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

• Negotiations continue on Qld Western Downs country
• Mundubbera’s Echo Hills makes $7.3m
• Well-developed Surat cattle block sells at auction

The Gull, near Guluguba on Queensland’s Western Downs, comprises 2060ha of freehold grazing land and an adjoining 700ha of forestry lease.

Negotiations continue on Qld Western Downs country

Cattle breeding, backgrounding and finishing country in Queensland’s Western Downs region that failed to sell at auction, is attracting fresh inquiry with Elders agent Phillip Kelly in negotiations with several interested parties.

The 2759ha The Gull is 6km west of Guluguba and 13km south of Wandoan in a well-regarded beef production area, close to major markets and feedlots.

The holding passed-in on a vendor’s bid of $8 million, but Mr Kelly is understood to be negotiating a significantly higher price.

The Gull comprises 2060ha of freehold grazing land and an adjoining 700ha of forestry lease. For more than 60 years, it has been held by the Hansens who have traditionally finished more than 600 steers through to bullocks on established buffel pastures.

Family members have also run a breeding operation and a commercial stud, with the vendors estimating the property can support 1000 backgrounders or 600 breeders with followers sold as weaners.

During the marketing campaign, Mr Kelly said further development, regrowth control and pasture renovation could increase production.

Most of the soft open rolling country that rises to low ridges grows brigalow, belah, softwood scrub and poplar box. There is an area of more than 200ha of previous cultivation that produced grain and fodder crops.

Infrastructure includes a three-bedroom home, numerous sheds, grain silos and cattle yards.

Eight dams and a shared bore supply water to The Gull.

Mundubbera’s Echo Hills makes $7.3m

A local family from Mundubbera has paid $7.3 million ($3538/ha) at auction for blue ribbon grazing in the heart of Queensland’s North Burnett.

The 2063ha Echo Hills is located 38km south of Mundubbera and 70km west of Gayndah and was sold by a local family after 30 years of ownership.

The well-developed grazing property features established pastures including Queensland and native bluegrass, buffel, panic, black spear grass, seca and other native grasses.

Over summer, Echo Hills had received a couple of hundred millimetres of rain and during the marketing campaign was presenting with good grass and abundant water.

Watered by 13 dams and a bore, there are seasonal creeks with semi-permanent waterholes, supported by 701mm of annual rainfall.

Infrastructure includes a four-bedroom home, numerous sheds and timber cattle yards.

The sale was handled by Richard Brosnan from Ray White Rural.

Well-developed Surat cattle block sells at auction

Nearby neighbours, the Packer family, have paid $3.5 million ($3735/ha) for a well-developed grazing block near Surat in southern Queensland’s Maranoa region.

Purchased to expand their existing holdings, the 937ha Wilga Park is 5km east of Surat and close to saleyards, feedlots and processing facilities.

The country features undulating open downs, black soils and areas of lightly timbered softwood bauhinia and belah. Established pastures include Mitchell, blue, buffel and native grasses.

Described as excellent, the infrastructure includes a three-bedroom home that has recently been restumped and repainted, an exclusion-fenced airstrip and a hangar shed, as well as some new fencing.

Water is secured by two solar operated bores and four dams.

The sale was handled by JLL Agribusiness agents Clayton Smith and Bart Norris.

The 937ha Wilga Park is 5km east of Surat and close to saleyards, feedlots and processing facilities.