Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

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<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

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<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="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/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

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Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

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WM Residences fills gap in Mordialloc townhouse market

Gina Rinehart

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Gina Rinehart has expanded her beef production in New England, with the purchase of the historic Warrabah Station.
Set between Kingstown and Manilla, the acquisition takes Rinehart's New England properties to six including Glendon Park.
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<div>The properties include three Lyndhurst properties, totalling 3280 hectares, and two Kingstown properties which includes the 17,800-hectare Sundown Valley.</div>
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<div>"Ms Rinehart has moved into agricultural land purchases because she is passionate about beef production," David Larkin, Hancock Agriculture's CEO told Nine Entertainment.</div>
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"There are considerable players in the global meat export market. We are expanding our development into that market, and we have 23,000 Wagyu on the ground," he said.
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Ms Rinehart owns one of the world's biggest full-blood and pure-bled wagyu herds, with more than 8000 head.
The Wagyu are finished and processed in Australia, then delivered into mainly local and some overseas markets, including the Nobu restaurants in Australia and overseas.
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Fire surrounded the historic Warrabah Station earlier this year.
The drought has prompted the farm to downsized their herd to 400 head from 1400.
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Gina Rinehart buys Warrabah Station in New England

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

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Australia's largest landholder Gina Rinehart has reported a farming profit in the year following her acquisition of the S Kidman &amp; Co empire.
The company, called Australian Outback Beef, owns more than 8 million hectares of cattle grazing properties it purchased for $386.5 million by Australia's wealthiest woman Gina Rinehart and her Chinese business partner Cred Pastoral.
According to reports filed with the corporate regulator the company made a $6.2 million net profit in its first year of operation.
It paid $7.5 million in taxes, according to Fairfax Media.
The financial report also records assets at $418 million in assets with only $29 million in liabilities
Hancock Prospecting owns 67 per cent of the former S Kidman and Co with partner Shanghai CRED having the remaining holding.
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Gina Rinehart reports S Kidman & Co profit

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Australia's richest woman Gina Rinehart has listed two redundant residential investment properties overlooking the Swan River in Perth.
The two Crawley apartments, on Wingfield Avenue, have been in family ownership for over two decades.
One had been the <a href="https://www.realestate.com.au/property-apartment-wa-crawley-127233522" target="_blank">Perth base for her daughter</a> Ginia, who now resides in a $14.8 million Bondi Beach apartment.
The other offering is the <a href="https://www.realestate.com.au/property-apartment-wa-crawley-127233526" target="_blank">two level penthouse</a> (above and below).
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Brent Morfesse at Mack Hall Real Estate is marketing the apartments which come with views over Matilda Bay. 
Rinehart will still own two of the seven apartments on the dress circle location.
This article was first published in the Weekend Australian property section.
 
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Gine Rinehart lists two Perth apartments

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Gina Rinehart's Hancock Prospecting has added another Northern Territory cattle station.
The 171,000 hectare Willeroo Station comes with around 20,000 head of Brahman cattle.
It adjoins Aroona Station, which was bought by Hancock Prospecting in March.
Great Giant Livestock (GGL), one of Indonesia's largest feedlot operators, sold the property.
Rinehart said she was interested in Willeroo Station because "we believe we can add improvements and value to the station, where we will copy what we have introduced successfully on our other Hancock stations, and are currently rolling out across Kidman properties also".
"Willeroo will well complement our existing investments in the north," she said.
"It is adjacent to Aroona Station which we acquired earlier this year allowing us to operate the two stations as a combined unit.
"Also being near to the Phoenix Park export depot it will assist part of the wet season growing program for Riveren and Inverway as well as help to provide better market timing opportunities for some of Hancock Beef's Kimberley cattle stations."
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Hancock Mining buys another NT cattle station

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Australia's richest woman, Hancock Prospecting chief Gina Rinehart, is looking to sell off another Brisbane property.
This one is the <a href="https://www.realestate.com.au/property-house-qld-east+brisbane-126126874" target="_blank">Laidlaw Parade compound</a> (above and below) that cost over $7 million combined.
Rinehart, worth an estimated $13 billion, paid $4.95 million for the home on 570 sqm in 2008 before buying the adjoining 670 sqm a year later for $2.19 million.
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The contemporary home has five bedrooms, four bathrooms and a number of entertaining decks that have panoramic views over the Brisbane River. 
McGrath New Farm agent Henry Hodge is marketing the home.  
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It's the second listing within a year for Rinehart who put her Chelmer investment up for sale late last year.
The four bedroom home that cost $3,175,000 in 2010 failed to sell so it was put up for lease at $1,500 a week.
Rinehart broke the Brisbane residential price record in 2014 when she paid $14 million for a home on a 3,400 sqm Aaron Avenue waterfront plot. She also bought the adjoining 600 sqm parcel shortly after for $4 million. Last year there were plans lodged to upgrade the master bedroom and the boathouse.
The record stood for three years before it was set earlier this year when a Kangaroo Point home sold for $18.48 million.
 
