Property

Weekly property review: Recently completed sales

Property editor Linda Rowley, 03/11/2021

Andrew and Andree Rowntree are believed to have paid between $15 million and $16 million for their neighbouring blue-ribbon mixed farms Bowness and Willowmere on the south west slopes of NSW.

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

  • Neighbours expand with blue ribbon properties at Young
  • $25m for large scale weaner factory in western QLD
  • NT cattleman pays $10m+ for NSW’s Kintyre
  • NQ’s Timaru sells for the $5m asking price

Neighbours expand with blue ribbon properties at Young

Andrew and Andree Rowntree are believed to have paid between $15 million and $16 million for their neighbouring blue-ribbon mixed farms Bowness and Willowmere on the south west slopes of New South Wales.

The couple, who own and operate Windridge Pastoral, secured the 1392ha breeder aggregation including 300 head of cattle and plant prior to auction for around $1533/DSE.

The Rowntrees own three farms in the Young district totalling 5100ha including a 4000 sow piggery, 1000 head of cattle and 8000 breeding ewes that produce both meat and wool.

The 200ha Bowness, pictured above, and the adjoining 1191ha Willowmere are located 14km from Murringo and 38km north east of Young.

Several creeks and watercourses, underpinned by a large network of strategically placed dams (many of which are spring fed) provide secure water to the property.

Selling agent Richie Inglis from Inglis Rural Property described the holdings as immaculately presented, boasting scale and turnkey productivity, comfortably running 650 Angus cows plus progeny.

While Mr Inglis was unable to disclose the buyer or the price paid, at the time of listing he suggested Bowness and Willowmere would be highly sought after by neighbours, locals or a high-net-worth investor.

History

Bowness was purchased by Sydney stockbrokers and brothers John and David North in 1967 and became one of several rural properties they owned including Winderadene at Reid’s Flat and Currawidgee at Trangie.

In 1978, the prime grazing and farming country was acquired by John North’s son, John and wife Helen, who diversified into running sheep, cattle and Thoroughbred horses.

Today, Bowness is operated as a beef breeding and opportunistic backgrounding platform, producing calves for the vendor’s other landholdings where progeny are sent to background and/or finish.

$25m for large scale weaner factory in western QLD

The North Queensland Cattle Co has paid around the $25 million asking price for Western Queensland’s large-scale weaner factory Strathpark Station.

The sale included 8000 breeders, as well as a large inventory of plant and equipment.

The 159,700ha breeding property is located 14km north of the Norman River Crossing and 140km north of Richmond and has an annual 650mm rainfall.

Strathpark has been held in the same family for more than 25 years, with the vendors, Greg and Jan Gibson consolidating their assets.

Last year, the couple offloaded their 16,592ha backgrounding and fattening property Ardbrin, 100km south-west of Richmond and 590km west of Townsville.

Strathpark is watered by 44 dams, a turkey’s nest and 26 bores. It has numerous creeks and is dissected by the Norman River.

The country is slightly undulating forest grazing than can run between 8000 to 10,000 mixed breeding cattle.

Matthew Kennedy from Kennedy Rural said there had been strong inquiry particularly from southern buyers looking for breeders and grass.

“Strathpark has had an excellent wet season and the cattle were in great condition. The high-quality cattle and bulls were selected from three main Grey Brahman studs with a focus on conformation, frame and doing ability.”

The North Queensland Cattle Co has paid around the $25 million asking price for Western Queensland’s large-scale weaner factory Strathpark Station.

NT cattleman pays $10m+ for NSW’s Kintyre

A Northern Territory-based cattleman has paid north of $10 million for Kintyre, the Haggarty family’s large cattle breeder factory on New South Wales’ Northern Tablelands.

The purchaser, who is believed to own country and other businesses in the NT and Western Australia, secured the property prior to auction.

Kintyre is situated 60km east of Glen Innes and features 20km of frontage to the Mann (13km) and Henry (7km) Rivers.

The 4860ha holding occupies the ‘bowl’ of the cleared valley floor and conservatively carries 800 cows, although it has the scope to run more than 1000 breeders.

The country features fertile loamy soils, creek flats and undulating to some steep timbered slopes.

Over recent years, the Haggarty’s have replaced more than 37km of boundary and internal fencing.

Jim Ritchie from Nutrien Harcourts said Kintyre’s excellent water, rainfall, fertiliser history, management and scale enticed buyer interest from New South Wales, Queensland and even Tasmania.

A NT-based cattleman has paid north of $10 million for Kintyre, the Haggarty family’s large cattle breeder factory on NSWs’ Northern Tablelands.

NQ’s Timaru sells for the $5m asking price

A producer from Springsure in Queensland’s Central Highlands has paid around the $5 million asking price for the well-located breeding operation Timaru in North Queensland.

The sale included 740 crossbred cows, 350 calves, 30 bulls and between 40 and 50 heifers and some plant.

Spanning 16,596ha (with access to another 2000ha of useable stock route), Timaru is in the Desert Uplands, 56km south of Torrens Creek and 215km west of Charters Towers.

Located in a tick-free area, the country features flat to gently undulating, sandy and heavier clay soils with a healthy variety of established pastures.

There is 8km of Torrens Creek frontage country and areas of buffel and forest Mitchell. Timaru is also watered by a share bore and 13 seasonal dams.

Vendor David Bode, who has held the enterprise for close to 50 years, estimates Timaru can run 1000 breeders plus followers in an average season.

Charlie Phillott from Slaney & Co said the property was ideally suited to an established operation with existing growing/fattening country, or as a stand-alone breeder operation.

The opportunity for further development is also a feature of Timaru.

A producer from Springsure in Queensland’s Central Highlands has paid around the $5 million asking price for the well-located breeding operation Timaru in North QLD.

 

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