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.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<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.

[smartcode_project:default project_id=147685 project_image_fid=359127]

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.

[smartcode_project_cta:default project_id=147685]

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."

[smartcode_project:default project_id=1979 project_image_fid=363268]

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.

[smartcode_project:default project_id=1979 project_image_fid=363229]

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.

[smartcode_project:default project_id=1979 project_image_fid=363284]

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."

[smartcode_project:default project_id=1979 project_image_fid=363228]

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."

[smartcode_project_cta:default project_id=1979]

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.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

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

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

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

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

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

Wheat

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GUEST OBSERVATION
Climate change has already <a href="https://onlinelibrary.wiley.com/doi/abs/10.1111/gcb.13604" target="_blank">reduced yields for Australian wheat growers</a>, thanks to increasingly unreliable rains and hostile temperatures. But our new research offers farmers a way to adapt.
By sowing much earlier than they currently do, wheat growers can potentially increase yields again. However, our study <a href="https://www.nature.com/articles/s41558-019-0417-9" target="_blank">published today in Nature Climate Change</a> shows that to do this they need new varieties that allow them more leeway to vary their sowing dates in the face of increasingly erratic rainfall.
Sowing wheat is a matter of delicate timing. Seeds of current varieties need to be planted at just such a time so that, months later, the plants flower during a window of just 1-2 weeks, known as the <a href="https://www.sciencedirect.com/science/article/pii/S0378429017306895" target="_blank">optimal flowering period</a>.
In Australia’s wheat belt this window is generally in early spring. At this time the soil is moist after the cool, wet winter; days are getting longer and sunnier; maximum temperatures are still relatively low; and frosts are less frequent. If crops flower outside the optimal window, yields decline sharply.
Crops and colonies
When Europeans first started trying to grow wheat in Australia, they used varieties that were suited to the cool, wet climate of northern Europe, where the optimal flowering period is in summer. These varieties were much too slow to flower in Australian conditions, and yields were very low. Wheat breeder <a href="http://adb.anu.edu.au/biography/farrer-william-james-6145" target="_blank">William Farrer</a> used faster-developing wheats from India to create the <a href="https://www.nma.gov.au/defining-moments/resources/federation-wheat" target="_blank">Federation</a> variety, which revolutionised wheat production in Australia, earning Farrer the ultimate honour of <a href="https://www.williamfarrerhotel.com.au/" target="_blank">having a pub named after him</a>.
Federation wheat is a “spring wheat”, moving rapidly through its life cycle regardless of when it is planted. If you sow it earlier, it flowers earlier. For more than a century Australian wheat breeders have bred spring wheats, allowing growers to adjust their sowing time to get their crops to flower during the optimal period. Anzac Day has traditionally been the start of sowing season, after autumn rains have wet the soil enough for seeds to germinate.
Here is where climate change is causing a problem. If farmers sow later than mid-May, the wheat is likely to miss its spring flowering window. But southern Australia has experienced <a href="https://journals.ametsoc.org/doi/full/10.1175/JCLI-D-12-00035.1" target="_blank">declining April and May rainfall</a>, making it harder for growers to <a href="https://rmets.onlinelibrary.wiley.com/doi/abs/10.1002/joc.1833" target="_blank">sow and establish crops at the right time</a>. This in turn means crops flower too late the following spring, meaning yields are reduced by drought and heat.
Growers could start sowing earlier, and use stored soil water from summer rain (which hasn’t declined and has even <a href="http://www.publish.csiro.au/cp/CP11268" target="_blank">increased at some locations</a>), but current spring wheat varieties would flower too early to yield well. For farmers to sow earlier, they need a different sort of wheat in which development is slowed down by an environmental cue. One such environmental cue is called <a href="https://en.wikipedia.org/wiki/Vernalization" target="_blank">vernalisation</a>. Plants that are sensitive to vernalisation will not flower until they have experienced a period of cold temperatures. These strains are thus called “winter wheats”.
Ironically enough, the wheat varieties that Europeans first brought to Australia were winter wheats, but they were further slowed by sensitivity to <a href="https://en.wikipedia.org/wiki/Photoperiodism" target="_blank">day length</a> which made them too slow to reach the earlier flowering times needed in the hotter, drier colony.
But this problem can be sidestepped by using a “fast winter wheat”, which is sensitive to vernalisation but not to day length. Our <a href="https://www.sciencedirect.com/science/article/pii/S0378429018300819" target="_blank">previous research</a> showed that this type of wheat was very suited to Australian conditions – it can be sown early but still flower at the right time. In fact, the vernalisation requirement means that this wheat can be sown over a much broader range of dates and experience fluctuating temperatures, and still flower at the right time.
Yielding results
In our new research, we developed different lines of wheat that varied in their response to vernalisation and day length, and grew them across the wheat belt to compare which ones would yield best at earlier sowing times.
We found that a fast winter wheat performed best over most of the wheatbelt, and on average yielded 10% more than spring wheat when they flower at the same time.
We then used computer simulations to investigate how these crops would perform at the scale of an entire farm. Our results showed that if Australian growers had access to adapted winter varieties in addition to spring varieties, they could start sowing earlier in seasons where there was an opportunity. If the rains come early, farmers can use the winter wheat; if they come late they can switch to the spring wheat, which yields better than winter wheat at late sowing times.
This would mean that more area of crop would be planted on time, and yields would increase as a result. If realised, this could increase national wheat production by about 20%, or roughly 7.1 million tonnes.
The main hurdle is that growers do not currently have access to suitable winter wheats. Breeding companies have <a href="https://www.agtbreeding.com.au/news/longsword-opens-the-sowing-window-in-medium-to-low-rainfall-areas-across-australia" target="_blank">started work on them</a>, but it will be several years before suitably high-quality varieties become available.
Australian growers urgently need to keep pace with climate change. Although Australia only produces 4% of the world’s wheat, it accounts for 10% of exports and is thus important in determining global supply and price. If global wheat supply is low, prices rise, and it becomes unaffordable for many of the world’s poorest people, potentially causing malnutrition and civil unrest. Steeply rising wheat prices were <a href="http://www.fao.org/3/a-I7695e.pdf" target="_blank">among the factors</a> behind the food riots that broke out in more than 40 countries in 2007-08, which helped to trigger the Arab Spring uprisings of 2010-12.
The world’s poorest people deserve to be able to buy wheat. But Australian wheat farmers also need to earn a decent living and stay internationally competitive. The only way to meet all these needs is to keep production costs low – and increasing yields by sowing the right wheat cultivars for Australia’s changing climate is one way to go about it.<img src="https://counter.theconversation.com/content/112306/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/james-hunt-694832">J</a>ames Hunt, Associate Professor, La Trobe University
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/early-sowing-can-help-save-australias-wheat-from-climate-change-112306" target="_blank">original article</a>.
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j.ballantyne1990-6AQqhLzZaK

