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;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<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;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<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.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<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;

Joel Robinson

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.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

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.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

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

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Rural Sale

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Expatriate Australian billionaire Michael Hintze has spent some small change to buy another Queensland sugar cane farm.
The $9 million bought the 457 hectare parcel from Sugar Water Pty Ltd.
The London-based hedge fund founder has amassed one of Australia's biggest farm portfolios, with acquisitions totalling about 50,000 hectares since 2007.
His private pension funder, MHPF, has spent about $142 million on the land and water purchases.
His Queensland sugar cane farms purchases marked a shift away from its 15 acquisitions in NSW, which include mixed farming of wool, prime lambs, cattle and winter cropping.
Hintze's buying spree began when he spent $12.5 million for a Breadalbane property in July 2007.
He is the founder and senior investment officer of CQS Management, a London-based hedge fund with assets of $US10.5 billion.
Trained as an engineer, he is a well-known philanthropist, with beneficiaries including the University of Sydney and the Vatican's Victoria and Albert Museum. 
His name has been in the British headlines for the past few months given the vote for Britain to leave Europe.
Rare with his public pronouncements, Hintze has said he was not just looking for capital gain from the properties. He says he seeks solid returns on production.
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jchancellor-FAypfDUnLy

Michael Hintze buys another Queensland farm for $9 million

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The West Australia farm, Yathroo, covering almost 12,000ha at Dandaragan, has been sold by its Kuwaiti owner to Wagin couple Mat and Jade Stoney.
It is understood the Stoneys will transform Yathroo for cropping and cattle production.
Yacoub Yousef Al-Homaizi farms 50,000 sheep and lambs with about 2000ha set aside to grow crops sine he bought it more than two decades ago from bsuinessman Alan Bond 
It was sold by Elders agents Malcolm French and Andrew Farson.
<a href="https://www.realestate.com.au/property-mixed+farming-wa-dandaragan-7791386" target="_blank">Yathroo</a> was founded soon after a settler expedition in 1848.
It still comes with its original 1855 homestead, set about 165km north of Perth.
The Al-Homaizi Group was founded by Yacoub Yousef Al-Homaizi, now in his 80s, who was a major force in the economic and social development of Kuwait.
Around $40 million was tipped.
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Yathroo, WA farm sale by Kuwaiti

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Investor Anthony Crichton-Brown has expanded his Western Riverina landholdings with the purchase of Natue Station at Booligal from its longtime owners, the Robinson family. 
The 16,000 hectares was settled in the 1880s by Henry Wilton Robinson, managed principally as a Merino sheep enterprise. 
The property was put to the market by Sam Triggs at Inglis Rural Property.
Crichton-Brown, a former chairman of Lumley Insurance in London who divides his time now between Australia and the UK, is already a substantial landholder in the Hay district.
Natue Station has 13km of double frontage to Merrimajeel Creek, extensive water systems, well-maintained improvements and a five-bedroom homestead built in the 1980s.
No price has been disclosed for the sale of Natue Station, but Sam Triggs told The Land that grazing land in the Booligal region was typically selling between $250-$375/ha ($100-$150/ac) depending on the standard of improvements. 
It represents a portfolio of three pastoral stations which have been held by a single family for over 130 years. 
Natue Station, the headquarters of the aggregation, accompanied by Box Creek Station and Fairleigh Station form to provide critical mass and economies of scale with close to 60,000 acres of renowned Riverina grazing country.  
The Natue Station aggregation is offered 'As-A-Whole' and in three parcels, including:
- Natue Station: 9,685.6 ha (23,933.11 ac)*
- Box Creek Station: 9,150 ha (22,609.65 ac)*
- Fairleigh: 5,142 ha (12,705.882 ac)*
- Total area: 23,977 ha (59,248.64 ac)*
The grazing land, with Lachlan River and Merrijameel Creek frontages, was suitable for sheep and cattle with scope for irrigation development.
"Seldom does the opportunity to secure a large scale, fertile and long held Riverina pastoral holding," said Sam Triggs at Inglis.
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Natue Station sold to Anthony Crichton-Brown

