Fresh off completing Pienza Neutral Bay, developer <a href="https://www.apartments.com.au/developers/central-element">Central Element</a> is preparing its next move in the coveted Lower North Shore suburb.&nbsp;

Central Element (CE) has lodged plans for an eight-storey apartment building at <a href="https://www.apartments.com.au/new-apartments/54-64-barry-street-neutral-bay-nsw-2089">54–64 Barry Street</a>, a 1,659 sqm site just south of Military Road and the Neutral Bay town centre.

The $52 million development will involve the demolition of four detached homes across four lots to deliver 45 apartments, including eight affordable housing units to be managed by Bridge Housing. The mix will comprise six one-bedroom apartments, 24 two-beds, and 15 three-beds. The apartments will sit above three basement levels with 62 car parking spaces and 50 bicycle spaces.

<a href="https://www.apartments.com.au/architects/mhn-design-union">MHN Design Union</a> (MHNDU) has returned as architect following its work on Pienza, again shaping a mid-rise form with a clear street presence. The design features a lower four-storey podium element that responds to surrounding context, with upper levels recessed to reduce perceived bulk. Communal open space is proposed both at ground level and on the rooftop, the latter including an outdoor kitchen and swimming pool.

“The building has been designed with a lower four-storey element and with building materials commensurate with the character of the area,” Beam Planning noted in its submission to the North Sydney Council.

<img alt="Barry Street, Neutral Bay Nsw 2089" data-entity-type="file" data-entity-uuid="3a28ab3a-b8ba-4476-81cd-e4a8bb84f3a7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Barry-Street-Neutral-Bay-1327x742.png?VersionId=hlgvxszAWXIHgHtdR5HiwIKiSli2lLZV" />

Bridge Housing will manage the affordable units for a period of 15 years, as required under the Housing SEPP’s incentive provisions.

MHNDU’s design report further highlights the site's strategic location just 250 metres from key bus stops and 1.3 kilometres from North Sydney CBD, positioning it for transit-accessible housing supply. In their planning justification, the design team emphasised the site’s compatibility with emerging local character and scale.

Central Element has a solid apartment pipeline spread all over Sydney. They recently completed&nbsp;Pienza, 37 apartments just 500 metres away from the new project, and are currently building Ethos Chatswood, Ballamac House in Coogee, and Bianca on the harbour in Drummoyne.

They have plans for future projects in Mosman, Bondi Beach, Greenwich, Lavender Bay, along with a tower on the edge of Hyde Park.

Joel Robinson

First look: Central Element unveils second Neutral Bay apartment project

Real estate investment fund Wentworth Wentworth Equities is soon to launch a "Los Angeles-inspired" residential, leisure and lifestyle precinct in Brisbane’s Hamilton riverside ahead of the predicted Olympic-led population explosion for the city.

Drawing its style inspiration and name from Los Angeles’ renowned The Grove, <a href="https://www.apartments.com.au/new-apartments/hamilton-grove-19-hercules-street-hamilton-qld-4007">Hamilton Grove</a> will feature three residential towers and a vibrant street-level public precinct with curated luxury lifestyle, retail and dining offerings.

The first of the three towers, to launch in March 2026, will comprise 61 apartments, in the same building as a premium hotel.<img alt="Hamilton Grove" data-entity-type="file" data-entity-uuid="d227fe61-8392-45b7-b386-9133f29a249f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-19%20at%209.10.56%E2%80%AFAM.png?VersionId=HTCV35HZ4h84jQCmHwhsdIPN0ctO5d7Z" />

Wentworth Equities Executive Chairman Sameh Ibrahim said the precinct will be unique in its appeal to both residents and the wider community.

“Hamilton is already one of Brisbane’s most sought-after riverside suburbs and for good reason,” Ibrahim said.

“Where else in the world can you walk out of your front door and have everything you could possibly need at your fingertips? The city is just around the corner, the airport is only ten minutes away, you have the river and green spaces right there and premium retail and dining on your doorstep."

Wentworth Equities acquired the 7637 sqm Hercules St site in 2014, when Ibrahim said he had a "very clear vision" for the precinct, but ultimately it wasn't the right time to develop. He said Hamilton was still very much an "emerging precinct."

“Since then, Hamilton and surrounding suburbs like Ascot and Albion have significantly grown and matured into a precinct that aligns with our vision for Hamilton Grove. Brisbane as a whole has so much to offer in the way of lifestyle appeal, but as it stands it is so widespread – you go to Howard Smith Wharves for fine dining, you go to James Street for shopping, you go to West End to walk along the river – but what if you could go to Hamilton Grove for everything?

