Elders Estates Magazine May/June 2017

Estates.

Property Portfolio May / June 2017

Experience.

Real Estate

Elders Estates.

SHG

Joey Zhou

QLD /NT

Andrew Adcock

NSW Andrew Adcock

WA

Jim Sangalli Malcolm French

N AT I O N A L Tom Russo VICTORIA Nick Myer SOUTH AUSTRALIA

SA

VIC

Phil Keen

tom.russo@elders.com.au

+61 409 873 837

nick.myer@elders.com.au

+61 427 610 278

Phil Keen NEW SOUTH WALES

phil.keen@elders.com.au

+61 438 308 650

Andrew Adcock

andrew.adcock@elders.com.au

+61 407 674 972

Nick Myer

QUE E NSLAN D AN D NORTH E R N TE RRITORY Andrew Adcock WESTERN AUSTRALIA Jim Sangalli Malcolm French SHANGHAI Joey Zhou

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andrew.adcock@elders.com.au

+61 407 674 972

jim.sangalli@elders.com.au malcolm.french@elders.com.au

+61 417 706 996 +61 409 990 988

joey.zhou@elders.com.cn

+86 189 1837 7878

Experience.

Real Estate

Elders Estates.

Tom Russo

General Manager Real Estate

Contents 6

Feature Property: Noorama Station

8

Feature Property: Bidgemia Station

10

Agent Profile: Nick Myer

The report confirms the trends that we have been seeing across our national network, with strong value growth in most key agricultural regions of Australia far exceeding the historical averages. The national median price rose by 9 per cent, with New South Wales, Queensland and Victoria being particularly strong, delivering median price increases of between 10% to 13%. This strong growth is being driven by a combination of factors which have been the subject of much commentary, including favourable weather conditions, strong commodity prices, low interest rates and broader industry sentiment.

11

Victoria

15

New South Wales

18

Queensland

22

Northern Territory

The most interesting trend to my mind is the emergence of new pools of capital being deployed into Australian farmland assets. This reflects both the quality of the assets and a growing recognition that farmland represents an excellent opportunity to achieve reliable capital growth, coupled with exposure to a productive asset providing ongoing yields. This, of course, is a financial strategy. Others are motivated by operational strategies fuelled by the desire to build secure supply chains of safe food products to feed the unprecedented population growth in our region (in terms of both number and wealth).

24

Western Australia

28

South Australia

32

Recently Sold

In many respects, this is a very unique asset class. Revered American investor, Warren Buffet, picked this trend in 2011 when he wrote his annual letter to investors in Berkshire Hathaway Inc and commented on defensive asset classes in times of economic volatility.

He compared the tradition investor safe haven, gold, to US cropland, saying:

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Black Gold.

The annual Rural Bank Farmland Values report was published this month and the Elders Real Estate team has had the pleasure of contributing to this quality publication.

The major asset in this category is gold, currently a huge favourite of investors who fear almost all other assets….. Gold, however, has two significant shortcomings, being neither of much use nor procreative.

Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce – gold’s price as I write this – its value would be $9.6 trillion. Call this cube pile A. Let’s now create a pile B costing an equal amount. For that, we could buy all U.S. cropland (400 million acres with output of about $200 billion annually), plus 16 Exxon Mobils (the world’s most profitable company, one earning more than $40 billion annually)….Call this pile B. A century from now the 400 million acres of farmland will have produced staggering amounts of corn, wheat, cotton, and other crops – and will continue to produce that valuable bounty, whatever the currency may be. The 170,000 tons of gold will be unchanged in size and still incapable of producing anything. You can fondle the cube, but it will not respond….

I’m confident that the $9.6 trillion current valuation of pile A will compound over the century at a rate far inferior to that achieved by pile B. It appears to me that Mr Buffett was ahead of the game once again. The real question now for Australian farmland owners is whether the current environment is the new “norm”, a cyclical peak or if there are more solid capital gains to come in the near term. In this regard, the Rural Bank data also supports our view that in many areas listings remain very tight, with fewer properties coming to market compared to historical averages. Many primary producers are electing to retain their holdings and enjoy the returns arising from the favourable conditions we are seeing across the broader industry. As a general rule it certainly remains a seller’s market, particularly with respect to high quality holdings of scale.

If you would like to access further details, the 2016 Rural Bank Farmland Values Report can be accessed at www.ruralbank.com.au. Your local Elders Real Estate sales representative can also provide you with a free market appraisal should you wish to test the value of your property.

Tom Russo General Manager Real Estate 0409 873 837 tom.russo@elders.com.au

Experience.

Real Estate

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Elders Estates.

Experience Australia’s leading rural real estate network With over 400 points of presence throughout Australia, the Elders network includes a team of subject matter experts in all areas of Australian agribusiness who have unsurpassed connections and insights into Australian agriculture coupled with international connections.

Our team of specialist agricultural real estate professionals assist our clients with all aspects of their strategic real estate needs. This team is also able to draw upon the vast resources within the broader Elders network, which provides Australian primary producers with access to all the advice, inputs, financial services, marketing options and trading platforms required to maximise the returns from their enterprises.

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Elders Estates.

Experience a successful partnership We form successful and lasting partnerships with our clients.

We assist our clients with all aspects of their rural property divestment initiatives throughout Australia, from preparing their assets for sale through to concluding a successful transaction. Our strengths lie not only in our leading capability to market and sell properties, but also our expertise in the provision of agricultural advice, commodity marketing and financial services, which compliments rural property transactions and ensures we can deliver a full service offering to our clients.

Core services • pre-sale appraisals; • transaction preparation services, including vendor due diligence, the development of marketing strategies and provision of advice tailored to suit the specific asset and optimise the outcome. In developing a plan, our expert sales representatives will have regard to all key factors such as the likely realisable value, the buyer universe, anticipated level of competition and general market conditions. Most importantly, we listen to our clients, provide instant feedback on all sales activity, and ensure that our approach caters for their needs and preferences;

• rural property sales undertaken with professional marketing campaigns driven at a local level and backed by a team of marketing professionals within our national corporate support team; • rural property leasing transactions, including market rent appraisals.

Ancillary services With a national network of agronomy, wool and livestock production specialists, we also provide: • water entitlement sales and purchases; • clearing sales; • livestock, wool and grain marketing; • agronomic advice and farm planning; • animal health and production advice; • debt finance, insurance and financial planning advice.

