
Moorabinda is an institutional-grade beef production property in Central Queensland’s sought-after Taroom district.
Editor’s note: A more detailed report on this transaction will appear in tonight’s Weekly property review – the first for 2025.
A LOCAL Taroom family has secured a substantial portion of Central Queensland holding Moorabinda, following a sales campaign which drew interest from corporate and private buyers, as well as institutional investors.
Under the transaction, where 50 percent of the property sold and settled last month, one of the two owners who originally brought Moorabinda to market also grew their stake in the 15,976ha breeding and finishing holding, located in one of Queensland’s most sought-after livestock production areas.
Moorabinda was initially taken to market in July last year for the first time in the property’s 109-year history, however during the sales process, one of the owning families decided to stay at the property.
The beef production asset is located 64km southwest of Taroom, with a carrying capacity for half the property of about 3000 adult equivalents, or 2250 breeders.
Its strategic positioning near feedlots and road access to saleyards, made it an attractive proposition to both private buyers, corporates and institutional investors.
LAWD director Darren Collins said Moorabinda was renowned throughout the district as a property of elite quality, featuring each element required for efficient and profitable beef production, at scale.
“The sale naturally generated a lot of interest from private and institutional investors, and the outcome achieved was ideal for everyone involved.
“During the process, one of the original owning families decided they wanted to stay on and has increased their holding, and the new incoming purchaser was very happy to acquire the balance as it fitted in with their nearby backgrounding operation.
Southwest of Moorabinda in the Maranoa region, where LAWD is currently marketing Freeman Pastoral Co’s Meeleebee Downs, a 24,168ha property anticipated to sell for more than $140 million.
The combination of secure and extensive water is supplemented by additional income from 22 Origin Energy gas wells and is expected to spark significant interest from institutional investors or corporate farming groups to high-net-worth individuals and existing cattle industry operators seeking to expand.
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