“Our vision is a precinct that brings together the best of Brisbane into one central space abundant with culture, class and culinary experience – a place that a lucky few will get to call home, but the rest of Brisbane still get to explore and experience at their leisure.”

<img alt="Hamilton Grove" data-entity-type="file" data-entity-uuid="46550990-8aeb-44d4-bb47-150cdca96529" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-19%20at%209.10.50%E2%80%AFAM.png?VersionId=bmCkApPKY_Bj3z02Q8vI7Kyo_caJXOnv" />

Experienced civil engineering contractor Mainland Civil has been appointed to commence early works for the project, adding Hamilton Grove to their extensive portfolio where it will join other iconic Brisbane developments including Queens Wharf, 300 George Street, Infinity Tower and 1 William Street.

Construction on Tower One is scheduled to commence in early 2026 with completion expected in late 2028.

Fast Facts 
 
• Three residential towers and a vibrant street-level public precinct with curated luxury lifestyle, retail and dining offerings. 
• Construction on Tower One is expected to commence in Quarter One 2026, with completion expected in late 2028. 
• 7,637 square metre site at 19 Hercules St, Hamilton (part of Economic Development Queensland’s 304 hectare Northshore Hamilton Priority Development Area). 
• 61 waterfront residences and skyhomes in the first tower, ranging from two to five bedrooms. 
• Hamiton Grove will be officially launched in March 2026.

"LA-inspired" Hamilton Grove to launch on Brisbane riverside

There’s a quiet patch of <a href="https://www.apartments.com.au/developments/hawthorn-vic-3122">Hawthorn</a>, between the bustle of Glenferrie Road and the curve of the Yarra, that rarely sees change, and even more rarely, new apartments. But that’s exactly where <a href="https://www.apartments.com.au/developers/pomeroy-pacific-quattro-corp">PQD</a> is planting Kooyongkoot: a deliberate, 18-residence answer to the question of what downsizers actually want.

“This is something this pocket of Hawthorn has never seen before,” says Fil Gacesa, head of sales at PQD. “<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a> will deliver just 18 large-scale apartments in the heart of Hawthorn. It is the true definition of resort-style living.”

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/59D7VxzltmM?si=1iCzRD7FRneKryfv" title="YouTube video player" width="560"></iframe>

That scale is central to the story. It’s what allows for two dedicated lift cores, short corridors, and a generous lightcourt that draws natural ventilation and sunlight into every residence. It’s also what makes room for the sort of amenity usually confined to high-density towers: a fully equipped wellness centre with infrared and traditional saunas, yoga and pilates studio, cold therapy shower, and treatment room. There’s a golf simulator, car and dog wash stations, and extensive storage too, not bolted on, but baked in from the start.

But more than the checklist, it’s the design intent that carries weight. “This project has been many years in the making,” says Mark Pomeroy, Director of PQD. “Not just in planning, but in listening, to what our buyers and the local community are looking for”.

[smartcode_project:default project_id=102717 project_image_fid=355289]

That listening shows up in the materials, oak floors, natural stone, V-ZUG appliances, and in how space is handled. Penthouses feature private rooftop terraces with pools. Terraces and garden residences embrace outdoor connection. Inside, the layouts skew large and open, geared for hosting, not just housing.

Architecturally, <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>’s approach is grounded. There’s no reaching for spectacle here. Instead, the building offers a sculptural calm, anchored by landscaping from Eckersley Garden Architecture.&nbsp;

“We wanted to create spaces that feel expansive, serene, and meaningfully connected to daily life,” said founding partner Chris Stribley elsewhere.

[smartcode_project:default project_id=102717 project_image_fid=355304]

That sentiment, calm, connection, echoes in the location itself. Kooyongkoot sits just a short stroll from Central Gardens, Fairview Park, and the Rivoli Cinema. Tram lines and schools are close, but the street is tucked, quiet, and leaf-lined.&nbsp;

“Residents of Kooyongkoot will be a short stroll from Fairview Park, Central Gardens, and the Glenferrie Road retail strip," Gacesa notes, "but you're also cocooned in this peaceful pocket behind extensive landscaping by Eckersley Garden Architecture.”

Kooyongkoot is set for completion in late 2026.

[smartcode_project_cta:default project_id=102717]

Staff Writer

The project that said no to compromise: Inside Kooyongkoot, Hawthorn

When long-time Ivanhoe locals Graeme and Catherine, decided it was time to downsize, they weren’t necessarily in a rush.&nbsp;

Like many in their stage of life, they had started thinking about apartment living, but anticipated making the shift in two to three years.

