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 quality cattle country in southern QLD
- Wilmot Cattle Co named as buyer of Paradise Creek
- Record price for Southern Downs country
- Interstate buyer swoops on Cobar properties
- Mining company secures Cobar country for access
Top dollar for quality cattle country in southern QLD
District records have been smashed following the sale of some of the best cattle carrying capacity country in Queensland’s Western Downs / Maranoa region.
Ben Conway from Taroom paid $20.15 million or $6939/ha bare for the 2904ha Hurreldean, in the heart of brigalow and bullock country, 56km north of Yuleba, 75km from Taroom and 120km from Roma.
Carl Warren from TopX Australia described the auction as one of the most outstanding he had witnessed.
“Hurreldean boasts scale and exceptional quality and is an example of the very best beef country located in the tightly held Wandoan/Taroom district.”
Mr Warren said the property was well developed and had been cleared over the years by pulling, raking and blade ploughing.
“The introduction of buffel grass has seen productivity explode, making it an exceptional cattle fattening enterprise.”
The country, pictured above, is predominantly undulating brigalow/belah, bauhinia and bottle tree scrub, with scatterings of wilga.
During normal seasonal conditions, Hurreldean can run around 1200AE. It has been consistently running in excess of 850 cows and calves.
Hurreldean is one of a few district properties with a flowing bore (providing an unlimited supply of water), as well as two dams and three turkeys nests feeding 12 troughs throughout the property.
Wilmot Cattle Co named as buyer of Paradise Creek
Wilmot Cattle Company has been named as the purchaser of Inverell’s historic Paradise Creek Station.
Two weeks ago, Beef Central reported a large local group had paid in excess of $23 million for the large-scale freehold breeding and backgrounding enterprise that can run up to 22,000DSE.
Wilmot Cattle Co owns three properties in New South Wales’ New England – Wilmot near Ebor, Woodburn, between Uralla and Walcha, and Morocco, north east of Gunnedah. The holdings operate collaboratively with a mix of breeding, trading and finishing.
Paradise Creek was offered to the market for the first time in 115 years by the Nicholas family, via an expressions of interest campaign which closed late last year.
The property was made famous by the influential impressionist Tom Roberts. In 1895 he painted the famous ‘Bailed Up’ (which currently hangs in the NSW Art Gallery) sitting on a platform he built in a tree at Paradise Creek Station, as well as ‘In a Corner of the Macintyre’ (which hangs in the National Gallery of Australia).
The 2575ha of highly productive basalt soils are located on New South Wales’ Northern Tablelands, a region well known for its quality soil types and ability to breed and produce large numbers of cattle and sheep.
Paradise Creek has a long and recognised history of producing award winning fine Merino wool and a good reputation for breeding high performing Hereford cattle.
Improved pastures feature a large body of perennial rye and fescue grasses with a variety of seasonal herbages and clovers intermixed on predominately chocolate and black earths.
It benefits from 12km of Macintyre River frontage, 6.6km of Paradise Creek frontage, 4km of Back Creek frontage and nine dams.
Paradise forms part of a proven high volume grass production system which, alongside sister property Newstead, is capable of producing more than three million kilograms of beef per annum.
Simon Cudmore from Land Agribusiness Water Development (LAWD) handled the marketing and sale.
Record price for Southern Downs country
Paul and Allison Andrews have traded life in southern Queensland for a new start at Inverell, in northern New South Wales’ New England.
They have sold 325 Nobles Road at Loch Lomond in Queensland’s Southern Downs region for what is believed to be a record price – between $4 million and $4.5 million bare.
During the COVID lockdown, the listing was viewed more than 26,000 times and sold to the parents of the owner of the neighbouring block.
The 435ha block is situated on the rolling plains of Loch Lomond at the foot of the Great Dividing Range, 23km from Warwick and 100km from Toowoomba.
From a land use perspective, 325 Nobles Road lends itself to a cow and calf operation or steer backgrounding, cash cropping or hay production.
Selling agent Bob Jamieson from Inverell’s Bob Jamieson Agencies said the property ticked the boxes in terms of soils, water, location and infrastructure.
The fertile country is generally flat and consists of soft black and red basalt soils. It has a large percentage of established improved pastures which is included in the 325ha available for cultivation.
325 Nobles Road has abundant water from 22 dams (the majority desilted and deepened), as well as a bore.
Boasting quality infrastructure, the property includes a quality homestead built in 2005, a renovated manager’s cottage, excellent fencing, silos, sheds and yards.
Following the sale, the Andrews have secured two properties near Inverell – the 57ha Red Rock, situated on the edge of town and nestled into a bend on the Macintyre River, from the Strahley family for $1.65 million.
The block boasts a quality home, productive and fertile alluvial black basalt soils, quality improvements and a 148ML irrigation licence.
The couple has also purchased most of Rohan Butler’s 677ha Inverary, 15km north of Inverell for $8400/ha where they will grow improved pastures for beef cattle running 500 weaners, as well as oats and canola.
A neighbour purchased the remaining portion for expansion.
Mr Butler, who purchased Inverary in 1988 and is now changing direction, said property prices in the district had risen dramatically.
“Three years ago, Inverary was valued at $5400/ha,” he said.
Bob Jamieson also handled the sale of Red Rock and Inverary.
Interstate buyer swoops on Cobar properties
A Victorian businessman has secured Cobar’s Pennington’s and adjoining Yimkin prior to auction for close to $3 million.
The 8609ha Pennington’s, 80km north east of Cobar, and the neighbouring 5577ha Yimkin, 80km north east of Cobar, are suited to breeding and backgrounding goats and sheep.
Pennington’s is well set up with electric fencing and trap yards – harvesting around 1500 head of nomadic goats per annum.
The country features slightly undulating to higher hilly outcrops timbered with pine and wilga. The fertile box and pine flats are heavily grassed with a variety of edible fodder including wild orange, curran bush and rosewood.
It is watered by seven dams and a bore.
The adjoining Yimkin features fertile red loam country that is slightly undulating, timbered with pine and wilga box with plentiful natural grasses and herbages. It has a large variety of edible fodder used in dry times.
Yimkin has sound fencing, trapping around 600 head of nomadic goats a year and is watered by six dams.
David Russell from Landmark Russell handled the marketing and sale of Pennington’s and Yimkin.
Mining company secures Cobar country for access
Perth-based Peel Mining has paid $1.83 million for Cobar’s Shuttleton in New South Wales’ north west.
The 4983ha block, 30km west of Nymagee and 80km south of Cobar, were sold for the first time in around 100 years by retiring Tony Betts.
David Russell from Landmark Russell said the online auction attracted 21 inspections and 21 registered buyers.
“The tremendous result was achieved due to lack of local supply and strong demand,” he said.
Peel Mining is an advance base metals exploration company with a primary focus on copper.
The company is planning to use Shuttleton’s 5km of sealed Kidman Way Highway to access its active mining leases in the Cobar Basin.
Carrying a good body of natural grasses and herbages, the country on Shuttleton features picturesque hills, valleys, natural semi open kurrajong, box flats and a variety of edible scrub. It is watered by eight dams.
Shuttleton can carry around 1000 breeding ewes. Seasonally, it sells around 800 rangeland goats (weighing over 22kg) a year.