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Gina Rinehart lists another Brisbane property

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Australia's richest woman, Hancock Prospecting boss Gina Rinehart, has taken to renting her redundant Brisbane riverfront property while it remains on the market.
It's listed with a reduced $1,500 a week asking rental. It last rented for $2,000 a week in 2012.
Rinehart, who has an estimated wealth of over $13 billion, listed the home late last year. It cost her $3,175,000 in 2010.
The company owns 12 properties across the country, including the $18 million Hawthorne compound that set the Brisbane record in 2014.
The home is listed through Place Graceville agent Peter May and Brad Robson and is for lease through the same agency. 
The two level, four bedroom home on a 1,315 sqm parcel is surrounded by tropical gardens.
The open plan lounge and dining areas are banked by walls of glass which connect with the poolside terrace, which leads to a separate guest retreat with its own private courtyard and river views.
This article first appeared in the Weekend Australian Mansion Australia section. 
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Gina Rinehart rents out Brisbane riverfront

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The sale of Australian agricultural land, including cattle stations, hobby and commercial farms hit $16.79 billion in the year to August.
The Federal Treasurer Scott Morrison has now approved another big sale - the Kidman cattle empire for around $380 million to the syndicate of mining magnate Gina Rinehart and a Chinese company.
The sales process too around 20 months.
"I have decided that the acquisition of Kidman as proposed would not be contrary to the national interest and will be permitted to proceed," his statement advised.
It is the third attempt by Chinese interests to buy into Australia's largest private landholder with Mrs Rinehart's Hancock Prospecting to own 67 per cent of S Kidman and Co with partner Shanghai CRED .
Their joint-venture company Australian Outback Beef (AOB) acquistion will not include the defence-sensitive Anna Creek Station or The Peake which will be sold to a local South Australian grazier family.
The 117-year-old family company, founded by Sir Sidney Kidman, has pastoral leases covering 101,000 square kilometres across Western Australia, the Northern Territory, Queensland and South Australia.
In a video released by Hancock Prospecting, Mrs Rinehart said it was an "exciting day" as she had long wanted to diversify.
"Right now all our eggs are in the iron ore basket," <a href="https://www.youtube.com/watch?v=IfXPaWdDLOk" target="_blank">she said</a>.
"Now to become the third largest producer of cattle in Australia I think it's just great.
"I see an ongoing need for meat particularly in the Asina region and most of our cattle from Australia, three quarters, we export.
"And of course the value of the land over decades is going to keep increasing and increasing."
Hancock Prospecting CEO Gary Korte said the herd size will be increased from the current 150,000 head to its full carrying capacity of 185,000.
Agricultural property sales in NSW totalled $8.2 billion over the period, an increase of 3.8 per cent according to the Landmark Harcourts' quarterly Benchmark Report with some 12,519 agricultural property sales.
One of the biggest deals included the Deltroit Station in the Gundagai district of NSW when MH Premium Farms, the Australian agricultural operation of global fund manager Sir Michael Hintze, bought the 2573 hectare holding.
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In Victoria the total value of agricultural property sales came in at $3.7 billion over the year, down 13.3 per cent on the total value of sales achieved in the 12 months to August last year.
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<div>In Queensland, agricultural property sales totalled $1.7 billion over the year with lower volumes, though the value of sales was 3 per cent higher than the prior year.</div>
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Queensland has has spring sales including cattleman Peter Hughes buying Tumbar station south of Jericho in central Queensland for about $57 million. In SA, the total value of agricultural sales was $964 million over the 12 months to August 2016, 14.5 per cent higher than the 12 months to August. 
In WA, the total value of the agricultural sales was $1.7 billion, 2.9 per cent  above the previous year.
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In Tasmania, agricultural property sales totalled $526 million over the year, 9.5 per cent lower than the previous year.
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jchancellor-FAypfDUnLy

Gina Rinehart secures Kidman cattle empire for $380 million

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Australia’s richest woman Gina Rinehart didn't get to offload her redundant Brisbane riverfront property.
The 61 Sutton St, Chelmer home had been listed with Place Graceville agent Peter May for weekend auction.
The advertisement for the two level luxury four-bedroom home now states it is for sale, with no disclosed asking price.
Set 7km to the CBD, the architecturally designed home has floor to ceiling glass.
Ms Rinehart’s Wingfield Avenue Pty Ltd bought the property in March 2010 for $3.175 million. It’s previously been rented out for $2000 per week in 2012.
Rinehart spent a record setting Brisbane price elsewhere on the river.
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Gina Rinehart's Chelmer listing still for sale

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Australia’s richest woman Gina Rinehart is offloading her redundant Brisbane riverfront property.
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The 61 Sutton St, Chelmer home is on the market with Place Graceville agent Peter May for auction on November 19.
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The advertisement for the two level luxury four-bedroom home states “this landmark residence presents an envious lifestyle in one of Brisbane’s most prestigious enclaves, just 7km to the CBD”.
“Architecturally designed to maximise the location, floor to ceiling glass permits an abundance of natural light into the spacious open layout across two levels.
"This design feature affords enjoyment of the stunning river views from nearly every angle of the home.”
Ms Rinehart’s Wingfield Avenue Pty Ltd bought the property in March 2010 for $3.175 million. It’s previously been rented out for $2000 per week in 2012.
Rinehart spent a record setting Brisbane price elsewhere on the river.
 
 
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