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Mundarlo's Deltroit Station, one of the standout pastoral holdings of the Eastern Riverina, has been listed for sale.
It is less than three years since it was bought by the Brisbane-based investment company, Australian Pastoral Group (APG).
The 2548 hectare (6296ac) grazing and cropping property, with 1902 homestead situated 33 kilometres south of Gundagai in the Hillas Creek valley, was bought by APG in 2012.
It became the administrative flagship of APG, a company established by Alan Hayes, who was previously the founding chief executive of Paraway Pastoral Company for Macquarie Bank.
APG’s two other stations, the 141,000ha Neumayer Valley in the Gulf of Carpentaria, and the 6000ha “Kinbeachie” at Goondiwindi in south-west Queensland are also for sale through Inglis Rural Property.
Offers are closing May 19, with Inglis’ sales manager, Sam Triggs, suggesting in the $18-$20 million range, given the property’s proven productivity and high standard of improvements.
Taken up as a selection in 1866 by William and John Richardson, Deltroit Station remained in Richardson descendants’ ownership for nearly a century.
Subsequent owners included US-based King Ranch principal Robert Kleberg, the Adelaide-based Barr-Smith family, and former Lumley Insurance chairman Anthony Crichton-Brown who was the 2012 vendor.
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Deltroit, Mundarlo listed by APG

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Shanghai Pengxin and its partner Australian Rural Capital have been assigned preferred bidder status for Australia's largest rural landholder, S.Kidman &amp; Co. 
It followed a Kidman &amp; Co board meeting last week. 
The Foreign Investment Review Board has yet to make a decision on their rumoured $350 million bid. 
S. Kidman &amp; Co is Australia's largest private rural landholder spread across 11 cattle stations in South Australia, Western Australia, the Northern Territory and Queensland.
FIRB rejected an initial offer from Shanghai Pengxin last year with its standalone offer after concerns were raised about its proximity to the Woomera weapons testing range in South Australia. 
Pengxin now has a local partner, Australian Rural Capital, which is expected to manage the land should the bid be successful.
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Kidman sale to Shanghai Pengxin syndicate nears

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A tenanted commercial property in Australia’s cotton capital Wee Waa in New South Wales has fetched $830,000 at a Burgess Rawson auction.
The vendor tenant, Landmark, is owned by Agrium Group, a retail supplier of agribusiness products and services with revenue of US $16 billion in 2014.
Landmark has 400 locations across Australia.
The <a href="https://www.burgessrawson.com.au/2P1116#.VrC6-seO6t8" target="_blank">70 Boolcarrol Road</a> property is on a secure five-year lease from June 2012 with further options till 2027.
Net income from the 9,560 sqm corner site is nearly $93,999 pa + GST. The lessee pays all statutory outgoings, as per lease.
The property recently underwent upgrades to the tune of $400,000.
Wee Waa is one of Australia’s biggest agricultural hubs situated in the rich Lower Namoi Valley agricultural heartland.
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prateek24-ezbwHMbNAk

Arguim sell Landmark Wee Waa commercial premises for $830,000

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Despite suggestions Ernst &amp; Young is close to selling the Kidman family’s ­vast cattle estate, new potential buyers have reportedly emerged.
The Melbourne based Fox family who own Linfox have been pinpointed as a late interested party.
Fairfax Media suggested the $3 billion Linfox logistics empire founded by trucking magnate Lindsay Fox - now largely run by three of his sons Peter, Andrew and David - had the desire and financial capacity to lodge a serious bid for Kidman.
Andrew Fox runs the company’s property division and is understood to have held recent talks with senior government officials about making a potential offer.
The preferred Hunan Dakang bidders had been thought as set to re-emerge with an Australian partner to buy all the Kidman property except the defence sensitive Anna Creek at a price a little below the original bid at $370 million.
Australia's biggest private rural landholding, which includes the world's largest cattle station, is up for sale by the pioneering pastoralist company, S. Kidman and Co. 
Eleven cattle stations covering more than 100,000 square kilometres are being offered through Ernst and Young Adelaide.
S. Kidman and Co. is 98% owned by members of the Kidman family, represented by 58 shareholdings. Not all wanted to sell, The Land reported earlier this year, adding last financial year the company reported a net operating cashflow of $9.3 million and paid dividends of 20 cents a share. 
But it recorded a net after tax loss of $1.4m as herd numbers declined 15 per cent because of tough seasonal conditions to 182,350 head, and their livestock market value fell about $10 million to $97.4 million.
The cattle king Sir Sidney Kidman's first purchase was in 1886: Owen Springs south-west of Alice Springs.
The business still has cattle stations across Western Australia, the Northern Territory, Queensland and South Australia. 
Anna Creek Station in South Australia's outback, with defence security proximity concerns, is the largest at 23,000 square kilometres. 
The other holdings include Helen Springs in the Northern Territory and Ruby Plains in Western Australia, Durham Downs, Durrie, Glengyle, Morney Plains, Naryilco and Rockybank in Queensland; Innamincka, Macumba and Tungali in South Australia where the company is headquartered.
Property Observer first reported the S.Kidman first cattle empire was set for sale on 14 December here.
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Fox family keen on Kidman farms?

