The escape from the city to the country during the COVID-19 pandemic boosts long-term regional property returns.
Charters Towers based Rhett Camm has bought the 5492 hectare Central Queensland property Palari for $16 million.
Low-cost broadacre cropping on a grand scale is available to investors who are prepared to venture into the Western Division, where canny buyers are now doing their sums on a major new listing.
Foreign buyers no longer need every purchase ticked by FIRB, but new fees and national security rules could be frustrating.
At a time of year when typically not much is happening on the property selling scene, an upcoming offering in the Inverell district is likely to attract more than usual interest.
A national survey of residents in five Australian cities has confirmed a desire to escape to the country.
Alan and Heather Montgomery's 3885 hectare Thallon property Niminbah has sold at auction for $5.1 million.