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

Joel Robinson

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.

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.

<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" />

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, rooftop open space 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.

Ceerose, founded by Edward Doueihi in 1998, has become one of Sydney's more active apartment developers, 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

Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

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The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<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/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Rural Sale

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The Hyles family has sold Woodlands, its 1157-hectare grazing property in Bungendore near Canberra for $3.53 million.
It came after more than 150 years of ownership.
Woodlands sold via online auction to an undisclosed buyer with the winning bid $525,000 above the reserve price
The property includes an original four-bedroom 1870s homestead built by Richard Hyles for his Australian wife Jessie, and their 10 children.
The Hyles, who came to Australia from England in 1836, were pioneer settlers in the region.
Woodlands has been passed down through five generations of the Hyles family.
Meares and Associates offered the <a href="https://www.realestate.com.au/property-livestock-nsw-bungendore-7850266" target="_blank">1157 hectare property at online auction</a> on November 15-16.
Situated eight kilometres south of Bungendore with views northwards to Lake George, Woodlands is under three hours’ drive from Sydney.
Although still managed successfully as a commercial grazing operation, based on Merino sheep, the property has obvious potential for subdivision up to a maximum of 14 lots, to meet the steady demand from Canberra for small holdings. 
More than 200,000 pine trees have been planted, either in a 120ha dedicated woodlot or in strategic shelter belts.
Average rainfall is 640mm and the property is watered by 43 dams, an equipped bore and semi-permanent creeks.
As presently managed, “Woodlands” is operated as a woolgrowing concern, with a self-replacing Merino flock of Hazeldean bloodlines producing adult fleeces of 4.5-5kg and 19-19.5 microns.
In recent years a proportion of the ewe flock has been mated to Border Leicester rams to produce first-cross lambs, the ewe portion of which has commanded ready competition at the annual regional summer restocker sales.
The property’s estimated carrying capacity of 2600-3000 DSE offers considerable upside potential, with further investment in pasture establishment and infrastructure.
Bidding for Woodlands had been expected to fetch $2.8 million to $3 million.
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jchancellor-FAypfDUnLy

Woodlands at Bungendore near Canberra sold

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Wine growing land in the Mildura region is catching the eye of big wine companies as a number of large grape vineyards are purchased with the intention of redevelopment into almonds or table grapes according to Herron Todd White.
Herron Todd White's, November rural report said despite no substantial increase expected in wine grape prices for next year, wine companies now feel a need to once again compete to source grapes due to a combination of reduced supply and improving export markets.
"A 60 hectare vineyard at Gol Gol and a 46 hectare vineyard at Wargan purchased by established table grape growers for redevelopment," the report said.
"These sales follow closely behind the sale of the 900 hectare Del Rios vineyard at Kenley which is in the process of being developed to almonds and the 200 hectare vineyard at Nangiloc which is being converted to dried fruit.
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"Further eroding the available supply of grapes is the recent purchase of around 320 hectares of wine grapes in the Sunraysia region by China’s third largest wine maker, Weilong Grape Wine Company. This potentially removes approximately 6,000 tonnes of fruit that has historically been sold to local wineries. Weilong has also negotiated to buy land close to Mildura on which they intend to construct a winery, presumably to process their own fruit, but potentially also buying fruit from local growers.
"The NSW Government has recently announced plans to construct a $320 million pipeline connecting Broken Hill to the Murray River, a distance of 270 kilometres. This announcement followed a period of uncertainty for the 18,000 residents, who have relied on the Menindee Lakes for drinking water. With the lakes having run dry three times in the past 13 years, there is clearly a need to shore up their supply.
"While the decision is no doubt welcome for Broken Hill, it appears to ignore the needs of irrigators below Menindee who were hoping for a policy that would ensure that greater volumes of water would be stored at Menindee in the future."
Property Observer found a 7,339.00ha property with almond and wine grape farms on the market at <a href="https://www.realestate.com.au/property-other-vic-mildura-7695503" target="_blank">1 Thurla Rd Mildura</a>.
The property currently has 565 acres of almonds, 291 acres of premier wine grapes, 16 acres of avocado plants and 250 acres of commercial lucerne.
It also features 2000 acres under spray irrigation for the production vegetables, potatoes &amp; lucerne.
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jonathanchancellor-7SQnKwU6yx

