HIGHLY regarded large-scale Northwest Queensland grazing property, Brackenburgh aggregation sold under the hammer for $22.25 million last week.
The sale price was above some pre-sale expectations, which pitched the 182,000ha (450,000ac) holding at around $22 million, walk-in, walk-out, with 5000 cattle.
Located in the Middleton district 170km west of Winton and southwest of Kynuna, Brackenburgh has been bought by John and Robyn Rodger from Hatcham Downs at Taroom, who will use the property as a breeding depot for their Dawson Valley grass and grain finishing operations.
Brackenburgh attracted seven serious inspections – mostly from large, well-established family-scale producers in the Central Highlands and Central Queensland region, but also attracting interest from the corporate pastoral company sector.
The walk-in walk-out sale included 5000 head of mixed breeding cattle, as well as comprehensive plant and equipment. A good body of feed following March rain, and a high standard of improvements including four sets of well-appointed steel yards handling up to 2000 head each were other strong attractions. About 80km of renewed boundary fence was built in the past three years.
The aggregation was gradually put together over many years by vendors Duncan and Lesley Lawton, who have been operating the property with their sons Will and Dan, but have decided to rationalise the family business. The seven holdings which make up the aggregation include Rangers Valley, Brackenburgh, Saville Downs, Glenworth, Denbeigh Downs, Menin and Patricia Downs.
Brackenburgh features an excellent balance of strong grazing country from flood out channels to Mitchell and Flinders grass downs and soft loam saline grass country.
With an estimated carrying capacity of 11,000 mixed cattle in an average season (or 5500 breeders plus progeny carrying steers), the property has the flexibility to be used as a backgrounding operation, producing a high turnover of young cattle.
Marketing agent David Tannock from Tannco Real Estate said the property was in good order and presented very well.
“Since March seasonal break, Brackenburgh has received 228mm of rain with beneficial flooding. The 25 dams are near full, as are the numerous permanent and semi-permanent waterholes in the Saville and Middleton Creeks and the Diamantina River. The aggregation is going into winter with very good feed reserves,” he said.
Twenty five dams, plus creeks, are supplemented for stock water by seven bores – five of which are equipped – and poly pipe, providing a high level of water security.