Property

Weekly property review: Recently completed sales

Property editor Linda Rowley, 27/04/2022

THIS week’s property review includes this wrap-up of recently completed sales, and a separate article on interesting recent listings across the country.

  • Local family secures Carmichael for +$11m
  • Roma district signature property makes +$18.5m
  • $5.9m for Baralaba backgrounding
  • Morven family acquires Bullo River country
  • CQ bare block achieves $8.75m
  • Negotiations underway for Mungallala’s Larnook

 

Local family secures Carmichael for +$11m

Pentland’s Carmichael Station has sold to a local family operation for more than $11 million bare ($512/ha).

Owned by Hewitt Pastoral Enterprises, the 21,500ha of well-grassed breeding country was passed in at auction last week on a vendor’s bid of $11 million.

Located three hours south west of Charters Towers in north Queensland, Carmichael Station is tick-free and has an estimated carrying capacity of 3000 adult equivalents.

Carmichael comprises a mix of country ranging from Carmichael Creek, Brothers and Dingo Creek frontage, blending into mixed scrub and softer desert areas.

The north east is a mix of soft to fair desert country leading back to inferior jump ups and tableland areas on the eastern or Moray Downs boundary.

Carmichael is a well-watered property with an average annual rainfall of 550mm. There are permanent and seasonal waterholes in the Carmichael River and Brothers Creek, as well as 44 dams and six bores (five are equipped).

https://www.youtube.com/watch?v=LvSQcJpBXrg

Pentland’s Carmichael Station has sold to a local family operation for more than $11 million bare ($512/ha).

Roma district signature property makes +$18.5m

A local family has secured Roma district signature property Dalmally for more than $18.5 million or $3489/ha.

The 5302ha property is situated 38km south west of Roma in the tightly-held Mount Abundance district of Queensland’s Maranoa.

Dalmally is home to Rob Brown’s EU-accredited Dalmally Droughtmaster Stud.

When the property was offered for sale in March, John Sim from Nutrien Harcourts GDL described the holding as “one of the finest in the Roma district, suited to a variety of pastoral enterprises.”

The gently undulating softwood scrub soils are currently growing prolific stands of Mitchell, Flinders, bambatsi, buffel and Queensland blue grass.

Abundant water is a feature, with two equipped bores supplying several tanks and troughs supporting dams and creek holes.

A local family has secured Roma district signature property Dalmally for more than $18.5 million or $3489/ha.

 

$5.9m for Baralaba backgrounding

The Normanton based Heslin Cattle Co has paid $5.9 million for Durack, a well grassed backgrounding block near Baralaba in Central Queensland.

The 715ha block was sold under the hammer by Nutrien Harcourts GDL.

For the past seven years, Durack has been owned by Gold Coast based Carl Simpson. Mr Simpson purchased the block from Bill Zahnleiter from Angle Zed Droughtmaster Stud for $2.5 million in 2017.

Durack has rich red chocolatey soils with grasses and a variety of legumes that can support 400 adult equivalents.

The country features gently undulating softwood scrub, shaded with bauhinia, brigalow, blackbutt and bottle trees, complimented by 200ha of well-established leucaena.

Durack fronts the Don River and is securely watered by nine dams supplying three tanks and 17 troughs across the property.

The Normanton based Heslin Cattle Co has paid $5.9 million for Durack, a well grassed backgrounding block near Baralaba in Central Queensland

Morven family acquires Bullo River country

The Creighton family from Morven has paid more than $6 million for the Bullo River cattle station Leopardwood Park in south west Queensland.

The 28,595ha property, 20km north of Adavale and 140km north east of Quilpie, were passed in at auction for $5.9 million but later sold, bringing an end to 114 years of ownership by the Richardson family.

The flood-out country features creeks intertwined through soft loamy box flats, gidgee and mulga.

Plentiful water is sourced from dams, bores, permanent and semi-permanent holes in the watercourses, as well as tanks and troughs.

Like many of the stations in the Quilpie area, Leopardwood Park was historically a sheep station, with cattle running during good seasons.

Today, the operation is running 800 breeders (during good seasons) on buffel, Mitchell and Queensland blue grass pastures, with a strong balance of mulga reserves.

When Leopardwood was offered for sale in March, Andrew McCallum from Nutrien Harcourts GDL described it as a clean green aggregation with sweet productive country producing quality stock, complimented by excellent watering facilities.

The retiring vendors, Vin and Jenny Richardson, have invested a lifetime of work into developing the beef cattle asset.

Leopardwood Park features exceptional infrastructure with a well-executed farm layout. Trap yards and a network of laneways provide a low cost and low stress cattle management system.

Seventy percent of fences are less than ten years old and land management programs, such as blade-ploughing, clearing, stick-raking and ponding, have led to an increased carrying capacity.

A feature is a small carbon offset contract that provides an annual income.

https://www.facebook.com/watch/?v=2067225820124805

The Creighton family from Morven has paid more than $6 million for the Bullo River cattle station Leopardwood Park in south west Queensland.

CQ bare block achieves $8.75m

A 3935ha bare block in Queensland’s tightly held Central Highlands has sold at auction for $8.75 million or $2224/ha.

Lot 17 Euneeke, 50km south west of Springsure and 110km south of Emerald, is suitable for breeders, backgrounding and/or fattening.

The country comprises 2640ha of lightly timbered grazing, 1085ha of timbered grazing country and 210ha of dryland cultivation. Previously cleared country has regrowth and is densely covered with mostly buffel grass.

A mixture of softwood scrub, poplar box flats, ironbark and cypress pine lead into a mountain range.

There is good water with four bores (two solar), seven dams and Vandyke Creek frontage. It also features 686mm average rainfall.

The sale of Lot 17 Euneeke was handled by Rob Wildermuth from Ray White Rural.

Lot 17 Euneeke, 50km south west of Springsure and 110km south of Emerald, is suitable for breeders, backgrounding and/or fattening.

Passed-in: Negotiations underway for Mungallala’s Larnook

Negotiations are continuing for the 4179ha grazing property Larnook, adjacent to the township of Mungallala, 130km west of Roma.

Last week, Larnook was passed in at auction on a vendor’s bid of $8 million. It last traded hands in November 2018, selling for an undisclosed price to Joe Henry for expansion.

Boasting a big body of feed, Larnook is ideally suited to breeding, fattening, backgrounding or potential lotfeeding.

The country is undulating brigalow and box, bottletree with bendee soils, with the balance pulled and racked.

Around 2800ha have been blade-ploughed and established to silk perennial sorghum and buffel grass. Around 200ha is ready for oats.

During his four years ownership, Mr Henry has installed 32km of boundary exclusion fencing, 20km of new internal netting fencing, 7km of new laneways and 13 new watering points.

Darryl Langton from Nutrien Harcourts is handling the sale.

Negotiations are continuing for the 4179ha grazing property Larnook, adjacent to the township of Mungallala, 130km west of Roma.

 

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