With a national footprint and involvement in all major agricultural sectors, our clients have unrivalled access to a team of experienced professionals, products and service options to support the management and sale of their assets.

Experience.

Real Estate

5

Elders Estates.

NOORAMA STATION

NOORAMA STATION Jobs Gate Road, CUNNAMULLA, QLD 105,000 ha (260,000ac) Sheep, meat, wool and beef cattle production – Noorama Station is one of QLD’s Finest Pastoral Holdings.

Situated in the heart of Cunnamulla’s “Salad Bowl” region, Noorama Station is undoubtedly one of the most highly regarded grazing holdings in south east Queensland, just north of the NSW border.

Renowned for its sheep and wool production along with cattle breeding, finishing and agistment, Noorama Station has long been considered a highly renowned enterprise set in one of the finest and most prolific pastoral regions in the country.

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Noorama is a tremendously well balanced 105,000 hectare (260,000 acre) property with the capacity to support around 80,000 DSE plus, including livestock breeding, backgrounding, finishing and agistment.

and within the top 10 in Australia, also owning properties throughout NSW. Other operational assets included lamb feedlotting, cattle breeding and finishing, irrigation, dryland cropping and fodder production.

Mike Gordon, Managing Director of Bydand Pastoral Company, has decided to place Noorama Station on the market through Elders.

Featuring an excellent balance of soil types, comprising open Mitchell grass plains and beneficial safe flood out Coolibah country, interspersed with a mix of sweet Gidgyea and Brigalow country.

Established in 2003, Bydand Pastoral Company quickly became the largest sheep and wool producer in Queensland,

Noorama Station is a highly developed pastoral enterprise with capital regularly reinvested into maintenance and upgrades.

Elders Estates.

With a high standard of fencing and water development a feature, including a system of three creeks that provide safe flood out over much of the country in season, and an extensive capped and piped bore water system with coverage of livestock watering points which support greater grazing efficiencies.

The entire holding is extremely well supported by the strategically located head station improvements, which consist of an architecturally designed, corporate style homestead and station complex where management is based. Includes a

managers residence, guest and jackaroos accommodation, recreational and entertaining facilities.

Offers to Purchase

Other staff housing combines with the significant working infrastructure of shearing sheds, quarters, livestock handling facilities, machinery and maintenance sheds plus an airstrip which is Royal Flying Doctor rated.

richard.gemmell@elders.com.au

View by appointment Richard Gemmell 0428 164 672 Dick Allpass 0417 070 418 Web ID 13462168

Rarely does such a quality grazing enterprise present to the market with a standard of development and high carrying capacity of the calibre Noorama Station offers.

Experience.

Real Estate

7

Elders Estates.

BIDGEMIA STATION

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Elders Estates.

BIDGEMIA STATION Gascoyne Junction, WA 579,206 ha (1,431,259 ac) The McTaggart family, well known pastoralists from South Australia, have announced the iconic Gascoyne region property, Bidgemia Station is for sale through Elders Real Estate.

Station, which adjoins to the north-west, was added to Bidgemia and more recently a boundary realignment with the adjoining Edamullah Station was concluded.

Located 185km east of Carnarvon, 10km east of the Gascoyne Junction with sealed road access, the property boasts 579,206 hectares of impressive beef breeding country, as well as extensive double frontage to the Lyons River and Gascoyne River.

In the 1990’s Braham cattle were introduced and a total beef breeding enterprise established shortly after. In 2012, Droughtmaster bulls were integrated into the herd and today the property runs 6,000 breeders.

Established on the south bank of the Gascoyne River, the homestead is just 10km from the township of Gascoyne Junction. The small township provides many amenities, with a large hotel, accommodation and roadhouse complex, primary school, sports oval, 1.1 km sealed auto lit air strip, shire offices and works depot.

The main set of cattle yards hosts 2,000 heads and includes a feedlot, as well as a further 15 sets of established yards spread throughout the property.

Having been in the McTaggart family since 1947, Bidgemia has received many additions to square boundaries and deliver ease of mustering and management. Lyons River

Elders rural real estate sales specialist, Malcolm French says, “Bidgemia is truly an iconic property of not only of the Gascoyne region but within the vast Pastoral regions of Western Australia.”

investment. The cattle produced here are keenly sought after by all sectors of the beef industry, the herd reputation for temperament, ‘doing ability’, and sheer beef quality is well-known,” Mr French said.

All livestock and plant are included in the sale.

Expressions of Interest Closing Wednesday 24th May 2017 View by appointment Malcolm French 0409 990 988 malcolm.french@elders.com.au Greg Smith 0428 486 806 greg.smith@elders.com.au Web ID 11295249

“Today, with exceptional facilities, Bidgemia is presented as a standout beef enterprise

Experience.

Real Estate

9

Elders Estates.

Victoria & Riverina Market Update The Victoria and Riverina rural real estate market continues to experience buoyancy across most sectors, with strong commodity prices ultimately underpinning the demand for rural property. In a general sense, beef, lamb and wool have been ‘instrumental contributors’, providing outstanding returns to producers, which are ultimately being reflected in land prices. Many areas throughout Victoria and Southern New South Wales have experienced record pricing per hectare as a result, with new benchmarks continuing to be set.

Demand for cropping land in the broader grain belts has also continued to strengthen despite an increase in global supply placing downward pressure on cereal prices last season. Notwithstanding the price reduction, the higher than average yields, exceptional pulse and legume prices and favourable seasonal conditions have reinforced the confidence in grower demand, which in turn has reflected positively on land prices.

Most parts of Victoria and the Riverina have welcomed early seasonal rain and are well under way with their respective winter cropping programs, notwithstanding some isolated delays in certain areas due to excessive weather patterns. Pasture growth has benefitted from the early autumn break as germination temperatures have remained favourable and access to early feed will assist livestock producers heading into the winter months.

Many of the pastoral zones are still benefitting from an outstanding 2016 season, with new growth adding to an already favorable abundance of perennial feed.

There are multiple factors contributing to the strength of the current market, including a favourable $AUD, low interest rates, exceptional commodity prices, heightened competition between a larger pool of buyers (both local and foreign), volatility in the equities market and an overall lack of quality stock being presented.

Nick Myer Rural Real Estate Manager Victoria & Riverina

We are finding that buyer enquiry varies depending on asset class and scale, however is evenly spread between local, foreign and institutional investors, many with a significant appetite to invest into the sector.

