Property

Weekly property review: Recently completed sales

Property editor Linda Rowley, 28/04/2021

Situated in three sheltered valleys, Llangollan comprises 2733ha of well grassed grazing country, rising from creek flats to open mountain plateaus.

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

  • Top dollar for two standout Central QLD properties
  • Duaringa district record for Newlands
  • Asking price paid for Premier South Burnett cattle country
  • Heavy carrying capacity in southern QLD makes $8.42m
  • Queenslander pays $7m for prime NSW cattle holding

 

Top dollar for two standout Central QLD properties

The Moura-based McIntyre Cattle Co has paid $22 million ($4222/ha) for the standout breeding, backgrounding and finishing property Yantumara, in Central Queensland’s renowned Bauhinia District.

Brad Hanson from Hourn & Bishop Qld said there were 11 registered bidders, with four active on the day.

“The sale of Yantumara exceeded expectations, with quality Central Queensland cattle country hard to come by,” he said.

The 5211ha block is situated at Goomally, 25km from Bauhinia and 100km from Moura. It comprises 4300ha of open grassland, 900ha of forest country under timber, with around 90ha established to leucaena.

Yantumara is EU accredited and can run 1500 adult equivalents, however it was lightly stocked in preparation for this week’s Hourn & Bishop Qld auction.

Water is a standout feature with 9km of dual frontage to Repulse Creek, seasonal waterholes, six dams and two bores that deliver 156,000 litres of water to four tanks and 15 troughs.

Yantumara consists of 4290ha of open grassland, 920ha of forest country under timber, with around 90ha established to leucaena.

District record for Duaringa’s Newlands

Meantime, Brett Nobbs’ highly regarded finishing and backgrounding property Newlands, in Central Queensland, set a new district record, selling for $6062/hectare recently.

Neighbour Tony Dunne, Walleury, Duaringa, who owns the adjoining property Calvert Creek, paid $5.25 million at auction for the 866ha block of fully developed brigalow, belah, bottletree softwood scrub country.

Located near Gainsford, 27km south of Duaringa and 50km north of Baralaba, the flood-free enterprise features 2km of Dawson River frontage and is watered by five dams.

Newlands has abundant feed and established improved pastures, including buffel, green panic and bambatsi panic that can run between 400 and 450 steers to bullocks.

Sold bare of stock and plant, Brad Hanson from Hourn & Bishop Qld said Newlands attracted producers seeking expansion from as far south to the Downs to the west, and from Emerald in the Central Highlands.

Last month, Hourn & Bishop Qld was responsible for selling another standout asset, Baralaba’s 1350ha Currawong for $6.05m ($4481/ha bare).

Newlands boasts abundant feed and established improved pastures, including buffel, green panic and bambatsi panic that can run between 400 and 450 steers to bullocks.

Asking price paid for premier South Burnett cattle country

Karen Dunlop from the Brisbane Valley has secured Kitoba, a premier South Burnett cattle property with outstanding infrastructure and pastures.

While selling agent Mike Barry from Shepherdson and Boyd was unable to disclose the price paid, it is believed to be around the $4.6 million asking price.

Long held by Jillian Fogg and her son Doug, the 711ha Kitoba is located 15 minutes from Murgon and 45 minutes from Kingaroy, in southern Queensland.

It features 50ha of black soil flats highly suitable for cultivation and the remainder is blacksoil, bottletree, softwood to volcanic red soil scrub country that is carrying a good body of feed.

The property can run around 500 young cattle to feedlot export feeder weights or 400 bullocks to finishing or 350 breeders with progeny removed as weaners. In a very good season, the vendors have run up to 700 backgrounding cattle.

Kitoba fronts the seasonal Windera Creek, plus seasonal watercourses, and is connected to the Merlwood water scheme ensuring a safe and reliable water supply to holding tanks, with water gravity fed to stock troughs. There is also a bore and a dam.

the 711ha Kitoba is located 15 minutes from Murgon and 45 minutes from Kingaroy, in southern Queensland.

Heavy carrying capacity in southern QLD makes $8.42m

Graham and Christina York from Wallumbilla have paid $8.42 million ($2417/ha) for the well grassed, 3483ha fully exclusion-fenced Lorne in southern Queensland.

The open, heavy carrying capacity country, held by the Mitchell family for 90 years, is situated 11km from Muckadilla and 38km from Roma, in the tightly held Mount Abundance district.

Described as a backgrounding operation or depot, the country consists of open black soil downs, box, sandalwood, belah and some brigalow, bottletree and whitewood country.

Grasses are mostly Mitchell, with areas of buffel and annual grasses, such as Flinders and button grass.

The mix of land types offers a diverse scope for livestock or mixed farming, with the security of permanent bore water supply.

Lorne is watered by two bores, eight dams and seasonal waterholes in the Muckadilla and Emu Creeks.

A large area of the property is suitable for cultivation. In the past, around 400ha was grown to fodder and grain crops, however only 35ha is currently being farmed.

Ben Forrest from the Resolute Property Group handled the marketing and sale of Lorne.

Queenslander pays $7m for prime NSW cattle country

A Queensland producer has paid $7 million ($2561/ha bare) for high rainfall, low-cost calf factory overlooking the Horton Valley, an area renowned as being some of the best cattle country in New South Wales.

Situated in three sheltered valleys, Llangollan, pictured at top of page,  comprises 2733ha of well grassed grazing country, rising from creek flats to open mountain plateaus.

The property was settled in the early 1900s and since then, there have been only three owners, with the Boland family holding the enterprise for the past 24 years.

Water is a key feature, with recent developments in water storage and management providing a virtually guaranteed stock water supply.

On top of the modern reticulated system (from a network of four bores), there are 40 dams, two creeks and other smaller tributaries ensuring that cattle never have too far to travel to access water.

With an average elevation of 630m (with peaks to 855m), Llangollan’s historical rainfall data shows around 990mm  annually.

Fertiliser and pasture management strategies underpin the breeding program which has shown production levels in excess of 1100 females joined annually.

The sale of LLangollan was handled by Andrew Starr from Ray White Rural.

 

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