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.

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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."

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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

Joel Robinson

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.

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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>.

[smartcode_project_cta:default project_id=151449]

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.

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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

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

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<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

First look: Ceerose doubles down in Leichhardt with adaptive reuse of former warehouse site

Riverina

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CBRE has sold 33,000ha of premium rural land fronting the Murrumbidgee River in NSW’s Southern Riverina region in an off-market transaction for the family of businessman Tim Roberts-Thomson.
The two NSW Southern Riverina stations sold in an off-market deal reportedly worth $60 million. 
Juanbung and Boyong stations span 33,000ha of grazing land, which has been used for backgrounding up to 10,000 cattle a year, and has 55km frontage to the Murrumbidgee River. 
It is also home to one of the largest privately owned River Red Gum forests in the world, and accommodates firewood business Juanbung Mill. 
Juanbung and Boyong stations also benefit from a 13,506ML supplementary water entitlement and incorporate the floodplain delta of the Lachlan River, referred to as Great Cumbung Swamp. 
The properties were reportedly bought by a local group. 
CBRE’s Danny Thomas and Aither’s Chris Olszak sold the properties via a walk-in-walk-out basis on behalf of Roberts-Thompson’s TRT Pastoral Group.
Roberts-Thompson advised the sale would allow TRT Pastoral to focus on building its King Island beef business, as well as its other mainland beef breeding operations.
It also owns an aggregation of five properties in North East Victoria, Howquadale Station, 
Boasting 55km frontage to the Murrumbidgee River, Juanbung and Boyong Stations have traditionally been used for backgrounding large numbers of cattle for nearby feedlots (up to 10,000 head per annum). 
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j.ballantyne1990-6AQqhLzZaK

Tim Roberts-Thompson sells 33,000ha in the Southern Riverina 

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Yarunga Station and Fontainebleau, a large scale mixed cropping and grazing operation situated in the Southern Riverina Region of New South Wales is now for sale.
CBRE Agribusiness agents Duncan McCulloch, James Beer and Danny Thomas have been appointed to handle the sale of Yarunga Station (844 ha) and Fontainebleau (931 ha) which operate as a single enterprise.
They comprise approximately 1,710 ha of arable land (96%), including 60 ha of laser leveled flood irrigation and 1,650 ha of dryland cropping and grazing.
“Yarunga Station and Fontainebleau are outstanding properties, well developed for both broad hectare and grazing enterprises given their high arable percentage and excellent livestock handling infrastructure,” Mr McCulloch said.
<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/2018/11/19/Fountain%202.jpg" alt="">
The aggregation is available for sale as a single holding or as two individual properties. 
Yarunga Station and Fontainebleau feature numerous structural improvements, including two dwellings and extensive rural infrastructure such as grain shedding, bunkers, silo storage, multiple hay sheds, storage sheds, workshop, cattle yards, shearing shed and yards.
In addition, Yarunga Station features a 16-pen feed pad, which is utilised as part of a heifer rearing enterprise.
Yarunga Station and Fontainebleau are being offered for sale via expressions of interest and are expected to receive strong interest from both local farmers and corporate investors, according to the agents.
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Yarunga Station and Fontainebleau are now on offer

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Bruce Gunning of Ray White Rural International, says Ballandry Station Farming Aggregation at Griffith, represents what could be one of the last “big ticket” buying opportunities for Riverina broadacre cropland.
With most of the large holdings now in either corporate or other institutional ownership, investors will have few chances in the future to secure agricultural holdings on the scale of Ballandry, he told The Land's Peter Austin.
Ballandry is a total land package of 27,735 hectares (68,535ac), comprising a cropping of 19,436ha and an irrigation development block of 8298ha.
Offers are due July 31, either as a whole or in two portions, along with 45,455 Murrumbidgee Irrigation delivery entitlements.
Set 24 kilometres north of Griffith, it has been listed by David Bartter, who is winding up his agricultural interests.
Bartter and his brother, Peter, previously owned and operated the huge Bartter Enterprises poultry business at Griffith, before selling that in 2009 to Baiada Poultry.
The property has been built up by the Bartter family over a period of 35 years.
It incorporates 17 individual properties, the largest being Ballandry Station of 5165 ha.
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Bartter family list Riverina aggregation Ballandry

