A relatively small piece of grazing country on the south-east of Melbourne has sold to developers for more than $80 million.
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.
Foreign buyers no longer need every purchase ticked by FIRB, but new fees and national security rules could be frustrating.
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.
The 2262 hectare Armidale property Longford has sold at a Ray White Rural auction for $12.75 million.