In light of alternative investment options available, agricultural assets have proven to outperform other asset classes, which in turn is equating to enquiry from a range of investors wishing to capitalise on available opportunities.

Our dedicated sales team are currently working with numerous clients throughout the state, in preparation of presenting their properties to the market in early spring.

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VICTORIA

CORANDERRK ESTATE 160 Healesville-Koo Wee Rup Road, HEALESVILLE, VIC 30ha (74ac) 3

2

The opportunity has presented itself to acquire the highly regarded holding Coranderrk Estate comprising 74 acres – 30 hectares. Ideally positioned on the Healesville - Koo Wee Rup Road, only 4km from Healesville, the estate includes a comfortable three bedroom home, with magnificent northern vistas and an outstanding water supply via the Badger Creek.

Farm improvements include a winery shed, machinery shed and workshop with 3 phase power. An all-weather roadway provides access to winery, shedding and main home.

Coranderrk Estate enjoys a comfortable three bedroom plus study home with adjoining selfcontained accommodation, positioned in an elevated garden setting with swimming pool.

The property provides a gentle balance of cleared farmland and natural timbered country with 20 acres planted to vines; however has the capability

of expanding to in excess of 60 acres, all within the Green Wedge 5 Zone.

and winery, with the potential to run conventions, weddings and other social functions.

Water is a key feature of Coranderrk Estate with an extensive irrigation system in place. Water is made available via two water licences, one for the diversion of river water to an off stream dam (8ML) as well as 25ML for irrigation purposes.

The watering of the vineyards is via an extensive dripper system.

Plant and machinery available for sale with the property include three tractors, grape harvester with two gondola bins, various sprayers and machinery to support grape growing and harvesting.

Coranderrk Estate maintains great diversity and is setup to accommodate a range of pursuits including viticulture, events, tourism, livestock and hay production. The property currently holds a winery permit and produces wine on the premises. Yields have consistently included up to 80 tons of grapes and approximately 160 round bales of hay annually.

View by appointment

For Sale Nick Myer 0427 610 278 nick.myer@elders.com.au

Coranderrk Estate provides an outstanding opportunity to acquire an established vineyard

“In 2016, the median price of Victorian farmland increased by 12.9% compared to a 2.3% decrease in 2015” Rural Bank Australian Farmland Values Report

Elders Estates.

BARWON HEIGHTS 65 Atkins Road, WINCHELSEA, VIC 409.89ha (1,012ac) 4

2

Situated in a tightly held, capital appreciating region, Barwon Heights is an outstanding landbank investment. Ideal for horses, cattle, sheep, cropping and hay production. This magnificent rural holding, boasts 360° panoramic views and 10 titles. It is ideally located only 65 minutes from Melbourne, 2 minutes from Winchelsea (railway station), 20 minutes from the Ring Road, 25 minutes from Geelong and surf coast, 35 minutes from Avalon Airport and 65 from the International Airport.

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• 1,012 acres (409.89ha) of highly productive elevated country, 10 titles, 4 x road frontages, shelter plantations.

• 4 bedroom brick veneer family residence with all amenities set in established park land setting.

• Garaging, substantial farm shedding, silos, cattle yards.

• Securely watered by 3 x town water connections, dams and rain water storage.

Expressions of Interest Closing Friday 2nd June 2017, 5:00pm View by appointment Ken Drysdale 0409 195 470 ken.drysdale@elders.com.au

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KALABAA 888 Dundonnell Road, WOORNDOO, VIC 450.4ha (1,113 ac) 3

2

Balance of late and early country ideal for cropping, sheep, beef, wool, dairy run-off and fodder production.

• A fully renovated period home with 3 bedrooms plus a study, ensuite to master, separate lounge, open plan kitchen / dining and family area with glass sliding doors leading on a large undercover pergola area. A self contained bungalow / office provides additional space for the family and friends.

• Excellent farm infrastructure – large garage and workshop, machinery / hay shedding, 2 stand raised board wool shed with large undercover sheep yard complex, 2 x silos.

• Reliable water supply from 5 equipped bores and 11 dams

For Sale $2,500 per acre Expressions of Interest View by appointment Rob Rickard 0407 354 025 robert.rickard@elders.com.au

BEULAH VIC 3,978.8ha (9,832ac) Major Wimmera-Southern Mallee cropping aggregation for sale now or by expression of interest. Outstanding holdings of typical North Wimmera and South Mallee soil types. Well fenced with pipeline water connected.

To be sold as a whole or in contingent lots BEULAH EAST – 6,384ac (2,583.5ha) approx.

GALAQUIL WEST – 1,598ac (646.6ha) approx.

WILLENABRINA – 1,850ac (9,748.6ha) approx.

NB: Vendor willing to sow crop for an approved buyer, or working passion given on signing unconditional contract.

For Sale View by appointment Nick McIntyre 0409 180 016 nick.mcintyre@elders.com.au

Experience.

Real Estate

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AUSTRALIAN FARMLAND VALUES REPORT 2016 - EXTRACT

The value of farmland reflects the strength and confidence of agricultural industries. Knowing the value of farmland is essential information for Australia’s farmers. Now in its 4th year, the Australian Farmland Values report tells the story of farmland performance over the past 25 years, at a national, state, regional level and even local government area.

2016 was an excellent year for farmland values across most of Australia. The national median price rose by 9 per cent.

This follows a 5.3 per cent increase in 2015 and a 6.8 per cent increase in 2014.

$2,000

3,000

$1,500

2,000

$1,000 1,000

$500 $0

Number of transactions (RHS)

National farmland performance

There were fewer properties on the market in 2016 as people opted to hold land and benefit from favourable seasonal conditions rather than market their property.

For banking enquiries: P 1300 660 112 W ruralbank.com.au P 1300 618 367 W eldersrural.com.au/finservices

400 $500

Number of transactions (RHS)

2016

2015

2014

200

2013

$0

Number of transactions

600

$1,000

2012

While there are many factors that contribute to the price of a farm, the strength of cattle and sheep markets as well as the then prospects of a large crop in 2016 both contributed to the strength of the farm property market.

800

2000

6.4%

1999

20 years

1000 $1,500

1998

3.2%

1997

10 years

1200

$2,000

1996

5.6%

1400

1995

5 years

Median price (LHS)

$2,500

Median price ($/ha)

9.3%

0

Western Australia

(average annual median price growth)

2016

Number of transactions

4,000

$2,500

2011

Taking an historical view, the average annual growth of farmland in Australia over the past 5 years has been 5.6%.

