactional activity continues at a steady pace with a number of sales across all market spectrums, according to valuer Herron Todd White's latest rural report.
 
Some offerings have been passed in at auction or alternatively withdrawn from sale as a result of firming vendor expectations.
 
Albinia which comprises a 19,177 hectare scrub and forest grazing property located 180 kilometres north-west of Clermont was offered at auction during March. The property was well contested but was passed in and reportedly sold soon after for $11.5 million.
 
The property last sold in October 2009 for $11.75 million on a walk in, walk out basis. Allowing for the inclusions in the previous sale, it indicates an increase on the 2009 sale in the order of 12 percent.  
 
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po-LsXgBTHBmX

Central Queensland farm secures 12 percent price growth: HTW

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Not all of Australia’s major banks have fully recognised the impact of dairy crisis on clients.
Announcing short-term relief measures for farmers, the ANZ led the announcements last week with its “dairy relief package.”
Their response followed pressure from the state and federal politicians to support the industry, following cuts to the farm gate price of milk paid by Murray Goulburn and Fonterra.
ANZ’s dairy clients can apply for a three-month suspension of loan repayments, waived loan restructuring fees, adjustments to lending limits on credit cards and early access to term deposits.
ANZ would not, however, commit to a request from Victorian Agriculture Minister Jaala Pulford, to suspend all foreclosures on dairy farmers, until an ASIC investigation is complete.
“I think it’s just too early to contemplate that,” Mr Bennett said.
The ABC was told Westpac, NAB, Commbank, Rabobank would work on ‘case-by-case’ basis.
Westpac said it would not foreclose on any dairy farmers “over the next few months”.
Westpac will not match ANZ’s relief package.
National Australia Bank, Commonwealth Bank and Rabobank repeated assurances they too were discussing the situation with clients. 
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ANZ leads on dairy crisis relief package

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Research from Commonwealth Bank shows that Australian farmers continue to seek the wisdom of their parents when learning how to run their farm businesses, even as the sector becomes more complex and globalised.
The research, part of Commonwealth Bank’s bi-annual Agri Insights survey, finds 70 percent of Australian farmers first learned about managing an agribusiness from their parents.
Geoff Wearne, Executive General Manager Regional and Agribusiness Banking, Commonwealth Bank, says the survey results reflect the unique generational structure of the industry and highlight the value that experienced farmers bring to the sector.
“The handing down of farm business knowledge remains critical to Australia’s agribusiness sector,” Geoff said.
“This intergenerational link is very strong and is a trait not seen to this extent across other business sectors. Our research has shown that parents are key first teachers of farm business across all states and commodity types.”
When asked about the agribusiness topics they see as most complicated to understand 41 per cent of survey respondents said risk management, while 22 per cent said financial markets and 15 per cent referred to e-commerce.
“Managing risk is a crucial part of agribusiness, but there are so many variables to consider. Strategies around foreign exchange risk, interest rate risk and commodity price risk can be very complex to understand,” Geoff said.
“Many farmers see the value in developing a deeper understanding of these topics because they can have a direct impact on their profitability and sustainability.”
When it comes to essential financial management skills, the research shows farmers have their eyes on the bottom line, with budgeting and cash flow management among the most important financial skills identified.
“Farmers recognise that setting budgets and managing cash flow is a vital part of successful business and the foundation on which more sophisticated business management strategies need to be built,” Geoff said.
Overall, 48 per cent of surveyed farmers say budgeting is important, while 41 per cent say cash flow management is important. Other essential financial management skills identified by survey respondents include strategic planning, risk management and understanding all aspects of technology.
The latest survey shows farmers continue to have positive intentions around plant and equipment, fixed infrastructure and technology. Cotton, beef, sugar and dairy producers are the most likely to be planning to scale up their operations in the next 12 months.
“There is a continuing trend to increase investment not only in farm essentials like infrastructure but in innovation and updating technology. It is a very encouraging signal that the Australian agribusiness sector continues to focus on driving efficiencies in their businesses to capitalise on market conditions in their sector,” Geoff said.
 
