<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

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“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

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Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

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

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

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

Sammut secures approval for debut Brisbane apartment development in Toowong

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

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Rural Property

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A grazing and cattle property in the Tarcutta district in the Obernre Valley in south-western New South Wales has traded for the first time in nearly seven decades.
The <a href="https://www.realestate.com.au/property-mixed+farming-nsw-tarcutta-7920726" target="_blank">609 hectare property</a> currently runs 500 Angus cattle.
It had been in Campbell family ownership since 1948.
The property was originally part of the much larger Belmore Station, initially a sheep enterprise, which changed over the cattle.
There are about 200 cows and their calves and weaners.
A syndicate of farmers from the New South Wales Southern Tablelands bought the property at auction on Friday after Ruralco Wagga Wagga agent Dan O'Brien had expecting bidding from around $1.8 million.
The property is regarded as good grazing or fattening country in a reliable rainfall area.
A three bedroom residence with slow combustion wood heater sits on the parcel.
 
 
 
 
 
 
 
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Prime Tarcutta grazing and cattle property traded for first time in seven decades

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One of South Australia's prized sheep and cattle grazing stations, Mt Schanck, has been listed for sale publicly for the first time in its near-200 year history by Melbourne's Evans family.
The property (above and below), comes with an asking price of more than $50 million.
Buyers are spoilt for choice as Hassad Australia is selling its SA farming land on the Eyre Peninsula and Mid North by expressions of interest. It includes 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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It is expected to be the state’s biggest land sale since the University of Adelaide sold its Mid North properties; Martindale and Munduney.
Industry estimates put the value of Hassad’s SA portfolio at up to $60 million.
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Originally owned by the Arthur Brothers of Van Diemans Land and then for 140 years by pastoralists the Clarke family, the 2870-hectare Mt Schanck property near Mount Gambier last traded off-market in 2005, when the late Ron Evans, the former AFL chairman and Spotless managing director, acquired it for the family trust.
Mr Evans, who played full forward for both Essendon and West Perth in the 1950s and 1960s in addition to being an accomplished club cricketer, appeared on the BRW Rich 200 list from the 1990s until his death from cancer in 2007.
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His son Richard manages Mount Schanck while another son, David, founded stockbroking firm Evans &amp; Partners. 
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The family's decision to offer Mount Schanck via an on-market campaign comes amid the strongest selling conditions seen in many years for prime rural property tied to food production, especially lamb and beef, according to CBRE agents Danny Thomas and Phil Schell who handling the sale of Mount Schanck.
"We've never seen market conditions like this before.
"The family acquired the property as an intergenerational asset, but the market has really moved in their favour and now is the time to sell," Mr Thomas said.
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Mount Schanck, one of South Australia's prized grazing stations, listed for $50 million

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A 228 hectare property situated in the rural locality of North Johnstone, 10 kilometres north-east of Malanda and 75 kilometres south of Cairns on the Atherton Tablelands, has been listed for mortgagee sale. The grazing and cropping property comprises three lots described as follows: <a href="https://www.colliers.com.au/142938/%7B9aa36502-522a-4b99-a8c2-04e5e41b47dd%7D/%7B9aa36502-522a-4b99-a8c2-04e5e41b47dd%7D/" target="_blank">Lot 199 Russell Road</a> - 74.677* hectares Lot 2 Russell Road - 70.703* hectares Lot 30 Kingcombe Road - 83.32* hectares.
It has been listed under instruction of Helen Newman and Andrew Fielding of BDO as agents for the mortgagee in possession.
Colliers International (Cairns) are holding a formal tender closing Monday 6 November
The farm comes with an established irrigation dam.
Structural improvements include a lowset framed timber house, two sheds, former dairy, and steel cattle yards with installed feed troughs. Domestic water is obtained from a bore.
The freehold properties are offered in one line, in parcels or individually.
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228 ha Malandra district farm offered by mortgagee

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A three bedroom Winwill rural property has sold for $240,000 making it Queensland’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-acreage+semi+rural-qld-winwill-126218594" target="_blank">97 Back Ma Ma Road</a>, the property has views across the valley to the mountains beyond.
It features an outdoor area at the rear that overlooks the paddock while the open plan living area has views of the surrounding area.
All the bedrooms have built-ins while the kitchen has built-in cupboards and ample bench space.
Other features includes a two car bay shed with roller doors as well as two horse shelters.
Toowoomba is 20 minutes drive from the property.
The property was offered through LJ Hooker agent Jan Lewis.
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Three bedroom Winwill rural property sold for $240,000

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Woodlea Park, a southern New South Wales rural property, has been listed for sale.
The 1670 hectare property south of Yass is one of few holdings located within a three hour radius of both Sydney and Canberra.
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It has been held by its current owners for nearly 60 years, with only two managers over the last 51 years.
The property is rated to carry 5,000 crossbred ewes and 200 Angus breeding cows and atleast 17,500 dry sheep equivalent. These will be available for the successful buyer to purchase.
They produce around 5,500 prime lambs per year and up to 180 yearling cattle for market annually.
<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/2017/09/26/Yass2.jpg" alt="" style="font-size: 12.16px;">The animals are serviced by electric wool sheds, sheep yards, cattle yards and machinery shedding.
Around 75 percent of the property has been pasture improved.
On the parcel is a four bedroom brick managers residence and two staff cottages.
Chris Meares is marketing the property for the Meares online auction scheduled for November 8.
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Woodlea Park at Yass listed for sale