That timeline changed when they visited <a href="https://www.urban.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela</a>, a new boutique development by <a href="https://www.urban.com.au/developers/salter-brothers">Salter Brothers</a>. The project ticked all the boxes they were looking for: location, quality design, and long-term lifestyle benefits, which prompted them to bring their decision forward.

“It was the right place at the right time,” they said. “We knew immediately it ticked all the boxes, and we didn’t want to wait.”

[smartcode_project:default project_id=342 project_image_fid=358855]

Their decision to downsize was driven by a combination of practical needs and lifestyle considerations. Their existing home, while much loved, had become increasingly difficult to maintain. It spanned multiple levels, included extensive front and back gardens, and was starting to show the wear that comes with age.&nbsp;

They were looking for a more manageable lifestyle, one with less upkeep and more freedom. A brand-new apartment with no maintenance requirements and the ability to simply “lock up and leave” gave them peace of mind and a greater sense of control over their future.

Financially, the purchase made sense as well. The available stamp duty savings, strong price-to-value offering, and timing of the settlement suited their plans, making the transition smoother and more cost-effective. The apartment's design and inclusions further supported their choice.

[smartcode_project:default project_id=342 project_image_fid=357493]

The layout was both functional and flexible: three bedrooms, a butler’s pantry, a separate laundry, and a large open-plan living area. It gave them the freedom to host a family, accommodate guests, or set up a home office. The expansive balcony and elevated views added to the appeal, providing a sense of openness and connection to the outdoors.

“It just had a really good flow,” Catherine noted, something they found lacking in many other apartments they’d considered, particularly in the established market.

Candela’s boutique scale was another deciding factor. With a smaller number of residences and a top-floor penthouse position, the couple felt the development offered the privacy and space they were looking for, without feeling isolated.

“We liked that it wasn’t a huge development. It felt well-balanced, modern but still with a sense of community, not overwhelming,” they said.

[smartcode_project:default project_id=342 project_image_fid=357508]

Equally important was the ability to remain in Ivanhoe, a suburb they know well and have deep roots in. After 46 years in the area, proximity to local parks, shops, and familiar faces mattered just as much as the apartment itself.

“We didn’t want to give up the community we’ve known for decades. Candela allowed us to upgrade our lifestyle while staying in the place we call home.”

With a Walk Score of 90, the village location supports a convenient, connected lifestyle. <a href="https://www.apartments.com.au/developments/ivanhoe-vic-3079">Ivanhoe</a> Station is just a eight-minute walk away, and the neighbourhood offers access to parks, cafes, restaurants, and schools along Upper Heidelberg Road, all within easy reach.

Beyond the apartment, the couple also saw value in the broader vision for Candela, one that integrates residential living with public spaces and local amenities.&nbsp;

The development introduces 58 new apartments as well as a mix of commercial and social spaces that integrate contemporary architecture with the suburb’s existing character.&nbsp;

At ground level, residents will find a charming café and a lifestyle wellness centre, perfect for unwinding and rejuvenating. Meanwhile, the rooftop garden offers a stunning vantage point for residents to enjoy breathtaking sunsets, host gatherings, or enjoy barbecues with family and friends. It's not just a place to live; it's a vibrant community where every moment is an opportunity to connect and create lasting memories.

[smartcode_project_cta:default project_id=342]

Why Ivanhoe locals are choosing to downsize to Candela

Mark and Roy Makari are expanding their presence in Sydney’s South West with a second major proposal for Leppington, this time envisioning a 900-dwelling mixed-use development just 850 metres from their previously lodged tower trio on Fifth Avenue.

Project management and construction management firm Creative Vision filed the plans for the&nbsp;multi-building project at <a href="https://www.apartments.com.au/new-apartments/230-rickard-road-leppington-nsw-2179">230 Rickard Road, Leppington</a>. The proposal seeks to establish a new focal point for the precinct through a high-density, transit-oriented development supported by diverse land uses.

According to the Scoping Report prepared for the Department of Planning, the scheme includes around 900 apartments across multiple towers, including 135 dwellings designated for affordable housing. A mix of market and subsidised apartments will be supported by ground-level activation through retail and office space, a childcare centre, and a hotel, forming a comprehensive urban precinct.