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jonathanchancellor-7SQnKwU6yx

Complex farming advice best given by parents: Commonwealth Bank

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GUEST OBSERVER
Once upon a time, chicken was a luxury few could regularly afford. It was a rare meal reserved for special occasions.
Yet since 1965 the per-capita annual consumption of chicken meat in Australia has increased ten-fold from 4.6 kilograms per person in 1965 to 44.6 kilograms in 2012.
The retail price of chicken per kilogram has decreased steadily in real terms from around A$9.67 in 1986 to A$5.67 in 2009. The arrival of Kentucky Fried Chicken in Australia in 1968 coincided with rapid increases in consumption. Today, Australians consume more than 600 million chickens per year.
The vast majority is produced in intensive “broiler” farms. How does chicken production and consumption on such a scale affect the foodbowls on the outskirts of our cities?
Intensive chicken farms need to be within about one hour of processing sites. Farms also need to be close to feed supplies and hatcheries, as they are run as highly integrated systems.
Partly because of this, the chicken meat industry in Victoria is concentrated within about 200 kilometres of Melbourne. Similar patterns occur in other Australian regions.
As the industry has sought efficiencies of scale, the size of farms has increased. Whereas farms of the 1970s might have housed 10,000 chickens, they now routinely hold 80,000 to more than one million chickens, producing five batches of chickens per year. Yet as producers have grown, the numbers of suitable urban fringe spaces – close enough to processing plants, but far enough from neighbours and sensitive land uses – are dwindling.
One reason is the growth in popularity of peri-urban areas to live in. “Counter-urbanisation” or “tree-changing” has been underway since the 1970s. Whether in Germany, the US or the Netherlands, it seems rural and peri-urban residents have little desire to live near a “monster chicken factory”.
In a recent paper we analysed 59 planning appeals related to broiler farms in Victoria between 1969 and 2013. Concerns about the farms have included odour, noise, dust, vermin, truck traffic, impacts on tourism, and water use and pollution.
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Broiler farm planning disputes appear to channel more intractable issues than odour control. It is possible that, on some level, having one million chickens not smell is unsettling in its own way.
As more chicken meat is produced, and in ever more technologically intensive ways, conflicts over farm applications inevitably unlock community disquiet about factory farming. The allowable forum for legitimate opposition, however, is narrow.
Intensive farming is often simply inconsistent with community expectations. The “unknowns” of industrialised agriculture are normally hidden from view in bucolic images on food packaging, and in the marketing of rural real estate as a “lifestyle” choice. Responses to the reality of broiler proposals – however technically well planned – sometimes seem rooted in the loss of this comforting, romanticised view.
In Victoria, the solution has been to regulate away the noise, smell and dust of a farm, mandate separation distances and even set aside areas with clear “rights to farm” and those with rights to “the good life”. The recent announcement of an inquiry in Victoria into the industry has a strong focus on resolving conflicts through siting and separation.
Yet the use of such an approach in Victoria has raised concerns about creating “sterilised” regions where no uses but industrial farms are permitted. Opponents to industrial farms also express concerns that proponents exploit loopholes and that a codified buffer distance privileges intensive farms rather than resolving conflicting land use issues.
On the other hand, less control arguably generates more conflict, as in parts of Canada and Texas. There, industrial, corporate-run farming operations dominate vast, generally lower socioeconomic areas. But as farms expand, divisive neighbourhood battles are still fought out.
Our research indicates that the use of buffer spaces around farms, guidelines and rights can achieve only so much. Despite the presence of clear guidelines, a recent proposal for a 1.2 million-bird farm in Baringhup, near Castlemaine, has led to more than two years of planning dispute and may result in Supreme Court action.
Conflicts between opponents and proponents of intensive farming will continue in rural areas. Fanning the flames is the growing demand for low-priced chicken (and an ongoing chicken nugget price “war”).
Local governments and decision-makers in Australia remain under-resourced to deal with opposition to the increasing scale of broiler farms. By advocating for a new understanding of what a rural and an urban area “means”, planning is at the coal face for negotiating politically acceptable outcomes to such conflicts. Yet a look at the images used to market farm products reveals what an uphill struggle this is.
 