Agricultural diversity driving Mildura land market: HTW

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A significant dairy farm enterprise in the Port Campbell district has been listed by Ruralco for December 9 auction.
The sale is two adjoining farms with a combined land area of 266.35 hectares.
They are currently operated as one single farm unit, while each farm has a comfortable timber family home on the respective properties.
It is located about five kilometres north of the Port Campbell township and seventeen kilometres south of Timboon.
Major milk and cheese processing infrastructure is available nearby, while the farm is currently a Murray Goulburn supplier.
The eastern property fronting Eastern Creek Road comprises an area of 159 hectares and includes a 40-unit rotary dairy dating from 2007 with a 12,000 litre milk vat, 360 cow capacity yard and a 30 tonne capacity feed silo.
The adjoining second holding of 107 hectares also includes an older style 15-a-side double-up herringbone dairy with a 6,200 litre milk vat, a 250 cow capacity cow yard also a 30 tonne capacity feed silo and a Dairy King feed system.
This dairy was last used for milking in August 2013.
It is judged as being ideal for a farm employee or manager by Ruralco Property agent Peter Worden.
The entire property is currently being operated under the management of Simon Richardson, who says he is comfortably milking up to 300 cows, but with some further investment in development this could be increased to about 600 milkers.
Worden says that the auction is to resolve financial matters relating to a corporate owner.
He anticipates a sale price in the region of $2.6 to $2.9 million.
"I think everyone appreciates that the dairy industry has faced difficult conditions in the main beyond the control of the individual family farm or dairy operator," Worden said.
"This auction is to clear a path forwards and under more normal dairy industry conditions offers of this nature would not be occurring."
"Ï think this offer for sale needs to be judged as an opportunity at what is likely to be close to the cyclical low of the industry and this is a well-regarded and highly productive dairy district of Victoria."
The website <a href="https://www.weeona.com.au">www.weeona.com.au</a> has the offering.
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j.ballantyne1990-6AQqhLzZaK

Murray Goulburn milk supplier farms at Port Campbell set for auction

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Denistoun Park, the 28 ha Mornington Peninsula property stabling the horses of Jason Warren Racing, has been listed for sale.
The Tuerong property is located at <a href="https://www.realestate.com.au/property-other-vic-tuerong-7851142" target="_blank">355 Balnarring Road</a>, an hour from Melbourne.
Jason Warren and wife, Yasmin purchased Denistoun Park in 2010.
"It wasn't a decision we took lightly," <a href="https://jasonwarrenracing.com.au/trainer-profile" target="_blank">he told TVN's Jason Richardson</a>.
It is a prime thoroughbred racing property previously leased to horse trainers, the Freedman Brothers.
Set at the end of a towering gum drive, the property offers a 1650 metre irrigated grass track, sand track, 68 stables, 60 meter straight pool, two walkers, sand arena and 60 post and rail paddocks with loose books providing a unique onsite training and spelling options.
It is near Balnarring Beach.
The property is offered through RT Edgar agents Lisa Fraser-Smith and Holly Longmuir.
Offers are due 10 November.
A lease back is possible.
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Denistoun Park at Tuerong for sale

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The international punter and horse racing owner-breeder, Paul Makin and wife Lyndal have paid $4,025,000 for a rural retreat in far New South Wales.
Located between Byron Bay and Bungalow, it's a 14 hectare Talofa ranch style property with larger than usual homestead.
The contemporary four-pavillion, log cabin-style home was built by an American couple, Rebecca and Richard Korhammer. 
It overlooks open paddocks, a dam and mature gardens. Listed through Unique Estates agent Nicolette van Wijngaarden, it had been earning $250,000 per annum in holiday rental income.
Makin, who is almost 80, has been living in Hong Kong but is moving back to be closer to family to Australia. The couple recently sold a $4 million Main Beach, Gold Coast apartment and secured an apartment in Brisbane's Riparian Plaza complex.
Makin, who as a boy sold Sydney newspapers at the Doncaster Hotel, hails from Kensington.
He has seen racing success all over the world.
Starcraft was his best known horse which Makin shipped off to England-based trainer Luca Cumani in 2005.
In half a dozen starts for Cumani, Starcraft won two of Europe's most important mile races, the Prix du Moulin in France and the Queen Elizabeth Stakes in England.
Makin almost retired five years ago, but is back with Marcel, who is at stud at Newmarket, and Marcel’s half-brother who will be trained by Peter Chapple-Hyam, the former husband of expat horse trainer Jane Chapple-Hyam.
This article was first published in the Sunday Telegraph.
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Horse breeder Paul Makin buys Byron hinterland retreat

