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

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

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.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[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.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

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

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;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<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

Rural Property

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Former Ladbrokes CEO Dean Shannon has sold a Queensland equestrian properties. 
<a href="https://www.realestate.com.au/sold/property-acreage+semi-rural-qld-guanaba-127382742" target="_blank">The four hectare Guanaba estate</a> on the banks of the Coomera River in the Gold Coast hinterland had a $1.9 million asking price through Scenis Road Properties agent Drew Slack-Smith.
The 10 post and rail horse paddocks, each with their own luxury indoor outdoor stable, were added by Shannon since his $1,525,000 purchase in late 2014.
There's also a barn, super stables and an outdoor arena.
The main homestead set in gardens has four bedrooms, three bathrooms and three main living areas.
Shannon stepped down from his post at Ladbrokes last year and became managing director at new online betting company Neds.
This article was first published in the Weekend Australian.
 
 
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jchancellor-FAypfDUnLy

Dean Shannon sells Guanaba equestrian estate

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The federal government has imposed tighter foreign investment restrictions on the off-market sale of agricultural land worth $15 million or more.
Treasurer Scott Morrison announced any rural vendor wishing to sell to a foreign investor will need to publicly market the offering to locals for 30 days.
It was designed to stop land being put up for foreign sale without Australians knowing about it.
The responsibility will be on the applicant to demonstrate how they became aware that the property was advertised for sale and whether the acquisition was subject to an open and transparent sale process.
<a href="https://twitter.com/ScottMorrisonMP?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank">Scott Morrison issued a tweet</a> saying it was about 'putting Australians first."
<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/2018/2/5/morrison.jpg" alt="">
Foreign buyers will need to demonstrate that land "has been part of a public sales process and marketed widely to potential Australian bidders for a minimum of 30 days, and Australian bidders have had an opportunity to participate in the sale process".
</div>
<div>"All acquisitions of agricultural land by foreign investors for residential development will also be subject to standard development conditions requiring development to commence within a five year period to prevent land banking. This condition already applies to acquisitions of vacant land," Mr Morrison said.</div>
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<div>He said the new restrictions on agricultural land were motivated by the national interest.</div>
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Previously, the Coalition government has reduced from $252 million to $15 million the threshold at which the Foreign Investment Review Board becomes involved in purchasing land. Similarly, it has lowered the scrutiny thresholds for agribusiness.
"Concerns around the ability of Australians to participate in the sale process of agricultural land acquisitions have been a factor in my previous foreign investment decisions, including approval of the sale of S. Kidman &amp; Co Limited," Scott Morrison advised.
The FIRB gave three examples:
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Example 1
Michele is a foreign person and wishes to acquire Joe’s farm. She first saw Joe’s farm advertised in a local newspaper and spoke to the realtor who has had the property listed for the last two months.
Michele confirms with the realtor that the property has been advertised through multiple channels for a period of at least 30 days, including online, through rural real estate brokers, and via advertisements in local and national media. If Michele applies to the Foreign Investment Review Board to acquire Joe’s farm, the sale process is unlikely to raise national interest issues.
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Example 2
Susan has been directly approached by a foreign investor seeking to buy her farm. Susan’s farm is not on the market for sale, however, it was advertised for sale five months ago but was taken off the market as it was not sold (either no offers were received or the offers received were not accepted).
The foreign investor, Green Forestry Co, approached Susan because they have significant holdings of land near Susan’s farm for their forestry business and now have the capital available to expand their business.
Green Forestry Co applies to the Foreign Investment Review Board to acquire the property. This acquisition would satisfy the requirement for an open sale process as the property was advertised in the last 6 months.
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<div>
Example 3
Therese wishes to buy a large parcel of agricultural land that is currently used for crop farming and includes an incidental established residential dwelling.
Therese saw the property advertised in an Australian national newspaper and viewed further information about the property on a real estate agent’s website.
Numerous parties, both foreign and Australian, were given the opportunity to bid or make offers for the property.
If Therese lodges a Foreign Investment Review Board application for the acquisition, it is unlikely that national interest issues will be raised regarding the opportunity for Australians to purchase the land.
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Offmarket rural FIRB sales banned by Treasurer Scott Morrison

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Canada's Public Sector Pension Investment Board (PSP Investments) has added to its Australian farming operations, buying the NSW cropping assets of mining and agribusiness giant, Glencore via its Daybreak Cropping venture.
Daybreak is the national broadacre cropping business formed in 2016 as a partnership between Australia’s Warakirri Asset Management and PSP, one of Canada’s largest pension investment managers.
The farming deal for comes as part of a decision by Glencore to withdraw from grain production to concentrate on grain handling and marketing in Australia.
The joint venture owner, Warakirri, is already one of Australia’s largest grain growers.
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j.ballantyne1990-6AQqhLzZaK