Elizabeth Taylor is vice chancellor's Post-Doctoral Research Fellow, RMIT University and can be contacted <a href="https://theconversation.com/profiles/elizabeth-taylor-97922" target="_blank">here</a>.
Andrew Butt is senior lecturer in Community Planning and Development, La Trobe University and can be contacted <a href="https://theconversation.com/profiles/andrew-butt-229215" target="_blank">here</a>.
Marco Amati is associate professor of International Planning, Centre for Urban Research, RMIT University and can be contacted <a href="https://theconversation.com/profiles/marco-amati-209638" target="_blank">here</a>.
All are authors for The Conversation
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Done like a chicken dinner: city fringes locked in battles over broiler farms

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The Doughboy Mountain cattle farm in the New England district has been listed by Salter family for November 20 auction.
The farm is redundant to the Angus breeding business started by Salmat marketing company co-founder, Phil Salter in 2007 when Towal Creek Station on the Macleay River on the mid-north coast was bought. 
Consisting of 1,350 hectares between Armidale and Ebor, <a href="https://landmarkharcourts.com.au/Property/628384/LBT2973/2224-Wongwibinda-Road" target="_blank">Doughboy Mountain</a> runs pasture fed quality black Angus with carefully chosen genetics.
With lush paddocks on the Wongwibinda road, Landmark Harcourts Boulton Walcha agent Bruce Rutherford says its an opportunity to purchase the highly regarded property at a time when analysts predict increasing pressure on world food reserves and much higher returns in agriculture.
The farm was bought in 2010 at $6.9 million from the Wright family.
This article was first published in the Sunday Telegraph. 
 
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Doughboy Mountain listed by Salter black angus breeders

