Property

Weekly property review: Recently completed sales

Property editor Linda Rowley, 02/03/2022

The standout southern Queensland property Ninbah North, near Beaudesert, has sold prior to auction for more than $9.5 million, or around $24,000/ha.

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

  • Standout Beaudesert country makes $9.5m+
  • Victorians pay $7.8m to relocate to QLD’s Darling Downs
  • Far North QLD’s Jucani Park makes $6.1m
  • Locals secure Injune’s Blair Gowrie

Standout Beaudesert country makes $9.5m+

The standout southern Queensland property Ninbah North, near Beaudesert, has sold prior to auction for more than $9.5 million, or around $24,000/ha.

It has been purchased by the Armidale registered company Glencru Pty Ltd, formed by producers from the Croppa Creek area in north western New South Wales, below the Queensland border.

Located 13km from Beaudesert and 80km from Brisbane, the 406ha Ninbah North, picture above, features expansive alluvial flats to gently rolling ridges.

Mike Barry from Shepherdson Boyd Real Estate said it was a magnificent property.

“The enterprise features excellent infrastructure and quality fencing. There is not a wasted hectare. Everything that was under cultivation has been returned to improved pastures,” he said.

Ninbah North is currently experiencing a terrific season and is boasting a good body of feed that can carry 250 breeders or up to 450 backgrounders.

It is secured by an abundance of water, fronting the Albert River, as well as  more than 3km frontage (mostly double) to Cainbable Creek, 12 dams, five bores and a 62ha irrigation licence.

 

Victorians pay $7.8m to relocate to QLD’s Darling Downs

Victoria’s John and Cate Woodward have paid a record $7.8 million for Vermont, in the tightly held Bell district near Dalby, on Queensland’s Darling Downs.

The cattle producers, who are relocating after selling their interests in Colac, paid $9100/ha bare for the 855ha block.

John Malone from Nutrien Harcourts described the price as ‘above expectations.’

“The $7.8 million was a record for Bell district grazing country. During the marketing campaign, the property attracted more than 40 inspections, with 16 registered bidders and six active bidders in the auction room,” he said.

Vermont has been held by the Carey family since 1980, running in conjunction with its western properties and later (in 1986) with the then developing Sandalwood feedlot.

In recent years, Roger Carey has traded steers, growing them to feeder weights or finishing to ox.

The undulating basalt country on Vermont is scattered with mountain coolibah, wilga, brigalow and kurrajong.

It is heavily grassed after being destocked for the past two years but can run up to 500 adult equivalents using the 200 hectares of cultivation.

It is watered by three bores, one well and two dams.

Victoria’s John and Cate Woodward have paid a record $7.8 million for Vermont, in the tightly held Bell district near Dalby, on QLD’s Darling Downs.

 

Far North QLD’s Jucani Park makes $6.1m

A record $6.1 million has been paid by Julia Creek’s Brett and Vanda Hick, Lynfield Station, for far north Queensland’s Jucani Park.

David Woodhouse from Nutrien Harcourt said the auction was attended by 60 people, attracting 12 registered bidders with five active on the day.

The 169ha grazing property was owned by Nick and Julia Burton-Taylor who offloaded their large-scale cattle breeding enterprise Bellevue Aggregation in November for $40 million.

Situated 16km from Atherton in the Upper Barron region, Jucani Park features undulating fertile red volcanic soil suitable for various agricultural and horticultural enterprises.

The highly productive Upper Barron district has a renowned history of strong performance.

Jucani Park has been fattening 350 head of cattle with proven gains of more than 210kg per annum supported by a pasture fertiliser program.

The property was sold on a walk-in walk-out basis including a six-bedroom home, a 145ML water licence, plant and equipment.

Jucani Park has been fattening 350 head of cattle with proven gains of more than 210kg per annum supported by a pasture fertiliser program.

 

Locals secure Injune’s Blair Gowrie

Injune’s Boyd family has secured Blair Gowrie, boasting magnificent views of Mt Hutton, for $2.6 million ($5030/ha bare) at auction.

Described as an ideal starter or expansion block, the 517ha block is well located 13km south of Injune and 77km north of Roma in southern Queensland.

The gently undulating country features brigalow, belah and bottle tree scrub on the eastern side of the property and ironbark, poplar box on the western boundary and gullies.

Previously, areas of Blair Gowrie were farmed and contours were used to steady water-runoff. Today, buffel has been introduced, with those paddocks now regenerating to produce an abundance of pasture for grazing.

Blair Gowrie is watered by five dams, two troughs and a sub-artesian bore.

Carl Warren from TopX Australia handled the marketing and the sale of Blair Gowrie.

Injune’s Boyd family has secured Blair Gowrie, boasting magnificent views of Mt Hutton, for $2.6 million ($5030/ha bare) at auction.

 

Click here to access more property sales results

 

 

 

 

 

 

 

 

 

 

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