Canada's Public Sector Pension Investment expands its Australian rural footprint

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Thomas Foods International has bought the South Australian sheep and cattle station, Mt Schanck for more than $50 million.
The Evans family, whose patriarch is former AFL chairman Ron Evans, sold the <a href="https://www.commercialrealestate.com.au/property/mount-schank-sa-5291-2013959171" target="_blank">2870 hectare property</a> set south of Mount Gambier.
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The deal was negotiated by CBRE a week before its expression of interest campaign was set to close.
The ABC reported in 2016 that Thomas Foods was a South Australian-based company that had emerged to become the largest family-owned processor in the country, the third-biggest processor in the country behind corporate giants JBS and Teys Australia.
Ron Evans and his wife Andrea purchased Mt Schanck off-market from the Clarke family in 2002, according to Fairfax Media.
The Clarke family owned Mt Schanck for more than 140 years, having purchased it in 1861 from the Arthur brothers of Van Diemen's Land.
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<div class="cq-article-content-media section">It includes an 1860s four-bedroom homestead and an 1870s six-stand shearing shed.</div>
It came with close to 5000 megalitres of water entitlements.
The Adelaide-based Thomas Foods has annual revenue of more than $1 billion.
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The media mogul Kerry Stokes and veteran cattleman Peter Murray have yet to find a buyer for their 7820-hectare Cygnet Park Farms portfolio on Kangaroo Island which is up for sale asking about $50 million.
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Buyers have been spoilt for choice as Hassad Australia sold its SA farming land on the Eyre Peninsula and Mid North including 7106 hectares at Cummins and Ungarra spread across 11 farms being marketed by Elders.
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<div class="story-share__facebook ">Hassad Australia – owned by Qatar’s sovereign wealth fund – bought the land less than five years ago but now selling to focus more on investments beyond the farmgate.</div>
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Mt Schanck sold for $50 million plus to Thomas Foods

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Sarah Pease from Sylvania Park, Enmore via Uralla was the buyer when David Nolan at Webster Nolan Real Estate and Bruce Rutherford at Boltons Landmark sold the Armidale offerings, Kingsford and Sun Valley at auction last week. 
The vendors Rob and Kelly Lamoureux are returning to Canada, with their children now overseas.
The marketing campaign resulted in over 90 enquiries and 36 inspections.
With a total of 11 registered bidders, <a href="https://www.realestate.com.au/sold/property-livestock-nsw-armidale-7926638" target="_blank">Kingsford</a> (above), was the first property offered then followed by Sun Valley.
The Kingsford bidding started at $2.5 million and after 42 bids was knocked down for $4.65 million.
The Sun Valley bidding started at $3 million and after 13 bids was knocked down for $4.025 million.
The Lamoureux's came to Australia 30 years ago, as a young married couple, from a farming and ranching background respectively. Kelly leaving a large family cattle ranch in the foothills of the Rocky Mountains and Rob a diverse background in farming and mixed livestock. 
Their adventure was precipitated by the desire to find a kinder climate.
Coming from the long harsh winters of western Canada the lovely four seasons of the New England made life on the land much easier, David Nolan advised.
Rob and Kelly have run a very successful commercial herd of cross bred cows. In the last 3 years their steers have taken out the Grand Champion and Reserve Grand Champion twice at both Beef Spectacular in NSW and Paddock to Plate at the Ekka in Queensland. 
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New England farm sales secure $8.6 million

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Offspring star Asher Keddie and artist Vincent Fantauzzo have listed Ravenswood, their 100-acre country Victoria property at $2,125.000. 
The couple bought Ravenswood, at Hesket, about 80 kilometres north-west of Melbourne, in 2014, just after they wed in Fiji. 
The 43 hectare farm is located on the north side of Mount Macedon at <a href="https://www.realestate.com.au/property-house-vic-hesket-127059022" target="_blank">849 Romsey Road</a>.
The home (below) when they bought it in 2014.
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It has been a private rural retreat for Keddie, her husband, six-year-old Luca and two-year-old Valentino. 
The two-storey timber barnhouse has been renovated in a modern Scandinavian-inspired style.
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A stable complex takes up the ground floor, while a three-bedroom, two-bathroom family residence sits on the top floor. 
Outside, there is an expansive vegetable garden, chook shed, two dams and a lake. Their farm is geared for equestrian lovers, featuring a stable, ménage and field shelters. 
It is listed through Keatings agent Sandi Mueller.
It last traded in 2014 for $1.5 million.  
 
