December 2024 Rural Newsletter

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We are delighted to announce that "Hillcrest", Middlemount is officially under contract!

Thank you to the Danastas family for entrusting Nutrien Harcourts GDL with the sale of your property, and congratulations to Consolidated Pastoral Company!

9,547.55 Ha | 23,593 Ac (Freehold)

Let’s hear from the experts!

RecentfallsacrosslargepartsofSouthernQLDandNorthernNSWlooktobeensuringweareheadinginto2025withfullmoisture profilesandgreenpaddocks Thisisamuchbettersituationthanthistimelastyearformostofus Theimprovementinseasonal conditionshascertainlybeenreflectedbyaliftintheEasternYoungCattleIndicatorandwithcontinuedstrongdemandforbeefand goodmarginsforprocessorsthesepricepointsarebeginningtofeelalotmorestable ThebelowgraphoftheEYCIillustratesthelow pointwehitattheendoflastyear/beginningof2024,thoughalsodemonstratestherelativestabilityofpricebetween550-700c/kg sincethistime

Source: MLA

2024hasbeenaneventfulyearinvolvingplentyofspeculation,plentyofglobaltensionandunfortunatelycontinuedwarsinanumberof regions Yettheimpactonthepropertymarkethasbeenrelativelybenign Reflectingthislevelofuneaseandvariedtradeappetites,a numberofkeypricingindicatorsforavarietyofgrainsandpulseshavealsobeensomewhatstatic(withsomemarginofvolatilitynoted throughouttheyear) Thatsaid,anumberofthosekeymetricshaveseenabitofaliftoverthelastmonthtohopefullyseetheyearoutin soundterritory Thosewhomanagedtopulloffpulsecropshavebeenparticularlyrewardedandwheatsittingaround$350/tandsome improvementsinbarleypriceshavealsosupportedmargins ThefollowingisasnapshotputtogetherbytheNSWDPIwhichIfind particularlyinteresting

2024YearInReview(continued)

Obviouslyoneofthekeydriversoftheeconomyisthecashrateanditsinfluenceoninterestrates Therehascertainlybeen,whatfeels likealotofunnecessarytalkaboutwhenthenextcashratecutwillbe Inmyopinionitreallydoesn'tmatter,alltheexpertsinthisregard agreeinflationisstillabovetargetandfundamentallyonlyasmallchangeifanychangeinthecashrateisneededandlikelyundercurrent economicconditions Therefore,withoutasignificantchangethestatusquoislikelytoremainintermsofitsimpactontheproperty market

Over2024wehaveseenthepropertymarketswitchfromasellersmarkettobemoreinequilibrium Whilepropertylistingshave increasedinmanyregions,limitedsupplyisstillafactorinsome Continuedtransactionactivityappearsmoreevidenttothoseareaswith recognisedlifestyleinfluenceandfurthergrowthoverthelast12monthshasbeendemonstratedbyanumberofrecentsalesofirrigation andprimedrylandcropping Albeittheseincreasesarenotofthesamescaleofgrowthexperiencedforgrazingpropertyoverthepast5 years Thegrazingpropertymarketappearstohavelargelystabilised,wearecurrentlyseeingsomelistingsandsalesinspecificregions placingsomeslightdownwardpressureonvaluesthoughconverselysomeregionswhichhaveexperiencedlowervolumesofsupplyare stillindicatingsomefurthergrowth

Therehavebeenanumberofgenuinecorporatepropertiesmadeavailabletothemarketoverthecourseof2024andsomenotable transactionshaveoccurredthroughouttheyearatavarietyofpricepoints Afewofthoselargefamilyfarmsandgenuinecorporate propertiesstillremainonthemarketandarebeginningtodemonstrateextendingsellingperiods Anumberofnotablesalesinclude: MountLonsdale,Mungallala-$20m Timberlite,Taroom-$21m RaceviewStation,Charleville-$21m RomaFeedlot&SpellingYards,MountAbundance-$2295m MacquarieDownsFeedlot-$559m U/CSaleinproximitytoInjunecirca$35m+representing$1,526/acreimproved

BynowyouhavelikelyheardthenewstheRBAhasleftthe30daycashrateonholdat435%foranothermonth Someoftheir commentaryisalmoststartingtosoundlikeabrokenrecord However,theirkeystrategyhasremainedconsistentinbeingdeterminedto seeinflationreturntotheirtargetband,whichhashistoricallybeenbetween2%&3% ThereasontheRBAhavethistargetrangeisthis wheretheybelievepreservesthepurchasingpowerofmoneyandencouragessustainablegrowthintheeconomy

ThelatestSeptemberquarterdatasuggeststheeconomyisslowingdown,whichinturnwouldresultinreducedinflation: Economicgrowthof080%overthepastyear; Unemploymentincreasingto410%(late2022,thiswas350%); WagePriceIndexof350%fortheyeartoSeptember;

TheCPIhasreducedfromapeakof78%inDec2022tothecurrent280%(non-seasonallyadjusted)andhasbeenasteady downwardtrajectoryforsometimenow:

September2023-54%

December2023-41%

March2024-36%

June2024-38%

September2024-28%

TheCPIappearstohavereachedtheRBA’smagic3%upperbandlevel,however,theRBAwouldbekeentoseeCPIconsistentlybelow 3%beforetheymakeadecisiontoreducerates Itisallaboutpublicconfidenceinthesystemandthedecision-makingabilityofthe RBA GiventhereissuchpublicandgovernmentscrutinyontheRBAtoreducerates,thelastthingtheRBAwouldwanttodoisreduce rates,seearesultingincreaseinCPIthenhavetomakeadecisiontoraiseratesagaintotryandreducetheCPI AstheIrishsay“Tobe sure,tobesure” Inmyopinion,iftheRBAreducedratesandthenhadtoincreasethemsoonafter,thiswouldbeaworstcasethanif rateswereheldatcurrentlevelsforaquarterortwolonger

ThereareacoupleofotherfactortheRBAareprobablywaryof

Oneisthetaxpayer-fundedelectricityrebatesgivenoutbyvariousgovernmentsat$0costtotheconsumer Thisessentiallyexcludes/ reducesthecostofelectricityincludedinCPIcalculations,therefore,resultinginanartificiallyreducedCPInumber WhatwouldtheCPI resultbeifelectricitycostswereincluded???

