For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

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<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

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The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

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Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

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Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

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The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

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The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

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According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

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Why now is the time to buy in Melbourne's premium apartment market

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

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

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

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Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

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Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

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

Rural

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The northern tablelands NSW rural holding, Brushgrove, is to be offered for sale by rural property specialists Meares &amp; Associates, Sydney, via Meares Online Auction.
The New England fine wool and beef cattle farm is 3,014 hectares (7,448.5 acres), <a href="https://www.realestate.com.au/property-livestock-nsw-uralla-7761129" target="_blank">23km west of Uralla</a>, 46km south west of Armidale, 112 km north east of Tamworth.
The holding was bought in about 2002 and initially run with sheep, and, in more recent times cattle. 
"With an increase in lamb and cattle prices, the ability to run approximately 12,000 DSE’s or 800 plus breeding cows should make Brushgrove an attractive investment proposition for either existing operators or investors looking to capitalise earnings in to rural property,” Chris Meares said
The Meares online auction commences September 29 concluding 3:00pm September 30.
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New England Brushgrove to Meares online auction

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Former Woolworths chief executive Paul Simons has spent $6.5 million on the 3159-hectare sheep and cattle property, Glencoe, east of Young on the NSW Southern Tablelands.
Glencoe, which has the capacity to run 18,500 sheep, sold through Landmark Harcourts Capital's Colin Medway for the Coles family.
Paul Simons told the Australian Financial Review he expects he will run about 12,000 sheep at the Boorowa property.
There are two homesteads, Glenalban and Currawidgee.  
Paul Simons already owns 1000-hectare property Euralie at Yass where he had breed superfine wool since the early 1980s.
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Paul Simons buys $6.5 million Young farm, Glencoe

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Company director Pat Handley has listed Shandon, his restored 19th-century Robertson homestead in the Southern Highlands.
The 17 hectare estate comes with <a href="https://www.realestate.com.au/property-acreage+semi+rural-nsw-robertson-120017953" target="_blank">$5.25 million hopes</a> through Margaret McCauley.
The former Westpac chief financial officer and his wife, Dianne bought it for $4 million in 2004 from the Tilley clan.
The Pearsons Lane house incorporates the 1860s stone residence built for the Pearson family. The Tilley brothers had the old silo adjacent converted by architect Kathy Barnsley into guest accommodation, topped off by a glass lookout.
The Handley's have upgraded their home in the US state of Montana, and will keep Palm Beach as their main Australian base.
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Shandon, the Robertson, NSW southern highlands farm relisted

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Local legends George and Kathleen Collier of the Byron Shire are looking to sell their rural lifestyle home at Mullumbimby.
The home has been a part of Collier family for the past 40 years, being used as a farming estate for the couple.
The property sits on over <a href="https://www.realestate.com.au/property-other-nsw-mullumbimby-7709627" target="_blank">40 hectares of land</a> marketed as making a prime investment for new tourist accommodation.
The price for the estate is disclosed through Paul Prior and Tara Torkkola, Byron Bay First National.
A similar estate in Mullumbimby, being handled by Property Now that also features 40 hectares of land currently has an asking price of $1.3 million.
<a href="https://www.realestate.com.au/property-other-nsw-mullumbimby-7709627" target="_blank"><img src="https://i1.au.reastatic.net/456x342/a1cc4ec708ffbff9871c9239c26131e5c6ea6bfaf5a82b34f0e7114cab9ed78d/main.jpg" width="456" height="342"></a>
 
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Mullumbimby 40 hectare offering

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London based agribuinessman Anthony Crichton-Brown has spent $6.06 million on Merrilla, near Goulburn, one of the finest heritage homesteads of Southern New South Wales.
He's now busy converting the 388 hectare prime agricultural grazing land from sheep to cattle. The farm comes with a homestead dating in part from 1838, one of the seven historic Chisholm family residences in the district, that was offloaded by the pioneering family in 1957 for $162,000. 
The estate, with Wollondilly River frontage, features a tennis court, pool stables and an ornamental lake.
The 73 year old Geelong Grammar-educated Robert Crichton Brown has long held significant farming holdings in NSW.
His father, Sir Robert Crichton-Brown, died in 2013, one of Sydney's most prominent businessmen and political figures from the 1960s to the late 1980s. He headed, or chaired, several significant companies including Rothmans of Pall Mall, the Commercial Banking Company of Sydney and the Lumley Group.
Merrilla was sold through Christie International agents Bruce Eason and Ken Jacobs by the Jigsaw fashion retailer Malcolm Webster and his wife, Eileen who bought it in 2002 from the publishing entrepreneur Deke Miskin.
Title Tattle first visited the property in 1995, ahead if it being sold by businessman Michael Darling who had paid $561,659 in 1984. Architect Howard Tanner undertook the extensive restoration and renovation over nine years for Darling.
Title Tattle recalls the names of former residents Edith and Alice Chisholm could be found etched in the front window pane.
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Merrilla, Goulburn sells to Anthony Crichton-Brown

