US-owned cotton property “Koramba” on the NSW-Queensland border is to sell for a price believed to be more than $100 million
The Department of Defence will look for alternative areas to expand military training grounds in earmarked for Central Queensland.
Investors who took a risk and bought into Australian farmland in the past 18 months have been vindicated.
Queensland landholders remain on tenterhooks with the federal government refusing to rule out the compulsory acquisition of farm land for defence training purposes.
Defence Minister Marise Payne says she is committed to fast-tracking the release of a master plan for land in Central and North Queensland to be used to train Singaporean soldiers.
Paul Zlotkowski and his sons Stuart and Jim have bought the Bauhinia Downs property for $12.85 million.
The cotton sector is shaping up as the most active sector in the property market says Colliers International.
Farmland around Townsville and Rockhampton is set to compulsory acquired to enable the expansion of defence training areas for the Singapore-Australia defence agreement.
Channel Country property Nappa Merrie has sold to the Goondiwindi based Coulton family's Morella Agriculture.
When cattleman Sterling Buntine landed in Darwin on Monday, after travelling to Canberra to make a $386 million bid for Australia's largest landholder S.Kidman and Company, he turned the key in his semi trailer and headed for home – Alroy Downs – more than 1000 kilometres away.