This growth is important because strength in the performance of farmland is a key driver of rural confidence and prosperity.

Growth in the median farmland price demonstrates that the value of Australian farmland is outpacing inflation, which means growing wealth for farmers.

5,000

$3,000

2010

-0.4%

$3,500

2009

Tasmania

10-13%

6,000

2008

+1.4%

median price of between

2007

South Australia

New South Wales $4,000

2006

+3.1%

2005

Western Australia

stood out in 2016 with increases in the

2004

+10.1%

2003

+10.3%

New South Wales

2002

Queensland

NSW, QLD & VIC

2001

+12.9%

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Victoria

Median price ($/ha)

2016 Median farmland price

0

Median price (LHS)

This report draws on over 230,000 transactions, accounting for 278 million hectares of land with a combined value of $132 billion over 22 years.

This report is intended to provide general information on a particular subject or subjects and is not an exhaustive treatment of such subject(s). The information herein is believed to be reliable and has been obtained from public sources believed to be reliable. Rural Bank Limited, ABN 74 083 938 416 AFSL /Australian Credit Licence 238042 make no representation as to or accept any responsibility for the accuracy or completeness of information contained in this report. Any opinions, estimates and projections in this report do not necessarily reflect the opinions of Rural Bank and are subject to change without notice. Rural Bank have no obligation to update, modify or amend this report or to otherwise notify a recipient thereof in the event that any opinion, forecast or estimate set forth therein, changes or subsequently becomes inaccurate. This report is provided for informational purposes only. The information contained in this report does not take into account your personal circumstances and should not be relied upon without consulting your legal, financial, tax or other appropriate professional.

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Elders Estates.

NEW SOUTH WALES

BLACKLANDS ARMIDALE, NSW 78.61ha (194.26ac) 4

2

A Northern Tableland location that will stun you, Blacklands showcases a superbly crafted Basalt stone and exotic timber residence including vaulted ceilings, heated stone floors and fireplace together with four spacious bedrooms and elevated studio.

For Sale $1,250,000 View by appointment Frank Spilsbury 0427 010 386 frank.spilsbury@elders.com.au

With views over the valley towards Armidale and nestled within rolling lawns and shrubbery Blacklands is only a short drive from to town and the Regional Airport.

Ideal Bed and Breakfast opportunity.

Full stone paved front verandah-ideal for entertaining double garage, detached industrial shed 78.61 ha of mostly pristine bush country running down to Tilbuster Creek.

“The median value of farmland in New South Wales (NSW) increased by 10.1% to $3,628/ha in 2016 following a 10.2% increase in 2015�

Rural Bank Australian Farmlands Values Report 2016

Elders Estates.

BALLYKEANE ORCHARD AGGREGATION 140 Cadia Road, ORANGE, NSW 210ha The Ballykeane orchard aggregation of St Albans, Merlewood, Mount Lofty and Ballykeane are iconic Apple orchard holdings boasting outstanding versatility and production capabilities, consisting of a combined 210 hectares of astutely developed apple and pear orchards, featuring extensive reliable water supply, proven fruit handling and storage facilities and extensive protective netting.

• Owned permanent water rights.

• Proven Intellectual Property developed over generations.

View by appointment

The 4 orchards between them produce around 4100 bins of apple and pear annually.

The assets comprise highly prized orchards offering world class facilities in Australia’s most highly regarded region for this type of produce.

phil.speers@elders.com.au

Property highlights and a feature of the offering include: • Substantial freehold land - in an ideal region for this type of produce.

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• Historic harvest success with skilled management in place.

• Produce diversity with added planting capacity.

• Established infrastructure, plant and equipment.

Ballykeane is an exciting opportunity to acquire an extraordinary large scale food

production enterprise. The Ballykeane business is an essential link in the supply of quality apple and pear product domestically with the potential for export sales yet to be explored.

Expressions of Interest Phillip Speers 0458 171 998

Elders Estates.

RAHEEN Raheen Road via Jerilderie Road, HAY, NSW 6,438ha (15,908ac) The offering of Raheen after 110 years and three generations of family ownership presents potential purchasers with a rare opportunity to secure proven Riverina grazing country. The 6,438 hectare or 15,908 acre property features dual frontage to the Nyangay and Eurolie Creeks with impressive timber shelterbelts.

The gentle mix of country comprises undulating sandy rises with scattered Murray Pine timbers running through to self mulching soils with abundant grasses supported by perennial clovers, herbages, native bush and furthermore is absolutely free of any noxious weeds.

Quality improvements of purpose and function include a 6 stand shearing shed with adjoining yards, two sets of quality out station yards, all steel cattle yards, machinery shedding & grain silos. The classic timber homestead offers most modern conveniences and is set in a low maintenance garden setting that includes old established timbers and palm trees.

Raheen is bolstered by its secure stock watering system which includes 2 new electric submersible bores, multiple windmills and earth dams. The management friendly property has been divided into 15 main paddocks with exceptional fencing of which a large portion has been recently renewed, laneway systems and substantial old man salt bush plantations.

Consistently carrying 3,500 breeding ewes and 90 cows & calves, the impeccable station property is renowned for its continual performance and production.

For Sale $4,350,000 View by appointment Matt Horne 0409 355 733 matt.horne@elders.com.au Bill Haygarth 0408 629 255 bill.haygarth@elders.com.au

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17

QUEENSLAND

QUAIL ISLAND STANAGE, QLD 1,950ha (4,818 ac) • Private Island Hideaway and cattle property at the gateway to the Percy’s & Southern Extremities of the Great Barrier Reef.

• Situated 4 kms from the mainland & the township of Stanage Bay, 170kms North of Rockhampton.

• 1,950ha= 4,818ac RTL Till 2,055.

• Double Storey main Homestead which has commanding views across the property, taking in the many beaches & Pacific Ocean.

• 4 bedroom managers residence, 3 bedroom workers cottage.

• 1000 mtr airstrip.

• Sub-divided into 7 main paddock, 1 sets of steel cattleyards c/w vet crush supported by 2 sets trap yards.

• This sub-tropical Island has gently undulating hills timbered with narrow leaf Ironbark, Bloodwood & Coastal scrub.

• Mainly grassed with forest Mitchell & supported by soft native grasses under sown with Secca, Wyncassia & Verano Stylos.

• Carrying Capacity 230-250 Breeders.