<img alt="Mixed Use Development 230 Rickard Rd Leppington" data-entity-type="file" data-entity-uuid="34797362-f3dc-4d84-8235-2657fc5f3bde" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Plan.png?VersionId=Uzckrz9tUpDQl5lX1_WMhjnv16bsr8wG" />

The Design Report by <a href="https://www.apartments.com.au/architects/studiosc-0">Studio SC</a> notes that the project “intends to deliver a high-quality, high-density built form that supports the vision for the Leppington Town Centre, integrating mixed-use outcomes and public domain upgrades.” The development is expected to be delivered in stages, although a precise timeline is yet to be confirmed.

The project will be assessed through a future State Significant Development Application, with the Scoping Report indicating the team will seek design excellence via a competitive process or through an expert design review panel. Early massing diagrams suggest a series of mid- to high-rise buildings framing a central landscaped spine, with emphasis on pedestrian permeability and public space.

The planning documentation flags a strong sustainability agenda, stating that the development will “respond to the urban heat island effect, incorporate water sensitive urban design, and prioritise active transport”.

<img alt="Mixed Use Development 230 Rickard Rd Leppington" data-entity-type="file" data-entity-uuid="369d7b54-1279-4cde-88ec-dcb215594414" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Podium_1.png?VersionId=QArL7B2kkLt63vl5xvL0FNV_ardAlez4" />

The proposal follows in the footsteps of the Makaris’ nearby Fifth Avenue site, where they’ve submitted plans for three towers comprising nearly 500 apartments, with 10 per cent dedicated to affordable housing. That project features commercial podiums, a childcare centre, and a new public park that would occupy more than a third of the site.

Both developments are situated within walking distance of Leppington Train Station and fall under strategic precinct plans promoting higher density housing. The town centre is undergoing substantial transformation, driven by state government planning reforms aimed at fast-tracking housing delivery.

Together, the two projects represent a combined ambition of nearly 1,400 new homes across just under two kilometres of central Leppington.

First look: 900-home mixed-use precinct planned for Leppington

Rural Nsw

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One of Australia’s largest integrated beef and cropping businesses, spanning nearly 26,000ha is being offered to the market for sale.
CBRE Agribusiness has been appointed to sell the northern NSW aggregation, comprising a large scale integrated business producing more than 100,000 MSA graded cattle and 40,000 tonnes of grain on a yearly cycle.
Located in NSW’s north-west, the business recently received certification and trade mark for its unique cattle finishing model, ‘Certified Free Range Grain &amp; Grass Fed’, which has underpinned its award-winning beef brands.
CBRE’s Richard Royle and Col Medway are seeking a buyer via an expressions of interest campaign closing October 31.
Mr Royle said the opportunity to secure a successful enterprise with both scale and diversity had already generated significant investment interest.
“To date, inspections have been conducted by a wide variety of buyers, including Australian and international corporates, Australian family offices, private capital advisors, private equity managers, cropping businesses and beef industry participants,” Mr Royle 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/2018/10/3/Agri%202.jpg" alt="">
The aggregation has a current cattle capacity of 30,000 head of cattle, with an annual turnoff capacity in excess of 140,000 and further expansion capabilities. The cattle are accommodated in the licensed 7,000 SCU feedlot
(DA approval for an expansion to 20,000 SCU) with the remainder in paddocks under the grain and grass fed system.
The dry land cropping ranges from flat Moree plains to rolling hillside at Croppa Creek/Warialda. The business also operates its own fleet of modern livestock and bulk trucks, ensuring the prompt delivery of cattle to processors and customers.
Structural improvements and infrastructure include quality plant and machinery, grain storage facilities, reticulated water troughs, fencing, cattle yards, storage facilities and accommodation. It also includes a long-standing management team and support team of mechanics and maintenance staff.
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j.ballantyne1990-6AQqhLzZaK

