Property

Property briefs – 30 July 2015

Beef Central, 28/07/2015

CSG company leasing out 40 SQ cattle properties

Queensland Gas Company owns 40 cattle grazing properties covering 67,000 hectares in and around its coal seam gas tenements near Wandoan, Chinchilla and Dalby in Southern Queensland. In recent months the British Gas subsidiary has been seeking expressions of interest in the long-term lease of its property portfolio.  Interested parties to date are reported to include Macquarie Group’s Paraway Pastoral and the Menegazzo family’s Stanbroke Pastoral, according to an Australian Financial Review article this week. The QGC portfolio is split into six zones with 36,159 hectares of grazing and a carrying capacity of about 8500 head of cattle. The key grazing properties are in zone 1 near Wandoan, which covers 24,417 hectares. There are also about 2873 hectares of cropping country across the portfolio: potential sources of fodder production.

 

 Rinehart buys Fossil Downs for $30m

West Australian mining magnate Gina Rinehart has expanded his cattle industry industries with the purchase of iconic Kimberley cattle station, Fossil Downs for $30 million. The 394,000ha property adds to an already large portfolio of properties in the cattle industry. Last year her company Hancock Prospecting paid a reported $40 million to buy a 50pc share of Liveringa and Nerrima Stations which cover 450,000ha in the Kimberley. A few months later she entered another joint venture deal worth around $65 million to buy Moola Bulla Station near Halls Creek (394,236ha) and Mt Amhurst (259,201ha), Beefwood Park (205,555ha) and Shamrock Station (178,141ha) in the Kimberley. That was followed in December last year by the acquisition of Dubbo, NSW, district Wagyu grazing properties Boogadah and Caigan from businessman Paul Saltieri, for a reported $25 million. Fossil Downs was owned by John and Annette Henwood, and had been held by Mrs Henwood’s family since 1882. It is situated about 50km north east of the Fitzroy Crossing township and 430km to the live export port of Broome, and was advertised as running 15,000 head of primarily Droughtmaster cattle.

 

1388ha Fairfield near Melbourne for sale

The Melbourne city skyline is visible on the horizon from Fairfield

The Melbourne city skyline is visible on the horizon from Fairfield

One of the largest individual landholdings on the fringe of the Melbourne Urban Growth Boundary is being offered to the market for the first time in two decades.  Fairfield, a 1,388 hectare landholding situated in Darraweit Guim, just 48 kilometres from the Melbourne CBD, comprises a substantial grazing and dry land farming operation, running a combination of sheep and cattle, with approximately 500ha available for high quality cropping. The property features several improvements, including a five bedroom, two bathroom homestead, managers’ residence, four stables, five car garage and shearing shed. The property is being offered to the market via an International Tender campaign, closing Wednesday 21 October at 4pm AEST. Contact: Danny Thomas at CBRE on (03) 8621 3476.

 

Drillham aggregation passed in

David and Jill Raff and family’s Mundibilinga aggregation near Drillham, Qld was passed in at auction last week on a bid from the floor of $3.6 million. The immaculately presented home of the Raff Angus seedstock enterprise for the past 40 years, the 6700ha aggregation has now been listed privately at $4.25 million, bare. Country is mostly undulating brigalow/belah carrying improved pastures. There is a large, comfortable main homestead, two additional three-bedroom houses, outbuildings and a stud selling complex. Contact: Roger Lyne, Ray White Rural Dalby. Ph 0427 698 866.

 

 

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