Quail Island will be offered on a Walk in Walk out bases, with all Livestock & Plant.

Expressions of Interest Closing Wednesday 31st May 2017 View by appointment Virgil Kenny 0427 334 100 virgil.kenny@elders.com.au

“The median value of Queensland farmland increased by 10.3% to $4,167/ha in 2016 following a 3.3% increase in 2015” Rural Bank Australian Farmland Values Report 2016

Elders Estates.

CALARAM 31 McCormack Road, AUBIGNY, QLD 40.7ha (100ac) 4

4

Calaram is a beautifully balanced lifestyle & commercial property. Located approximately a short 20 minutes drive West of Toowoomba via Toowoomba Cecil Plains Road or Warrego Highway via Oakey Biddeston Road, 10 minutes from Wellcamp Airport.

Spectacular architecturally designed 4 year old rendered brick Metricon home, surrounded by established gardens & manicured lawns.

Amazing external features: 25 x 3m above ground swimming pool, full size tennis Features: 100 Acres of gently undulating basalt court, 4 bay Colorbond shed. Commercial grazing, good bore & 30,000 gallons of rainwater. Workshop: TRC approved 25m x 12m shed fitted with 3 professional offices, reception, kitchen & bathroom.

Auction Sunday 28th May 2017, 10:00am On site View by appointment Sue Edwards 0437 377 988 sue.edwards@elders.com.au

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DELAMERE PARK 35 Haslingden Road, ATKINSONS DAM, QLD 258.58ha (638.9ac) 4 258.58 Ha - 638.9 Acres in 2 freehold lots, lease to Atkinsons Dam water line. 60 Minutes to Brisbane, 45 minutes to Ipswich, 50 minutes to Toowoomba & 20 minutes to Gatton. Well balanced property, runs from Atkinsons Dam flats, rising to elevated brown to sandy loam country.

Sandstone block home, 4 bedrooms, main with ensuite, office, 3 entertaining areas, a man cave, outside entertaining & in ground pool. Modern building with 4 stables & day yards, store rooms & a self-contained 1 bedroom studio. 4 Unit horse walker, wash bay, round yard, exercising area.

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Steel cattle yards, cattle crush, calf race & cradle & loading ramp. Large lined yard with holding pens, cattle crush & loading ramp. Machinery shed, 21m x 18m concrete floor, power, 18m x 12m storage shed & 2 equipped bores.

The sale of Delamere Park offers a truly unique opportunity to purchase a large scale acreage property, suitable for any horse, cattle or lifestyle venture, with quality improvements, in a private central location to Brisbane, Ipswich & Toowoomba. The retiring owners are downsizing and are keen to start the new venture.

Expressions of Interest View by appointment Trevor Leishman 0427 598 106 trevor.leishman@elders.com.au Errol Luck 0427 561 678 errol.luck@elders.com.au

Elders Estates.

BAFFLE CREEK 119 Kenree Road, ROSEDALE, QLD 125.82 ha 5

2

This operational farm is currently under Tiger Prawn Production supplying Woolworths with licensing for an extensive range of fish species. Developing this fully operational farm from the ground up there is additional room for expansion under the current licence.

backup generators ranging in size from 120650KVA.

Currently 30 Ha is developed with a further 35 Ha available.

• (2) Operational hatcheries with 26 x 20 Ton larvae production tanks. Has produced 20 Million Larvae per cycle

There are 21 growing ponds ranging in size from .9 Ha - 2Ha approx with 2 settlement ponds, supply channels and production water storage’s. As this farm is the only commercial operation of its type on Baffle Creek any disease issues from water quality are minimised.

Excellent pumping infrastructure from the (2) recently overhauled river pumps allow pumping on all tides.

The power requirements are also in place with 3 Phase,415 Volt, 240 Volt and 4 diesel

Structural Improvements Include:

This operational farm has excellent maintenance programs in place and this will be reflected during your inspection. Being offered WIWO.

• Fully operational processing facility packing - freezers - cookers

• Brood stock holding room • Algae room • office

For Sale $6,500,000 View by appointment Baden Lowrie 0427 172 158 baden.lowrie@elders.com.au

• Workshop • Storage & machinery sheds • 3 Bedroom timber clad home • 2 Bedroom brick home • Staff amenities • Plant & Machinery included • Current WQA & HACCP Accreditation’s

Experience.

Real Estate

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Elders Estates.

NORTHERN TERRITORY

KATHERINE MEATWORKS Victoria Hwy, TOP END, NT 303ha (748ac) • 3 adjoining Freehold Title.

• Total area - 303ha (748ac).

• 4km to Katherine CBD. • 2km to Katherine Railway Terminal.

• 16km to Katherine Commercial Airport.

• On-route of the proposed Katherine Heavy Vehicle By-Pass.

• Extensive infrastructure to re-establish major meat processing facility.

• Developing Northern Australia.

View by appointment Alison Ross 0417 847 950 alison.ross@elders.com.au

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Elders Estates.

Elders welcomes 60 new pink shirts Elders has welcomed 60 new real estate professionals in April, with the acquisition of Elders Southern Districts Estate Agency, headquartered in Bunbury, Western Australia.

Elders Southern Districts Estate Agency was established over 40 years ago as a rural and auctioneering business and is one of the longest operating real estate agencies in the South West. Located in Bunbury, Collie and Capel, Elders Southern Districts Estate Agency’s service offering includes sales (rural, commercial and residential) and property management (both commercial and residential). It is now one of the largest and most diversified real estate groups in the South West of Western Australia.

Elders Southern Districts Estate Agency’s rural and lifestyle sales professionals, together with the existing Elders Bunbury rural sales team, are the pre-eminent team in the South West region. This includes current chairman of the Real Estate Institute of Western Australia’s Rural Division, Don Fry. Don specialises in rural land sales and has extensive personal farming interests and background. He has expertise in both large

scale farming enterprises and lifestyle assets across most industry segments, including dairy, cropping and beef production. Don has a full understanding of farm finances derived from his own farming enterprises and his close involvement in those of his clients. This background, and his outstanding performance as a rural sales representative, has led to him being regarded as one of Western Australia’s leading rural real estate professionals. Elders is therefore a natural home for Don and the Elders Southern Districts Estate Agency rural team.

As a key component of our strategy to invest in the improvement and growth of the Elders real estate product, we will continue to look at acquiring quality businesses with teams that are a good cultural fit for the Elders network and who can deliver outstanding service levels to our clients across a diverse portfolio of products to meet all their real estate needs.

