THIS week’s property review includes this wrap-up of recently completed sales and two separate articles on interesting properties listed for sale across the country.

• Grimwade & Gordon portfolio winds down
• Qld family buys Lund Grain’s Burdekin irrigation & cattle operation
• Three NQ cattle stations secured for new national parks

Yankililla, 110km southeast of Cunnamulla, is an exclusion-fenced property spanning 37,156ha and was offered with a carrying capacity of 20,000DSE.

Grimwade & Gordon portfolio winds down

Two more properties from Grimwade & Gordon’s Queensland portfolio have been sold.

Owned by long term business partners Mike Gordon and George Grimwade, a decision to wind up the company followed George’s untimely death, aged 38, in November last year.

In 2017, BRW rich-lister Michael Gordon joined well-known sheep breeders Will and George Grimwade to build a substantial portfolio of rural property investments.

Their paths crossed when the Grimwade brothers expressed interest in buying Noorama Station, one of south-east Queensland’s most highly regarded grazing holdings and the last property in Mr Gordon’s Bydand Pastoral Co rural portfolio.

Mr Gordon later abandoned plans to sell the holding, and the trio formed a new partnership.

Will Grimwade left the partnership in 2021.

Elders Farmland and Agribusiness Investment specialist Phillip Kelly said the sale of Yankalilla and Warrambah, two significant ‘Salad Bowl’ grazing properties, followed the mid-2025 sales of Oinmurra, near Dirranbandi, and Cashmere West, near St George.

Together, the transactions mark Grimwade & Gordon’s gradual exit from Queensland pastoral investment.

Mr Kelly managed the sales and marketing of all four properties, working with Nutrien Walsh Hughes Bourke on the Yankalilla sale.

He was unable to disclose the buyers or sale prices, but said the results were in line with other recent transactions in the area.

Yankalilla

Yankalilla was bought by a New South Wales-based buyer. It was among the first properties acquired by Mr Gordon and was held by Bydand Holdings from 2005 until 2019, when Grimwade & Gordon Land Pty Ltd was formed.

Until 2022, Yankalilla served as the headquarters of what became known as Noorama Station, a five-property aggregation covering 105,000ha in the heart of the ‘Salad Bowl’ region, 110km south-east of Cunnamulla.

The exclusion-fenced property spans 37,156ha and was offered with a carrying capacity of 20,000DSE.

Yankalilla is divided into 10 main paddocks and five holding yards. Its red and grey earths and grey self-mulching soils are complemented by 3000ha of Widgeegoara Creek flood-out country.

Six flowing artesian bores and several dams supply water to the property.

Infrastructure includes an eight-bedroom home, an older four-bedroom home, six-bedroom workers’ quarters, two shearing sheds, shearers’ quarters, six sheep yards, two cattle yards and numerous sheds.

Warrambah

Following interest from sheep producers in New South Wales, Victoria, South Australia and Queensland seeking expansion opportunities, Warrambah was divided into five parcels and sold to three local landholders.

The large-scale sheep and cattle grazing enterprise covers 40,917ha in south-west Queensland, 110km south-east of Cunnamulla.

Offered with an estimated carrying capacity of 30,000 DSE, its Mitchell, Flinders, buffel and bluegrass country is suited to breeding, backgrounding or finishing cattle, sheep or mixed enterprises.

During the marketing campaign, Mr Gordon said Warrambah stood out as a strong performer because of its high carrying capacity and location in the area’s wettest section.

The property comprises mostly open and wooded Mitchell grass plains, with alluvial floodplains and gently elevated sandy rises providing both productivity and shelter.

Two flowing artesian bores feed a reticulated network of tanks and troughs, supplemented by Warrambah Creek, natural lakes and dams.

Warrambah is fully exclusion fenced, with fencing less than seven years old, and has a set of sheep yards.

Qld family buys Lund Grain’s Burdekin irrigation & cattle operation

A Queensland family has secured Lund Grain’s highly developed irrigation and cattle operation in the heart of north Queensland’s Burdekin region, following strong interest from buyers across eastern Australia.

The 3400ha Balanda Park, near Kirknie and close to Home Hill, was offered for sale by retiring producer John Lund after 13 years of ownership.

Elders agent Robert Murolo said inquiries came from as far south as Victoria and as far north as the Atherton Tablelands.

He was unable to disclose the buyer or the sale price, but said the property was sold on a walk-in, walk-out basis with plant and equipment only.

“Balanda Park features centre pivot and flood irrigation, dryland farming, improved pasture, feedlot infrastructure and grazing country.”

“The turnkey enterprise combines large-scale irrigation development, substantial water security, accredited feedlot infrastructure, integrated grain handling capability and extensive operational improvements,” Mr Murolo said.

He described Balanda Park as a fully integrated production platform.

“Irrigated and dryland farming operations support an NFAS- and EU-accredited feedlot currently configured for 1000 head, with infrastructure and layout supporting future expansion to about 2000 head, subject to relevant approvals.”

Seven centre pivots irrigate 360ha, supported by 1232ML of water entitlements, 2000ML of on-farm storage and three irrigation bores.

Mr Murolo said the substantial water portfolio supports year-round production and offers a level of security rarely available within a single holding.

Other improvements include a four-bedroom, architect-designed home, accommodation for workers and contractors and steel cattle yards.

The property also has extensive grain-handling and feed-preparation infrastructure, including 1300 tonnes of aerated grain storage, grain-drying facilities, roller-mill systems, silage and grain-bunker storage, and an 80-tonne weighbridge.

Three NQ cattle stations secured for new national parks

Three North Queensland cattle stations covering a combined 400,000ha have been acquired through a major conservation partnership between the Crisafulli government and The Nature Conservancy.

The acquisitions comprise the 137,000ha Kendall River Station on Cape York, along with 90,000ha of the Westmoreland and 169,000ha of Cliffdale near the Gulf of Carpentaria.

The properties will be converted into national parks, protecting nationally significant wetlands, savanna woodlands, permanent waterholes and habitat for threatened species, including the palm cockatoo and grey falcon.

The Nature Conservancy, a not-for-profit organisation, helped secure philanthropic funding for the purchases.

The Albanese Government also contributed $3.5 million towards the acquisition of Westmoreland through its $25m Protecting Important Biodiversity Program.

Federal Environment and Water Minister Murray Watt said the expansion would support the Commonwealth’s goal of protecting 30 percent of Australia’s land by 2030.

“We have now protected over 25 percent of Australia’s land mass, up from 22 percent when we came to government in 2022,” he said.

The 137,000ha Kendall River on Cape York, along with 90,000ha of the Westmoreland and 169,000ha of Cliffdale near the Gulf of Carpentaria will be converted into national parks, protecting nationally significant wetlands, savanna woodlands, permanent waterholes and habitat for threatened species