Property

Weekly property review: Recently completed sales

Property editor Linda Rowley, 11/05/2022

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

  • Choice Angus secures Bingara’s Arabanoo for expansion
  • Moura’s Nirvana makes $7.2m

Tim and Rebecca Brazier from the Choice Angus Stud have paid $5.2m for Bingara’s Arabanoo in the renowned New England region of northern NSW.

Choice Angus secures Bingara’s Arabanoo for expansion

Tim and Rebecca Brazier from the Choice Angus Stud have paid $5.2 million ($3446/ha) for Bingara’s Arabanoo in the renowned New England region of northern New South Wales.

Arabanoo boasts volcanic soils with arable creek flats and contours, open grazing and timbered hills.

Two years ago, the Braziers moved from Molong, in New South Wales Central West, to Coolowie, in the renowned Horton Valley. With the additional 1509ha Arabanoo property, the Braziers will expand their stud and trade cattle.

Rebecca Brazier said the region was tightly held.

“It has been very difficult to find more country. We have been actively looking (at around 30 properties) to expand since moving here in 2020,” she said.

Water and water infrastructure on Arabanoo were drawcards.

The property is extremely well-serviced by a 4.3km single frontage to the Myall Creek, 4km double frontage to Stockyard Creek, a 3km double frontage to Teatree Creek, as well as a 25MG water entitlement.

Arabanoo formed part of the Stony Batter Aggregation that was put together more than 15 years ago by Sydney-based businessman Chris Nivan.

The sales process was handled by Col Medway from LAWD (Land, Agribusiness, Water & Development) and Daniel McCulloch from McCulloch Agencies.

Arabanoo formed part of the Stony Batter Aggregation that was put together more than 15 years ago by Sydney-based businessman Chris Nivan.

 

Moura’s Nirvana makes $7.2m

Alpha’s Peter Black and Leeanne Comiskey have paid $7.2 million or $5688/ha for what Elders describes as “an excellent scrub block well positioned to all livestock markets.”

The auction of the 1266ha Central Queensland property Nirvana was well-attended and included 11 registered bidders.

The grazing property was offered by Ray Gillies, whose family had held the property since 1937.

Located 38km north of Moura and 18km west of Banana, the country is a mix of gently undulating brigalow and softwood scrub running to areas of scattered blackbutt.

A large percentage has been ploughed and returned to improved pastures of buffel, panic and rhodes grass supported by soft native grasses and legumes. Around 400ha are suitable for cultivation.

Nirvana is watered by four dams and five bores.

Virgil Kenny from Elders handled the marketing and sale.

 

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