Elders Southern Districts Estate Agency www.sdea.eldersrealestate.com.au 08 9721 3533

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Real Estate

23

Elders Estates.

WESTERN AUSTRALIA

125 Henley Street, HENLEY BROOK, WA 3.62ha (8.93 ac) 4

2

3.62ha (8.93 ac) property located right in the heart of the Swan Valley. Boasting a beautiful 410sqm family home with a huge workshop/shed that is currently used as a processing and packaging area for the abundant amount of mangoes and olives that are grown on the property. With the zoning of “Rural/Residential” in the City of Swan the possibilities are endless.

• 28,140KL water licence with 2 bores.

• Quality 4 x 2 family home built in 2001 oozes attention to detail & perfection.

• Easy care reticulated gardens, 42m x 13m machinery and packing shed which has a mezzanine floor of 9m x 3m.

• Cool room with tiles floor.

• Orbeter irrigation system specifically for the 480 mango trees, 400 Olives trees, 120 Macadamia nut trees, 12 fig trees, 8 Lime trees and various other fruit trees & vines.

Expressions of Interest View by appointment Kris Teakle 0409 686 626 kris.teakle@elders.com.au

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Elders Estates.

38 Dirk Road, BULLSBROOK, WA 20.12ha (49.72ac) 4

2

• Stunning views to the city and coastal plain. 50 acres on the crest of the Darling Scarp. Approx.

10 acres cleared, mostly natural bush. Beautiful valleys with Wandoo and Marri trees. Abundant wildlife including Splendid Wrens, Scarlet Robins, Echidnas. No neighbours in sight.

• Peace and tranquillity, but only 35 minutes to Perth Airport or Midland with all facilities, schools and hospital.

• Lovely eco friendly home, 3kw German solar panels, hi tech solar hot water. All constructed to the highest quality and fully insulated for low living costs.

• Easy to clean home, open plan, Tasmanian Oak flooring, Jarrah fittings and picture rails throughout. Large bedrooms, built in robes.

Light, fresh atmosphere.

• Beautiful kitchen, pantry, granite benchtops, Miele appliances.

• Wood fired stove with oven in the lounge area.

• Fourth bedroom set up as a large office / study with underfloor cabling to desk.

• Top quality reverse cycle split airconditioning to kitchen, lounge and 3 bedrooms.

• 2 bathrooms. Main bathroom has double shower, double basins and bidet.

• All glass windows and doors are protected by built in roller shutters providing excellent insulation and security.

• Approx. 75 sq metre, 3 bay modern workshop with 3 phase power.

• Approx. 130 sq metre modern 4 bay shed with mezzanine storage, high doors for vehicles and equipment. Ideal for caravans, boats or large trucks.

• Outside parking for 50 or more vehicles.

• Abundant water with 240,000 litre rainwater storage, plus 2 excellent dams with over 5 million litres connected to veggie garden tank and lawn. All pumps and pipes in place.

• Rooftop sprinklers with independent fire pump, hose reels, fire bunker. Extensive outdoor entertainment areas, lawn, fire pit, bush oven and barbecue. Feature stonework, fish ponds and landscaping.

• Undercover heated swim spa, very low maintenance and running costs.

• Modern kitchen with pantry and cellar.

• 3 bedrooms, 1 bathroom and office plus a 3 car garage If required, the Vendor will provided transitional management.

Magnificent mature redgum trees stand proudly and gracefully above rich cropping and grazing land. The fertile Terra Rossa soils over a limestone base produce the flavoursome wines that we have come to enjoy. The beauty of this property is not only matched by its diversity but its proven return of capital.

Langkyne Estate is NOT to be over-looked and MUST be seen to truly appreciate its beauty.

For Sale From $1,390,00 View by appointment Ian ‘Jock’ Henry 0428 887 781 ian.henry@elders.com.au

“In 2016 the median price of Western Australian farmland increased by 3.1% compared to 2015. This follows a 10.6% increase in 2015” Rural Bank Australian Farmland Values Report 2016

Elders Estates.

703 Bindoon-Moora Road, MOOLIABEENEE, WA 37.93ha (95 ac) • 95 plus (approx.) magical acres just north of Bindoon.

• Almost 1,000,000 litres water storage with total reticulation system and bore.

For Sale

• Total privacy with extensive home and sheds on top of hill comprising incredible 360 degree uninterrupted views and cool wrap around verandahs.

• Holds cattle, stud goats, alpacas in well fenced fertilised paddocks.

View by appointment

• A true garden of Eden here - all the hard work is done.

ian.henry@elders.com.au

• Queenslander style quality home with immaculate presentation, pizza oven on alfresco area.

• Rural yet not remote just 10 minutes from Bindoon / Gingin with school bus at gate.

• Every conceivable citrus, stone fruit and vegie garden species plus poultry enclosure.

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• Lifestyle plus with income or relax in total peace and tranquillity.

• Could be phenomenal B&B or Farm Stay.

From $1,850,000 Ian ‘Jock’ Henry 0428 887 781

Elders Estates.

123 MILLHOUSE ROAD, BELHUS, WA 2.47ac 4

2

2.47 acres with secluded Valley Views & meandering Ellen Brook 298sqm of living boasting 5 bedroom, 2 bath, lounge/dining, open plan kitchen, dining and family, large games room with bar and all the extra’s expected in a quality home.

• Scheme , rain water, bore & water licence • 12m x 7.5m powered enclosed shed.

• Property set up for Alpacas /livestock. with reticulated paddocks.

• Excellent pasture & good fencing.

• 2 minute drive to the Vines Resort.

• 4k’s to Ellenbrook shopping precinct.

View by appointment Kris Teakle 0409 686 626 kris.teakle@elders.com.au

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Real Estate

27

SOUTH AUSTRALIA

844 Harriet Road, NEWLAND, SA 346.9ha (857.19ac) The perfect start to grazing with: • 346.9 ha (857 acres) approx 260 ha (642 acres) cleared.

• Sound fertiliser history 100kg/ha annually since 2012 (including 2017).

• Good fencing, swinging gates, raised gateways.

• 650mm rainfall, permanent water available in Two Wheeler Creek.

• Aesthetically attractive undulating country.

Sold at Auction Friday 12th May 2017 Colin Hopkins 0408 393 991 colin.hopkins@elders.com.au RLA 62833

“The median price of farmland in South Australia increased by 1.4% in 2016, largely recovering the 1.9% fall recorded in 2015” Rural Bank Australian Farmland Values Report 2016

Elders Estates.

