THIS week’s property review includes this wrap-up of recently completed sales, and two separate articles on interesting recent listings across the country.
- CQ’s Pine Creek Station makes $20m+
- Pedracinis expand with NQ’s Jesmond Station
- Local pays $25m for New England aggregation
CQ’s Pine Creek Station makes $20m+
A New South Wales agri-investment company has paid more than $20 million bare for backgrounding and finishing country in the heart of Central Queensland’s renowned cattle country.
Offered for sale by the Turner family after more than 30 years of ownership, the 6233ha Pine Creek Station is 26km north-east of Rubyvale and 40km south-west of Capella.
Ray White Rural agent Richard Brosnan said the asset attracted 51 inquiries, 23 inspections and 14 offers.
“Pine Creek is well located for producers trucking cattle from north to south and west to east. Emerald saleyards are 80km from Pine Creek Station and within a 400km radius of export abattoirs at Mackay, Rockhampton and Biloela.”
Mr Brosnan said the station offered the incoming purchaser ease of management and water development potential.
Most of the country is productive brigalow scrub with some mixed forest, rising to ranges in the south.
The well-developed pastures have a good coverage of buffel, some seca, red Natal, white kangaroo and native grasses capable of finishing 1250 steers a year.
Pine Creek Station has frontage to the Crystal Creek and is watered by an equipped bore and four dams (three are equipped), in a 550mm to 600mm average annual rainfall region.
Infrastructure includes a four-bedroom home, cattle and horse yards and numerous sheds.
Pedracinis expand with NQ’s Jesmond Station
Reg and Bev Pedracini of Prestwood near Georgetown have paid $8.25 million (bare of livestock but including good quality plant and equipment) at auction for Jesmond Station near Charters Towers – setting a new benchmark for the area.
The 5711ha (consisting of nine freehold blocks and one leasehold block) are located 20km south-west of Charters Towers in the highly renowned Goldfields area.
Ray White Geaney Kirkwood agent Liam Kirkwood said Jesmond Station attracted interest from 42 parties with 12 registering and six active on auction day.
“The bidders ranged from entry level graziers to neighbours, but well-known producers were the successful purchasers.”
“The momentum from the auction campaigns of Glencoe and Brookdale Stations had a flow on effect to Jesmond, and resulted in the same success,” Mr Kirkwood explained.
Offered to the market for the first time in 78 years as part of a deceased estate, Jesmond is considered a large parcel of productive grazing land close to town, with potential for future development.
Traditionally run as a breeder operation carrying progeny out to bullocks, with further development it could be a heavy carrying dry cattle block for backgrounding steers or finishing bullocks.
The country is a mix of fertile black melon hole, red clay to lighter sandy loams and gravelly ridges.
Destocked for 12 months, Jesmond has been well grassed and is capable of running 1000AE or 600 breeders and progeny.
It is watered by four equipped bores, three dams and two wells.
Infrastructure includes a home, a one-bedroom quarters, two steel cattle yards and a shed.
Local pays $25m for New England aggregation
An established New England beef producer has paid $25 million to expand with a top of the range, high rainfall, weight gain block for high quality weaners.
The 1358ha Brucelyn and Mt Emby Aggregation is in the highly regarded Ben Lomond district and comprises the 956ha Brucelyn and the 402ha Mt Emby (which are divided by the Moredun Road).
The properties were offered for sale by feedlot veterinary and nutrition consultants Matthew and Melissa George, who had purchased them separately – Brucelyn in 2021 for $14.35m and Mt Emby in 2022 for $7.9m.
The couple sold the properties to focus on adjoining country they have purchased in Queensland’s Brisbane Valley.
During the marketing campaign, Ray White Rural agent Andrew Starr said the basalt soils and established perennial pastures support exceptional grazing productivity.
“Rising above 1400m on the Great Dividing Range, the aggregation benefits from a cool temperate climate with an average annual rainfall of 950mm to 1000mm.”
“These favourable conditions support the robust growth of perennial pastures, ensuring consistent and high-quality beef weight gain performance,” explained Mr Starr.
The Brucelyn and Mt Emby Aggregation is watered by a bore, Moredun Creek frontage, spring-fed gullies and dams.
During their ownership, the couple installed around 18km of new fencing and completed a reticulation system and trough network.
Infrastructure includes two renovated, four-bedroom homes, two cattle yards, a shearing shed, sheep and cattle yards and numerous sheds.