Anotherispossiblythe“S&CIndex”atthistimeofyear,whichisshorttheSantaandCelebrationsIndex(OK,Imadethisup)Butgiven theincreasedspendingatthistimeofyearonpresents,holidays,festivities,travel,etc,whatimpactwillthishaveonDecquarterCPI

TheRBAnextmeetsinFebruaryandwillmakeanotherdecisionthen Atthis“veryearly”stage,myestimateisanother“hold”callat 435%withmyestimateforareductionbeinginAprilor May2025(Disclaimer:thisisNOTfinancialadvice,justahumbleopinion) ButI couldbewrongaboutthisandtheRBAmaydecidetoreduceratesinFebruaryafterDecfiguresarereported,whichwouldbewelcome reliefforallborrowers

Lastly,IwanttowishyouallaMerryChristmaswithyourrespectivefamiliesandallthebestin2025

“Harms Block & Savannah”, MOUNT ABUNDANCE

1,252.6 Ha | 3,098.1 Ac FOR SALE $4,500,000

“Mount Bodumba South”, MOSQUITO CREEK

999 5 Ha | 2,469 81 Ac FOR SALE $1,450,000

588 Inglewood Road, PIKEDALE

7,149 17 Ha | 17,666 Ac FOR LEASE BY NEGOTIATION

Commercial Feature Listing

88 Yandilla Street, PITTSWORTH

FOR SALE INTEREST OVER $349,000

Located on a 362m2 allotment with two street access freehold allotment, in the main street of Pittsworth CBD. Town Zoning “Shop- single” under Toowoomba Regional Council Scheme.

The site comprises of a rectangular shape allotment , with near level contour and two street access frontage of Yandilla Street and rear of Evans Street with a shared access to rear of site. The property is improved with a of 209m2 commercial shop front, storage area, toilets and cooking space/prep area and a double carport

Client/customer parking and shop front access along Yandilla Street and delivery drive access to storage area/double carport via Evans Street and staff parking

Access to front and rear of property is a bitumen sealed service road with concrete kerbing and provides on site car parking for tenants in a double carport via a shared easement to back rear entry/loading dock to property and dwelling with on street angle parking for client/customers on Yandilla Street

All utilities including electricity, telephone, town water and sewerage services are connected to the property

The current lease is in place till 4th September 2027 with 1x 3 year option Rent is $28,600 + GST + Outgoings PA

Current Clearing Sale

Bidding Opens: Friday, 13th December, 12pm

Bidding Closes: Monday, 16th December, from 12pm

John

Norseman

First Cattle Sales For 2025

Wednesday, 8th January

Tuesday, 14th January

Wednesday, 15th January

Friday, 17th January

Saturday, 18th January

Thursday, 23rd January

Thursday, 23rd January

Dalby Roma
Gracemere
Sarina
Crows Nest
Kingaroy
Emerald

Andrew McCallum | Real Estate Manager/Director 0427 581 889

Nick Dunsdon | Cunnamulla

Rhys Hebberman | Darwin

Tim Maguire | Emerald

Owen Brockhurst | Miles

Tony Lilburne | Quilpie & Dalby

Bill Reid | Rockhampton

Dan Tyson | Rockhampton

Rick Benham | Roma

David Benham | Toowoomba

Recipe:

Rocky Road Cheesecake (No Bake)

INGREDIENTS:

250g chocolate ripple biscuits

80g butter melted

6 Snowball/chocolate covered marshmallows

300ml cream lightly whipped

200g milk chocolate melted

3 tsp gelatine dissolved in ¼ cup boiling water, cooled

500g cream cheese softened

120g (½ cup) caster sugar

100g mini marshmallows

½ cup raspberry lollies (or fresh raspberries)

30g (¼ cup) shredded coconut

½ cup macadamia nuts

Chocolate sauce, for drizzling

METHOD:

To ensure a smooth cheesecake, ensure all ingredients are at room temperature before starting 1.

Grease and line the base and sides of a 23cm spring-form pan with baking paper and set aside 2

Finely crush the chocolate ripple biscuits in a food processor and place into a bowl. Add the melted butter and mix until well combined. 3.

Press the mixture firmly into the base of the pan, place the Snowballs evenly around the base and then place into the fridge 4

Whip the cream and set aside 5

Melt the chocolate and side aside. 6.

Allow to cool 7.

Pour ¼ cup of boiling water into a cup, sprinkle over the gelatine and stir until dissolved.

Beat the cream cheese and caster sugar together until smooth and creamy 8

Add the cooled, dissolved gelatine to the mix and beat until well combined 9

Fold the melted chocolate and the whipped cream through the cream cheese mixture 10 Spoon the mixture into the prepared tin. Spread out evenly with a spoon. 11.

Place into the fridge for a minimum of 6 hours (for best results, leave in the fridge overnight before cutting) 12

Recipe Sourced from Bake Play Smile

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