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Waterview Estate, the 1913 Bundaberg homestead set on 4.7 hectares has been listed for July 31 Ray White Rural auction.
It is currently a family home, but was previously a bed &amp; breakfast and wedding venue.
<a href="https://www.raywhite.com/qld/bundaberg-north/1330391/" target="_blank">Peter Douglas at Ray White Rural</a> has the auction offering, marketing it as a "timeless piece of Queensland history."
The 2 Gavin Street, Bundaberg North waterfront property offered solitude in the middle of town, he said.
"With business interests the family have moved and offer this small piece of Queensland history for immediate possession," he said.
It last sold in 2012 at $1.15 million, with significant maintenace and improvements undertaken since on its Burnett River frontage.
Bundaberg was established in the late 1860s.
Timber was the industry that acted as a catalyst for the creation of a European settlement, lead by the sawmiller Samuel Johnston, who is credited as building the residence, albeit now relocated and with substantial modifications.
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Waterview Estate, Bundaberg July auction offering

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The Darling Downs rural market, dominated by anxious vendors or receiver properties for the past three to four years, was seeing farm sales activity that was beginning to restore confidence.
"There is no doubt pain still exists however some positive commodity trends and positive outlook in the meat, grains and cotton industries is starting to be reflected in confidence albeit a low basis," HTW July's rural report noted.
"The rains have been a very welcome sight in the month of June, especially as they fell as far west as Charleville.
"Falls of up to 50 mm have been recorded although it has been very sporadic. 
"The property market is still showing mixed signals at present.
"There has been some strong market indicators within the Taroom area underpinned by strong market competition.
"We are aware of a pending sale of a 2,500 hectare holding within that Wandoan/Taroom district, that if settled will provide another solid indicator.
"A number of unconfirmed settled sales are also pending within the Condamine area including that of Deepwater a 2,201.49 hectares broadacre Brigalow block. Basin Down, further west between Surat and St George was recently sold prior to auction."
Consisting of a 7,159 hectare aggregation ranging between Balonne River, the property is heavier country partly developed to cultivation and running back to transitional Bauhinia and Box country.
The property sold prior to auction on a WIWO basis, between circa $550 and $600 per hectare overall.
"Within the feedlot sector there has been some renewed activity with the reported sale of Opal Creek near Cecil Plains purchased by ACC and The Mount west of Forbes in NSW.
"Overall the activity in the market is a welcoming sign, given that it has been dominated by anxious vendors or receiver properties for the past three to four years now." 
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Darling Downs rural activity picks up: HTW

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Chinese billionaire Xingfa Ma has bought Wollogorang and Wentworth cattle stations on the Gulf of Carpentaria for $47 million.
Listed as one of the top 400 wealthiest men in China, according to Forbes, he already has agricultural WA land including Balfour Downs and Wandanya stations along with Ferngrove Wine Group and Emu Downs Station.
The newly acquired 705,700 hectare station comes with 40,000 head of cattle, the Australian Financial Review reported.
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Wollogorang and Wentworth cattle stations sell for $47 million