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Strathvean, in the Eastern Riverina just outside Tarcutta, has been sold prior to online auction by Sydney rural property specialists Meares &amp; Associates.
There had been a price indication of $3.8 million to $4 million.
The purchasers are a farming family from the Murrumbidgee Irrigation Area who intend on moving away from irrigation into livestock production.
This highly intensive and diversified <a href="https://www.meares.com.au/search-properties/details/Strathvean" target="_blank">holding comprises 888.3 hectares (2,195 acres)</a> of predominantly productive arable flats and undulating valley floors, with some timbered ridge lines, making it ideally suited to both breeding and fattening of sheep and cattle.
Strathvean was owned and operated by the Gaskin family for over 25 years and they are now looking to enjoy retirement.
Strathvean had previously carried 400 cows on a self-replacing herd basis, growing out their progeny to 400-480kg liveweight selling direct to Rangers Valley Feedlot. The success of the beef enterprise has over the years been underpinned by the piggery, which todays boasts a capacity of 3,000 grower pigs at any one time.
A feature of the property is the four to six bedroom homestead, originally built in the 1870s, and with extensions completed in 1996-1997. 
Chris Meares said Strathvean received 12 serious enquirers looking to inspect. 
"With the capacity to run 7,000 to 8,000 DSEs, combined with the piggery operation providing the ability to generate serious income from day one proved to be the catalyst for the high number of enquiries and its eventual sale”, Meares concluded.
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Strathvean sold in the Eastern Riverina

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<img src="https://counter.theconversation.edu.au/content/66750/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Gina Rinehart has partnered with a Chinese company to buy the giant Kidman pastoral empire, after two previous bids by Chinese buyers were rejected by the federal government.
Under the proposed sale Hancock Prospecting and Shanghai CRED are forming a joint venture company, Australian Outback Beef (AOB), owned 67 percent by Hancock and 33 percent by Shanghai CRED.
The sale is worth a net $365 million after the carve out of Anna Creek station in South Australia, valued at about $14-$18 million.
Of three bids for the Kidman land, this is the first with majority Australian interests. The privately owned Shanghai CRED was involved in the earlier bids, both of which were knocked out by Treasurer Scott Morrison. It has recently bought land in Western Australia.
But the offer must run the gauntlet of the federal government’s foreign investment regime which means being examined by the Foreign Investment Review Board, with approval or rejection then up to Morrison. It is also subject to various Chinese government approvals.
It is thought this bid, with its majority local ownership, is likely to be better placed than the earlier ones to navigate the hurdles.
Its 33% foreign ownership is marginally below the 33.9% present foreign ownership – mostly British - of Kidman.
Gina Rinehart is also very close to Deputy Prime Minister Barnaby Joyce, who has been a critic of the Chinese push for Australian land.
The offer is conditional on the sell off of Anna Creek and the Peake, an associated property, to other Australian grazing interests.
Anna Creek overlaps the Woomera test area and security considerations were key to the rejection of the first of the two previous bids, although the total amount of land involved was also a major factor.
The rejection of the second bid came shortly before the federal election, when Chinese investment was seen as an issue.
The Kidman empire has 19 individual properties operated as 12 enterprises, including 10 cattle stations, a bull breeding stud and a feedlot.
It has pastoral leases covering 101,000 square kilometres across South Australia, Western Australia, the Northern Territory and Queensland, and an average herd carrying capacity of 185,000 cattle.
Rinehart, chairman of the Hancock group, said: “Kidman is an iconic cattle business established more than a century ago by Sir Sidney Kidman. It is an operation founded on hard work and perseverance by an outstanding Australian, and it is an important part of Australia’s pioneering and entrepreneurial history.”
The CEO of Hancock, Garry Korte, said the quality of the Kidman herd and channel company properties would complement Hancock’s existing northern cattle properties, and align well with Rinehart’s plans to build a diversified cattle holding in Australia. The Hancock family started their first cattle station in north west Australia.
Principal of Shanghai CRED, Gui Guojie, said partnering with leading local business Hancock had already proved a productive approach and he looked forward to having the opportunity to work with Hancock through the Kidman investment.
The Kidman business went on the market nearly 18 months ago and more than 600 interested parties have held discussions with the sales manager Ernst and Young.
Michelle Grattan is professorial fellow, University of Canberra, and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/michelle-grattan-20316" target="_blank">here</a>.
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Scott Morrison to rule on Hancock-Chinese bid for Kidman cattle empire

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The Earl of Stradbroke's rural property, Mt Fyans in the Western District of Victoria is set to be sold for about $34 million.
The mooted buyer is Harmony Beef and Cattle, a company ultimately owned by the major Chinese group He Sheng.
<a href="https://www.realcommercial.com.au/property-commercial+farming-vic-dundonnell-501469923" target="_blank">The Mt Fyans aggregation</a> covers 5900 hectares amassed over 25 years by the Earl, Keith Rous. 
It carries a Black Angus herd of some 2800 breeders and 2000 sheep for prime lamb production.
Its eight bedroom historic homestead was built in the mid-1880s on the back of success of the Geelong brewery.
In 1883 William Cumming commissioned Warrnambool architect Andrew Kerr to design the elaborate homestead, which was completed the following year. An earlier homestead, and woodshed, had featured in a <a href="https://shop.nga.gov.au/cards/greeting-cards/mt-fyans-homestead" target="_blank">Louis Buvelot</a> painting held by the National Gallery of Australia.
One of the largest farms in the Western district of Victoria, Mt Fyans at Dundonnell was offered last year on a walk in walk out basis.
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Earl of Stradbroke set to sell Mt Fyans to Chinese buyers