ST MAGNUS 119 Lucas Road, MT PLEASANT, SA 30.3ha (75ac) 4

2

Historically significant & embracing lifestyle on 30.3ha (75acs).

decadent master suite featuring walk-in robe and ensuite.

Set amongst significant rural holdings, 6kms to Mt Pleasant, 70kms to Adelaide GPO.

Established 1,839 this property sits on 75 private & picturesque acres. Once the retreat of ex Elder’s GM Sir Walter Young in the early 1900’s. Will you be the proud new custodian of this important part of the region’s heritage?

The surrounding land is soulful & perfectly quiet. Pastured & timbered areas that offer a perfect balance of scenery, wild life & bird life, with a commercial angle offering pastured acres for livestock or horses.

“An elite lifestyle choice awaits for the privileged few.”

Set amongst a leafy, sprawling garden setting.

Lovingly restored & extended the home screams ‘sophistication’ & will reflect the personality and taste of those accustomed to the best in quality, design, finishes & lifestyle. Soaring ceilings, neutral tones & stunning floors combine to create a breezy & light filled haven.

Other brilliant inclusions are:

$1,350,000 - $1,450,000

• Outdoor entertaining areas

View by appointment

• Wine cellar

Paul Clifford 0427 796 144

• 4.8kw Solar Farm contracted until 2028

paul.clifford@elders.com.au

• Shedding (100ft x 40ft) fit for the fastidious car collector or home based tradesman with adjacent stock yards

RLA 62833

Formal & informal living areas are rich in character & of grand proportions whilst the addition of a grand ball room also provides extra space to relax & enjoy family entertainment & of course hosts a full sized billiard table. Also comprising four large bedrooms, including a

For Sale

• High quality equipped bore with water licence of 9.251 meg + 46,000 litres rain water storage & 4 dams • 9 paddocks - 2 with planted hardwood plantations

Experience.

Real Estate

29

Elders Estates.

WOODGERA 24244 Princes Highway, LUCINDALE, SA 645.69ha (1,595.5ac) 4

2

A rural drought proof property with a well balanced, prime livestock operation.

Located between the highly regarded districts of Lucindale, Greenways and Bray.

The property can be sold as a whole or individual sections, dry land or with water.

The water allocation can be sold as a whole or split over multiple sections. This equation has been portioned as the vendor sees necessary to cover the existing bays.

Section 108 10.12ha/ 25 acres Section 278 409.14ha/ 1011 acres (1x artesian bore) Section 279 161.06ha/ 398 acres (1x artesian bore) Section 349 65.35ha/ 161.5 acres (no water allocation to be sold with section 349, dry land only) Water License #12013 - 765,010kL taking 740,150kL delivery flood • Approximately 190 acres/ 77ha of flood irrigation from the artesian aquifer.

• Hill gums scattered throughout.

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• The solid security of warm high ground / productive flats which grows an abundant of spring pastures.

• Fencing is in good condition consisting of mainly 7-9 plain wire.

• Stock water by windmills to tank via inch and half poly to concrete troughs.

• Total of 9 bores across the property, 2x artesian bores metered, 2x bores with solar pump & 5x bores with mills (including 1 back up to solar pump).

• Soil types vary from heavy dark and grey clays, rich fertile dark loams, sandy dark loams to lighter loams but still very productive (well suited for Lucerne).

Improvements include: Shearing shed: 13.5m x 27m Steel frame, excellent condition, approximately 12 years old. 3 stand, fully equipped Heiniger overhead, raised board, capacity for 380 – 400 sheep.

Machinery storage adjoining. B Double access.

Work shop: 6.25m x 6.3m, Good condition, steel frame, lockable + mains power.

Sheep Yards: steel/ timber frame, loading ramp, all in excellent condition.

• Vendor concentrates on ewe and prime lamb production with continuous excellent yields of wool year in year out. Cattle have been successfully stocked over previous years.

Homestead: Family home in excellent condition. New kitchen installed in 2006, Slow combustion fire place + split system heating/ cooling air conditioner. Main bedroom with modern ensuite & WIR. Fruit orchard apple, peach, plum & Quince fruit trees.Double car garage.

• Woodgera fertiliser history is an annual application of 100kg per ha and flood irrigation bays 200kg per ha.

Expressions of Interest

• Single phase power across the property.

• All 4 sections have bitumen highway frontage.

Closing Wednesday 31st May 2017, 11:00am Grant Schubert 0429 077 033 grant.schubert@elders.com.au RLA 62833

Elders Estates.

Acacia Park 1793 Wattle Range Road, MILLICENT, SA 626.78ha (1,548.76ac) 4

2

• Located at Wattle Range approximately 27km from Millicent.

• Pastures across the property are mainly white and sub clovers, rye grass, phalaris and fescue.

• 16 Permanent dams, all paddocks watered by windmills and concrete troughs set up for both cattle or sheep.

• Fencing is generally in good condition.

• Mainly fertile sandy loam over clay and limestone.

• Irrigation paddocks are used to finish prime lambs, cut hay & silage.

• Approximately 190ha/ 469 acres has been laser levelled for flood irrigation.

• 6 Irrigation bores.

Dry Land price $5,000,000 - Water licences can be negotiated for sale or lease.

Water Licences: #120903 - taking delivery supplement flood - 1,012,905kL - taking irrigation 1,049,139kL #12564 - taking delivery supplement flood - 140,681kL - taking irrigation 145,714kL #12767 - taking delivery supplement flood - 1,637,530kL - taking irrigation 1,696,108kL Improvements: - Main homestead with 4 bedroom, 2 bathrooms, large family room - Second residences both with 3 bedrooms.

- 3 Stand shearing shed, underneath holding capacity of approximately 800 - Concreted cattle yards in excellent condition, steel construction, truck access.

- Sheep yards in good condition, steel construction, 3 way draft, four deck sheep loading ramp.

- Shedding includes: hay shed, implement shed & 2nd shearing shed currently used for storage.

For Sale $5,000,000 View by appointment Grant Schubert 0429 077 033 grant.schubert@elders.com.au RLA 62833

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Real Estate

31

Elders Estates.

