News

$1b rural land sales in CH region

From Dysart to Springsure, more farmers are selling up to the mines. Photo: Courtesy of Ray White Emerald
From Dysart to Springsure, more farmers are selling up to the mines. Photo: Courtesy of Ray White Emerald

CENTRAL Highlands landholders struggling to ward off encroaching mining companies have surrendered and begun selling off their properties, with collective sales of almost a billion dollars.

The strategic acquisitions by the resources sector, from Dysart south to Springsure, have opened an avenue to landholders, some of who have sentimental attachments to their properties and have entered in to lease-back agreements managed through the North Australian Pastoral Company.

According to Ray White Emerald rural agent Russell Lindley, more than $900 million worth of land has been bought in the past 18 months, mostly by mining companies.

"If it isn't a mine sale, it is people re-entering the market following a sale to the mines," Mr Lindley said.

"But it's a low percentage of those who sold to the mines re-entering - a lot of them have lease-back agreements."

Capella farmer Paul Murphy said the agreements gave landholders the chance to maintain their rural lifestyle and livelihoods.

He said while farmers would prefer to remain the owners of their land, lease-back agreements enabled a mix between the rural and resource sectors.

"It's not healthy for the community, but it works for the time being," Mr Murphy said.

"(It) a good job managing the properties but from a community sense, ownership is always preferred."

Mr Ludley said he personally had sold five mining-related properties in the past financial quarter.

"Nearly all the activity has been driven by the mining industry," he said.

"The mines really started cranking up their buying. They seemed to open up a bit and have been more willing to buy ahead of themselves.

"They seemed willing to accelerate their forward acquisition from about the beginning of the second quarter last financial year.

"They got aggressive, and I would say it was probably governed by coal prices."

But another trend was emerging, with landholders seeking to re-enter the rural sector after selling their land, Mr Lindley said.

"It is fair to say people re-entering the market with mine money are prepared to pay premium price for the right property," he said.

"Buyers trying to re-enter the market are looking for properties that suit their needs and not all do.

"They are being very selective in what they are buying."

But Mr Lindley said the rampant acquisitions wouldn't last.

"I don't anticipate (mining companies) will continue buying like they have," he said.


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Local jobs a priority

LOCAL JOBS ARE A PRIORITY: Senator Chris Ketter is in Emerald for a round-table discussion about local jobs.

Labor to hold a round-table discussing local jobs.

CQ housing market starts to recover

MARKET RECOVERY: Things are looking up for CQ real estate.

CQ housing market continues to gain traction says Herron Todd White.

Getting the right message

Bridie Duggan who was awarded the Northern Territory Australian of the Year.

Bridie receives top honour as NT Young Australian of the Year.

Local Partners

CRITICAL: Locals without water as bacteria takes over

IMMEDIATE emergency water restrictions as loads of bacteria filters into water.

Kernaghan's a 'boy from the bush' with a timeless quality

Country music singer Lee Kernaghan.

Lee Kernaghan is celebrating the 25th year of his breakthrough song.

Beating the heat in the school holidays

Ellie Dyer on the monkey bars at a fun filled playground.

Looking for something to do these school holidays?

Santa is coming to Isaac libraries

CHRISTMAS CRAFT: Join in the special Story Time sessions at Isaac Libraries December 5 to 9 and create your own Christmas craft like Sophia, Evie and Ashley Williams.

Santa is dropping in to the libraries in the Isaac Region.

Chris Pratt fell asleep while babysitting

Chris Pratt revealed he fell asleep during babysitting duties

Kylie Minogue: I want to get married soon

Pop star Kylie Minogue has revealed she hopes to get married soon

Amanda Seyfried lets slip the sex of her baby

Amanda Seyfried has suggested the sex of her baby

Meet the Brisbane breakfast radio king's replacement

Craig Zonca ABC Radio

ABC announces Craig Zonca as the replacement for Spencer Howson

How predictable are your Netflix habits?

Stranger Things is taking the world by storm as a new-age nostalgic Sci-Fi Thriller

The new entertainment binging pattern

Kanye West is on the mend now he's back from hospital

Kanye West is more relaxed since returning home from hospital

Ipswich City Properties asset portfolio retains its value

Ipswich City Council Administration Building, South Street, Ipswich. Photo: Claudia Baxter / The Queensland Times

New website launched by Ipswich City Council

INSIDE STORY: The highlights of your $150 million CBD

GRAND PLAN: The highlights of the Ipswich CBD redevelopment and where they will be located.

Work on city heart's radical transformation to begin next year

VOTE IN OUR POLL: Sand mine opponents face serious dilemma

Public meeting for the proposed sand mine at Maroochydore last week.

Coast MP calls on Minister to stop KRA proposal with stroke of a pen

Developer's grand new multi-million dollar estate

NEW ESTATE: This is the only plan revealed by the property developer's new Billabongs Estate in Agnes Water.

DEVELOPER given the go ahead for a massive estate with 149 homes.

Couple's desperate $550K price drop to sell Gladstone home

Brian Headley and Kirstene Staib are selling their Kin Kora mansion for $750,000.

TELL tale sign of Gladstone's property market.

Ready to SELL your property?

Post Your Ad Here!