26,000 hectare agri footprint in NSW’s Golden Triangle hits the market

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GUEST OBSERVATION
The New South Wales Rural Fire Service declared the earliest total fire bans in its history this week. The entire state was declared to be in drought on the same day.
The combination of winter drought and hot, dry weather has made dangerous fires increasingly likely.
Already this week two fires on the south coast have escaped containment lines and destroyed houses. The weather during these fires was 6℃ warmer than the August average, dry and extremely windy. The wind speed peaked at 104 kilometres an hour in Bega and 85km/h in Nowra, two towns close to where fires broke out.
Under these conditions, bushfires will spread quickly, produce large numbers of embers and are hard to stop.
Our fire seasons now start earlier and last longer. This means we’re increasingly likely to see repeats of historically large fires threatening residential areas.
Fire seasons are longer
Current dry conditions are reflected in the maps of live fuel moisture produced by Dr Rachael Nolan of Western Sydney University.
<a href="https://images.theconversation.com/files/232411/original/file-20180816-165961-10g0j70.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/232411/original/file-20180816-165961-10g0j70.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt=""></a>
<a class="source" href="https://agupubs.onlinelibrary.wiley.com/doi/full/10.1002/2016GL068614" target="_blank">Nolan R.H., Boer M.M., de Dios V.R., Caccamo G., Bradstock R.A. (2016), Large-scale, dynamic transformations in fuel moisture drive wildfire activity across southeastern Australia. Geophysical Research Letters 43, 4229-4238.</a>
This method tracks the weekly moisture content of the forests in southern Australia, as observed by NASA’s MODIS satellite. The latest map shows a patchy distribution of dry areas and a drying trend over recent weeks.
It looks like NSW’s fire season has already started, and it’s likely to be bad. Last year’s fire season also extended well into autumn, with serious bushfires burning in mid-April.
Fire agencies usually enjoy a six-month break from bushfires between April and September, but this year they had only three months’ respite.
This reflects evidence of a trend toward more extreme fire weather over the past 30 years, and lengthening fire seasons.
This problem is being keenly felt in western United States, where fire agencies have warned that the fire season now lasts all year round. Not only that, there is clear evidence climate change is increasing fire activity in the United States; the record for the largest fire in California history has been broken two years in a row.
Alarming precedents
The most damaging fire season for NSW in the past 30 years was in October 2013 when the Linksview fire destroyed 200 houses in the Blue Mountains.
The build-up to that season was eerily similar to this year, with a winter drought and bushfires in September, but the moisture maps show that the forests are drier now than at the same time in 2013, and we have already seen serious bushfires in August.
As we move into September and October, the weather will warm, which means any remaining moisture in the ground and plants will evaporate even faster than at present, and fires will be more intense and spread faster. The only thing that will reduce the risk is soaking rain of at least 100mm.
Whether or not that will occur in the next two months is almost impossible to predict. At the moment it seems unlikely. The Bureau of Meteorology’s latest seasonal forecast, issued on August 16, considers it likely that dry conditions will persist for the next three months.
The heightened risk of bushfire this season should be a wake-up call for residents in bushfire-prone areas. Most people in really risky areas such as the Blue Mountains are well prepared, but many people who are a little more removed from the forests are not aware of the risk.
For example, many residents of Wollongong probably don’t know this October is the 50th anniversary of the great 1968 fires that swept down the Illawarra Escarpment into the suburbs of Figtree, Bulli, Austinmer and others.
<a href="https://images.theconversation.com/files/232412/original/file-20180817-165955-1f2bhyl.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/232412/original/file-20180817-165955-1f2bhyl.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
 The footprint of the 1968 Illawarra fires, which burned through residential areas.
If the same footprint of fire were to occur again, some 5,000 houses would be affected. The present indicators suggest a repeat of this event is more likely than at any time for decades.
Residents need to prepare a bushfire survival plan, which includes a decision on whether to stay and defend or to leave as soon as they learn about a nearby bushfire.
Current research at University of Wollongong suggests that the biggest influence on the risk of house loss during a bushfire is the actions that the residents themselves take. This includes ensuring that natural and man-made fuels are kept to a minimum in the garden, especially close to the house, and also defending the house from spot-fires caused by embers.
The Rural Fire Service has a wealth of advice for preparing for bushfires on its <a href="https://www.rfs.nsw.gov.au/plan-and-prepare" target="_blank">website</a>.

We’re look at a torrid upcoming fire season, dependent on the vagaries of the Australian climate. Either way, now is the time for people to brace themselves and get prepared.
Owen Price<a href="https://theconversation.com/profiles/owen-price-105069"></a>, Senior Research Fellow, Centre for Environmental Risk Management of Bushfires, University of Wollongong
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/drought-wind-and-heat-when-fire-seasons-start-earlier-and-last-longer-101663" target="_blank">original article</a>.
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Drought, wind and heat: when fire seasons start earlier and last longer