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Some rural property listings in Queensland are being initiated by a lot of door knocking, not always by agents say Herron Todd White.
This additional demand to find an asset at this high point in the market cycle suggests some caution and one hopes that proper due diligence is being considered in these buying decisions.
"Access to water is a key comment this month with the latest Queensland allocations release," HTW said.
"Roger Hill has provided a high level overview on this market relative to the previous three rounds and proves interesting reading.
"The access to, use of and reliability of water continues to be a strong driver for land sales where higher value crops or permanent plantings are replacing traditional land use.
"There is still capital for such new developments but nding the right combinations of land, water, region and supporting infrastructure is proving a challenge for this capital.
"Fingers are crossed for some good spring rains to lead into a better summer season for all broad acre industries and hopefully the continuing of positive on farm returns can be seen again in 2017/18."
Valley View, <a href="https://www.realestate.com.au/property-lifestyle-qld-goombungee-7918530" target="_blank">372 Goombungee-Meringandan Rd</a> Goombungee, Qld, is on the market with interest above $799,000.
The property features extensive fencing to suit horses including day paddocks and shelters as well as cattle yards with loading ramp, race and small round yard. 
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Some Queensland rural sales circumventing agents: HTW

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The expatriate billionaire hedge fund manager Sir Michael Hintze has again expanded his NSW farming properties.
He's spent $2,685,000 on 905 hectares at Wean, near Narrabri.
Sir Michael has a fortune estimated at $2.2 billion.
He is the founder of London-headquartered global fund manager CQS, with assets under management of $US13 billion ($17 billion).
Hintze was born in the Chinese city of Harbin where his family lived after fleeing the Bolshevik revolution in Russia.
The 64-year-old, who was an Australian Army captain, started his rural buy near Goulburn in 2007 with the priciest acquisition, a $12.5 million purchase of the 3,300 hectare grazing property Little Wollogorang from the Crookes clan.
His subsequent acquisitions, mostly in rural NSW, come close to $90 million including Deltroit, the Gundagai district 2573 hectare property.
His MH Premium Farms now owns more than 20 rural properties in Australia spanning more than 70,000 hectares across Australia from North Queensland sugar farms to Victoria.
The veteran hedge fund trader - who grew up in Sydney - doesn't have a home in the NSW capital.
He deemed his farming portfolio as an investment not just looking for capital gain from the properties but also seeking solid returns on farm production.
This article first appeared in the Sunday Telegraph.
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Narrabri buy for Sir Michael Hintze

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Sales rates for medium sized irrigation properties at between $500,000 to $1.5 million around irrigation has had strong improvement in the Echuca region, according to Herron Todd White.
HTW said value levels appear to be edging higher for irrigation holdings and it will be interesting to see how this progresses under the current water resource position across the irrigation districts.
"An improved forecast for farm gate milk price may spurn some interest though it is likely that most producers will have work to do to regain ground lost in the 2016/17 season," HTW said.
A 7.1 acre property at <a href="https://www.realestate.com.au/property-house-vic-echuca-126115282" target="_blank">133 Pianta Road Echuca</a> is on the market for between $499,000 and $548,000.
The property features two lockable sheds, a work shop or tack shed and a 3/4 meg Dam, with 4meg of high-security water.
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Market ripe for medium sized irrigation properties in Echuca

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A 117 acre farm at Tasmania's Wynyard has been listed for auction.
Located at <a href="https://www.realestate.com.au/property-lifestyle-tas-wynyard-7921838" target="_blank">66 Table Cape Road</a>, the property has approval for new residence and two additional villas with ocean-views.
It features the award winning Aquila Barn, a boutique accommodation businesses that has views down the valley to Wynyard and the hills beyond.
The farmland also operates as a grazing property on basalt soils.
Aquila Barn features an open plan design and won an excellence award in design innovation and construction.
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Aquila B&amp;B is a twin bedroom suite with its own lounge and shower bathroom.
It features a deck under the Fuji Cherry Tree canopy wit views over the Pinot Noir vineyard.
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The property is auctioned on October 20 through Tony Maguire of Landmark Harcourts.
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Wynyard, Tasmania farmland property listed for auction

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Citrus and grape producers in Far North Queensland are looking for farms to development into table grape and lime orchards, with strong sales activity in the Mareeba Dimbulah area according to Herron Todd White.
HTW said there is also activity from sandalwood producers with two farms on good quality granite soils recently acquired at premium values. 
"An irrigation water shortage remains the main worry for farmers in the Mareeba Dimbulah irrigation area," HTW said.
"Two consecutive failed wet seasons is now likely to result in irrigators receiving only 60% of their nominated allocation, down from 75% the year before.
"Growers in the Atherton locality who rely on groundwater are likely to fare better on remain, on 75% of their nominated allocation. 
"Values of good quality red soil country continue to rise in the Atherton, Tolga and Kairi localities with a number of sales now over the $50,000 per irrigated hectare excluding structures.
"An avocado farm on good red soils at Atherton has sold for over $100,000 per irrigated and planted hectare excluding structures.
"The farm was planted to Hass variety avocadoes, which are currently in strong demand on the back of high fruit prices.
"Strong prices has led to a large increase in new Hass avocado tree plantings throughout all growing areas from Dimbulah through to Atherton."
A property in Dimbulah featuring <a href="https://www.domain.com.au/dimbulah-qld-4872-2013282307" target="_blank">146 acres of fenced boundary</a> is on the market for $3.4 million.
It features 2464 producing lime trees, a 4 Bedroom home plus 2 bed worker's quarters and new packing and machinery sheds.
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