A Timber Species Stable in the Round.
One of the people I supply wood to is a wheel wright. A part of the wheel is the hub where he requires a rather small diameter short log. He drills out the centre for the axle and the spokes go into the outside. The wood needs to be tough and durable and to not split as it dries out. Hoop Pine is stable in the round as it dries out but is not tough. Eucs occasionally can be stable but this is the exception. Most rainforest species also split but I like to think that I have discovered one that is suitable, that is tough, durable, and stable that is Native Olive, Olea paniculata. Maybe there are some other species as well? Being stable in the round makes it suitable for other jobs as well.
I do have some photos and will upload them as soon as I can overcome some technical issues.