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It's not just the cane toads coming across the border.
Darren Lockyer, the Brisbane Bronco and Maroon legend, and his wife Loren have bought a weekender property just inside NSW.
Rather than Noosa, Port Douglas or Surfers Paradise, the Brisbane based Channel 9 commentator has spent $770,000 at little known, Crystal Creek.
It got him <a href="https://www.realestate.com.au/sold/property-acreage+semi-rural-nsw-upper+crystal+creek-122377478" target="_blank">a four hectare estate</a> in the lush Northern Rivers district, near Murwillumbah.
It has been an equestrian property featuring a dressage arena, stables and electrified paddocks.
But Lockyer tells me he and wife, Loren have other plans for their family of three boys.
"We intend to use the property as a hobby farm for our children including quad bikes, motorbikes and farm animals”
There's a three bedroom main homestead and separate one bedroom accommodation. 
They have done well as the property had been on and off the market for over five years. It's initial asking price was $1 million.
Northern Rivers agent Wally Trankle says the buying interest from north of the border had increased as roadworks made the travel time to Brisbane a quicker trip for weekenders.
In recent times the NRL star has become a property mogul since his 2011 retirement, although he's been interested in property since he was a 16 year old apprentice builder. 
During a mid-90s overseas tour with the Kangaroo's he got up at 2.30am the morning of a test match to participate an auction over the phone.
It worked out well for the versatile five eighth, who secured the house over the phone and the team won the test.
Darren has owned in New South Wales before. He had a Hillsdale investment property that he sold for $900,000 off the market in January this year.
Lockyer, now a rugby commentator, is considered one of the most successful players in history.
He closed the book on a glittering career in 2011 having won four grand finals, a record six consecutive State of Origin series wins and a World Cup in his 17 year career. 
It's not all one way traffic into northern NSW. Melbourne Storm star Billy Slater and wife, Nicole sold their redundant Byron Bay hinterland retreat earlier this year.
He had rarely found time to visit let alone renovate.
Some of the Crabbes Creek locals were hoping for a rugby academy, but Slater instead took the bullish $1.375 million offer.
Slater had told the Telegraph in 2014, he fancied himself settling down on the 36 hectare property to train a few horses as a hobby.
This article was first published in the Saturday Daily Telegraph.
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NRL's Darren Lockyer buys NSW weekender

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A 17,000 acre mixed farming station holding, one of the largest in Victoria’s Western District, has been sold for an undisclosed amount with the buyer emerging as Laguna Bay Agricultural Fund 1.
Reports suggest the sale was for around $20 million. Laguna Bay is a specialist small Australian agricultural assets fund manager which invests on behalf of US pension fund giant, the Washington State Investment Board and other investors.
The property, Banongill Station, is 8km from Skipton and 45 minutes drive from Ballarat includes 30,000 sheep, 2,400 Angus cattle, a full complement of station plant and equipment, and 3,700 acres (1,500ha) of winter cereal cropping land.  
The off market sale was managed through Colliers International’s national director of Rural &amp; Agribusiness, Shane McIntyre on behalf of private owners Stewart and Sue Gull.
McIntyre said Laguna Bay secured Banongill Station as they recognised it to be a ‘best in class’ rural property,” he said.
Vendor Stewart Gull said when he bought Banongill, the wool market was very depressed, so we thought it was important to have diversity and in particular, a stronger focus on cropping.
 “In our first year here, the only revenue was the wool cheque, we have created a balance of wool, fat lambs, beef and cereals. We have continually tweaked each of the areas in search of improvements, including the genetics of our sheep and cattle," he said.
The Banongill Station homestead was established in 1853, when it was separated from Borriyalook station, owned by pastoralist and philanthropist Francis Ormond, the founder of the University of Melbourne's Ormond College.
The original 1853 bluestone cottage forms part of the kitchen in the more recent 1905-built homestead.
It is surrounded by 5 hectares of landscaped show gardens designed by William Guilfoyle, the designer of the Royal Botanic Gardens.
There were rumours in 2012 that the RIFA group were negotiating to buy Banongill Station, but these were denied by the former VFL footballer turned Ballarat property developer Stewart Gull.
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