Property

Weekly property review: Recently completed sales

Property editor Linda Rowley, 20/09/2023

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

  • NQ safe breeder country sells prior to auction
  • Nundle cattle country is passed-in

Bannockburn and Tancred yards

 

NQ safe breeder country sells prior to auction

A southern Queensland producer with extensive holdings across the state is expanding with the purchase of North Queensland’s 82,030ha Bannockburn and Tancred.

The tightly held, safe breeder country was secured prior to auction for an undisclosed price, however during inspections interested parties were offered a $25 million to $30 million price range.

Carl Warren from TopX Australia said the listing generated tremendous interest and the sale achieved a good result.

Bannockburn and Tancred are situated south of the tick line, 110km south of Torrens Creek and 145km north of Aramac.

The operation runs around 2500 breeders and has a reputation for producing quality Droughtmaster and Charolais cross cattle.

The sale ends almost 70 years of Dart family ownership.

Situated in a 455mm annual average rainfall area, the aggregation has three diverse mixes of grazing country which benefit most seasonal conditions:

  • Lower, heavier carrying black gidgee and bauhinia country has improved pastures and native grasses including buffel, Flinders, desert Mitchell and button grasses.
  • The true desert spinifex country experienced good growth earlier this season, meaning an abundance of feed for the coming year.
  • The higher altitude narrowleaf ironbark and box country is growing browsable low bushes and numerous grasses including natives, seca stylo, summer, button, desert Mitchell and edible bushes.

Improvements over the years have increased the productivity and sustainability of the country, allowing it to carry larger numbers of breeders.

Bannockburn and Tancred are well watered by nine sub-artesian and artesian bores, four dams and seasonal waterholes.

The fencing is an ongoing renewal project with all boundary fencing in good to new condition.

Improvements include three sets of cattle yards, two homes and nine sheds.

 

Nundle cattle country is passed-in

Nundle district holding Tarwarri has failed to sell at auction, passing in at $7.5 million.

Vendor Dave Carlon from Guyra listed the property after four years of ownership, as he consolidates his New England assets in northern New South Wales.

The 1013ha property is located in the tightly-held Garoo district, described as some of the finest cattle country in the area, 50km south-east of Tamworth.

Ray White Rural agent Riley Gibson said Nundle was sought-after country, in a renowned region.

“The highest and best use of the versatile block is breeding and finishing, with the operation rated to run around 500 cows,” he said.

Tarwarri is close to a number of markets including the Tamworth regional Livestock Exchange and beef and lamb processing facilities.

The gently undulating basalt soils are carrying a body of dry feed. Around 80 percent is arable and growing fodder crops including oats, sorghum and lab lab.

Tarwarri has a history of growing barley, oats and sorghum and could be sown back to permanent pastures supported by seasonal fodder crops.

The property is serviced by eight bores (four of which are equipped with solar pumps), three windmills and one electric submersible. There are 18 dams, as well as double frontage to both the Sandy and Benama Creeks.

Improvements include a four-bedroom home, two cattle yards, a woolshed, a machinery shed, a meat house, a cool room and two silos.

HAVE YOUR SAY

Your email address will not be published. Required fields are marked *

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Property news headlines emailed to you -
FREE!