 
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Offspring star Asher Keddie lists Victoria property Ravenswood

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The enduring entrepreneur CM Murphy — renowned for taking INXS from a Sydney pub band to the international stage — is selling Archerfield Farm, his longtime retreat on the Hawkesbury River.
Murphy bought the Richmond Lowlands farm, which dates to the 1820s, about 12 years ago.
Set over 16ha, the Edwards Rd property comes with a charming four-bedroom, 1930s Queenslander-style home with wraparound balcony.
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There’s also a three-bedroom cottage, plus horse barn with six stables and 12 fenced horse paddocks.
The grounds, with a 9m saltwater pool and cabana, come with citrus orchard, fruit trees and an established rose garden. 
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Iris Property agent Martin Schoeddert is marketing the property.
Murphy, who grew up in Darlinghurst, ran his late father’s theatrical booking agency with his mother in Wollongong before shifting his focus to rock music acts which included AC/DC, Marcia Hines, Cold Chisel, Skyhooks, Old 55 and The Angels.
Chris Murphy, who first managed INXS from 1979 to 1995 and then returned in 2009, harboured hopes for an INXS musical stage show.
Music is still a passion, but shared with farming.
“As the cities get crazier by the week, to own your own slice of heaven hidden away on the banks of the Hawkesbury River is magic,” he recently suggested.
“Especially for children of the modern generation who have been forced to seek lifestyle from a flat-screen device.”
This article was first published in the Sunday Telegraph.
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INXS band manager Chris Murphy lists Archerfield Farm

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Dairy and agricultural products exporter Vicfarm has leased a Hawthorn building for its new Melbourne office headquarters.
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The 620 sqm, two-level office building at <a href="https://www.realcommercial.com.au/property-offices-vic-hawthorn-502578422" target="_blank">8 Yarra Street</a> in Melbourne’s inner-east offers a mix of refurbished character and traditional office space, high ceilings and ample natural light, and is on a site with 12 car parks.
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Fitzroys agents Chris James and Stephen Land negotiated the 3x3-year deal at around $130,000 per annum gross, within six weeks of launching their campaign after the property had previously been on the market for nearly 12 months. 
James said that with office stock in the Melbourne CBD heavily constrained and a limited supply pipeline forecast for the next two-to-three years, tenants are looking beyond the city for new space. 
“Medium and high-density development through Melbourne’s inner suburbs have enhanced the lifestyle and retail precincts and made office spaces in those locations a more attractive prospect for businesses to operate from.” 
Land said the design of the building’s interior and excellent natural light further underpinned its desirability. 
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Vicfarm leases a Hawthorn building for its new Melbourne HQ

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The retiring thoroughbred race horse breeder Joe Vella has listed Wingrove Park, his Macedon Ranges district at Kerrie.
Over the past forty years the Vella family have been successfully breeding, racing and selling thoroughbreds.
Vella and his wife Daira established it three decades ago, located 16 kms north east of Gisborne, positioned between world renowned studs, Sun International Stud and Spendthrift Stud.
There is a $5.8 million asking price for <a href="https://www.realestate.com.au/property-other-vic-kerrie-7928066" target="_blank">the 86 hectare property</a> at 249 Mt Eliza Road through Elders Real Estate.
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The state-of-the-art equine facility has 54 paddocks. It has 11 stables, two super-size foaling down boxes, a foal Intensive Care Unit, three stable shedding complexes, fully enclosed wood shavings shed, a hospital barn with a full range of veterinary facilities, and an equine rehabilitation area.
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The 1990-built double brick homestead is reach via an avenue of manicured and mature Cyprus trees.
Royal Symphony, the three-year-old colt bred at Wingrove Park, recently finished fourth in the Cox Plate behind Winx.
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Joe Vella's Wingrove Park, Kerrie horse stud listed

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The historic Cullingral at Merriwa, one of the Upper Hunter's landmark properties, has its third agency marketing the property in the space of a year.
The 208 hectare holding on the Merriwa River dates back to a land grant in 1839 to Charles Blaxland, a grandson of the explorer and pastoralist Gregory Blaxland, of Blue Mountains crossing fame. 
It was Gregory Blaxland who built the origins of the present homestead in the same year, using local sandstone. 
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The cattle enterprise comes with a three-shed poultry facility for hatching and growing of quail, operated under a five-year lease arrangement to Game Farms Australia, which generates annual lease income of $125,400.
The vendors, Brice and Bronwyn Stokes have it listed with Meares &amp; Associates.
Last year the property had $3.5 million to $4 million prices hopes however a buyer failed to emerge.
 
 
 
 
 
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