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

• Local pays $30m to expand with CQ’s Pasha
• Southern Tablelands grazing asset makes around $16m
• Surat family secures Milford Rocks
• New England Angus breeder expands with Gwydir Park
• Gateway Wagyu NSW property buyers revealed

Developed buffel country on Pasha, near Clermont

Local pays $30m to expand with CQ’s Pasha

Locals expanding their existing holdings have paid around $30 million for a well-developed backgrounding and finishing opportunity in Central Queensland’s Isaac region.

The 7915ha Pasha is located 50km north-west of Moranbah and is offered with a conservative carrying capacity of 2500 Adult Equivalents.

The mostly developed gidgee and brigalow country with melon holes also has areas of poplar box, river red and blue gum alluvial flats, eucalypts and bloodwood on clay and brigalow with blackbutt.

The soils comprise a mix of brown, black or grey cracking clays and red or brown hard-setting loamy or texture contrast soils growing abundant buffel stands, supported by other improved pastures and native grasses.

Securely watered via an abundance of natural water including the Suttor River and Eaglefield and Nibbereena Creeks, Pasha is underpinned by three water licences and two bores in a 587mm rainfall region.

Infrastructure includes two four-bedroom homes, a three-bedroom cottage, two cattle yards and numerous sheds.

Agents from Kennedy Livestock & Property and LAWD handled the sale.

Southern Tablelands grazing asset makes around $16m

An investor with local interests has paid around $16 million for a mixed grazing enterprise in New South Wales’ Southern Tablelands region.

The 1020ha Rosedale is situated near Quialigo, 12km from Goulburn and 107km from Sydney and was sold by an off-farm investor after 36 years of ownership and continual development.

Agents from Inglis Rural Property confirmed the sale but were unable to disclose the purchaser or the price paid. However, during last year’s marketing campaign, Rosedale was anticipated to raise more than $16 million.

The beef production platform has been running 460 breeders and followers, but was offered with a 9000DSE to 10,000DSE carrying capacity.

It would also suit prime lamb production, dual-purpose cash cropping, fodder and/or hay production.

The versatile, undulating country is mostly cleared of timber with 85 percent considered arable. Soils are red and brown granite loams suited to winter perennial pasture development and fodder cropping.

There are multiple water sources including double frontage to the Bullamalito and Quialigo Creeks, 35 dams and two equipped bores.

Infrastructure includes a four-bedroom cottage, steel cattle and sheep yards, a four-stand shearing shed, sheds and six silos.

Surat family secures Milford Rocks

A family from Surat has paid $5.7 million ($4956/ha bare) for a productive and picturesque south-east Queensland beef cattle operation, an hour’s drive from Brisbane.

Offloaded by the Melbourne-based BE Power Group, the 1150ha Milford Rocks is located near Crows Nest and 56km from Toowoomba.

Milford Rocks is close to livestock saleyards at Toogoolawah, Toowoomba and Dalby, and processing facilities at Crows Nest, Esk and Kilcoy.

The country is mostly blue gum timber on granite, transitioning to stands of ironbark on the eastern side of the property and smaller areas of blue gum alluvial flats along the watercourses.

Pastures are a mix of rhodes and panic grasses, as well as seasonal legumes and herbages, supporting 240 breeders.

Soils comprise a mix of sandy clay loams and fertile dark grey and dark brown cracking clays.

Benefitting from an average annual rainfall of 723mm, Milford Rocks is watered by a bore, 18 dams and numerous seasonal and permanent spring-fed creeks.

Infrastructure includes a prestigious five-bedroom homestead, two steel cattle yards, sheds and stables.

LAWD agents Grant Veivers and Alex Horan handled the sale.

Milford Rocks cattle yards

New England Angus breeder expands with Gwydir Park

New England Angus breeder James Harris from Abington Station, Bundarra, has paid $4.9 million for Gwydir Park which neighbours Nuandle, one of his satellite farms.

Sold by Danieli Farms after three years ownership, the 864ha holding is centrally located between Armidale, Uralla and Inverell.

Currently operated as a commercial beef operation, Gwydir Park is suited to both breeding and backgrounding with a 300 cow carrying capacity.

During the marketing campaign, Ray White Rural agent Andrew Starr said there was an opportunity to further drive the property’s grazing production.

“The gently undulating arable grazing land lends itself to pasture development, fodder cropping and ground spreading of fertiliser.”

The property boasts Gwydir River frontage and is watered an equipped bore and numerous dams in a 750mm average annual rainfall region.

Infrastructure includes a five-bedroom home, steel cattle yards, a two-stand shearing shed, sheep yards and numerous sheds.

Gateway Wagyu NSW property buyers revealed

The buyers of Gateway Wagyu’s two NSW mid-north coast properties sold earlier this month have now been disclosed.

Click this link to read Beef Central’s earlier report on the sale of Gateway’s enormous Fullblood and Purebred Wagyu herds and the two property deals totalling $19.7 million that preceded them (no buyers were disclosed at the time, due to an invitation-only auction process being applied).

Prominent Walgett district graingrower Charlie Pye is the new owner of Gateway’s Kerriki & Number One, in the Manning Valley. Mr Pye was also the underbidder on the second property, Three Pines.

The 1016ha Kerriki and Number One aggregation sold for $6 million, representing about $5900/ha. Mr Pye also purchased around 500 Fullblood breeding cows and semen, sold as part of the Gateway herd dispersal.

Kerriki & Number One, covering 1015ha, has undergone significant development, including 18km of new fencing and extensive roadworks.

Boasting 6km of river frontage and high annual rainfall, the property is comfortably supporting 500 breeders, with room for expansion.

The property is held in 36 titles, including road enclosures. Country is a mix of river flats, open grazing to steep timber ridges.

There’s extensive frontage to Rowleys River, numerous dams and seasonal creeks + WAL from Rowleys River.

Extensive new fencing has been installed over the last 15 months, all stock proof. New road infrastructure has been installed throughout the property, upgraded alongside fencing. Two sets of stockyards are used across both holdings, one timber, one steel.

There’s a weatherboard homestead, and brick/stone cottage with shedding. Native pastures include kikuyu, clovers and paspalum.

The second Gateway Holding sold earlier this month, Three Pines, is understood to have been bought by Goondiwindi (Queensland) primary producers Mark and Charisse Ladner, principals of Gooralie Free Range Pork.

Beef Central was unable to contact the Ladners before this item was published, but the Three Pines property sold under hammer at the auction for $13.7 million bare, representing about $11,700/ha.

Three Pines provides ideal conditions for breeding, with improved pastures of Rhodes, kikuyu, and clover. Wagyu calves are weaned at 6-7 months of age. The property is held in four titles and features Creek flats, open grazing to clean steep grazing.

Three Pines includes a double frontage to Bakers Creek, 12 dams and 19 troughs around yards. All fencing has been renewed over the last eight years, with a laneway system in place to simplify cattle movements.

Infrastructure includes an excellent set of cattle yards (Arrow and Red River with scales) and six large sheds. Sub-tropical pastures comprise kikuyu, Rhodes and clovers. Carry capacity is estimated by the vendor at 650–700 breeders.

The main homestead was built in 2017, comprising three bedrooms plus study. The manager’s residence is an original, renovated weatherboard dwelling with five bedrooms. There’s also a comfortable three bedroom workman’s cottage.

Marketing agent for both properties was Ray White Manning Valley.