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Australia's richest person, mining magnate Gina Rinehart, has bought Glencoe Station in NSW's Dubbo district, according to The Land.
It is for her expanding Wagyu beef operation.  
The 10,000-hectare property purchase was from the former Meat and Livestock Corporation chairman Dick Austen.
The property's Hartley Grazing Company listed 1000 angus cows for sale in Fairfax's The Land newspaper heightening bush rumours that Mrs Rinehart's intention is seemingly to replace the angus with the Wagyu breed.
Glencoe Station was bought off-market deal through Colliers International agent Richard Royle.
Her plans to buy four cattle holdings in Western Australia fell through after a breakdown in negotiations earlier this year, but she purchased the Kimberley region Fossil Downs cattle station in a sale worth about $30 million. 
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Gina Rinehart buys Glencoe Station

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Hunter Valley tourism entreprenuer Matt Cowley has sold his private Polkobin vineyard estate, Hillside for $4 million. 
<a href="https://jurds.com.au/listings/rural_sale-173891-pokolbin/" target="_blank">The pavilion style home overlooking a lake at the 46-hectare property</a> was recently bought by Victor Virgona and his wife Maree after being listed through Alan Jurd of Jurd's Real Estate.
It fetched the same price Matt paid for in 2010 when he bought the property from Francis Johnson and Patricia Hume, the HR entreprenuer pair.
Selling agent Alan Jurd acknowledged the marketplace for pricey lifestyle property in the Hunter Valley had been challenging ever since the global financial crisis in 2008, but was showing early signs of recovery. It also sold in 2005 at $4 million.
It's the highest weekender sale since nearby Verona sold earlier this year at around $3.8 million. 
The prior owners of the trophy Hillside estate included former Time magazine chief, late Ed Barnum and his wife Rena. He was distantly related to P.T. Barnum, the showman of Barnum and Bailey fame.
The four bedroom, four bathroom Hillside, set on Marrowbone Road, has a tennis court, pool and an expansive vineyard, which had been planted by winemaking family the Drayton's almost five decades ago. The vineyard produces shiraz, traminer, verdelho and chardonnay. 
Matt and father Ken, the former News Corp chief, sold their Tower Estates, which included the wine business, in 2013 to Michael Hope. 
They retain ownership of the up-scale hotel Peppers Convent along with its popular restaurant, Circa 1876.
Victor and Maree had been previously active too in Hunter Valley tourism with links to Pokolbin Village, but are best remembered as setting a $20 million Balmoral record in 2005.
This article was first published in the Saturday Daily Telegraph.
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Hillside, Polkolbin resells again at $4 million

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Details on the sale of Tongy Station, the 4,637 ha property located in northern NSW at Merriwa, have started to emerge.
Property Observer <a href="/news/tongy-station-merriwa-under-offer">reported last week it was under offer</a> having been offered with $20 million plus hopes. The bush telegraph suggests close to $24 million.
Its buyer has been confirmed as an Sydney investor, amidst strong competition from across Australia and abroad, selling agent, Richard Royle of Colliers International said.
“The buyers, who wish to remain confidential, are a Sydney family with existing rural interests in Australia. It will provide the new owners with an enviable lifestyle and a premium agricultural asset.” 
“We conducted 27 inspections over the five week campaign, and received 13 offers.
"Some  85% of the offers submitted were from domestic buyers, however, we experienced interest from across the globe, ranging from wealthy individuals, to family offices, companies and funds.“
The talk is it has stayed within the establishment family, a familial buyer.
Tongy Station, professionaly managed by Mutual Trust who also assisted with the sale, dates back to the 1820’s, when Richard Fitzgerald, an ex-convict who arrived on the third fleet in 1791, was lead to Tongy by local Aborigines. 
In 1825 he was granted freehold title of Tongy by Governor Bourke for his services to the colony through Agricultural management. W. L. Baillieu, relative to one of the oldest families in Victoria, purchased Tongy in the 1920’s from Richard Fitzgerald’s five granddaughters and it has remained in the Baillieu family ever since. 
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