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The general southern New South Wales and northern Victorian market continues to display signs of strength and resilience, according to the latest rural report from Herron Todd White (HTW).
The valuation firm stated that recent positive rainfall outcomes across the Albury and northern Victorian areas has also served to allay any concerns that were beginning to appear because of the extended dry period.
"With regards to recent transactions, we are aware of a property approximately 50 kilometres north of Albury that has just gone under contract," the HTW valuers noted.
"This property is all open, mostly arable, improved grazing country, typical of the area and has transacted at approximately $8,300 per hectare, excluding the added value of the buildings in place.
"This is in line with recent agents comments about the area which indicated that the area to the north of Albury has been achieving $3,000 to $4,000 per Acre ($7,400 to $9,800 per hectare)."
Recently, a number of valuations in the far western New South Wales area to the north and north east of Broken Hill have been undertaken.
There has been a change in what the market has been prepared to pay on a dollar per dry sheep equivalent (DSE) rate for typical open grazing country in the area.
Previously, (up until late 2016) DSE rates in the $200-$350 range would have been expected, however, now all of the sales analysed indicate rates in the $400 to $500 range.
The valuers discussed that while initially this was "concerning" when the rates were reviewed in comparison to the rates paid for higher rainfall inside tablelands country to the east, "it became apparent that the relative ratio of dollars per DSE rates paid between the tablelands country and the far western country is still similar to what it has been".
"Now that far western country is at $400 to $500 per DSE, we see that the tablelands country is now $600 to $700 plus per DSE, whereas previously, rates were mostly in the $450 to $600 range."
These elevated rates equate to significant strengthening in the corresponding underlying land value.
The exact dollar per hectare rates vary with the carrying capacity of the country involved however, in general we would expect country to the north of Broken Hill to be in the $90 to $100 per hectare range.
HTW reported despite the deteriorating seasonal conditions that the Buckanbe offering has gone under offer.
Buckanbe is a 40,000 hectare, very well located grazing property on the Darling River just downstream of Tilpa.
"Whilst we are not aware of the negotiated outcome, we would expect it to achieve approximately $150 per hectare overall," the valuers concluded.
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Far western NSW rural DSE rates almost double: HTW

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The general market in southern and western New South Wales continues to show strengthening signs, according to the latest HTW report.
"Generally we have seen the level of sales activity drop slightly, however this is a reflection of a lack of stock rather than a softening of market interest overall," the March 2018 update by the valuation firm advised.
In far western New South Wales, HTW valuer Scott Fuller noted new benchmark levels set in dollar per DSE rates achieved.
The sale of Berta Station which is a 43,500 hectare holding with a carrying capacity of 10,000 DSE located 120 kilometres south-west of Broken Hill on the South Australian border recently sold for $5.38 million which equates to $124 per hectare overall.
From a productive capacity basis this equates to $527 per DSE.
"These rates are generally seen in tablelands country in far higher rainfall areas," Fuller said.
"Like all market activity there are always outlying sales and it appears that this sale is one of those, however it does indicate the willingness of buyers in the current market to stretch the normal excepted boundaries in terms of a value perspective," he said. 
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Two examples of the level of strengthening included a recently visited, large mostly arable grazing property in the Cootamundra area which we last valued in June 2016. 
"Our current assessed value for the same property has risen by 26 percent over the 19 month period, with a number of solid large-scale sales to support this assessment. 
"This equates to 1.4% per month over 19 months which is quite phenomenal. 
"We have also revisited some larger grazing properties to the north-east of Broken Hill which were last valued in late 2014. 
"Our current assessment indicated a 28.8% rise in overall value which equates to 9% per annum - still a strong result."
Fuller advised when building a business plan for a rural purchase at present, it would be prudent not to allow for any capital growth in the short to medium term as this same situation occurred back in 2008.
"Our experience then indicated that generally the market in New South Wales peaked in late 2008 and general value levels softened slightly and then were steady for a number of years.
"There were a number of corporate purchases made at this time and our relationship with these assets over the ensuing years showed that the original value levels were not reached again for approximately six to seven years.
"While we are not saying that the market will perform exactly the same, it does have a history of repeating and our expectations are that a similar scenario will result over the coming 12 to 18 months.
"The difference in 2018 is that our interest rates are at record lows and are still encouraging investment from within the industry, so we may just see the golden period continue for a bit longer yet!"
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Far west NSW rural prices matching tablelands country: HTW