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Nagambie's Bob and Rosemary Scarborough have their 122-hectare, Wood Nook Farm listed for sale with $10 million plus hopes.
With frontage to the Goulburn River, the property with 1870s homestead is being marketed by Danny Thomas <a href="https://www.youtube.com/watch?v=5ldiIORALj4" target="_blank">CBRE Agriculture</a> for the Moonee Valley Racing Club chairman and his wife.
The horses of the leading thoroughbred breeders were dispersed last month at the Magic Millions 2015 National Sale.
With Group One winners including Final Card, Gallica, Gold Ace, Hit the Roof, Leica Guv, Light Fantastic, Marble Halls, Sleek Chassis and Stella Cadente, Wood Nook Farm was one of the best producing thoroughbred nurseries in Australasia.
“It is with heavy hearts that we are winding up Wood Nook Farm and dispersing our entire bloodstock portfolio and in due course selling the farm,” Bob Scarborough said after 21 years ownership.
<img src="https://images-2.domain.com.au/2015/06/25/6641731/Article%20Lead%20-%20wide997461978ghv6mpimage.related.articleLeadwide.729x410.ghv2l6.png1435274682092.jpg-620x349.jpg" alt="Moonee Valley Racing Club chairman Bob Scarborough is selling the landmark Wood Nook Farm.">
“Rosemary and I have really enjoyed our time at the races and sales over the years and have been lucky to enjoy so much success.”
“I’m approaching 70 and we have decided that this is the right time to disperse our bloodstock,” Bob added.
“The thoroughbred racing and breeding industry has been fantastic to us and we have met most of our close friends through the industry, but it’s time for a complete lifestyle change. We plan to travel and spend more time with our six grandchildren who are growing up too quickly.”
“We won’t be lost to the racing industry as I will continue on as chairman of the Moonee Valley Racing Club and remain dedicated to its future success and growth and will also remain on the Australian Pattern Committee.”
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Scarbourgh family list Wood Nook Farm, Nagambie

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AACo chairman Donald McGauchie is determined the cattle company operates at the top of the price pyramid with every product, from is award-winning Wagyu beef, its live export cattle and its manufacturing beef from the Livingstone Beef processing facility.
"We are determined that every piece of beef we produce is of the highest-possible quality to deserve that premium pricing," <a href="/news/aaco-seeks-to-beef-up-its-branding-as-wagyu-wins-contracts">he told shareholders recently</a>.
The focus drove a 42% increase in boxed beef sales to $267 million, comprising 77% of the company’s revenue in the 2015 financial year, up from 59% in the previous financial year.
The company recently completed construction of the $91 million Livingstone Beef processing facility at Darwin enabling the selling of boxed beef to global markets including Asia and the United States. Livingstone IS a 45-minute drive south of the Northern Territory capital, that cost more than $90 million.
"Building our brands is the next stage of transforming and growing the business as Australia’s oldest listed company, AACo has a long, rich and vibrant history which is a powerful and attractive brand in itself," he advised.
Its Wagyu success story sees Fire &amp; Ice in Dubai, Tosca in Kuala Lumpur, Cha Cha Char in Brisbane and in Sydney, Sake and Restaurant Atelier among the fine dining restaurants who serve AACo Wagyu to their diners
"Our Wagyu continues to win awards for its taste and tenderness, with AACo’s flagship Master Kobe Wagyu named Grand Champion Beef at the 2015 World Wagyu Conference at Yeppoon in May," he said.
Last year the company’s Darling Downs Wagyu was named the Champion Wagyu at the Sydney Royal Spring Fine Food Show and won Gold medals at the prestigious Royal Melbourne Fine Food Awards, Australia’s premium fine food awards, and the Royal Queensland Food and Wine Show in May this year Darling Downs Wagyu was named the Grand Champion beef of the Royal Queensland Food and Wine Show.
He suggested AACo was at the forefront of technology, genetics and helping to set direction for one of the most exciting and rapidly growing food markets in the world.\
"Wagyu now comprises almost 42% of all boxed beef sold by the company, but makes up 52% of all boxed beef revenue.
"More importantly, the success of our Wagyu program provides us with the opportunity to create premium and super-premium brands we can leverage for our other beef brands.
"It also allows us to build certainty with our customers, and build longer-term relationships because it demonstrates the effort we are putting into building sustainable brands," he said.
Boxed beef revenue increased by $79 million in the 12 month to March 31, while cattle sales decreased by $49 million.
Beef sales revenue increased to $267 million, while live sales of cattle to third parties from feedlots was significantly reduced, in line with its strategy of maximising value through the entire supply chain.
Prime Minister Tony Abbott formally opened The Australian Agricultural Company’s Livingstone Beef facility near Darwin earlier this year.
The facility, which began operations in October last year, will eventually have the capacity to process 220,000 head of cattle a year on a two-shift-a-day basis. 
In July last year, the company purchased Pell Airstrip and Tortilla near Darwin, which acts as a hub for the company’s activities in northern Australia, including the Livingstone facility.
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