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Blue Sky's cotton farm Gundaline Station has been sold for around $65 million.
The price has not been revealed, but in an announcement to the ASX on Friday, ASX-listed Blue Sky Alternatives Access Fund confirmed the price was "in line with the Alternatives Fund carrying value for the investment".
<div>
<div id="article-inline-ad">"We anticipate this investment will be completed in the third quarter of 2018, following FIRB approval and the completion of the current cotton harvest and ginning," BAF said</div>
<div> </div>
<div>The trouble fund manager held around a third of the rural asset.</div>
</div>
It was listed for sale late last spring through Kidder Williams.
The sale to an offshore European party was close to being finalised, The Australian first reported mid-last week, with contracts exchanged last week.
The asset sits within Blue Sky's Real Estate Assets division. 
The farm, at at Carrathool off the Sturt Highway, isn one of Australia’s largest irrigation properties.
Gundaline Station is located in the highly regarded Southern Riverina region of NSW. 
<div>
Dutch-based Optifarm, a fund backed by high net worth European investors, bought it from Blue Sky, the Dutch government pension fund ABP and Singapore-based asset manager Duxton.
Optifarm's acquisition of Gundaline Station followed its earlier purchases this month of Jemalong Station and Jemalong Citrus at Forbes in the NSW Central West region from the Kahlbetzer family's Twynam Agricultural Group.
</div>
Fronting the Murrumbidgee River in NSW, the 15,000 hectare Gundaline property suited to growing a combination of irrigated cotton, cereals/oilseeds/legumes and permanent crops such as almonds was last sold in 2014 to the institutional investor consortium.
Over the past four years, they have more than doubled the land area under irrigation, significantly expanded and improved the water storages and irrigation infrastructure, as well as upgrading the existing irrigation land. 
The property consists of more than 6,000 hectares of highly developed furrow irrigation (over 3,500 hectares of new development), with the balance comprising land suitable for development to permanent plantings and additional furrow irrigation, and grazing land. 
The holding benefits from significant water entitlements.
The Australian Financial Review indicated Optifarm's directors are listed as Jelle Rienk Elzinga, managing director of Dutch-based securities trader Optiver and Michael Wheeler, a finance manager at Australian agribusiness firm Landmark.
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Blue Sky offloads Gundaline Station in the Riverina 

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Tarramia, the NSW Riverina estate that was farmed by one of Melbourne's leading businessmen, Sir Clive McPherson, has been sold.
The Mulwala holding has been in the family for over six decades. The buyers are whispered to be Andrew Bouchier and his wife, Ann Marie.
As neighbouring properties were subdivided, McPherson, the prominent agriculturalist, began buying up during the interwar year the local farms, with Tarramia forming a significant part of his land holdings.
Macpherson sat on the board of the pastoral house, Younghusband Ltd, the National Bank, the Commonwealth Bank, Australian Wheat Board and the Royal Melbourne Hospital.
The McPhersons regularly entertained at the home. Guests included Prime Minister Robert Menzies and his wife, Dame Patty Menzies and the Governor General Sir William and Lady Slim and the Governor of Victoria Sir Dallas Brooks and Lady Brooks.
The local picnic races each year were the occasion for Sir Clive and Marion to entertain a large house party.
The near 2,000 hectare property was expected to sell for $10 million plus. 
<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/2018/3/28/mulwala%202.jpg" alt="">
Tarramia South comprises 601 hectares with the original lakeside three bedroom homestead.
Tarramia North spans 1,393 hectares. He died in 1958 having his daughter, the late Marion Orme Page retain the property. Her South Yarra estate sold for $33 million in 2016.
Matt Childs at Pat Rice &amp; Hawkins was marketing the property in conjunction with Elders Real Estate. Offers closed April 4.
Much of the infrastructure on the property, including the homestead and adjoining cottage, has been renewed in recent years, after being in the direct path of a tornado in 2013.
 
 
 
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Luxury Riverina estate Tarramia sells

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The 1870s Brucedale Chapel in the NSW Riverina has been listed for sale.
Over the years the property has been the venue for many weddings. 
It goes to <a href="https://www.realestate.com.au/property-house-nsw-brucedale-127668850" target="_blank">March 24 auction</a>.
The Brucedale Community Chapel was refurbished by the Oleary's in 1995 with the chapel being reconsecrated and blessed by Bishop Brennan in the same year.
Since this time the chapel has been open to weddings and christenings for all people of all denominations and orientations.
The lush green gardens are spotted with rose bushes, vine covered walkways and a multitude of coloured flowers.
"The cherry on top is a beautiful old bell that can be heard at the conclusion of any ceremony," the marketing says.
Dame Mary Gilmore, a noted Australian poet, attended church here as a child and was so inspired by the beauty and magic of the property that she wrote the following poem:
O neighbourly hands and neighbourly hearts,  How memory burns and the hot tear starts! For, shades in the moonlight, I see you pass Where the white of the frost is crimping the grass, And I hear you sing, when the nights are dark,  Where you set your course to an heavenly mark. O brave forerunners, who never sought fame,  How the church you loved must treasure each name!
The main house has a Tuscan exterior with its painted concrete walls and green gardens.
The French doors opening out to the front porch are over 100 years old, coming from the dividing wall at Mt Erin archives and have been cut and re-glassed to fit into the house.
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Riverina's Brucedale Chapel estate for auction

