Weekly Property Review: Recently completed sales

Property editor Linda Rowley, 03/07/2019

Seifert Belmont Reds has sold one of its highly productive cattle breeding properties located at Crows Nest, 180km from Brisbane.

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 buyer secures Crows Nest’s Roslyn
  • Charleville grazing property sells after 62 years
  • Former PM’s Upper Hunter fails to sell
  • North Qld Breeder operation listed privately


Local buyer secures Crows Nest’s Roslyn

A local cattle producer has purchased Roslyn, a highly productive breeding property located near Crows Nest, 180km from Brisbane, for an undisclosed price.

Owned by Seifert Belmont Reds principals Jeanne Seifert and Ian Stark, the sale was part of the transition to larger breeding operations at Chinchilla.

Earlier this year, the pair purchased Flag Springs, a versatile and well-regarded 5575ha grazing property, 115km north of Chinchilla on the Auburn River, in a bid to drive a significant herd expansion for Australia’s largest Belmont Red seedstock herd.

Roslyn, pictured above, comprises 2362ha of developed forest country with double frontage to Emu Creek.

It has consistently run 1400 adult equivalents or 700 cows and calves to weaning plus replacement heifers.

A Queenslander homestead has been completely renovated and the livestock infrastructure is described as first class.

The sale of Roslyn was handled by Broc Winten from Winten & Co and Shane Blakeley from Ray White Rural International, who said both parties were happy with the result.

Charleville grazing property sells after 62 years

Stephen and Suzie Sheppard from Amby Downs at Mitchell have paid $2.6 million for Charleville grazing property Sandford Park.

Vendors the Adcock family listed the 16,157ha freehold property after 62 years of ownership to wind up a family estate.

Well positioned on the Mitchell Highway, Sandford Park is located 65km south of Charleville.

The country comprises an abundance of low, good quality mulga on good soft red country, as well as buffel grass, open Mitchell grass plain, box, sandalwood, some lakes and stony Mulga ridge.

Boasting some Warrego River frontage, the property is also watered by a bore, poly pipe fed tanks, troughs and dams.

Keith Richardson from Elders Charleville said Sandford Park was capable of breeding, growing and fattening.

“It is currently running 700 cows and calves, but with fencing it would be suitable for wool sheep or Dorpers, or goats. In the past, the vendors have run less cows, taking steers to heavy feeder weights and also fattening bullocks.”

After up to 180mm of rain since Christmas, Sandford Park was well grassed.

The 16,157ha freeholding Sandford Park is well positioned on the Mitchell Highway, 65km south of Charleville.


Passed-in and now for sale:

Former PM’s Upper Hunter property fails to sell

Scotts Creek, the Upper Hunter holding owned by former Prime Minister Malcolm Turnbull and his wife Lucy, has been listed for $6.5 million, after failing to sell at auction.

The 2000ha property is located in the foothills of the Liverpool Ranges, 12km from Blandford and Murrurundi, or 330km from Sydney.

Situated at between 600m and 900m above sea level, the property boasts mainly chocolate and black rich basalt soils, plateaued hilltops and sheltered valleys making it an ideal breeding and seasonal fattening property.

It is well watered with running creeks, active springs and surface dams, complementing the average annual 800mm rainfall.

Historically, it has been renowned for its wool growing and Merino sheep breeding abilities. More recently, it has focused on beef production and runs 600 Angus and Hereford breeding cows, together with 1000 to 1500 Merino ewes or wethers.

Chris Meares from Meares & Associates said Scotts Creek Valley is one of the outstanding wool growing and cattle breeding areas of northern NSW.

“The property is located in one of the state’s safer and most sought-after agricultural regions. It is blessed with its altitude, rich basalt soils and 800mm average rainfall and presents as a low cost, highly productive, well situated and scenic property,” he said.

Scotts Creek was expected to raise between $6.5m to $6.75m, however it was passed in for $6m. The Turnbulls will retain East Rossgole, the 1000ha Aberdeen property which Malcolm inherited from his father in 1982.

Chris Meares from Meares & Associates said Scotts Creek Valley is one of the outstanding wool growing and cattle breeding areas of northern NSW.

North Qld breeder operation listed privately

The well-located beef breeding operation Timaru in North Queensland is on the market for $4.2 million on a walk in walk out basis, after failing to sell at auction.

Spanning 16,596ha with access to another 2000ha of useable stock route, Timaru is situated 55km south east of Torrens Creek and 205km south west of Charters Towers.

It has been held by David Bode for the past 45 years.

Selling agent Peter MacPherson from Ruralco Property said Timaru is a well located, mid-range affordable enterprise.

“The property will appeal to a wide range of industry participants with its sound infrastructure, cattle in excellent condition and strong grass stocks going forward.”

Historically, Timaru has run up to 1500 breeders, but is presently carrying 900 cows with 400 weaners.

It features undulating to flat, mainly red, sandy soil, with some chocolate loams along the Torrens Creek frontage country, where there is strongly established buffel.

Timaru is securely watered by a bore, 12 dams, 10 tanks and troughs.

Timaru, south east of Torrens Creek, spans 16,596ha with access to another 2000ha of useable stock route.

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