- Stornoway passed in today for $4.5m
- Shauna Hills sells tomorrow
- Tallawalah attracts interest during Beef 2018
WITH an anticipated 100,000 industry stakeholders passing through the turnstiles at Beef 2018 in Rockhampton this week, several property agencies used the opportunity to market local cattle holdings.
All eyes were on the Central Queensland property market when the bullock fattening property Stornoway went to auction in Rockhampton this afternoon.
The 2089ha property, situated in the Callide Valley, 35km from Biloela and 130km from Rockhampton, comprises predominately softwood scrub country with improved pastures, including 485ha of established leucaena.
Stornoway is well-watered with 16 dams and permanent waterholes in Bell Creek and is currently carrying 1100 fattening steers.
Vendor Lloyd Hick, who owns large cattle holdings in Julia Creek, Richmond and Barcaldine, decided to put Stornoway on the market after the death of his father.
Selling agent Ross Jorgensen from Landmark Harcourts said the Jambin property attracted strong producer interest from across Central, Western and Southern Queensland.
There were five registered bidders, however Stornoway was passed-in at $4.5 million. It’s understood the agents are currently negotiating with interested parties. Onlookers said the auction drew a large audience, due to the show crowd in town.
Shauna Hills sells tomorrow
The tightly-held Bauhinia grazing property Shauna Hills will also be auctioned tomorrow (Thursday) during Beef 2018 by Gary Bishop from Hourn and Bishop Qld and Virgil Kenny from Elders.
Located 20km north of Bauhinia, the 6014ha enterprise boasts strong stands of buffel and can carry 1000 breeders plus progeny to weaners.
Water is a stand-out feature with 16 dams and a flowing bore piped through the entire property servicing tanks and 36 troughs.
Tallawalah attracts interest during Beef 2018
Interested parties are using Beef Week to inspect the showcase grazing property Tallawalah, located midway between Rockhampton and Mackay.
Spanning 8200ha, the picturesque and highly productive enterprise boasts extensive stands of native and improved pasture supporting a conservative carrying capacity of 3600AE.
Owner John Morris purchased Tallawalah from the Iwasaki family, the Japanese developers of the Capricorn Resort at Yeppoon, in 2001. Soon after, he engaged retired local DPI boss John Wildon to consult on pasture improvement and noxious weed eradication.
Mr Morris’ efforts have resulted in a highly productive commercial beef enterprise that has not impacted on any of Tallawalah’s natural assets.
The property was scheduled for auction in March but was inundated with 400mm of rain. Further falls and a cyclone looming off the coast forced the cancellation of the subsequent April auction.
Joint selling agents, CBRE and Pat O’Driscoll Real Estate, decided to sell Tallawalah via an expressions of interest campaign, which is just about to close.
Mr O’Driscoll said at least two buyers are using Beef Week as a launching pad to inspect the property, which has attracted tremendous interest, particularly from domestics seeking a trophy property.
“Sydney and Melbourne buyers are attracted to the agistment option. However, there are quite a few interested producers from Queensland and northern New South Wales.”
Tallawalah’s abundant water resources which provide significant future development potential are another drawcard.
There are numerous opportunities for continued development including the establishment of eco-tourism, capitalising on the property’s stunning natural landscape. It is also adjacent to the World Heritage Great Barrier Reef and deep-sea fishing.