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GUEST OBSERVER
You don’t need a crystal ball to know Australia’s rural industries will face significant change at global, national and local levels over the coming decades. This will create opportunities and challenges for small and large farms, and will affect rural lifestyles, agricultural landscapes and Australia’s society and economy.
In a new report, we describe this future through a series of interlinked “megatrends” set to hit Australia over the coming 20 years. As we describe below, each prompts some serious questions (or “conversation-starters”, as we have termed them) for Australian farmers. We don’t yet know the answers, but we do know they will be crucial for how the industry fares in the future.
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<h2>The world will get hungrier</h2>
We know that the world is going to require more food as populations grow – about 70% more by 2050, according to the United Nations. This will come primarily from increasing yields, along with some expansion of agricultural land.
The target is achievable but should not be taken for granted. There are competing uses of land for biofuels and urbanisation; in some places land is degrading; and we don’t have good predictions yet of the effect of climate change on agriculture. As a significant exporter of food, Australia has a vital role to play in supplying world food markets and buffering supply shocks.
We are well positioned — both in terms of geography and comparative advantage — to supply overseas markets. And while Australia can’t hope to feed Asia or the world, with astute R&amp;D investment it can increase production and exports. How well we step up to that challenge depends largely on our ability to maintain a price competitive position and continue to improve yields. So the key questions are:
Will farms be able to scale up production and performance to meet this challenge?
What is a sensible investment in innovation, and how should it be funded?
<h2>The world will get wealthier</h2>
Some 1.02 billion people will move out of poverty and into the middle classes in the developing Asia region alone by 2040. Along with wealth comes the ability to diversify food choices – wealthier households will consume more meat, dairy and vegetable oils.
This presents an opportunity for Australian rural industries to identify new food types and connect to new markets. A diversified rural export base is likely to be more resilient to supply-and-demand shocks in markets.
Is Australia better off focusing on commodity markets that have provided solid export earnings, or should it be working hard to respond to the demand for a more diverse range of boutique, luxury and niche food and fibre goods?
Does Australia have the infrastructure and the persistence to get a wider range of desirable agricultural products into Asian markets competitively?
<h2>Customers will get pickier</h2>
The consumer of the future will be increasingly able and motivated to choose food and fibre products with certain characteristics. This has impacts both within and beyond the farm gate. Information technology will increasingly enable the consumer to access, share and validate information about products along the whole supply chain from farm to fork.
Health is likely to become a particularly prominent driver of food choice and consumption patterns – be that from a desire for food safety or to help prevent chronic disease. Many people’s lives are being cut short by poor diets, and at current trajectories government budgets could become crippled by unsustainable growth in healthcare expenditure.
The issues of environment, provenance and ethics will also play a vital role. The consumer of the future will have greater expectations for these qualities in the food and fibre products they choose to buy. Consumers will be “information-empowered” and rural industries stand to gain or lose market share based on this increase in consumers' knowledge.
In the face of soaring diet-related health costs, will governments increase control of the components of food and diets?
How does agriculture in Australia build and safeguard its clean, green reputation?
<h2>Technologies will transform farm life</h2>
Advances in digital technology, genetics and materials science will change the way food and fibre products are created and transported.
Many plant productivity breakthroughs will be from gene technology. Big data systems and digital technologies will bring better risk-management approaches to Australian agriculture; weather and yields will be much more predictable and farmers will have sophisticated tools to assist with decision making.
Knowledge about land use and framing practices will increasingly move into the public domain as remote monitoring, be it from drones or satellites, makes available new data in a highly interconnected world. Business and capital models will change with the introduction of “disruptive” technologies such as peer-to-peer lending.
Will market perceptions hold back Australian agriculture by restricting access to advanced technologies being used by our major competitors?
How will farmers manage a higher level of scrutiny of their operations?
<h2>The rollercoaster of risks will get bumpier</h2>
Risk is an ever-present characteristic of Australian agriculture. However, the coming decades will see changes in the global climate, environmental systems and the world economy which will create new and potentially deeper risks for farmers.
Australian agriculture has shown a strong capacity to adapt and respond to risks in the past. But as trade globalises and we rely more on imported inputs such as fertiliser and fuel, the risk of supply chain shocks increases.
More international trade and passenger travel brings greater biosecurity risks. Climate change impacts are not well understood, and the need to cut greenhouse gas emissions will set up competing land uses for both biofuels and carbon storage.
Do we understand the likely implications of a global price on carbon of US$50-100 per tonne?
Is the agriculture sector at risk of complacency and underinvestment when it comes to risk management?
Overall, there is a bright future for Australian agriculture, laden with deep and diverse opportunity. The future outlined above will be a challenge for some producers and industries but an opportunity for others. The effectiveness with which Australian agriculture captures these opportunities and avoids the risks will largely come down to innovation.
Through centuries past, repeated innovation has allowed Australian farmers to expand into new land areas, develop water resources and increase crop and pasture yields. As we look to the decades ahead, innovation becomes ever more important. In a world of exponential growth in both technology and global trade, it’s about working smarter, not just harder.
Sandra Eady is principal research scientist CSIRO Agriculture and can be contacted <a href="https://theconversation.com/profiles/sandra-eady-184881" target="_blank">here</a>. Stefan Hajkowicz is leader, CSIRO Futures and can be contacted <a href="https://theconversation.com/profiles/stefan-hajkowicz-13173" target="_blank">here</a>.
Both are authors for The Conversation. 
 
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Five future challenges for Australian agriculture

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Australian governments must give farmers more rights when mining companies are negotiating access to potential gas or coal reserves on their property, the Human Rights Commissioner Tim Wilson has urged.
Laws currently did not help the impasse by licensing mining companies to gain access to a farmer's property.
"It is not done on the basis of consent or respect for the farmer. And that's when you get conflict and I would argue, a human rights violation," Mr Wilson said in a published speech to be delivered today to the Castan Centre for Human Rights law conference at Monash University.
"But it's important to focus on the cause of the problem," the Australian Financial Review reported ahead of the speech.
"Many people will see a mining company trampling on the rights of the farmer. But the issue is not the miner. The miner is only doing what the law allows them to do.
"The issue is the law and whether it properly respects the surface property rights of the farmer. Only government can legally facilitate this violation and absent the necessary respect for rights."
Mr Wilson said most of the opposition to coal seam gas was "nonsensical and absurd" but human rights abuses did occur. He said property rights were often the forgotten human right.
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