Early sowing can help save Australia’s wheat from climate change

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The number of rural property settlements to international buyers in the wheatbelt region of south west Western Australia is up during the first half of the year according to Herron Todd White.
The analyst firm said seeding is well underway in the West Australian wheat belt as well, and with recent rain events and summer rains, the soil moisture content (a bit too high in some areas) across many regions is setting the season up well.
HTW said one of the largest sales in terms of land area was a 15,513 hectare cropping property located at Bodallin which sold for $8.525 million or $550 per hectare fence to fence.
"This purchaser has also bought a number of properties in the area and throughout some of the low rainfall areas with some reportedly on lease back arrangements," HTW said.
"With a good start for a number of growers and sales activity increasing over the past three years, it’s interesting to see what you could buy at the moment if you had over $10 million to invest in the WA agri land market.
"Research of real estate websites indicates that only one cropping property located at Three Springs is currently on the market with an asking price over $10 million.
"Other properties in this category include two cattle stations, a grazing property, a dairy property (south west), equestrian property and a couple of vineyards (south west).
"This is an indicator that the excess supply created by drought conditions earlier in the decade has started to reduce and supply of property in this category is currently considered low. We note that this could be due to people holding on to property until further in the season and waiting for the more traditional property trading seasons of spring and summer.
"Dependent on how this season progresses, we are likely to see an increase in market activity again this year.
"However, with the ABARES outlook for production and commodity prices to reduce and increases in values across some areas already pushing the limit on a return basis, it’s indicative that we could be heading towards the peak.
"As a tractor driver on the south coast recently said “there’s money in mud” which is true. The question on everyone’s minds is, how much money?"
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David Abel 
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