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One of Australia’s largest irrigation properties, Gundaline Station – located in the highly regarded Southern Riverina region of NSW – has been listed for sale.
Fronting the Murrumbidgee River in NSW, the 15,000 hectare rural property suited to growing a combination of irrigated cotton, cereals/oilseeds/legumes and permanent crops such as almonds was last sold in 2014 to an institutional investor consortium led by Southern Agricultural Resources.
Over the past three years, they have more than doubled the land area under irrigation, significantly expanded and improved the water storages and irrigation infrastructure, as well as upgrading the existing irrigation land. 
The property consists of more than 6,000 hectares of highly developed furrow irrigation (over 3,500 hectares of new development), with the balance comprising land suitable for development to permanent plantings and additional furrow irrigation, and grazing land. 
The holding benefits from significant water entitlements.
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Significant irrigation property Gundaline Station hits the market

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Two-time AFL North Melbourne premiership player Anthony Stevens has joined Elders Real Estate as a rural estate agent.
He played 279 games for North Melbourne in a 16-year career that included winning premierships in 1996 and 1999. 
He has been appointed as a real estate executive for Victoria and the Riverina region.
His first two listings are in Shepparton and Nagambie.
"I'm making a long-term commitment to my new career and hope to be doing this for the next 20 years or more," he told Fairfax Media.
"I'll look to build on my relationships in the footy world and the corporate world, but I don't expect things to just fall in my lap."
Stevens grew up on his parent's dairy farm near Waaia in rural Victoria and moved to Melbourne when he was 17 to play football.
He owns a 120-hectare cattle farm with his father near Benalla where he breeds Limousin, a French breed and Angus cows.
After retiring from football, he established regional events business Stride in 2007, based in Echuca and Bendigo and more recently he returned to the Kangaroos in a business development role.
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North Melbourne premiership player Anthony Stevens joins Elders Real Estate as a rural estate agent

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The total land value for the Riverina region has increased over the 12 month period to 1 July 2016 by 9.1% from $13.24 billion in 2015 to $14.44 billion in 2016, according to the latest report from the Valuer-General.
The Report on NSW Land Values at 1 July 2016 found that overall land values in the region showed a moderate increase.
Exceptions to this trend were the LGAs of Lockhart (18%), Griffith (13.1%), and Bland (18.1%) where land values increased strongly.
The former LGAs of Gundagai (1.6%) and Murrumbidgee (-1.3%) remained stable overall.
The largest increase in land values in the region was for rural properties, with an overall increase of 11.6%.
The LGAs of Bland (20%), Carrathool (19.7%) and Lockhart (19.5%) experienced the strongest increases.
There was a recent sale of the <a href="https://www.realestate.com.au/property-mixed+farming-nsw-carrathool-7844346" target="_blank">Carrathool farm</a>, Haylock and Katika at an undisclosed price.
Residential land values showed moderate increases overall, however there were strong increases in the Griffith LGA (18.1%), while Coolamon (7.4%) and Junee (7.4%) LGAs experienced moderate increases.
Land values in Murrumbidgee (-8.5%) decreased moderately as supply over the period exceeded demand.
Land values for commercial land increased moderately overall by 5.2%.
Temora (14.6%) and Gundagai (14.4%) LGAs showed the strongest increases due to strength in the local rural and tourism industries.
Industrial land values for the region have remained steady.
Exceptions to this trend were seen in Temora (10%) and Junee (8.1%), which both experienced moderate increases resulting from demand by industries supporting the rural sector.
There were also smaller increases of around 5% in Griffith and Cootamundra.
For more information including interactive online land value summaries for all LGAs and 14 regions covering the state go to <a href="https://www.valuergeneral.nsw.gov.au" target="_blank">www.valuergeneral.nsw.gov.au</a>.
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Riverina rural prices up 11.6%: NSW Valuer-General

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The NSW Southern Riverina farm, Hazeldean at Womboota has been listed by Elders.
It is 1246 hectares.
Agent Wayne Eeles at Elders Echuca.
The 2889 Perricoota Road property is 15 minutes from Echuca and Moama.
It land use includes grazing, cropping, irrigation with cereals, sheep and cattle given its rich red loam and sandy loam soils .
The property enjoys supply direct from Murray River Irrigation.
The homestead comes with generous 10 foot verandahs with a restored 60 square home. 
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