RECENTLY SOLD

CANANNOOK

PEPPERTREES

182 Mann Road, QUAMBATOOK, VIC

682 Moglonemby Road Riggs Creek, EUROA, VIC

1,243.8ha

242.8ha (600ac) 3

Located in the renowned Cannie Ridge district, Canannook offers all season cropping country featuring consistent legume rotations on performing red sandy loams. Canola, peas, wheat, barley.

SOLD Peter Robertson 0471 636 348 peter.robertson@elders.com.au

2

Operating as cattle breeding - some sheep and cropping enterprise.

Adorned with a magnificent architect designed home of approximately. 30 squares with 3 bedrooms plus study, 2 bathroom, 2 living areas. Fenced into 11 paddocks with excellent fencing - electrified with laneway for ease of stock movement.

SOLD Peter O’Connor 0429 951 099 peter.oconnor@elders.com.au Nick Myer 0427 610 278 nick.myer@elders.com.au

LONGREACH 2757 Balpool Road, MOULAMEIN, NSW

LEANDAH South Ghoolendaadi, GUNNEDAH, NSW

2,708.99ha (6,694ac)

1,354.3ha 4

Situated 20 minutes east of Moulamein via the Balpool Road, Longreach features a magnificent 13km stretch of picturesque Edward River frontage.

Longreach possesses a variety of soil types that would lend themselves to a vast array of agricultural and horticultural pursuits.

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SOLD Matt Horne 0409 355 733 matt.horne@elders.com.au Nick Myer 0427 610 278 nick.myer@elders.com.au

2

Leandah boasts rich deep alluvial soils along the Cox’s Creek to irrigation/dryland self-mulching black/chocolate basalt cultivation.

This productive cropping operation is subdivided into 758ha of dryland farming, 293ha of centre pivot irrigation, 152ha of flood irrigation, remaining country is grazing and service areas.

SOLD Ian McArthur 0429 431 519 ian.mcarthur@elders.com.au

Elders Estates.

HAZELDEAN

MAYFIELD

2889 Perricoota Road, MOAMA, NSW

774 Locamo Road, DINGO, QLD

1,246ha (3,080ac) 4

4,242.123ha (10,482ac)

2

Located 15 minutes from Echuca and Moama, ‘Hazeldean’ is one of the finest properties in the district.

The property enjoys direct supply from the Murray River Irrigation and land use includes grazing, cropping, irrigation with cereals, sheep and cattle given its rich red loam and sandy loam soils.

SOLD Wayne Eeles 0428 168 567 wayne.eeles@elders.com.au

Gently undulating Brigalow, Blackbutt, Softwood scrub country fully developed & improved to strong stands of Buffel, Rhodes & Panic.

Subdivided into 18 main paddocks serviced by a laneway system to centrally located cattleyards.

CULBURNIE BARCALDINE, QLD

YATHROO DANDARAGAN, WA

8,255ha 6

11,746ha (29,025ac)

5

Located in the highly regarded Saltern Creek district of Barcaldine, well grassed, with an abundance of water from the flowing bore and excellent weight grains on cattle are the features of this property.

SOLD Daven Vohland 0419 944 901 daven.vohland@elders.com.au

Production yields, diversity of product, position, landscape, scale, waters, rainfall & 98 title lots is why; Yathroo has it all and is now ready for new agri-regimes, to be positioned and presented as the best.

SOLD Virgil Kenny 0427 334 100 virgil.kenny@elders.com.au

SOLD Malcolm French 0409 990 922 malcolm.french@elders.com.au

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Real Estate

33

ST LEONARDS

KADLUNGA

WONDAN HILLS, WA

MINTARO, SA 2,367.73ha (5,850.6ac) 6

7,436ha (18,375ac) St Leonards, since 1926 farming here has been meticulous, superior efficiencies, generating impressive industry results.

SOLD Malcolm French 0409 990 922 malcolm.french@elders.com.au Dale West 0428 411 333 dale.west@elders.com.au

3

Located at Mintaro in the renowned Clare Valley, with 22 Freehold Titles, stately historic homestead and multiple road access. With rich, fertile undulating broad acre cropping country, well balanced hills grazing and an established quality vineyard, Kadlunga certainly commands attention.

PADTHAWAY ESTATE

ELAROO & YURUGA

6299 Riddoch Highway, PADTHAWAY, SA

YUMALI / MENINGIE EAST, SA

50.21ha 6

971ha & 745ha

5

The combination of splendid historic buildings, established vineyards, famous brands, broad acres horticultural land, development potential and modern winery facilities, strategically located in the heart of a well-watered Limestone Coast wine region.

SOLD Grant Schubert 0429 077 033 grant.schubert@elders.com.au RLA 62833

These blue ribbon properties represent an excellent opportunity to acquire a large aggregation of versatile cropping and grazing range country with fertile soils and reliable rainfall close to Tailem Bend in the states south east.

SOLD Ian Jaensch 0417 457 979 ian.jaensch@elders.com.au RLA 62833

SOLD Michael Lind 0408 892 362 michael.lind@elders.com.au RLA 62833

! e r e h It’s

AUSTRALIA’S FIRST AND ONLY FMD OFFSET ACCOUNT.

Elders Agri Finance clients can now use their Farm Management Deposits (FMD) to offset interest costs on money borrowed for their primary production business.

FMDs allow eligible primary producers to set aside pre-tax income up to $800,000 per individual from good years, which they can draw on in future years when they need it. FMDs can offer can be both a risk and tax minimisation tool, as income deposited into an FMD account is tax deductible in the year the deposit is made and taxable in the year in which it is withdrawn.

Contact your local Elders Branch or Agri Finance Manager today Elders Agri Finance P 1300 618 367 E bankmarketing@elders.com.au

An individual can own more than one farm management deposit, and can own farm management deposits with different FMD providers, but the sum of the balances of all the farm management deposits of an owner claimed as a deduction must not be more than $800,000.

This information has been prepared without taking into account your personal circumstances, objectives, financial situation or needs. Products are issued by Rural Bank Limited ABN 74 083 938 416 AFSL 238042 and distributed by Elders Rural Services Australia Limited ABN 72 004 045 121 AFSL 237757. Individual circumstances may vary and special legislative requirements must be adhered to. Before making any investment decision you should consider your situation and consult your taxation adviser to ensure you meet legislative requirements and for FMD Offset Accounts that you understand your obligation to comply and the applicable penalties for non-compliance and wider taxation implications. Term, conditions, eligibility criteria, fees and charges may apply. Further details available from your local Elders branch.

Experience.

Real Estate