Property

Weekly property review: Recently completed sales

Guest Author, August 26, 2020

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

  • North Queensland downs country makes $5.7m
  • Woodward family secures Bollon’s Whyenbirra
  • Central Queensland’s Palari listed for $17m
  • Smaller traprock block sells

North Queensland downs country makes $5.7m

Almost 16,000 hectares of good quality, undulating downs grazing in Northwest Queensland has sold for the $5.7 million asking price.

Two buyers from the one family purchased 12,124ha Wolston and 3785ha Clifton, 90km south west of Richmond.

Frank and Robyn Blacklock, Balootha, Julia Creek paid $4.32 million or $356/ha for Wolston. The couple also owns Pelham Station at Julia Creek and The 20 Mile, south of Richmond.

Clifton was purchased by the Blacklock’s daughter and son-in-law, Megan and Dennis Folker from Dumas Station, north of Richmond for $1.38 million or $364/ha.

The country comprises mostly pebbly grey self-cracking clay soils and is grassed with barley Mitchell and Flinders. It responds well in both good and light seasons and is presenting a good body of feed.

Combined, Wolston and Clifton carry 2100 adult equivalents but are currently running 1000 head.

The two properties boast excellent water infrastructure in the northern areas and good reliable, low cost, water over the remainder.

Wolston is at the top of the watershed of the northern and southern fall with very minimal flood fencing required.

The two properties were offered for sale by the Entriken family to dissolve a partnership, with Matthew Kennedy from Kennedy Rural handling the marketing and sale.

Two buyers from the one family purchased 12,124ha Wolston (pictured) and 3785ha Clifton, 90km south west of Richmond.

Woodward family secures Bollon’s Whyenbirra

Well known meat industry identity Robert Woodward has secured southern Queensland’s Whyenbirra for around the $4.3 million asking price.

Mr Woodward and family own the vertically integrated Swan Hill Abattoir and Murray Valley Meats businesses, run under the Woodward Foods Australia banner.

Earlier this year, he sold his four Menindee properties in New South Wales’ far west in a record walk-in walk-out deal worth close to $25 million, including around 7500 Merino sheep, Dorpers and goats, plus plant and machinery.

Whyenbirra’s 14,357 hectares, 60km south of Bollon and 132km south west of St George, are suited to breeding and backgrounding cattle, sheep and/or goats.

The fully exclusion fenced property offers safe and reliable bore water, and a mix of buffel and flood-out country.

The country comprises 75 percent deep red loamy soil and 25 percent deep grey flood out country, which benefitted from recent flooding from the Wallam Creek and carries a large body of fresh feed.

Water is a feature with the Whyenbirra share bore suppling five properties, as well as 18 tanks and 38 troughs.

In season, the  holding has carried up to 1500 cows. Over the past 12 months it has been destocked and has recovered from drought with an excellent body of feed, predominately buffel and herbages.

The sale and marketing of Whyenbirra were handled by Nick Dunsdon from Ruralco.

Well known meat industry identity Robert Woodward has secured southern Queensland’s Whyenbirra for around the $4.3 million asking price.

Passed-in: Central Queensland’s Palari listed for $17m

The Deguara family has listed its 5492ha of blue-ribbon grazing country in the renowned Valkyrie district for $17 million, after it failed to sell at auction.

Palari is located at Nebo in Central Queensland, 180km from Mackay, and is being sold by the family after 42 years due to succession planning.

Sitting above the Funnel Creek/Connors River junction, the country runs from strong brigalow country to river flats.

The property is watered by three bores, turkey’s nests and permanent waterholes in the flood out country.

Featuring 20km of new boundary fencing, Palari’s estimated carrying capacity is 2500 adult equivalents.

Selling agent Bill Hamilton from Ruralco said Palari was a high performing beef producing opportunity.

“Properties of this calibre are difficult to source. Palari would make an ideal backgrounding or bullock operation, supplemented by the use of the centre pivot.”

Previously, 526ha has been cultivated and planted to wheat or forage sorghum. Around 2833ha have been stick raked and disc ploughed.

Palari is being offered as a going concern with plant and equipment, but bare of livestock.

Carrying 20km of new boundary fencing and steel and timber cattle yards to handle up to 1500 head, Palari’s estimated carrying capacity is 2500 adult equivalents.

Smaller traprock block sells

Southern Queensland border region grazing property Barongarook has sold following an expressions of interest process.

The 4112ha  block is located in traprock country at Cement Mills, near Gore, close to the NSW border.

No price was disclosed, however it is understood the deal was worth around $620/ha. Barongarook was passed in when offered at auction in 2017 for $1.6 million. The property is estimated to carry 3500 breeding sheep or cattle equivalent.

Barongarook is open grazing country running from soft undulating traprock to Macintyre Brook flats. The property is mostly exclusion fenced, with 25 paddocks plus laneways.

Water is supplied from 56 dams with an 8km frontage to Macintyre Brook. Improvements include a four-bedroom homestead set in established gardens overlooking Macintyre Brook, plus a three-bedroom cottage and quarters/guest accommodation.

The property also includes a six-bay machinery shed, five-stand shearing shed, four silos, molasses tank, and outbuildings. There are also cattle and sheep yards.

Agents were Angus Corke and James Croft from Ray White Rural.

Barongarook is open grazing country running from soft undulating traprock to Macintyre Brook flats. The property is mostly exclusion fenced, with 25 paddocks plus laneways.

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