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<div>The former solicitor-general of Australia, David Bennett QC, and his wife Angela, a former judge of the Federal Court, have bought a weekender on the NSW south coast.</div>
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<div>The Woollahra-based couple have spent $4.75 million on an <a href="https://www.realestate.com.au/sold/property-house-nsw-berry-124868898" target="_blank">architect-designed manor in Berry</a>. Set on an elevated 20ha near Seven Mile Beach, the hobby farm property has previously run 20 Black Angus cows, horses and sheep.</div>
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<div>The two-storey home has four bedrooms. There’s an entertainer’s terrace overlooking a heated pool, which comes with a self-contained pool house.</div>
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<div><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/2018/2/12/berry%202.jpg" alt=""></div>
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<div>The home was sold by the London-based Macquarie infrastructure boss David Roseman and his wife, interior designer Sue, who had it initially listed for March auction last year when they were seeking $4.75 million through Gary Dale at Belle Property.</div>
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<div>Their manor-style mansion was built after they had bought the Coomonderry Ridge holding in 2011 for  $1.18 million.</div>
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<div>Roseman was appointed to the merchant bank’s top infrastructure post in 2015.</div>
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<div>Bennett served as solicitor-general for a decade until 2008.</div>
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<div>This article was first published in the Sunday Telegraph.</div>
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<h2><a class="clickable" title="View Property Detail" href=""> </a></h2>
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jonathanchancellor-7SQnKwU6yx

Former solicitor-general of Australia David Bennett buys Berry weekender

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The Federal Court has ordered Murray Goulburn to pay a $650,000 fine plus ASIC's legal costs over the embattled dairy giant's disclosure failures ahead of last year's profit downgrade.
The Australian Securities and Investments Commission took Murray Goulburn to the Federal Court alleging that from March 22, 2016 to April 27, 2016, the listed diary co-op failed to notify the ASX that it was unlikely to achieve forecasts it made in February.
Confirming the settlement agreed to between the troubled dairy processor and ASIC in November, Justice Davies said the penalty was towards the higher end of the statutory maximum, because of the "gravity" of breach, the "involvement of the senior level of management," and the "market impact and prejudice" it caused
The court found that MGRE contravened its disclosure obligations under section 674(2) of the Corporations Acton and from 22 March 2016, continuing until 27 April 2016 by failing to notify the ASX that circumstances had arisen a consequence of which was that, Murray Goulburn Co-operative Co. Limited (MG) was unlikely to achieve the forecast:
<ul>
<li>Available Weighted Average Southern Milk Region Farmgate Milk Price for the financial year ending 30 June 2016 of $5.60 per kilogram of milk solids; and</li>
<li>Full-year net profit after tax for the financial year ending 30 June 2016 of approximately $63 million, as stated by MG and MGRE in their ASX announcements dated 29 February 2016 entitled 'Murray Goulburn – Half Year Financial Results News Release' and 'Murray Goulburn – Half Year Financial Results Presentation.'</li>
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ASIC issued proceedings against MGRE in November last year.
MGRE admitted the contravention in a Statement of Agreed Facts and Admissions and the parties filed joint submissions for a declaration and a civil penalty to be imposed.
In handing down her judgment on Friday 15 December 2017, the Hon Justice Davies said "the penalty is towards the higher end of the statutory maximum but a penalty towards the higher end is warranted, reflecting the gravity of the contravention, the market impact and prejudice caused by the contravention, the involvement of the senior level of management in the contravention and failure of governance, and the inadequacy of MGRE's compliance policies at the time and the duration of the contravention."
ASIC Commissioner Cathie Armour said if an entity has previously given a profit forecast to the market and that subsequently changes causing its profit forecast to differ from that guidance by a material amount, it is crucial to inform the market immediately in order that investors are apprised with up-to-date information.
MG Unit Trust was officially admitted to the official list of the ASX in July 2015.
Murray Goulburn's previous management was responsible for destroying one of the greatest agricultural entities in Australia, Barnaby Joyce recently said.
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MG plans to sell its assets to Saputo, the owner of Warrnambool Cheese and Butter, and dissolve MG, Australia’s largest dairy co-operative.
 
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Murray Goulburn cops $650,000 fine over disclosure failures

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<img src="https://counter.theconversation.edu.au/content/57732/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
It’s time for a fresh look at community and policy development in rural and regional NSW – one that will deliver rewarding jobs, a proper say for people in how they’re governed, decent infrastructure, access to essential services, and an enriching environment.
<h2>Looking after the land</h2>
Rural and regional NSW provides the state with much of its food, water and tourism opportunities, as well as crucial hidden services such as regulating the climate. Properly funding projects that preserve regional environments benefits all citizens, but can also help develop regional economies.
Regional NSW is well placed to become a leader in the farming, supply and production of renewable energy, so governments may wish to consider what policy levers are needed to incentivise investment in this area.
It’s also important we involve local experts in finding ways to improve land and water management in regional areas, sustainable agricultural and forestry practices, and develop well-managed protected areas that facilitate biodiversity conservation.
Fostering people’s connection with, and appreciation of, nature can achieve health benefits, facilitate tourism and recreation, and even boost mental health.
<h2>Creating a happy and healthy regional citizenry</h2>
It’s no secret there is a shortage of GPs and other specialist medical service providers in regional areas.
Mental illness prevalence rates are similar to metropolitan areas but there is a lack of mental health services in regional areas, and self-harm rates are much higher.
Mental health prevalence rates are similar to metropolitan areas but there is a lack of mental health services in regional areas, and self-harm rates increase with remoteness.
Addressing these shortages is important if we are aiming to create a happy, healthy and productive citizenry in regional NSW – and attract highly trained professionals to the regions.
<h2>Attracting highly skilled, mobile and trained professionals</h2>
It’s important that NSW develops better ways to attract highly skilled, highly mobile and highly trained professionals to its regions. In the past, organisations like the Bathurst-Orange Development Corporation gave concessions to industry in the short term to relocate to Bathurst. This model could be revisited more broadly.
Diversity and a culturally rich environment can serve as a strong selling point for urban and international migration to regional areas.
Welcoming and inclusive communities are more likely to retain highly skilled and professional migrants. We need creative campaigns that focus on the promotion of arts and culture heritage, healthy lifestyle, sport and outdoor activities, as well as educational opportunities available outside urban centres.
Regional and rural citizens are crying out for improved infrastructure – better roads and public transport, fast and reliable broadband and telecommunications would help attract high trained professionals to the regions.
Proper access to legal services
Citizens in some remote areas of NSW lack access to legal services, and it’s important that policy be developed according to local need in context (rather than a one-size-fits-all “solution”).
It’s crucial that governments plan to ensure a mix of legal services are available to regional and rural citizens. Both private lawyers and public services are needed.
It’s important that key government departments such as the Department of Education, Department of Family and Community Services and the Department of Primary Industries have a stronger and continuous presence in regional areas.
These agencies employ lawyers. Locating these key departments in regional areas also creates opportunities for country lawyers beyond private practice and ensures citizens are getting advice from local lawyers who understand the regional context.
<h2>Breaking down stereotypes</h2>
The urban mindset is preoccupied with an image of the regions as all hay bales and agriculture, as portrayed on television shows like The Farmer Wants A Wife.
The reality is much more varied and nuanced. Vibrant arts communities exist along side long-standing farming industries. While some regional areas have been on a relative decline, much of this has to do with growth in urban areas. Services are clustered in some regional areas, and found wanting in others.
Developing a more accurate picture of what life in rural and regional NSW is really like – through funding regional art communities, social links between urban and regional citizens, and developing more realistic social marketing – would go a long way to breaking down misconceptions about country NSW.
<h2>Inclusion and consultation</h2>
A courageous government could consider creating Regional Advisory Councils, made up of representatives selected across each region. These council members could be trained to use deliberative democracy – a form of collective discussion and decision-making – to help tackle complex problems in their local areas.
Lip service is not enough. It’s important that funding be made available to help implement projects that rural and regional citizens say their local areas need.
That means breaking down the traditional silo-based approach to funding, where we run the risk of allocating money to government departments or pet projects based on the ideas of centrally located decision makers. Importantly, governance and oversight mechanisms are needed to ensure there are not conflicts of interest.
Regional policymakers could harvest the vast amounts of data available to allocate funds based on where the need is greatest; making such data publicly available where possible is a key part of results-based accountability too.
<h2>What’s at stake?</h2>
Recent political events – think Brexit, the rise of Donald Trump and voter dissatisfaction with the major parties in Australia – have underlined how disenfranchised many regional and rural citizens feel in a rapidly changing world.
We need to ensure that regional and rural citizens are not left behind as advanced economies shift away from traditional manufacturing and toward a knowledge economy. Doing so will help preserve social and political harmony for all citizens.
Alison Gerard is associate professor in Law, Charles Sturt University and can be contacted <a href="https://theconversation.com/profiles/alison-gerard-12350" target="_blank">here</a>.
Branka Krivokapic-Skoko is economist and economic sociologist, Charles Sturt University and can be contacted <a href="https://theconversation.com/profiles/branka-krivokapic-skoko-285542" target="_blank">here</a>. 
Liz Reimer is lecturer in Social Welfare, Southern Cross University and can be contacted <a href="https://theconversation.com/profiles/liz-reimer-285543" target="_blank">here</a>.
All are authors for The Conversation.
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